Investment Banks

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Investment Banks - Total results - 24
Accenture report says blockchain technology can cut costs for investment banks by $8 to $12 billion a year
News & Analysis

Accenture report says blockchain technology can cut costs for investment banks by $8 to $12 billion a year

Blockchain technology could help the world’s largest investment banks cut their infrastructure costs by between $8 to $12 billion a year by 2025.

Several investment banks in race for IndiGo IPO as airline looks to list by Q3
Corporate

Several investment banks in race for IndiGo IPO as airline looks to list by Q3

Budget carrier IndiGo is in talks with several investment bankers for its upcoming $400 million ( Rs 2,500 crore( initial public offering. According to a report in CNBC-TV18, JM Financial, Deustche Bank, Axis Capital and some global bankers are travelling to Paris this week in order to pitch for the mandate. <br />

US regulator sues UBS, Morgan Stanley, 7 others over faulty securities
Business

US regulator sues UBS, Morgan Stanley, 7 others over faulty securities

A US regulator filed lawsuits against Morgan Stanley and eight other banks over the sale of nearly $2.4 billion in mortgage-backed securities to two credit unions that later failed, according to a filing.<br /><br />

BSE chooses 14 lead banks for its IPO early next year
Investing

BSE chooses 14 lead banks for its IPO early next year

Bombay Stock Exchange (BSE) has chosen 14 banks for its initial public offering in the first half of 2013, Ashishkumar Chauhan, managing director and chief executive officer at the exchange, told Reuters on Thursday.

Here's why Nomura CEO is taking pay cut
Business

Here's why Nomura CEO is taking pay cut

Financial services firm Nomura Holdings admitted to breach of confidential information which resulted in the company cutting its CEO's pay and shutting down its equity sales operation.

Local Competition forces Barclays to cut 600 jobs in India
Business

Local Competition forces Barclays to cut 600 jobs in India

Banking major Barclays plans to cut 600 jobs in India by next year as it cuts down on its lending activities in India. The bank might also sell its SME business facing tough competition from Indian rivals.

Indian stocks expensive, risky; China a safer bet: Schroder
Investing

Indian stocks expensive, risky; China a safer bet: Schroder

The macro position for China and Korea is infinitely better than India. It does have inflation issues, it still has record fiscal position and has one of the highest interest rates in emerging markets. And, in addition, valuations are expensive, said the investment firm

JPMorgan CEO to testify on $2 bn trading loss
Business

JPMorgan CEO to testify on $2 bn trading loss

Jamie Dimon, chief executive of JPMorgan, plans to tell the panel that JPMorgan has taken steps to prevent such losses from occurring again, according to his prepared testimony issued by the bank.

Fed regulator: JPMorgan changed risk strategy in 2011
Investing

Fed regulator: JPMorgan changed risk strategy in 2011

Starting late last year, JPMorgan Chase & Co reduced the amount of hedging it was doing to contain potential losses, according to a top federal regulator.

Moody's cuts German banks ratings on euro crisis
World

Moody's cuts German banks ratings on euro crisis

With the forecast of the eurozone crisis strengthening, Moody's has cut the credit ratings of several German banks including Commerz Bank and Dresdner Bank on account of limited loss-absorption capacity.

Banking sector to consolidate globally, says Anshu Jain
Economy

Banking sector to consolidate globally, says Anshu Jain

Berlin Banking sector is set to consolidate globally with only five or six lenders emerging as major players and Deutsche Bank should be among them, says Anshu Jain.

D-day: Can Anshu Jain take Deutsche Bank to new heights?
Business

D-day: Can Anshu Jain take Deutsche Bank to new heights?

Anshu Jain has taken over as the first India-born co-chief executive of Deutsche Bank, marking the beginning of a new era in the German lender's 142-year history amid hopes that he would take the orgainsation to new heights globally.

Morgan Stanley gets banking licence from RBI
Economy

Morgan Stanley gets banking licence from RBI

The licence would enable Morgan Stanley to expand its offerings to wealth management, corporate banking and foreign exchange from its current services.

JPMorgan sells profitable securities to offset  'London Whale' losses
Business

JPMorgan sells profitable securities to offset 'London Whale' losses

The Bank sold profitable securities to offset losses to avoid a hit in the second quarter earnings. But experts believe that they made a stupid mistake by taking risks with derivatives they did not understand.

JPMorgan's $2 bn loss: Fed regulators caught sleeping?
Business

JPMorgan's $2 bn loss: Fed regulators caught sleeping?

JPMorgan's $2 billion-plus trading loss raises serious questions about whether the regulators were asleep at the wheel or whether it is too much to expect them to keep up with the financial engineering conducted by complex institutions with diverse, global operations.

Goldman Sachs cuts staff in annual review process
Business

Goldman Sachs cuts staff in annual review process

Goldman Sachs Group Inc has begun a new round of staff cuts in its trading and investment banking divisions, three sources familiar with the matter said, a sign of a continued penny-pinching on Wall Street.

Morgan Stanley to lay off 580 employees in NYC
Business

Morgan Stanley to lay off 580 employees in NYC

The cuts in New York will come from the investment bank's offices at 1221 Avenue of Americas, 1 New York Plaza, 1585 Broadway and 750 Seventh Avenue, according to the filing with New York State's Department of Labor

Morgan Stanley to cut 1,600 jobs, relocate back-office jobs to India
Business

Morgan Stanley to cut 1,600 jobs, relocate back-office jobs to India

In a sign of the times, Morgan Stanley joined the legions of financial firms shedding jobs by announcing plans on Thursday to eliminate 1,600 jobs.

IPO slump drives Asia bankers towards block deals
Economy

IPO slump drives Asia bankers towards block deals

For investors on high alert over Europe's debt troubles and concerned about a slowdown in the US and Chinese economies, buying into existing companies through block sales may be more tempting than venturing into untested IPOs.

UBS Q3 credit gains to cancel out trading loss
Economy

UBS Q3 credit gains to cancel out trading loss

wiss bank UBS AG said it expects to report a modest third-quarter net profit, easing concerns about the impact of the $2.3 billion rogue trading loss uncovered last month as the bank chalks up gains on credit derivatives.