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BP Profit Outperforms Expectations By Almost $1bn

BP Sign

BP profits outperformed expectations by almost $1 billion in the first quarter of 2013 thanks in part to the high margin nature of new production that came on stream at the end of 2012 and a strong performance from its trading division.



Bad Bonus Pool

C Suisse said in talks to settle dark pool claims

Credit Suisse is in talks to settle allegations related to its Crossfinder "dark pool" trading venue, which could result in a fine running in the high tens of millions of dollars, the Wall Street Journal reported, citing people familiar with the matter.

Deutsche Bank - Foyer Bridge

Kirch probe clears Deutsche Bank managers

Frankfurt prosecutors dropped an investigation of Deutsche Bank’s leadership saying they found no evidence the executives acted illegally when they settled a lawsuit by heirs of Leo Kirch for $1bn.

Lanes Merge Road Sign

Houlihan Lokey IPOs

A swell of mergers and other transactions this year has bolstered the fortunes, and stock prices, of several independent and boutique investment banks.