Banking news

Lazard outpaces rivals as merger fees rise

Financial and banking news from ft.com - 2010, July 29 - 5:55am
The investment-banking boutique shakes off a brutal spring on Wall Street to post better than expected quarterly profits as asset-management and merger advisory revenues increase 27%
Categories: Banking news

Credit Suisse issues new hybrid bonds

Financial and banking news from ft.com - 2010, July 28 - 9:31pm
Finance directors take a bullish line on likelihood regulators will continue to allow these controversial bonds to count towards top-notch tier one capital
Categories: Banking news

Deutsche Bank beats expectations

Financial and banking news from ft.com - 2010, July 28 - 4:28am
The German bank reports net income of €1.2bn for the second quarter after a tough period of trading and reveals a €14.8bn gross debt exposure to 'peripheral' EU states
Categories: Banking news

Banks face lawsuits over alleged Ponzi scheme

Financial and banking news from ft.com - 2010, July 28 - 12:45am
Investors who lost millions in an alleged German Ponzi scheme are threatening legal action against Barclays, HSBC and Rabobank, alleging that the banks may have acted irresponsibly
Categories: Banking news

Investment banking lifts UBS

Financial and banking news from ft.com - 2010, July 27 - 11:14pm
The Swiss bank reports second-quarter profit of SFr2bn, pulling ahead of its domestic rival Credit Suisse thanks to resilient earnings in investment banking and a robust private banking performance
Categories: Banking news

Deutsche Bank yields over sovereign holdings

Financial and banking news from ft.com - 2010, July 26 - 10:18pm
The German bank's shares fell as much as 3.5 per cent in early trading on Monday before recovering, with market commentators blaming the fall on the non-disclosure, as well as profit-taking ahead of results
Categories: Banking news

Jain sets up structure for Deutsche Bank units

Financial and banking news from ft.com - 2010, July 26 - 9:27pm
Anshu Jain's moves to integrate the German bank's investment banking units emphasises the group's ambitions to grow outside its core European market
Categories: Banking news

Morgan Stanley confirms return to form

Financial and banking news from ft.com - 2010, July 22 - 4:13am
The bank's shares rise 6% after better than expected quarterly profits and trading revenues, as investors bet the company would continue to gain ground on rivals
Categories: Banking news

Banks line up to advise AIA

Financial and banking news from ft.com - 2010, July 22 - 1:16am
Goldman Sachs is set to join Morgan Stanley and Deutsche Bank as the lead banks for the planned $12bn-$15bn Hong Kong ­listing of AIA
Categories: Banking news

Goldman finds itself at crossroads

Financial and banking news from ft.com - 2010, July 21 - 3:23am
With an SEC skirmish now behind it and a clearer roadmap to regulatory reform before it, investors can now shift their focus back to the bank's business
Categories: Banking news

Goldman profits plummet by 83%

Financial and banking news from ft.com - 2010, July 21 - 1:37am
The bank's quarterly profits plunged from a year ago as revenue slumped and the bank set aside more than $1bn for the UK bonus tax and its historic settlement with US securities regulators
Categories: Banking news

Goldman's Tourre denies fraud charges

Financial and banking news from ft.com - 2010, July 20 - 3:02am
Fabrice Tourre, the Goldman Sachs executive and co-defendant in the US Securities and Exchange Commission's charges that the bank defrauded investors, on Monday issued a strong denial of the charges
Categories: Banking news

Hoare Govett wins landmark blue-chip client

Financial and banking news from ft.com - 2010, July 20 - 1:40am
The corporate broking arm of RBS, has won a co-broker mandate at Cable & Wireless Worldwide
Categories: Banking news

More challenges lie ahead for UBS

Financial and banking news from ft.com - 2010, July 20 - 12:38am
Battles over Swiss bank secrecy and capital adequacy highlight the issues facing the group, which has written off more than $50bn in the credit crunch and returned to profitability
Categories: Banking news

Watchdog bares its teeth at Goldman Sachs

Financial and banking news from ft.com - 2010, July 19 - 1:08am
The Securities & Exchange Commission's settlement with Goldman Sachs showed the watchdog is not afraid to show it has teeth that bite
Categories: Banking news

Goldman Sachs settles with SEC

Financial and banking news from ft.com - 2010, July 16 - 2:54am
Goldman Sachs agreed to pay a lower-than-expected $550m fine to settle US regulators' accusations it misled investors in a mortgage-backed security – a move that ends the highest profile regulatory case since the end of the crisis
Categories: Banking news

JPMorgan names new joint leaders of US investment unit

Financial and banking news from ft.com - 2010, July 15 - 1:23am
The fact that the internal candidates Jeff Urwin and Kevin Willsey were promoted to lead JPMorgan's investment bank in Canada and the US shows how the group thrived while others suffered in the financial crisis
Categories: Banking news

Bank mortgage securities desks in hiring spree

Financial and banking news from ft.com - 2010, July 15 - 12:56am
Investment banks are once again hiring bankers to sell and trade mortgage-backed securities, the packages of loans that were at the heart of the financial crisis, reflecting a belief that the worst is over in the US housing market
Categories: Banking news

Stress test fest fails to materialise

Financial and banking news from ft.com - 2010, July 15 - 12:39am
After an initial flurry of excitement, it seems most bankers accept that little, if any, rights issue business is going to be coming their way any time soon
Categories: Banking news

German prosecutors raid Credit Suisse

Financial and banking news from ft.com - 2010, July 14 - 9:46pm
Move is part of an inquiry into whether the Swiss bank's employees helped clients based in Germany to evade taxes
Categories: Banking news
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