Thomson Reuters and GFI to launch Chinese money broker
Thomson Reuters, GFI, and China’s State Development and Investment Corporation Trust join forces to launch voice and electronic brokerage
View ArticleAmerica’s dream, snoozing in the biggest bear market in decades
According to Bank of America Merrill Lynch, between 2006 and the end of March this year, there had been a 43% drop in the price of US housing, the worst since 1921
View ArticleOil shocker: one day its value may plunge
The oil shock of the 1970s is one passage of history that continues to loom large for both investors and policymakers
View ArticleHow to turn $1 into $3,642,000
Fund managers battered by the rise and then fall of their equity holdings since the start of this year could take solace in a little perspective
View ArticleEmerging market FX trading head leaves BofA Merrill in London
The US bank has been pushing for a greater share of the global foreign exchange market and hopes to become a top 10 dealer in the sector
View ArticleCentral bank flagged risks at JP Morgan
More than a year before JP Morgan Chase racked up billions of dollars in losses from bad trades, Bank of England officials raised concerns but didn't formally alert other regulators
View ArticleGreifeld touts recovery from Facebook
The CEO of Nasdaq OMX said the exchange has yet to see an impact on listings from its Facebook troubles
View ArticleBalance sheet specialist Libero targets banks
The adviser set up to help insurance companies better manage their balance sheets is now looking to offer a similar service to banks
View ArticleResumé of Nomura's new chief says a lot
Japan's Nomura is turning to a veteran in domestic sales as it tries to rebuild a reputation that has been tarnished by allegations of insider trading.
View ArticleEx-RBS Rising Star emerges at CLSA
The former co-head of UK and Irish banks equity research at Royal Bank of Scotland is the second of the bank's research team to surface at a new employer after April's job cuts
View ArticleMeet JP Morgan's new-look CIB team
The US bank has announced a new business structure that hands expanded roles to a triumvirate of potential successors to the bank's chief executive Jamie Dimon
View ArticleFresh FSA probe overshadows Barclays' profits
Barclays beat analyst expectations this morning with a strong set of first-half figures but promptly had the gloss removed by revelations of a new investigation by the UK regulator
View ArticleQ&A with Daniel Pinto: Co-CEO of JP Morgan CIB
JP Morgan's most senior banker in London, appointed to his new role last week, talks to Financial News about the firm's decision to combine its corporate and investment banks
View ArticleCheer up: things can only get better for US investment banks…
You can make a case that 2012 could yet shape up to be a decent year for US investment banks, at least for those staff left standing at the end of it
View ArticleGBM profits survive Europe nosedive at HSBC
The European business of HSBC’s global banking and markets unit suffered from a lack of stimulus from the ECB in the second quarter
View ArticleCiti sheds research staff in London and New York
The US bank has reduced headcount in its research teams covering the European technology and US pharmaceuticals sectors, according to sources
View ArticleNomura won’t turn just Japanese
There are flaws in the assumption that Watanabe’s resignation will end the firm’s global ambitions
View ArticleInvestment bank to bear brunt of savage cuts at Deutsche
Anshu Jain tells analysts that 1,500 jobs will go at Deutsche Bank's investment bank as part of an ongoing cost-cutting drive
View ArticleThe hidden costs killing investment banks
Banks have made surprising progress in cutting pay, but non-compensation costs are proving to be remarkably stubborn
View ArticleErmotti warns of 'need to adapt' in new era
UBS chief executive says investment banking industry is 'in a mid-nineties environment' as Swiss bank reports second quarter loss that includes $350m hit from Facebook’s initial public offering
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