Posted by Reuters: Business News on February 8, 2012
(Reuters) – Wall Street has been lashing out against the Volcker rule since it was proposed, but a senior Goldman Sachs executive said on Wednesday the trading restriction might actually help the investment bank’s profitability.
Posted by Reuters: Business News on February 7, 2012
ZURICH (Reuters) – Swiss bank UBS posted a loss at its investment bank and warned that the unit’s poor performance would also affect first-quarter results as the euro zone debt crisis and worries about the health of the U.S. economy hurt business.
Posted by The Distressed Debt Report on February 2, 2012
Redwood Capital Group, a New York-based investment bank offering restructuring, corporate finance, v…
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Posted by The Distressed Debt Report on February 1, 2012
Investment bank Lazard Ltd. tapped former Obama Administration manufacturing policy adviser Ron Bloo…
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Posted by Reuters: Business News on January 29, 2012
(Reuters) – Bank of America Corp is shaking up the leadership of its investment bank as it looks to find its footing in a difficult market environment.
Posted by Reuters: Business News on January 28, 2012
(Reuters) – Citigroup has cut bonuses for its investment banking division by about 30 percent on average, Bloomberg said, citing a person briefed on the matter.
Posted by The Distressed Debt Report on January 27, 2012
Investment bank Cantor Fitzgerald expanded its credit fixed income team as it hired Jack Oestreicher…
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Posted by The Distressed Debt Report on January 20, 2012
CSG Partners, a New York-based investment bank that provides restructuring, corporate finance and ot…
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Posted by Reuters: Business News on January 16, 2012
PHILADELPHIA (Reuters) – Investment bank Morgan Stanley plans to tell employees this week that bonuses will drop, with cash payouts capped for now at $125,000, The Wall Street Journal reported on Monday.
Posted by Reuters: Business News on January 12, 2012
LONDON (Reuters) – Royal Bank of Scotland is to axe 3,500 investment bank jobs and sell or shut equities and advisory business under a 3-year plan to further reduce risk and focus more on domestic retail and corporate banking.
