Investment Banks

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.

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

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.

Downgrades leave bank stocks bruised, soul searching is on

The most prominent of these downgrades was by Morgan Stanley, which, in a recent report, noted that the asset quality of state-owned banks could lead to the next downward spiral for stocks in the sector.

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

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.

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.

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

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.

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.