Finance
Seattle love, dread of activist investor help clinch Amazon M&A; roles
A decision by Goldman Sachs Group Inc last year to move an investment banking veteran to Seattle, as well as Evercore Partners Inc's hiring of a top banker defending companies against activist investors, has paid off handsomely.
Takata would stop making air-bag inflators under new plan: sources
TOKYO Japan's Takata Corp , facing bankruptcy over the biggest recall in automotive history, would stop making air-bag inflators after completing a global recall, under a restructuring plan under consideration by its steering committee, sources told Reuters on Friday.
BAML'S electronic loan trading platform celebrates one-year anniversary
NEW YORK Electronic trading in the US$900bn leveraged loan market celebrates its one-year anniversary Friday. Bank of America Merrill Lynch’s Instinct Loans, the bank’s electronic loan trading platform that kicked off June 16, 2016, touts increased liquidity and has won over many initial skeptics in the private loan market where trades typically take place over the phone.
Goldman Sachs raises $7 billion to buy secondhand stakes in private equity: sources
Goldman Sachs Group Inc has collected more than $7 billion for a fund which purchases secondhand stakes in private equity funds, far exceeding its initial target, according to two people familiar with the matter.
Bank of America to lay off more workers
Bank of America Corp has begun laying off employees in its operations and technology division, part of the second-largest U.S. bank's plan to cut costs.
Deutsche Bank outlines organization of revamped investment bank
FRANKFURT Deutsche Bank has outlined clearly differentiated roles for the co-heads of its revamped investment bank to make it more efficient and is also creating a new global markets division.
Morgan Stanley CEO says Saudi Arabia could be 'major opportunity'
Morgan Stanley CEO James Gorman said Saudi Arabia could be a "major opportunity" for the firm as the country unveiled plans for oil giant Saudi Aramco's $100 billion initial public offering and introduced a series of reforms to attract foreign capital in 2015.
Brazil court clears Bradesco CEO in tax probe, shares jump
SAO PAULO A Brazilian court has cleared Banco Bradesco SA Chief Executive Officer Luiz Carlos Trabuco of trying to illegally dodge a tax fine of 3 billion reais ($911 million), spurring the biggest jump in shares of the nation's No. 3 bank in a month.
Bank of America targets growth in international cash management
Bank of America Corp sees continued room to grow in international cash management, a low margin business that can lead to lots of other revenue opportunities with corporate clients, Chief Operating Officer Tom Montag said at an industry conference on Wednesday.
Morgan Stanley developing online mortgage application tool
NEW YORK Morgan Stanley is developing a new digital mortgage application tool in a bid to get more of its existing clients to turn to it for home loans, its wealth management technology head said on Tuesday.