Macquarie tipped to cut staff bonus pool
Macquarie Group is expected to announce cuts to its staff bonus pool when it reports its full-year earnings on Friday.
Morgan Stanley follows brokers in red
Morgan Stanley has become the latest retail stockbroking business to post a multi-million loss, prompting a warning that the industry will need to further consolidate rather than simply hope that share market volumes will improve.
WHK shares drop on earnings downgrade
Updated | Shares in listed accounting group WHK slipped 12¢ on Monday morning on news of a 20 per cent earnings downgrade for the half year to June 30, 2013.
JPMorgan’s Bisignano resigns in reshuffle
Frank Bisignano, who was co-chief operating officer at JPMorgan Chase and a key ally of chief executive Jamie Dimon, is leaving the bank to become chief executive of First Data Corporation.
Super funds line up for Clem Jones tunnel
Queensland Motorways is expected to be a strong contender along with Australian and international super funds in the race to buy Brisbane’s Clem Jones Tunnel.
Deutsche Australia posts $15.5m loss
Deutsche Bank’s Australian entity posted a $15.5 million loss last year, underlining the negative impact weak capital markets activity is having on Australian investment banks.
The Debt End of Town | Bye bye bonds
Capital deputy editor Stephen Shore speaks with debt reporter Jonathan Shapiro of how more than two years of declining bond rates has pushed investors into the share market, with particular interest on stocks that pay out dividends. More AFR TV
M&A
| Pos | Name | Value ($m) | No | % share |
| 1 | Morgan Stanley | 6,046 | 4 | 28.3 |
| 2 | Lazard | 5,503 | 3 | 25.8 |
| 3 | UBS | 5,461 | 3 | 25.6 |
ECM
| Pos | Name | Value ($m) | No | % share |
| 1 | UBS | 1,564 | 4 | 38.0 |
| 2 | Macquarie Group | 522 | 7 | 12.7 |
| 3 | Credit Suisse | 294 | 3 | 7.1 |
DCM
| Pos | Name | Value ($m) | No | % share |
| 1 | Westpac | 8,786 | 27 | 17.7 |
| 2 | ANZ | 7,896 | 41 | 15.9 |
| 3 | Commonwealth Bank of Australia | 7,267 | 19 | 14.6 |
Syndicated Loans
| Pos | Name | Value ($m) | No | % share |
| 1 | ANZ | 2,017 | 18 | 16.2 |
| 2 | Commonwealth Bank of Australia | 1,729 | 12 | 13.9 |
| 3 | Westpac | 1,610 | 13 | 13.0 |
Latest ASX takeover announcements
Fund managers short-sighted: GrainCorp’s Taylor
Updated | GrainCorp’s Don Taylor has blamed myopic Australian fund managers for selling off the rump of the nation’s agricultural companies as he agreed to a sweetened $3 billion takeover deal from a US grains giant.
Lazard's first-quarter profit falls 17pc
Investment bank Lazard said its first-quarter adjusted profit slid 17 per cent the year-earlier period to $US37 million as total revenue dipped to $US422.1 million.
Macquarie Sydney HQ bill hits $93m
The bill for Macquarie Group’s sumptuous new headquarters at Martin Place has leapt to $93 million as the bank lavishes more cash on internal refurbishments.
QBE issues $US600m of bonds
Updated | QBE Insurance has issued $US600 million of five-year senior bonds in the international capital markets, paying a coupon of 2.4 per cent or 175 basis points over US Treasuries.
How NSW got top price for its ports
Inside the deal | Asset sales have been a priority for the NSW Liberal government since it took office three years ago. The privatisation of 99-year leases for Sydney’s Port Botany and Port Kembla were at the top of its list.
NewSat reaches for the stars
Inside the deal | An ambitious scheme to launch an Australian satellite turned into a capital-raising marathon for NewSat.
