More Lloyds shares to be sold by the government
Dec 18, 2014 at 02:57 | Source:
More shares in Lloyds Banking Group are to be sold by the government, in a move which could raise up to £3bn. At present, the UK bank is 25%-owned by the taxpayer, but after the latest sale, this stake could fall to 20%. A trading plan has been laun...
Banks fined by US regulators over Toys R Us research
Dec 12, 2014 at 05:12 | Source:
US regulators have fined 10 Wall Street banks for promising positive research to Toys R Us in exchange for winning its business. The US Financial Industry Regulatory Authority (FINRA) alleges the banks offered a favourable rating to the US toy retail...
Falling oil prices threaten to transform the industry
Dec 11, 2014 at 05:27 | Source:
News that oil giant BP is to accelerate its redundancy programme underlines how the industry is being squeezed by the tumbling price of crude. Companies that had been riding the crest of $100-plus oil are facing a reality check. What looked like a go...
Oil keeps sliding on oversupply fears
Dec 08, 2014 at 23:11 | Source:
The price of oil has hit another five-year low as fears of oversupply continue to mount. Brent crude was down $1.77 at $67.30 a barrel in Monday afternoon trading, having earlier hit $66.77 - its lowest since October 2009. US crude was down $1.44 at ...
Japan downgraded by Moody's amid rising fears over debt
Dec 02, 2014 at 01:32 | Source:
Moody's has cut Japan's credit rating by one notch over rising doubts about its ability to reduce debt levels. The decision by the ratings agency sent the yen to a seven-year low against the US dollar. The downgrade comes less than a two we...
US Senators question banks over commodities trading
Nov 21, 2014 at 03:02 | Source:
Executives of three US banks are being grilled by senators over accusations the banks engaged in unfair trading practices relating to several commodities. A two-year report found that Goldman Sachs, Morgan Stanley and JP Morgan Chase bought up large ...
China's Alibaba eyes first bond sale after record listing
Nov 14, 2014 at 11:52 | Source:
Chinese e-commerce giant Alibaba is set to meet with investors next week as it considers issuing its first US bond sale. The tech giant has hired Morgan Stanley, Citigroup, Deutsche Bank and JP Morgan to manage the sale. Alibaba would offer dollar-de...
JPMorgan Chase Bankers Said to Lead Moscow Exodus
Nov 14, 2014 at 10:01 | Source:
Bankers from JPMorgan Chase & Co. (JPM) to Morgan Stanley are leaving Moscow for London as sanctions over Russia's incursions into Ukraine bring business to a halt, according to people familiar with the matter. JPMorgan's head...
JPMorgan Chase Bankers Said to Lead Moscow Exodus
Nov 14, 2014 at 10:00 | Source:
A column of tanks drive from a rebel-territory to Donetsk near the town of Shakhtarsk, eastern Ukraine on Nov. 10. Photographer: Dimitar Dilkoff/AFP via Getty Images. Bankers from JPMorgan Chase & Co. (JPM:US) to Morgan Stanley are leaving Mo...
Momentum builds for Japan PM to call early election
Nov 12, 2014 at 02:15 | Source:
TOKYO (Reuters) - Officials from Japan's ruling coalition urged lawmakers on Tuesday to prepare for a possible early election, and a government source said Prime Minister Shinzo Abe was likely to delay a tax hike that could derail a promised economic...
Citigroup Bets ECB Deploys QE as Morgan Stanley Sees Odds at 40%
Oct 24, 2014 at 16:00 | Source:
If the European Central Bank's Governing Council can't agree about buying sovereign bonds, it's hard to blame economists for failing to agree on whether it ever will. A split is thus as evident among ECB-watchers as it is betw...
Morgan Stanley Sees Widodo Powerless to Prevent Rupiah Slide
Oct 20, 2014 at 10:00 | Source:
Morgan Stanley, the most-accurate forecaster of the Indonesian rupiah in the past year, expects the currency to extend its three-month slide as incoming president Joko Widodo struggles to gain parliamentary support. The U.S. bank cut its year-end ...
Morgan Stanley profits soar 87% as trading rebounds
Oct 17, 2014 at 20:27 | Source:
US investment bank Morgan Stanley has posted an 87% jump in profits to $1.65bn (£1bn) in the three months to the end of September. Trading of currencies, commodities and bonds was a big driver of profits, as was wealth management - advising high ear...
Morgan Stanley Profit Jumps 87% as Trading Activity Rebounds
Oct 17, 2014 at 18:00 | Source:
Morgan Stanley reported an 87 per cent rise in third-quarter earnings as the Wall Street bank's trading and wealth management businesses benefited from increased client activity. Net income attributable to common shareholders rose to $1.65 bi...
The wider concerns of Hong Kong's protesters
Oct 03, 2014 at 20:41 | Source:
For the Hong Kong students thronging the streets of the Central business district this week the issue at stake has been wider democracy. But for the thousands more young professionals living and working in the city's nearby office blocks, the pr...
Alibaba Gives Bigger Incentive Fees to Credit Suisse, Morgan Stanley
Sep 27, 2014 at 16:00 | Source:
Wall Street Journal
In the historic initial public offering of Alibaba Group Holding Ltd. last week, it turns out that some banks were more equal than others. In its final doling out of fees to underwriters for their work on the offering, Alibaba rewarded Credit Suisse ...
Alibaba Banks Bring Home $261 Million in Fees
Sep 22, 2014 at 20:00 | Source:
Alibaba Group Holding Ltd.'s underwriters raked in $261.2 million in fees after completing the largest initial public offering in history. Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc., JPMorgan Chase & Co. and Mo...