Jefferies Group, Inc. has announced financial results for its fiscal first quarter ended February 28, 2011.
The Financial Services Authority (FSA) has published its business plan setting out its priorities for 2011/12, and the implications for the FSA’s budget.
Man Group plc ("Man") has agreed to sell its c.25% interest in BlueCrest to BlueCrest for $633m. Man’s investment in BlueCrest dates from 2003, and will generate a pre-tax profit on disposal of around $250 million.
BNY Mellon has announced a 44 percent increase in its quarterly dividend and plans to repurchase up to $1.3bn worth of shares through the end of 2011.
JPMorgan Chase is extending its biggest ever loan - $20bn - to provide AT&T with bridging financing for its $39bn deal to acquire Deutsche Telecom's T-Mobile US business.
Expensive, elitist and very fast.
The Wall Street Journal's 'Heard On The Street' column points out that Citi's decision to reinstate the dividend at $0.01 cent after its one-for-10 reverse stock split will still only cost the firm around $29m-a-quarter.
Staff over at Goldman Sachs are said to have received a memo Monday, advising them that Michael Sherwood, the firm's London-based vice chair, is to succeed President Gary Cohn as head of the influential partnership committee, which oversees the selection of new Goldman partners every two years.
The New York Times DealBook column has reported that the bun fight for analyst talent has started even earlier this year, with private equity firms like Blackstone and KKR going head-to-head with the likes of Goldman and Morgan Stanley to bag top talent.
It's tough being a banker these days.