The scale of the London’s demise has been laid bare by figures that show the number of frontline workers in the banking industry has fallen to an eight-year low.
Houlihan Lokey, the international investment bank, has announced that it has acquired Milestone Advisors, LLC (Milestone), a Washington, D.C.-based independent investment banking firm which provides mergers and acquisitions, corporate finance, and asset valuation and sale advisory services to clients in the financial services industry. The transaction closed on December 31, 2012.
Sitting onstage in Washington’s Ronald Reagan Building in July, Lloyd Blankfein said Goldman Sachs had stopped using its own money to make bets on the bank’s behalf.
With a top speed of more than 230 m.p.h., the $1.6 million Pagani Huayra is arguably the most anticipated super-car in the United States this year, despite the fact that the National Transportation and Safety Board has yet to approve it for street driving.
Bank of America has agreed to an $11.7bn package designed to resolve most disputes with U.S.-owned Fannie Mae over bad mortgages after a deal announced two years ago proved inadequate.
WORLDWIDE M&A UP 2%, SPINOFFS & DIVESTITURES ACCOUNT FOR 47% OF M&A
If there were a banker version of sugarplums dancing in one's head, surely an easing of the liquidity coverage ratio would be it.
Ten US banks announced two huge settlements worth a total of $18.5bn on Monday, in the latest moves to clear up claims relating to the mortgage crisis that foreshadowed the meltdown of the American economy.
Here we go again.
Whether the funds will be allocated to bonuses, however, is another matter.
Here's a topical letter to staff from Jefferies CEO Richard Handler.
If you thought all professional athletes did was make it rain, date models and drive around in fancy cars .... you'd probably be right.
Goldman Sachs has downgraded HSBC to neutral from buy because its decision to cut assets from its investment bank, without exiting underperforming businesses, will reduce revenue more than costs.