02/23/2012
BofA to accelerate growth efforts in China
China may become Bank of America's largest revenue and profit contributor in Asia Pacific in two years, according to Huang, who declined to say where the business ranks now.
02/23/2012
Citi boosts ABS buying through asset management arm
JPMorgan‘s decision to essentially underwrite the return of the European asset-backed securities (ABS) market after 2007 is one of the most contrarian and successful investment strategies the market has witnessed.
02/22/2012
'No improvement in BRICs capacity to withstand shocks from global risks despite economic growth'
The findings of the Global Risks Atlas 2012, released by risk analysis firm Maplecroft, indicate that strong economic performance in the BRICs has not translated into improved societal resilience or governance, which constrain a country’s ability to
02/21/2012
Macquarie Pushes Harder into Asia, Americas
The partnership includes investment banking services such as inbound and outbound M&A as well as equity capital markets transactions. In securities, the agreement provides for exclusive cooperation in institutional equity sales, co-branded research to
02/21/2012
MORGAN STANLEY: This Much Cross-Asset Optimism Is Usually A Bad Sign
CFTC data shows that there are currently net speculative long positions in the Nasdaq, US treasuries and oil. Since 1999 the average 6m performance of MSCI Europe post such an occurrence is -6.6% and the probability of a rising market is just 19%.
02/20/2012
Goldman Sachs caught in a Sharia Catch-22
Why? Because Middle East petrodollar funding must be used to strengthen Middle East petrodollar goals.
02/17/2012
Ex-Merrill broker boss slams bank on client focus
When LaMothe abruptly left one of the highest-profile jobs on Wall Street last May, he cited personal reasons.
02/17/2012
Moody’s may downgrade global banks including RBC
Moody’s said the challenges range from more fragile funding conditions and wider credit spreads, to increased regulatory burdens.
02/16/2012
Capital One-ING deal gets U.S. approval
All five Fed governors voted in favor of the deal, the Fed said on Tuesday.
02/16/2012
Asset management M&A edged up in 2011-report
The level of mergers-and-acquisitions activity in 2012 is likely to be little changed from last year as financial and political uncertainties persist, the report said.
02/08/2012
Bank Of America VP Killed In Skiing Crash
A Boston Bank of America vice president was killed Saturday when he crashed into a tree while skiing at the Sugarbush resort in Vermont, according to the Burlington Free Press.
02/06/2012
"We are ready to start talks with any banks," Yun added, declining to give further details.
02/01/2012
Bank of America, Chase and Citi Bank rank in the Top 10 Banking brands globally.
01/31/2012
Encore Bancshares, Inc today reported fourth quarter 2011 net earnings of $2.1 million, or $0.17 per diluted common share and full-year net earnings of $7.2 million or $0.11 per diluted common share after deducting preferred dividends for each period.
01/31/2012
In 2009, Financial News gave the mid-market investment bank Jefferies Group the epithet of “the bank that keep on hiring”.
01/30/2012
Assets Under Management Ended 2011 at $489.5 Billion
01/30/2012
Scotiabank is one of the world's top 100 brands and one of the top 20 global financial services brands, according to the BrandZ Top 100 Most Valuable Global Brands 2011 report.
01/25/2012
Signature Bank reports robust results
Net Income for the 2011 Fourth Quarter Reached a Record $40.0 Million, or $0.85 Diluted Earnings Per Share, An Increase of $9.6 Million, or 31.8 Percent, from $30.3 Million, or $0.72 Diluted Earnings Per Share Reported in the 2010 Fourth Quarter.
01/24/2012
Investors should bet the 10-year note future drops to 126 and exit the trade if the price increases to 132, Francesco Garzarelli, co-head of fixed-income strategy in London, wrote in an e-mailed message today. T
01/20/2012
State Street is one of the country’s largest trust banks, acting as a custodian for investment firms’ securities and handling other back-office duties. The Boston bank has benefited from strong deposit growth, but like other lenders has had le