04/09/2015
Dimon’s letter to investors – the key takeaways
In a crisis, weak banks lose deposits, while strong banks usually gain them.
Investment Banking
04/09/2015
Jefferies to sell Bache futures unit, buy FXCM ops
The investment bank said in December that it was considering strategic options for the Bache business, which it bought from Prudential Financial Inc. in 2011.
04/06/2015
Fired $1.3B Merrill broker speaks out
Thomas Buck will not fight allegations and is looking to move on after a sudden termination
04/06/2015
Mizuho poaches 130 investment bankers from RBS
Mizuho Financial Group will hire about 130 investment bankers from the US arm of Royal Bank of Scotland in the coming days as it seeks to develop its North American business in “a really focused way”.
04/02/2015
US should join Asian bank
The United States has unsuccessfully opposed some of its key allies’ decisions to join China’s new Asian Infrastructure Investment Bank
04/01/2015
Morgan Stanley Boosted Gorman’s Pay 25% for 2014
Morgan Stanley gave James Gorman the biggest raise yet among Wall Street chief executive officers for last year, boosting his pay 25 percent to $22.5 million.
03/31/2015
Canada urged to join China's new investment bank
China has vowed to commit the first $50 billion in start-up funds
03/29/2015
Dodd of UBS Helps Big Investors Pick Managers
W. Earle Dodd, a grandnephew of the pioneering value investor, helps a small number of institutions pick managers and cope with low-yielding times
03/26/2015
Biggest Banks Absent From Biggest Deal of Year
The merger of Kraft and H.J. Heinz will create a company with a market value in excess of $75 billion
03/26/2015
Ziegler Closes $63 Million St. James Place Financing
This transaction will convert their shorter-term bank
03/26/2015
Grupo Ficohsa Agrees to Buy Citigroup’s Businesses in Nicaragua
Grupo Financiero Ficohsa SA agreed to buy Citigroup Inc.’s businesses in Nicaragua
03/25/2015
Fees paid to Goldman Sachs to manage 1MDB’s bonds ‘appropriate’, says Najib
The bonds were for 1MDB Global Investment, 1MDB Energy and 1MDB Energy (Langat) Limited.
03/24/2015
Former Citi boss Vikram Pandit says a loss of trust in big banks means the time is right for fintech start-ups
Investment banking veteran Vikram Pandit, who famously took a salary of $1 a year at Citi after a bailout by US taxpayers, has re-emerged as an investor in financial technology start-ups
03/19/2015
Citigroup Points to Problems With Stress Test, Mexico Unit for CEO’s Pay Cut
Michael Corbat gets $13 million in pay for 2014, down from $14.5 million in 2013
03/18/2015
Deutsche Asset & Wealth Management Issues 2014 Real Estate ESG Strategy Update
Deutsche AWM’s real estate investment business continues to sharpen its approach to ESG implementation after 10 years
03/18/2015
Citi to quit Argentina custody business
Citibank said it will quit the custody business in Argentina
03/17/2015
Goldman Predicts Growth in Asset-Management Unit Will Exceed 10%
Five different people ran the division in the span of 12 months.
03/17/2015
Major US allies to join China-backed AIIB bank
Against the advice of the US, several European nations have decided to join the China-backed AIIB development bank. Washington had expressed concern over funding transparency and competition for the World Bank.
03/16/2015
Gov’t warns Citibank it could lose its licence
The Economy ministry is warning Citibank that it could lose its licence in the country if it follows the order of US Judge Thomas Griesa
03/13/2015
SocGen corporate & investment banking takes equity stake in Eris Exchange
It will also provide streaming electronic markets in the coming months.