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.
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.
(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.
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.
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.
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 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.