Resources

49 Resources for

financial services and investment banking

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Brokerages Complain of "bullying" Banks
LONDON (Reuters UK) - Three of London's best-known brokerages have accused Britain's bailed-out banks of "bullying" debt-burdened corporate clients into using their investment banking services, skewing already tough competition.The chief executives of Panmure Gordon, Numis Securities and Evolution Securities said in a joint letter to Paul Myners, Britain's financial services...
Tags: Bank, Investment Banking, Financial Services, Investment, Finance, Oukbs, RBS
News items 2009-11-09
Lazard CEO Bruce Wasserstein Dies at 61
By Steve EderNEW YORK (Reuters) - Lazard Ltd Chief Executive Bruce Wasserstein, a legendary dealmaker for more than 30 years, has died, ending an era at one of Wall Street's best-known investment banks.The company had announced on Sunday that Wasserstein, 61, had been hospitalized for an irregular heartbeat. It called...
Tags: M&A, Investment Banking, Mergers & Acquisitions, Investment, Financial Services, Bruce Wasserstein, Lazard Ltd., Wall Street
News items 2009-10-14
Lazard CEO Bruce Wasserstein Dies
By Steve EderNEW YORK (Reuters UK) - Lazard Chief Executive Bruce Wasserstein, a legendary dealmaker for more than 30 years, has died, ending an era at one of Wall Street's best-known investment banks.The company had announced on Sunday that Wasserstein, 61, had been hospitalised for an irregular heartbeat. It called...
Tags: M&A, Investment Banking, Mergers & Acquisitions, Investment, Financial Services, Bruce Wasserstein, Lazard, Wall Street
News items 2009-10-14
RHJ Buys Kleinwort Benson
FRANKFURT (Reuters UK) - Commerzbank CBKG is selling wealth management unit Kleinwort Benson to RHJ International RHJI for 225 million sterling in cash, the companies said on Thursday.The sale to RHJ, the Brussels-listed investment group that failed in its bid to buy GM's GM European car unit Opel last month,...
Tags: Investment Banking, General Motors Corp., RHJ, Financial Services, Investment, Finance, Commerzbank, Soffin
News items 2009-10-15
BofA Posts $1 Billion Loss on Consumer Credit Woes
By Joe RauchCHARLOTTE (Reuters) - Bank of America Corp posted a wider-than-expected third-quarter loss as improvement in its Merrill Lynch investment banking unit failed to offset consumer credit woes, sending its shares down 4.5 percent .The results underlined how the nation's largest bank, which has received two taxpayer bailouts totaling...
Tags: Bank, Bank Of America Corp., Merrill Lynch & Co. Inc., Consumer Credit, Investment Banking, Financial Services, Investment, Quarter
News items 2009-10-16
Credit Suisse Tops Q3 Forecasts
By Lisa JuccaZURICH (Reuters UK) - Credit Suisse Group's CSGN forecast-beating third-quarter earnings were given a tepid reception by investors, wary that the bank's fat margins in investment banking could tempt back competitors.The Swiss bank, which emerged as a winner from the credit crisis, managing without state aid, was upbeat...
Tags: Bank, Investment Banking, Credit Suisse Group AG, UBS AG, Financial Services, Investment, Finance, Oukbs
News items 2009-10-22
King to Co-head Corp Finance at BarCap
LONDON (Reuters UK) - Barclays Capital named former Citigroup banker Tom King as co-head of corporate finance -- another London-based senior hire by the Barclays BARC unit as it looks to become a global, full-service investment bank.King, who left Citigroup C in September, will work alongside New York based Ros...
Tags: Citigroup Inc., Investment, Mergers & Acquisitions, Financial Services, Personal Finance, Finance, Barclays Plc., Investment Banking
News items 2009-10-27
RBS Loss Halves, Shares Up 7.5 Percent
By Clara Ferreira-Marques and Steve SlaterLONDON (Reuters UK) - Royal Bank of Scotland more than halved third-quarter losses as bad debts shrank in results released on Friday and its shares rose over 7.5 percent.Investors nevertheless fretted over a poor performance at its investment banking arm, which trailed European and U.S....
Tags: Asset, Bank, Impairment, Investment Banking, Impairment Loss, Government, Financial Services, Part-nationalised RBS
News items 2009-11-06
RBS's Q3 Loss Halves But More Bad Debts to Come
LONDON (Reuters) - Royal Bank of Scotland RBS more than halved its operating losses to 1.5 billion pounds ($2.5 billion) in the third quarter as impairments fell, but less favorable trading battered investment banking profits.Part-nationalized RBS said impairment losses totaled 3.3 billion pounds, down 30 percent from 4.7 billion in...
Tags: Bank, Quarter, Investment Banking, RBS, Financial Services, Finance, Part-nationalized RBS, Us
News items 2009-11-06
RBS Cuts Losses, Bank Profits Slump
By Clara Ferreira-Marques and Steve SlaterLONDON (Reuters UK) - Losses at part-nationalised Royal Bank of Scotland more than halved in the third quarter with a sharp reduction in bad debt writeoffs, despite a slump in profits at its beleaguered investment bank."I have repeatedly said this is a marathon, not a...
Tags: Asset, Bank, Impairment Loss, Financial Services, Investment Banking, Investment Banking Arm, RBS, RBS Insurance
News items 2009-11-07
Analysts, Cheerleaders and CFOs
Scandals involving rigged IPO share distributions and analysts who pull punches about clients are grabbing headlines. For CFOs, working with investment bankers may never be the same. Moreover this article focuses that industry are calling for reform of two practices that stand out as flagrant abuses: the manipulation of initial...
Tags: Analyst, Penton Media Inc., Investment Banking, CFO, Investment, IPO, Financial Services, Finance
White papers 2002-12-01
The Syndicated Loan Market
"The syndicated loan market, a hybrid of the commercial banking and investment banking worlds, is globally one of the largest and most flexible sources of capital. Syndicated loans have become an important corporate financing technique, particularly for large firms and increasingly for midsized firms.Here the author describes...
Tags: Commercial Banking, Bank Of Canada, Investment Banking, Banking, Investment, Financial Services, Finance
White papers 2003-06-01
The cost of barriers to entry
This paper shows that the arrival of the euro led to a reduction in the underwriting fees of corporate bonds issued in the new currency and that this reduction was largely due to greater contestability of the investment banking business in the post-EMU European market. It also shows that the...
Tags: Barrier, Borrower, Investment Banking, Bank For International Settlements, Investment, Financial Services, Finance
White papers 2003-09-08
Press To Cfos: Lighten Up On Reg FD!
Members of the news media and some financial information providers argue that compliance with the rule could be a lot easier if CFOs and other corporate officials relied upon the press more often to distribute financial information. Although analysts have been hurt by the rule in the short run, it...
Tags: CFO Publishing Corp., Financial, Investment Banking, CFO, Investment, Financial Accounting, Financial Services, Finance
White papers 2001-04-25
As the Ink Dries, Wall Street Follies Continue
Under the terms of the global investment banking settlement announced on April 28th, ten investment banks (Salomon Smith Barney, Merrill Lynch, Morgan Stanley, Goldman Sachs, Bear Stearns, J.P. Morgan, Credit Suisse First Boston, Lehman Brothers, UBS Warburg and Piper Jaffray) will pay regulators $1.4 billion and physically and economically separate...
Tags: Reed Elsevier Inc., Investment Banking, Investment, Financial Services, Finance
White papers 2003-09-04
NASD And NYSE Adopt New Rules On Analyst Recommendations Of Securities
In response to growing concerns about potential conflicts of interest presented by analyst recommendations of securities in research reports and public appearances, both the NASD and the NYSE have adopted new rules that are designed to improve the quality and objectivity of research and to broaden the disclosure obligations applicable...
Tags: Akin Gump Strauss Hauer & Feld, Finance, Financial Services, Investment, Investment Banking, NASD, NYSE Euronext, Research Analyst, Security
White papers 2003-05-23
Taking Advantage of Extra Clout at the Bargaining Table
This paper discusses the cash management practices and various other activities. Although consolidation ensures banks long-term negotiating strength, CFOs and treasurers are enjoying a taste of power thanks to kinder credit markets .Over the past four years, the increasingly desperate scramble for credit has cost corporate treasury staffs a lot...
Tags: Treasury & Risk Management, Investment Banking, Financial Services, Investment, Finance
White papers 2004-01-01
U.S. Investment Bank Semi- Annual Review - 4Q00
The Semi-annual Review focuses on the report's rated universe of U.S. investment banking companies. This group includes the industry's most active debt issuers and accounts for most of the investment banking system's assets. This report begins with a general overview of the industry, followed by company specific commentary and extensive...
Tags: Bank, Investment Banking, Fitch, Financial Services, Investment, Finance
White papers 2001-05-02
Investment Banking and Security Market Development: Does Finance Follow Industry?
Long-term relationships between business firms and investment banks are pervasive in developed security markets and there is evidence that better monitoring and information result from these relationships. Therefore, security markets should allocate resources better when an investment banking industry exists. This paper studies the necessary conditions for the emergence of...
Tags: Finance, Financial Services, Harvard University, Investment, Investment Banking, Relationship, Security
White papers 2002-03-01
Evidence of Information Spillovers in the Production of Investment Banking Services
The article provides evidence that firm attempting IPOs condition offer terms and the decision whether to carry through with an offering on the experience of their primary market contemporaries. Moreover, while initial returns and IPO volume are positively correlated in the aggregate, the correlation is negative among contemporaneous offerings subject...
Tags: Valuation, Equity, New York University, Investment Banking, IPO, Investment, Financial Planning, Financial Services, Finance
White papers 2002-03-21
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