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

Equities supremo leaves BarCap

Financial and banking news from ft.com - 2010, July 14 - 12:27am
BarCap loses the chief architect of its equities build-out after Joshi resigns to take up an equivalent post at Deutsche Bank
Categories: Banking news

Citi sells interests in private equity fund

Financial and banking news from ft.com - 2010, July 13 - 10:15pm
Citigroup is selling most of its interests in its private equity fund of funds and other investments to Lexington Partners in a deal affecting about $5bn in assets, as part of Vikram Pandit's plan to streamline the bank
Categories: Banking news

Blackstone to run Bank of America fund

Financial and banking news from ft.com - 2010, July 12 - 1:14am
Blackstone is taking over the management of a portfolio of Asian real estate investments from Bank of America Merrill Lynch in a deal that will provide a platform for the private equity group to do more property deals in the region
Categories: Banking news

Chinese union targets investment banks

Financial and banking news from ft.com - 2010, July 11 - 8:54pm
China's state-controlled union has targeted some of the world's largest investment banks in a recruitment drive that will see the multinationals have to pay a 2 per cent payroll tax to fund labour activities
Categories: Banking news

Commission sets out to restructure banks

Financial and banking news from ft.com - 2010, July 9 - 1:07am
The UK's Commission on Banking has begun work on how to restructure the 'heavily concentrated' banking sector to make it more consumer-friendly
Categories: Banking news

Kleinwort sees its future by eyeing the past

Financial and banking news from ft.com - 2010, July 7 - 1:05am
The City institution that traces its roots back more than 200 years is being rebuilt in a style that Leonhard Fischer, the bank's chairman, likes to describe as "back to the future"
Categories: Banking news

Global investment bank earnings set for steep dip

Financial and banking news from ft.com - 2010, July 6 - 10:52pm
Global investment banking earnings are expected to drop sharply for the second quarter after brutally tough market conditions saw trading commissions dry up and the market for takeovers and initial public offerings freeze
Categories: Banking news

JPMorgan brushes aside bill concerns

Financial and banking news from ft.com - 2010, July 5 - 8:36pm
JPMorgan has brushed aside industry concerns that legislation forcing banks to spin off swap trading desks would make its commodities business less competitive
Categories: Banking news

US collects $10.3bn from Citi bail-out

Financial and banking news from ft.com - 2010, July 2 - 12:21am
The US government has collected more than $10bn in cash, dividends and securities from its bail-outs of Citigroup – a sign that the financial sector's quick rebound from the crisis is helping the authorities to make money on its rescue programmes
Categories: Banking news

UBS China dealmaker quits

Financial and banking news from ft.com - 2010, July 1 - 7:51pm
Investment banker Henry Cai resigns in move that will test Swiss bank's resilience in the region
Categories: Banking news

AIG and Goldman trade blame for crisis

Financial and banking news from ft.com - 2010, July 1 - 6:03pm
Goldman executives responded to allegations that the bank was overly aggressive in calling collateral from AIG, noting the insurer had refused to share its own marks on the debt securities at the heart of the dispute
Categories: Banking news
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