12/07/2011
Golden handcuffs at Merrill Lynch loosening
The impact of the change on adviser headcount likely won’t be clear until Merrill releases headcount figures in its first quarter results next year.
Investment Banking
12/07/2011
US group launches investment banking advisory boutique
The firm's partners have a proven track record of delivering tailored and creative advice to clients over the course of multi-year engagements.
12/02/2011
The Greatest Hoax in the History of Money: The Fed, The Banks, and All Those Lies
No, scratch that. It was the greatest hoax in the history of money. And it was built on lies. How many? Let us count the ways.
11/30/2011
Playing Financials For Another 'Lehman Moment'
Once Bank of America crosses the $5 mark, investors will no longer be able to buy it on margin. Several big hedge funds hold huge positions in these firms, especially B of A, and it could just get to the point where they say enough is enough. $5 could be
11/30/2011
S&P cutsratings for most top U.S. banks
BofA and Wells Fargo fall 1 notch after ratings agency overhauls criteria.
11/30/2011
BofA signs up for $1bn solar project
SolarStrong makes affordable solar power projects available for privatized military housing communities nationwide, expected to be largest residential solar project in American history
11/30/2011
Surprise! Guess Where the World’s Most Profitable Banking Center Is…
If you haven’t noticed, most banks hardly lend against anything that isn’t guaranteed by the government anymore.
11/29/2011
31 banks on Fed's watch list
The 31 banks on the list have Tier 1 common risk-based ratios ranging from 6.89% at M&T Bank Corp., according to the company’s third-quarter earnings release, to 15.96% at State Street Corp, SNL Financial reports.
11/29/2011
BNY Mellon to change US funds
The decision to make the change has been taken by BNY Mellon Fund Managers Limited following a change to Newton Investment Management Limited's investment team.
11/28/2011
Major PE firm completes mgmt buyout of HSBC unit
Fulcrum intends to continue the legacy of profitable investments, which began with HSBC Capital (Canada) Inc.
11/25/2011
Major US banks look to new profit-making channels as client backlash continues
Banks began instituting monthly fees in response to last year's Dodd-Frank legislation that limited the amount of money banks could charge merchants for individual transactions.
11/25/2011
What would happen if an asteroid hit U.S. banks?
This dire picture is what the Federal Reserve wants U.S. banks to imagine when they test their balance sheets for resiliency against a major economic shock.
11/24/2011
World Bank urges financial sector to create jobs
The seminar aims at discussing the findings of the September-issued World Bank report entitled “Financial Access and Stability: A roadmap for the Middle East and North Africa” which provides an analytical view of the financial sector across t
11/21/2011
Reluctant speculators and the myth of financial literacy
Reluctant speculators and the myth of financial literacy
11/21/2011
Investment banks face up to a miserable reckoning
Investment banks face up to a miserable reckoning
11/18/2011
US lender to establish new hub in South Carolina
The expansion comes amid a string of job cuts from global banking giants
11/14/2011
Embattled Zurich lender cuts Canadian workforce
The strategy comes as the group closes in-house management of Canadian-equity portfolios
11/11/2011
Top US banks agree to sale 26 branches
The selldown reflects the strategy to ease government antitrust concerns
11/10/2011
Major bank's institutional asset mgmt business debuts new standard for money market fund reporting
Supplementing existing analyses of fund composition and risk metrics, the new reporting capabilities include duration contribution by country, support providers for variable rate demand notes and other features.
10/28/2011
Bryn Mawr Bank reports strong Q3 results
Bryn Mawr Bank reports strong Q3 results