News on Investment Banking and Securities Dealing

Credit Suisse restricts bankers' travel to Germany

2010-03-21T07:15:19Z

<div><p>ZURICH (Reuters) - Credit Suisse <CSGN.VX> said it is restricting bankers' travel to Germany after authorities there said they had launched 1,100 tax evasion probes against the bank's clients and were investigating staff on suspicion of aiding evasion.</p><p>The probe int...

Lehman Brothers

2010-03-19T21:16:23Z

FILE - In this Oct. 6, 2008 file photo, Lehman Brothers Holdings Inc. Chief Executive Richard S. Fuld Jr., front center, is heckled by protesters as he leaves Capitol Hill in Washington after testify before the Reuters) - Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdow...

Lehman says Barclays got $13 billion windfall in sale

2010-03-18T16:30:19Z

<div><p>NEW YORK (Reuters) - Lehman Brothers Holdings Inc fired new allegations at Barclays Capital Inc on Thursday, saying the British investment bank got a $13 billion "windfall" profit from its deal to buy Lehman's U.S. brokerage in ...

SEC boss: Agency examining companies

2010-03-17T17:45:13Z

<div><p>The head of the Securities and Exchange Commission confirmed Wednesday that the agency is investigating several companies' actions in the run-up to the financial crisis of 2008.</p><p>SEC Chairman Mary Schapiro said "it would be safe to assume" that the agency is looking very closely at the conduct ...

Lehman receives OK to delay disclosure statement

2010-03-17T13:15:17Z

<div><p>NEW YORK (Reuters) - A bankruptcy judge said on Wednesday Lehman Brothers Holdings Inc <LEHMQ.PK> could delay until mid-April filing a detailed disclosure statement for its proposed plan to end its bankruptcy.</p><p>The disclosure statement, which is a necessary step for Lehman to get creditor approval for its plan...

SEC says Lehman report will be helpful

2010-03-17T11:30:15Z

<div><p>WASHINGTON (Reuters) - A Lehman Brothers bankruptcy examiner's report will help securities regulators in their investigation of large financial firms involved in the Wall Street meltdown, a top regulator said on Wednesday.</p><p>Reuters) - Global investment banking revenues this year may match the buoyant levels of 2009, analysts forecast on Tuesday, easing fears of a sharp drop during what looks set to be a "pivotal" year for the industry.</p><p>Underlying industry revenues are likely to drop 10-15 percent this year to about $280 billion, but will be flat to modestly up once lower markdowns for credit losses are fa...

Lehman administrator files record bankruptcy plan

2010-03-15T19:15:33Z

<div><p>The administrator for failed Wall Street giant Lehman Brothers has filed plans to end the largest bankruptcy in US history, opening the way for the creation of a new company.</p><p>"The proposed plan represents a fair economic resolution for all Lehman creditors and will accelerate r...

Barclays targeted UBS ahead of Lehman buy: report

2010-03-15T18:00:08Z

<div><p>NEW YORK (Reuters) - Barclays Plc <BARC.L> considered UBS AG <UBSN.VX> its preferred merger target just weeks before it bought U.S. assets from the collapsed Le...

UBS execs net $52mln bonuses for 2009

2010-03-15T04:15:57Z

<div><p>Swiss bank UBS said Monday that its top executives were awarded 54.9 million Swiss francs (38 million euros, 52 million dollars) in bonuses in 2009 as the total wage bill for senior echelons soared with the bank's return to profit.</p><p>Members of the group executive board and board of directors earned a total of 69.4 million Swiss francs in 2009 in wages and incentives, an increase of 58.7 million over the previous yea...

BofA looking to expand business in China: report

2010-03-14T17:30:10Z

<div><p>NEW YORK (Reuters) - Bank of America Corp <BAC.N>, the largest U.S. bank, plans to seek approval to expand its operations in China, the Wall...

Lehman balance sheet massaging may not be unusual

2010-03-12T17:45:10Z

<div><p>NEW YORK (Reuters) - On Wall Street, massaging the balance sheet is a time-honored practice.</p><p>But did Lehman Brothers Holding Inc <LEHMQ.PK> cross a line in the routine manipulation of its balance sheet, as described by an independent examiner?</p><...

Lehman Brothers Bankruptcy

2010-03-12T16:01:52Z

FILE - In this Oct. 6, 2008 file photo, Lehman Brothers Holdings Inc. Chief Executive Richard S. Fuld Jr., testifies before the House Oversight and Government Reform Committee on Capitol Hill in Lehman Brothers on its top management as well as audit firm Ernst & Young and banks Citigroup and JPMorgan Chase.</p><p>The 158-year-old bank filed for protection in September 2008 i...

Lehman failure fault of managers, banks, auditors: expert

2010-03-11T23:15:43Z

<div><p>A court-appointed expert blamed the collapse of investment bank Lehman Brothers on its top management as well as audit firm Ernst & Young and banks Citigroup and JPMorgan Chase.</p><p>The 158-year-old bank filed for protection in September 2008 in th...

Examiner sees accounting gimmicks in Lehman demise

2010-03-11T19:30:08Z

<div><p>NEW YORK (Reuters) - Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.</p><p>In a 2,200-page report made public on Thursday, examiner North Carolina (Reuters) - Bank of America Corp's <BAC.N> push into the competitive realm of managing retirement assets is paying early dividends.</p><p>The bank's retirement business is winning more 401(k) plan business from its l...

How to Get Started in the Forex Market - Invest With the Institutional Investors Or on Your Own?

2010-03-10T23:10:08Z

The Foreign Exchange uses currencies from a lot of countries to create a trading market where trillions are traded and exchanged day after day. This market is similar to the stock exchange, as people buy and sell, but the market and the overall results are much, much larger. The largest institutional players involved in the foreign exchange markets include Deutsche Bank, UBS,

Barclays seen on lookout for U.S. bank deal

2010-03-10T06:45:28Z

<div><p>LONDON (Reuters) - Barclays <BARC.L> is on the lookout to buy a retail bank in the United States, according to reports, to build on its successful investment bank build-up there and create a buffer against regulatory reform.</p><p>The British bank's shares dipped 2 percent ...