A U.S. Securities and Exchange Commission ban on flash trades is imminent, a senior lawmaker said in a statement on Tuesday.
Global private equity funds have found a window of opportunity to invest in Taiwan's financial sector, making acquisitions with the hope of turning a profit when the market opens to China Inc in the years to come.
HSBC Holding Plc, Europe's biggest bank, is in talks to set up an investment banking joint venture in China, a senior bank executive said, adding that acquisition prospects in Asia are too expensive and that the bank will focus on organic growth.
Australia and New Zealand Banking Group Ltd (ANZ) and Standard Chartered Plc lined up opportunistic buys in Asia, seeking growth in a region expected to lead the world out of recession.
Goldman Sachs Group Inc Chief Executive Lloyd Blankfein told employees to avoid making high profile purchases, the New York Post said, citing sources.
U.S. stock futures slipped on Tuesday as investors paused to gauge if the recent run-up will hold, while retreating oil prices looked set to weigh on energy shares.
U.S. stock futures slipped on Tuesday as investors paused to gauge if the recent run-up will hold, while retreating oil prices looked set to weigh on energy shares.
French bank BNP Paribas's revenues from corporate and investment banking nearly doubled in the second quarter as robust investor demand boosted revenues from the bank's fixed income business unit.
Swiss bank UBS posted another big loss in the second quarter as wealthy clients were scared off by a U.S. tax row, but said it hoped to start winning back trust now that a U.S. deal was in sight.
BNP Paribas , France's biggest bank by market value, posted higher second-quarter profit on Tuesday, helped by its purchase of Fortis assets, and expressed some optimism over prospects for financial markets.
Stock index futures point to a lower open on Wall Street on Tuesday, with the down S&P 500, the Dow and Nasdaq at 0.7 to 0.8 percent at 5:03 a.m. EDT.
Global stocks and commodity prices pulled back on Tuesday as investors paused to assess the state of the economy after pushing them higher in the past two weeks, while the U.S. dollar was broadly flat.
Asian stocks hit an 11-month high on Tuesday before profit taking pulled them back, while the Australian dollar also pared gains after the country's central bank left interest rates unchanged but offered no clues on when tightening would begin.
UBS said it remained cautious about its prospects after client withdrawals spurred by protracted U.S. tax litigation dragged the Swiss bank into another big quarterly loss on Tuesday.
Asian stocks climbed to an 11-month high on Tuesday on hopes a V-shaped recovery may be forming in the United States, while the Australian dollar hit its highest since late September after solid housing and retail sales data.
The shares of private equity firm Blackstone Group LP rose 21 percent on Monday, a surge that one options analyst attributed to investors buying on speculation that upcoming earnings would be better than expected.
Phibro LLC the energy trading unit of Citigroup may separate from its parent company, according to a report from the New York Times which said Andrew Hall, a senior trader at Phibro has had preliminary talks to other parties about the separation.
Gong Fangxiong, chief economist for the Greater China region and head of the China Research Department at JPMorgan Chase Co., has been appointed as deputy chairman of the JP Morgan Chase's China investment bank, according to local media Caijing.
Shares of UBS rose sharply on Monday as attention turned to details of an agreement ending the Swiss bank's dispute with U.S. authorities over whether it should reveal the identities of thousands of American clients.
HSBC Holdings could raise 50 billion yuan ($7.3 billion) in a Shanghai listing next year as it vies to be one of the first foreign firms to list in China, according to people familiar with the matter.
U.S. stocks climbed on Monday after data showed the hard-hit manufacturing sector edged closer to growth in July, pushing the S&P 500 above 1,000 for the first time in nine months.
Leonhard Fischer may be a passionate collector of modern art, but the head of RHJ International has not added to the Belgian private equity firm's gallery of assets since he joined in late 2007.
