Investment banks http://www.globalpost.com/taxonomy/term/25307/all en Hong Kong shares close down 0.4 pct, China inflation sparks profit taking http://www.globalpost.com/dispatch/news/thomson-reuters/130111/hong-kong-shares-close-down-04-pct-china-inflation-sparks-profi <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>HONG KONG, Jan 11 (Reuters) - Hong Kong shares reversed gains on Friday after higher-than-expected China inflation triggered profit taking in recent outperformers, snapping a two-week winning streak in the process.</p> <p>The Hang Seng Index closed down 0.4 percent on the day and 0.3 percent on the week at 23,264.1 Points. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.7 percent on Friday and 0.8 percent this week.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130111/hong-kong-shares-close-down-04-pct-china-inflation-sparks-profi" target="_blank">read more</a></p> CITIC Group Investment Investment banks Thomson Reuters Fri, 11 Jan 2013 08:30:20 +0000 Thomson Reuters 5733022 at http://www.globalpost.com Credit Suisse to cut bonus pool by 20 percent -paper http://www.globalpost.com/dispatch/news/thomson-reuters/130113/credit-suisse-cut-bonus-pool-20-percent-paper <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Bonus pool seen falling another 20 percent in 2013</p> <p>* Credit Suisse in cost-cutting drive</p> <p>ZURICH, Jan 14 (Reuters) - Credit Suisse will cut its bonus pool for 2012 by 20 percent to around 2.3 billion Swiss francs ($2.52 billion), the fourth year in a row the Swiss bank has slashed payouts, a newspaper reported on Sunday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130113/credit-suisse-cut-bonus-pool-20-percent-paper" target="_blank">read more</a></p> Business Economy of Switzerland Investment Investment banks Labor Law Thomson Reuters Sun, 13 Jan 2013 12:00:03 +0000 Thomson Reuters 5733742 at http://www.globalpost.com European shares rise, helped by M&A activity http://www.globalpost.com/dispatch/news/thomson-reuters/130114/european-shares-rise-helped-ma-activity <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSEurofirst 300 up 0.2 percent</p> <p>* Swatch climbs, buys Harry Winston jewellery arm</p> <p>* Saint-Gobain up, group scores firm offer for Verallia NA</p> <p>* TNT Express plunges, UPS says to withdraw bid</p> <p>By Tricia Wright</p> <p>LONDON, Jan 14 (Reuters) - European shares rose on Monday, with merger and acquisition news helping them build on gains made since the start of the year as investors awaited another round of corporate earnings reports.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130114/european-shares-rise-helped-ma-activity" target="_blank">read more</a></p> Investment Investment banks Primary dealers Thomson Reuters Mon, 14 Jan 2013 10:45:26 +0000 Thomson Reuters 5734066 at http://www.globalpost.com UPDATE 2-Barclays, Deutsche Bank to cut pay up to 20 pct-sources http://www.globalpost.com/dispatch/news/thomson-reuters/130114/update-2-barclays-deutsche-bank-cut-pay-20-pct-sources <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Barclays cut follows new CEO's pledge to reduce pay</p> <p>* Deutsche bonuses to be cut 15-20 pct-sources</p> <p>* Banks taking harder line on pay</p> <p>* Also clamping down on rewards that encourage risk taking</p> <p>By Philipp Halstrick and Soyoung Kim</p> <p>FRANKFURT/NEW YORK, Jan 14 (Reuters) - Barclays and Deutsche Bank will take a knife to bonuses for investment bankers in the coming weeks as they seek to tackle high costs, people familiar with the matter said.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130114/update-2-barclays-deutsche-bank-cut-pay-20-pct-sources" target="_blank">read more</a></p> Investment Investment banks Primary dealers Thomson Reuters Mon, 14 Jan 2013 16:00:49 +0000 Thomson Reuters 5734217 at http://www.globalpost.com Weak energy stocks drag Britain's FTSE off 4-1/2 year high http://www.globalpost.com/dispatch/news/thomson-reuters/130114/weak-energy-stocks-drag-britains-ftse-4-12-year-high <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSE 100 index falls 0.2 pct</p> <p>* Energy stocks weak on cautious Nomura comment</p> <p>* Banks easier ahead of earnings from U.S. peers</p> <p>* Broker comment boosts asset managers</p> <p>By Jon Hopkins</p> <p>LONDON, Jan 14 (Reuters) - Britain's leading shares fell on Monday after touching a 4-1/2 year high early in the session, with technical analysts noting the index could be set for a minor correction.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130114/weak-energy-stocks-drag-britains-ftse-4-12-year-high" target="_blank">read more</a></p> Financial economics Investment Investment banks Thomson Reuters Mon, 14 Jan 2013 17:30:41 +0000 Thomson Reuters 5734273 at http://www.globalpost.com US STOCKS-Wall Street flat as Apple gains; Boeing drags Dow http://www.globalpost.com/dispatch/news/thomson-reuters/130116/us-stocks-wall-street-flat-apple-gains-boeing-drags-dow <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* JPMorgan, Goldman Sachs earnings jump</p> <p>* Japanese airlines ground Dreamliners after emergency landing</p> <p>* Apple climbs after 3-day slide</p> <p>* Indexes: Dow off 0.27 pct, S&amp;P off 0.11 pct, Nasdaq up 0.09 pct</p> <p>By Chuck Mikolajczak</p> <p>NEW YORK, Jan 16 (Reuters) - U.S. stocks held near the unchanged mark on Wednesday as concerns about global economic growth and a drop in Boeing shares offset strong bank results and gains in technology stocks.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130116/us-stocks-wall-street-flat-apple-gains-boeing-drags-dow" target="_blank">read more</a></p> Investment Investment banks Primary dealers Thomson Reuters Wed, 16 Jan 2013 19:23:35 +0000 Thomson Reuters 5735137 at http://www.globalpost.com London bankers fear bonus "donuts" to double http://www.globalpost.com/dispatch/news/thomson-reuters/130120/london-bankers-fear-bonus-donuts-double <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Steve Slater</p> <p>LONDON, Jan 21 (Reuters) - Twice as many London bankers fear the dreaded "donut", or zero bonus, in the current pay season compared to a year ago, according to a survey released on Monday.</p> <p>Financial services recruitment firm Astbury Marsden said a poll of bankers in London showed 22 percent are not expecting a bonus of any kind from pay awards covering 2012 performance, compared to 11 percent a year ago.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130120/london-bankers-fear-bonus-donuts-double" target="_blank">read more</a></p> Astbury Marsden Business Investment Investment banks Labor Law Thomson Reuters Mon, 21 Jan 2013 00:30:47 +0000 Thomson Reuters 5737026 at http://www.globalpost.com REUTERS MAGAZINE-The Swiss turn on the super-rich http://www.globalpost.com/dispatch/news/thomson-reuters/130121/reuters-magazine-the-swiss-turn-the-super-rich <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Emma Thomasson</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130121/reuters-magazine-the-swiss-turn-the-super-rich" target="_blank">read more</a></p> Business Europe Human Interest Investment Investment banks Social Issues Thomson Reuters Mon, 21 Jan 2013 12:15:15 +0000 Thomson Reuters 5737183 at http://www.globalpost.com Britain's FTSE pinned back at 4-1/2 year peak http://www.globalpost.com/dispatch/news/thomson-reuters/130122/britains-ftse-pinned-back-at-4-12-year-peak <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSE 100 down 0.03 percent</p> <p>* Banks lower, tracking falls by German peers</p> <p>* Miners weak; Fresnillo down after Q4 update</p> <p>* Kingfisher rallies as Exane ups target</p> <p>By Jon Hopkins</p> <p>LONDON, Jan 22 (Reuters) - Britain's leading share index eased a touch on Tuesday stalling after a recent push up to its highest level in four-and-a-half years, weighed by falls in financials and mining stocks.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130122/britains-ftse-pinned-back-at-4-12-year-peak" target="_blank">read more</a></p> Business Entertainment FTSE 100 Index Investment Investment banks Thomson Reuters Tue, 22 Jan 2013 17:15:49 +0000 Thomson Reuters 5737848 at http://www.globalpost.com UPDATE 1-Barclays consults on job cuts at UK investment bank http://www.globalpost.com/dispatch/news/thomson-reuters/130122/update-1-barclays-consults-job-cuts-at-uk-investment-bank <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Around 2,000 investment banking jobs could go in cut backs</p> <p>* Review of investment bank central to new CEO's overhaul</p> <p>LONDON, Jan 22 (Reuters) - Barclays has launched a consultation with staff in its investment bank whose jobs are at risk following a strategic review by new Chief Executive Antony Jenkins, the bank said on Tuesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130122/update-1-barclays-consults-job-cuts-at-uk-investment-bank" target="_blank">read more</a></p> Barclays Business Investment Investment banks Primary dealers Thomson Reuters Tue, 22 Jan 2013 18:45:33 +0000 Thomson Reuters 5737912 at http://www.globalpost.com UPDATE 3-Goldman cleared of all charges in doomed Dragon sale http://www.globalpost.com/dispatch/news/thomson-reuters/130123/update-3-goldman-cleared-all-charges-doomed-dragon-sale <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Jury finds investment bank not negligent</p> <p>* Dragon founders' suit sought hundreds of millions of dollars</p> <p>By Tim McLaughlin</p> <p>Jan 23 (Reuters) - A federal jury on Wednesday gave Goldman Sachs Group Inc a sweeping legal victory in the $580 million sale of Dragon Systems Inc to Lernout &amp; Hauspie, saying the Wall Street bank was not negligent in arranging a deal that ultimately collapsed 13 years ago.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130123/update-3-goldman-cleared-all-charges-doomed-dragon-sale" target="_blank">read more</a></p> Business Entertainment Goldman Sachs Group Inc Human Interest Investment Investment banks Labor Law Primary dealers Thomson Reuters Wed, 23 Jan 2013 23:30:35 +0000 Thomson Reuters 5738597 at http://www.globalpost.com FTSE trades above 6,300 for first time since May 2008 http://www.globalpost.com/dispatch/news/thomson-reuters/130128/ftse-trades-above-6300-first-time-may-2008 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* FTSE up 0.2 pct; 6,300 hit for first time since May 2008</p> <p>* HSBC leads rally by UK banking stocks; top Goldman pick</p> <p>* Energy stocks in demand ahead of Q4 results; BG misses out</p> <p>* Weak miners drag; Capita falls on Canaccord downgrade</p> <p>By Jon Hopkins</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130128/ftse-trades-above-6300-first-time-may-2008" target="_blank">read more</a></p> Financial economics Investment Investment banks Thomson Reuters Mon, 28 Jan 2013 17:30:27 +0000 Thomson Reuters 5740608 at http://www.globalpost.com UPDATE 1-D.Bank to cap bonus payouts at 300,000 euros-source http://www.globalpost.com/dispatch/news/thomson-reuters/130201/update-1-dbank-cap-bonus-payouts-at-300000-euros-source <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Immediate payouts limited to 300,000 euros per employee</p> <p>* Bonus cap only applies to 2012 performance</p> <p>* Bonus cap does not apply to deferred components</p> <p>FRANKFURT, Feb 1 (Reuters) - Deutsche Bank AG will cap bonus payouts for 2012 at 300,000 euros ($407,200) per employee, a source familiar with the bank's thinking said on Friday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130201/update-1-dbank-cap-bonus-payouts-at-300000-euros-source" target="_blank">read more</a></p> Business Investment Investment banks Labor Law Primary dealers Thomson Reuters Fri, 01 Feb 2013 15:01:37 +0000 Thomson Reuters 5743114 at http://www.globalpost.com Monte Paschi probe enters crucial week as Italy elections near http://www.globalpost.com/dispatch/news/thomson-reuters/130203/monte-paschi-probe-enters-crucial-week-italy-elections-near <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Former president and director general due to testify</p> <p>* Bank scandal has affected campaign for national elections</p> <p>* Polls say centre-left has been damaged by links to bank</p> <p>By Philip Pullella</p> <p>ROME, Feb 3 (Reuters) - An investigation into possible fraud by Monte Paschi bank enters a crucial few days as magistrates question key witnesses in a scandal that has touched off a political fire storm just three weeks before Italy's elections.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130203/monte-paschi-probe-enters-crucial-week-italy-elections-near" target="_blank">read more</a></p> Business Europe Investment banks Italy Thomson Reuters Sun, 03 Feb 2013 17:45:31 +0000 Thomson Reuters 5744637 at http://www.globalpost.com UPDATE 4-UBS overhaul bearing fruit despite hefty quarterly loss http://www.globalpost.com/dispatch/news/thomson-reuters/130205/update-3-ubs-overhaul-bearing-fruit-despite-hefty-quarterly-los <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Q4 net loss 1.89 bln Sfr vs 2.078 bln loss in Reuters poll</p> <p>* Private bank net new money 2.4 bln Sfr, misses 6.8 bln forecasts</p> <p>* Unit posts 85-basis point gross margin, missing 95-105 point goal</p> <p>* Bonus pool cut; bankers to be paid in loss-absorbing capital</p> <p>* Cap on individual bonuses halved to one mln francs</p> <p>* Bank shed 1,100 staff in Q4; another 1,900 set to go by Q3</p> <p>By Katharina Bart</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130205/update-3-ubs-overhaul-bearing-fruit-despite-hefty-quarterly-los" target="_blank">read more</a></p> Business Entertainment Financial economics Investment Investment banks Labor Law UBS Thomson Reuters Tue, 05 Feb 2013 11:30:29 +0000 Thomson Reuters 5746230 at http://www.globalpost.com