The Wall Street Journal reports that BarCap’s 5-year ‘push’ for its US leveraged finance unit is paying off, as the firm currently stands in fourth postion in the league table in the first-quarter (up from eighth in the same period in 2010).
In the meantime, Dow Jones Newswires reports that Cantor Fitzgerald has increased its headcount in equities by 20% over the last year, and now has around 400 traders and analysts around the world, and could increase the unit staff by another 25% globally in 2011.
And Bloomberg reports that Citigroup’s Manuel Medina-Mora, the head of the firm’s consumer banking unit for the Americas, said last week that the company plans to invest $3bn – $4bn over the next two or three years in its consumer operations, mostly in emerging markets.
Credit Suisse’s CEO for Asia-Pac, Osama Abbasi has said that the firm is looking to quadruple the share of profits it generates in the Asia-Pac region within the next four years.
And Bloomberg reports that Goldman’s Special Situations Group, which the firm claims is more a lending business than a trading unit, could yet fall foul of the Volcker rule. Much depends, of course, on how regulators define the rule. In reality, regulators probably won’t do much defining.
Morgan Stanley CEO James Gorman has followed JPMorgan’s Jamie Dimon and visited his firm’s Tokyo office. No dramas there (and no pizza either), but Gorman did hold an open session for employees to express their views and raise any concerns.
Finally, Reuters reports Royal Bank of Scotland is looking to double the size of its wealth business by 2015, and bring the international unit into its Coutts brand. Having said all this, the plan apparently is more about reorganisation than investment, and a raft of new hires appears unlikely.