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Why are so many M&A deals being pulled ?

Merge lanes road sign

The value of potential takeovers yanked from the market is at its highest level since the height of the global credit crisis in 2008, according to market statistics firm Dealogic.

Russian investment banks hit by economic and Ukraine woes

Russia Flag

Russian investment banking activity has been hit this year by the faltering economy and the Ukraine crisis, putting pressure on Moscow bankers to get creative in offering local firms different ways to raise capital instead of the standard fare of international share and bond issues.

Terry Smith could soon leave Tullett Prebon

Exit Sign

Terry Smith, the chief executive of Tullett Prebon and a prominent figure in London's financial circles, could leave the interdealer broker as early as the end of June, a source familiar with situation told Reuters on Tuesday.

Tesco suffers worst sales for decades

Maggie In Hard Hat

Tesco has suffered its worst sales performance in decades, piling the pressure on its chief executive, Philip Clarke, who is struggling to revive Britain's biggest retailer as it grapples with extra competition from discounters such as Aldi and Lidl.

BofA makes another mistake

Bank Of America Corner Signs

Bank of America said it sent incorrect data to a U.S. regulator that made its private stock trading platform look bigger than it actually is.



Pot Of Gold

London gets first one-stop shop for buying and storing gold bullion

Fancy buying a £300,000 gold bar? And need somewhere safe to keep it? London’s first one-stop shop for those who want to buy gold bullion is opening its doors in Mayfair, offering investors the chance to buy coins and bars and pop them straight into a safety deposit box – all in the same elegantly decorated showroom.

BNP Paribas Logo

BNP Paribas plans equities trading overhaul

BNP Paribas will outsource its Asian equities trading platform to global electronic brokerage Instinet to save costs as part of a broader overhaul of its regional cash equities business, both companies told Reuters.