02/18/2014
Opus Bank Announces Expansion of Its Merchant Bank
Opus Bank announced today the further expansion of its Merchant Bank, through the formation of its new Corporate Finance Division and its new Private Equity Group.
Investment Banking
02/14/2014
US investment group sells half its stake in Crest Nicholson
Varde the US investment group that at one stage was the controlling shareholder in Crest Nicholson, yesterday announced it had sold half its stake in the housebuilder which floated at the beginning of last year.
02/13/2014
Ryan Crane, JPMorgan Equities Trading Executive, Dies at 37
Ryan Crane, a JPMorgan Chase & Co. employee who in a 14-year career at the New York-based bank rose to executive director of a unit that trades blocks of stocks for clients, has died.
02/13/2014
Survey Says Investment Banking Clients Want
Since the credit crunch, investment banks have been berated by politicians, regulators and the media.
02/13/2014
Lehman settles with Freddie Mac over $1.2 billion claim
Lehman Brothers Holdings Inc settled with Freddie Mac a $1.2 billion claim, freeing up millions of dollars which will be available for distribution to the bank's creditors.
02/12/2014
Insight: Wall Street’s most eligible banker Fleming waits for suitor
Wall Street power brokers are betting that Greg Fleming will be chief executive of a major U.S. company one day, but no one is quite sure of which one or when.
02/11/2014
Goldman Sachs Siphon $77m from Credit Crisis Bonuses
Senior bankers at Goldman Sachs siphoned $77m in bonuses after they exercised options that were awarded to them during the height of the financial crisis.
02/10/2014
JPMorgan Said to Offer Bad Debt as BlackRock Plans HSBC Sale
JPMorgan Chase & Co. is offering $390 million of non-performing loans as banks including HSBC Holdings Plc and Regions Financial Corp. increasingly look to sell troubled mortgage debt.
02/07/2014
Detroit Cancels Swaps Forbearance Deal With BofA, UBS
Detroit won’t take legal action for now against Bank of America Corp. and UBS AG over a costly swaps deal, even after canceling a forbearance agreement it reached with the banks in July.
02/07/2014
New York Merger Bankers Lead Ranks Earning More Than $1 Million
Senior investment bankers in the U.S. earn more than their peers in Europe and Asia, making $1,025,000 a year on average
02/05/2014
Lazard’s Profit Rises 35%, Aided by Asset Management
Lazard said on Wednesday that its profits rose 35 percent in the fourth quarter
02/04/2014
Oppenheimer Wins 2013 M&A Advisor Award
In winning this prestigious award, Oppenheimer was recognized for its work in helping Ahern to successfully navigate the Chapter 11 process to refinance its existing indebtedness and negate a competing plan of reorganization from its junior creditors, p
02/04/2014
SocGen said planning to recruit in area as rivals retrench
It comes as competitors such as UBS, Credit Suisse, Barclays and Deutsche Bank are reducing staff and capital in their fixed income units in an effort to cope with falling revenues, stricter capital rules and a costly move towards electronic trading.
02/04/2014
Wells Fargo director resigns for health reasons
The bank said in a regulatory filing that the resignation was not "a result of any disagreement with the company, the board or management."
02/04/2014
Crédit Agricole Corporate and Investment Bank Joins Tradeweb
Today, Crédit Agricole CIB goes live as a market maker for US Treasuries on Tradeweb, a world leader in building and operating electronic over-the-counter marketplaces.
01/31/2014
Stifel to acquire California-Based investment banking boutique
It is an impressive group, with an excellent reputation, in a market we are committed to serving," said Ronald J. Kruszewski, Chairman, President, and CEO of Stifel Financial Corp.
01/29/2014
After Dropping Accounts, HSBC Adds $1 Billion to International Loan Program
Now HSBC plans to lend $1 billion in 2014 to small and midsize U.S. companies that do business internationally
01/28/2014
T. Rowe Price Group Reports Fourth Quarter And Annual 2013 Results
T. Rowe Price Group, Inc. today reported its 2013 fourth quarter results, including net revenues of $929.8 million, net income of $287.7 million, and diluted earnings per common share of $1.06.
01/24/2014
Ranking the M&A rainmakers for 2013
A handful of big-ticket transactions in the bank space propelled investment bankers from J.P. Morgan Securities LLC to the top of SNL's lead banker rankings in 2013.
01/21/2014
JPMorgan to Credit Suisse Boost Startup Push in Deals Hunt: Tech
When SurveyMonkey Inc. Chief Executive Officer Dave Goldberg wanted to buy out investors from his Internet company and attract new ones who wouldn’t balk at his aim to stay private