01/03/2012
French banks 'cutting US staff'
A French banker based in the United States told Les Echos that the layoffs had been "particularly brutal" in the past few weeks.
Investment Banking
01/03/2012
Goldman Sachs puts Hollywood holding up for sale
Sale of the company, which was first reported by the Financial Times, would include Canadian and other rights to a library of more than 11,000 films, as well as Canadian distribution rights for pics from Relativity, Lionsgate Entertainment, Focus Features
01/03/2012
Top US lenders brace for new tax rules
The Bedford Report releases market research on the Money Center Banking industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.co
01/03/2012
US regional banks struggling to achieve revenue growth
Last month Fitch Ratings said that U.S. government financial support for banks is declining, arguing that future bailouts will likely be restricted to just eight lenders it regards systematically important. Fitch believes the government currently has the
12/26/2011
BofA Prepared for ‘Turbulent Times’
Bank of America Chief Executive Officer Brian T. Moynihan told employees in a year-end letter that he bolstered the firm against risk and will make more improvements in 2012.
12/20/2011
Volatility creates long-term opportunities - HSBC Global Asset Management
In its global outlook for 2012, HSBC Global Asset Management argues that frequent rotations in sentiment in markets reflect the fact that officials have been applying a 'band-aid' approach to addressing fundamental problems
12/19/2011
John Thiel: Calming the Merrill Lynch herd
Like all wealth managers, Mr. Thiel and his legions of advisers have their hands full keeping clients calm in a nerve-racking market.
12/09/2011
Major US banks rank as best employers for gays, lesbians
Financial firms outperformed most other industries in adopting and enforcing non-discrimination policies, offering health insurance for same-sex partners and recruiting and retaining lesbian, gay, bisexual and transgender employees, according to the repo
12/08/2011
Market appetite for yield returning - survey
iquidity is key, and remains the biggest concern in treasury departments
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.
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.