Wednesday, 20 June 2018

Philip Scipio' s stories

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  • Goldman Sachs sign

    Goldman enjoys DCM boom but trading slumps

    Top News | 19 January 2018

    At the same time that Goldman Sachs was turning in its worst performance in fixed income trading since the 2008 financial crisis, it also enjoyed its best ever quarter in debt underwriting – reflecting a shift in its focus.

  • Trading suffers as clients tune out

    People & Markets | 19 January 2018

    The multi-year slide in fixed income trading gathered pace again last year after a pause in 2016 when clients were pulled off the sidelines by a fracturing eurozone and major election upsets.

  • Morgan Stanley

    Morgan Stanley boosts ROE target to 10%-13%

    Ticker | 18 January 2018

    After years of struggling to hit double digits, Morgan Stanley boosted its target return on equity to a range of 10% to 13% from 9% to 11%. For 2017 the ROE was 9.4%.

  • Goldman Sachs sign

    Goldman sees FICC fall 50%

    Ticker | 17 January 2018

    Goldman Sachs continued to be vexed by fixed income commodity and currency trading in the fourth quarter as revenue fell by 50% to just over US$1bn.

  • Kashkari calls for 15% leverage ratio

    People & Markets | 12 January 2018

    The Minneapolis Federal Reserve is pushing for big US banks to double the amount of capital they hold to slash the risk of a massive financial crisis in the next century to 9% from 67%.

  • JP Morgan Q4 dragged down by trading

    People & Markets | 12 January 2018

    JP Morgan’s corporate and investment bank was dragged down by a tough period in fixed income trading in the fourth quarter and a big hit to equity trading from a single margin account.

  • Logo of Houlihan Lokey

    MOVES-Houlihan Lokey hires Pund from Lazard

    Ticker | 09 January 2018

    Houlihan Lokey has hired Nathan Pund as a managing director in its consumer group working out of Dallas and focusing on the active lifestyle sector.

  • Jefferies offers reprieve from Q4 trading gloom

    People & Markets | 05 January 2018

    Independent investment bank Jefferies offered a more upbeat view of investment bank prospects, posting record revenues and profit for the year to the end of November on the back of buoyant debt and equity underwriting activity.

  • Banks take big fees in flat M&A market

    People & Markets | 05 January 2018

    Global merger and acquisition activity was flat in 2017 compared with 2016, but there was a lot for dealmakers to get excited about as the number of deals picked up - translating into bigger fees for advisers.

  • Short-term bank pain from Trump tax

    People & Markets | 05 January 2018

    Major banks are set to take massive writedowns in the fourth quarter as a result of US President Donald Trump’s tax overhaul - in some cases, big enough to wipe out profits in the period.