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Sunday, 21 April 2019

Markets

Credit Suisse takes control of China JV

IFR 2280 20 April to 26 April 2019

Credit Suisse has joined a growing list of banks in taking a majority shareholding in its Chinese securities joint venture, potentially paving the way for the Swiss bank to make a big push in secondary trading.

Activists cool off in Q1

IFR 2279 13 April to 19 April 2019

Activist investors may be taking a breather from their record setting pace of 2018 after a 22% drop in the number of campaigns in the first quarter from a year ago, according to investment bank Lazard.

UniCredit

UniCredit among banks accused of running bond cartel

11 April 2019

(Reuters) Italy’s biggest lender UniCredit said it is among a group of banks accused of running a cartel in trading euro zone government bonds between 2007 and 2012, years when financial crises dragged down banks and several European countries.

CBOE

Traders revive short vol bets

IFR 2278 6 April to 12 April 2019

Investors are piling back into trades that profit from markets remaining calm – including strategies that blew up spectacularly early last year – as an about-face from central banks has quashed volatility across asset classes.

Wall Street bonuses fall 17%

Wall Street bonuses fall 17% to average US$153,700

26 March 2019

Bonuses across New York City’s securities industry for 2018 fell 17% from the year before to an average of US$153,700, as the overall bonus pool shrunk and it was shared by more workers.

Banners of Deutsche Bank and Commerzbank

Deutsche Bank and Commerzbank go public on merger talks

18 March 2019

Deutsche Bank and Commerzbank confirmed on Sunday they were in talks about a merger, prompting labour union concerns about possible job losses and questions from analysts about the merits of a combination.

Rothschild & Co logo

Rothschild says M&A cycle nearing peak

13 March 2019

Rothschild & Co said its immediate pipeline of M&A business remains healthy as it continues to develop its North American business, but still reckons the market cycle is close to a peak.