39 articles found within the last year.
Displaying results 1 - 20
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Trading engine room drives Goldman revenues but comp ratio falls
Goldman Sachs’ trading and principal investments business fell ... Trading and principal investments, which includes Goldman Sachs ... The bank generated net investment banking revenues of ... However, Goldman Sachs cut its compensation-to-revenues ratio to ... The results come a day after JP Morgan...
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Crisis fails to dent largest banks' market shares
Massive changes in the investment banking industry over ... The findings appear in a report published this ... Bank of America Merrill Lynch, Citigroup and UBS ... Goldman Sachs’ share of the global investment banking ... JP Morgan, which has a market share of ... Credit Suisse's analysts wrote: “Across the industry, the...
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JP Morgan’s blow-out quarter leaves Winters in wonderland
JP Morgan more than doubled its net investment ... Net profits from investment banking hit $1.9bn (€1.3bn) ... The jump in profits was driven by the ... Profits for the first nine months of 2009 ... Here, Financial News provides a breakdown of the ... • Headcount and compensation ...
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Jupiter manager piles back into banks as outlook strengthens
Renowned financials investor Philip Gibbs has increased his ... Gibbs' £1.3bn (€1.4bn) financials fund at Jupiter Asset ... The latest figures published by Jupiter revealed a ... Gibbs last month predicted that bank shares would ... The news of Gibbs' dramatic turnaround on the...
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Ex-Bear banking chief seals first deal with new boutique
The boutique investment firm co-founded by Bear Stearns’ ... BLM Partners, which was founded earlier this year ... AEG Power Solutions was previously owned by Belgian ... The acquisition was arranged through a rare reverse ... Lahnstein said: “We are delighted with the successful...
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French banks 'likely winners' from regulatory clampdown
A new report has identified French banks as ... BNP Paribas and Société Générale are likely to ... The relatively low exposure of the two banks ... JP Morgan’s report comes weeks after analysts at ... The pressures on French investment banking businesses have ... However JP Morgan wrote in the research that...
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Renaissance boss moves into 'post-crisis' mode
The co-founder of Renaissance Capital has attempted to ... In a memo to staff last week, seen ... The memo comes 10 months after Renaissance was ... Following Prokhorov’s investment Renaissance cut hundreds of jobs ... Jennings wrote: “As always opportunities come with uncertainty...
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Investors doubtful of IPO revival in Europe this year
Three-quarters of institutional investors are not expecting a ... The survey, carried out by UK-based investment bank ... The findings are based on a survey of ... European initial public offerings have a tendency to ... Shares in China State Construction Engineering Corporation shares...
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RBC strengthens link between wealth and investment bank with new hire
Royal Bank of Canada Wealth Management has appointed ... Wasim Afzal starts as manager in structured notes ... He reports to Phil Cutts, head of advisory ... Cutts said: “In this low interest rate environment,...
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Former BarCap banker sets up advisory business for wealthy investors
Barclays Capital's former head of strategic equities for ... Jérôme Laurre left BarCap in May to set ... These deals help companies or financial institutions with ... Some of the greatest demand this year has ... As reported by Financial News this week, bankers ... Laurre, who has more than 12 years experience...
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Comment: Time to vaccinate banks against the the next seductive 'meme'
The implosion of US-based CIT finance group and ... CIT’s chief executive Jeff Peek was passed over ... When delinquency in sub-prime started developed in 2007 ... The point of the story is it doesn’t ... Everyone had been keen to borrow in the ... Academic Richard Dawkins once described their follow-my-leader behaviour...
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HSBC chief criticises 'guaranteed bonus' culture
HSBC’s chief executive has railed against the return ... Speaking at the Euromoney award dinner last night, ... Geoghegan said banks needed to ensure staff were ... He said: “We run on a philosophy that ... Speaking last month, HSBC chairman Stephen Green offered ... Geoghegan’s speech to an audience of more than...
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Goldman buoyed by 140% fee forecast
Goldman Sachs has recorded the largest quarter-on-quarter increase ... Revenues from debt and equity underwriting, and mergers ... Equity capital market was largely responsible for the ... Goldman is due to release its second quarter ... The world’s largest fee earner remains JP Morgan,...
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UBS makes big upgrades to investment banks
Analysts at UBS have made a significant upgrade ... The five banks, Barclays, BNP Paribas, Credit Suisse, ... The analysts made the biggest upgrade to Barclays' ... Explaining the decision to increase earnings forecasts by ... The analyst wrote: “We now expect 2010 to ... Analysts at several banks, including JP Morgan and...
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Soanes continues rise through UBS ranks
David Soanes, the UBS banker best known for ... London-based Soanes has been named as the bank's ... His promotion comes as co-head of global capital ... Soanes and Davidson have been promoted to head ... Soanes has risen rapidly through the ranks at ... Isolani had been a highly influential figure during...
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Goldman ranks top in China
Goldman Sachs is set to pass the half-way ... The US banking giant has already earned $81m ... Its revenues have been bolstered by an estimated ... Bank of America Merrill Lynch is second in ... Overall investment banking revenues in Greater China total ... Goldman could further strengthen its league table position...
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Brokers stay long despite market recovery
Almost three-quarters of the trading ideas sent by ... According to the trade idea service managed by ... More than two-thirds of trading ideas logged by ... Trade Ideas Monitor is used by more than ... Despite this optimism about the market outlook, lower ... Credit Suisse sold a stake in brewer Anheuser-Busch...
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European investors upbeat on Russia
The majority of European investors believe Russian equities ... A recent survey of 30 European institutional investors ... However, the survey found that only 39% said ... The survey follows a spectacular rally in Russian ... The ruble-denominated Micex stock exchange has gained 115%...
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Wooing the wealthy
To paraphrase novelist Jane Austen, it has become ... A Dow Jones After The Crunch survey of ... The worth of the wealthy has fallen by ... But plenty of people have retained their wealth ... Advisory departments at several investment banks are, unusually, ... Ambitious young advisers have been quitting large firms...
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Derivatives go back to the drawing board
When the most powerful man in the world ... US President Barack Obama’s verdict on derivatives, in ... The collapse of Lehman Brothers, the AIG affair, ... At the same time, derivatives volumes have fallen ... Credit derivatives have received the most negative publicity....
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