Preapprovals- A New Leverage Technique?
Smaller lenders are using preapprovals to attract borrowers in markets where competition for homes is fierce....
End of Goldman era on the NYSE floor
Over the last decade, NYSE’s share of US stock trades has fallen from more than 70 per cent to 12 per cent, as alternative trading venues run by banks including Goldman and rival exchanges such as Nasdaq and BATS Global Markets have taken market share.
Heard on the Street: UBS Finds Wealth Pays Off
UBS's emphasis on wealth management rather than investment banking has won plenty of investor support. For now, though, the good news looks priced in.UBS's emphasis on wealth management rather than in...
UBS CEO Says Emerging-Markets Selloff Overdone as Investors Exit
The selloff in emerging-market assets that sent the benchmark equity index to the lowest valuation since the 2008 financial crisis may have gone too far, according to UBS AG Chief Executive Officer Se...
BofA Said to Cut Bonuses for Rates Traders at Least 15%
Bank of America Corp., the second- largest U.S. lender, cut the bonus pool for interest-rate traders by 15 percent to 20 percent as revenue fell, said two people with direct knowledge of the matter.Ba...
UBS Gains as Profit Beats Estimates on Lower Legal Costs
UBS AG, Switzerland’s biggest bank, reported fourth-quarter profit that beat analysts’ estimates, helped by higher earnings at its main divisions as well as lower legal costs and a tax gain. The compa...
Chinese trust fund avoids high-profile default
A Chinese fund company has avoided a high-profile default, reaching a last-minute agreement to repay investors in a soured $500m high-yield investment trust, in a case that had sent tremors through gl...
Arbitrage Opportunities for Hedge Funds In Asia
The Asian equity relative value strategy creates a beta neutral portfolio of relative-value pairs to capture alpha in positively trending and directionless markets (risk-on mode). The fund targets a net return of 10-12% per annum.
'SWFs should rope in independent experts for risk, assets al..
Sovereign wealth funds (SWFs), which have increasingly assumed key roles in their domestic economies and global financial markets, should provide for real delegation to an independent operational man...
BofA, Barclays Sued by Houston For Libor Manipulation
Bank of America Corp., Barclays Plc and Citigroup Inc. are among a group of banks sued by the city of Houston for financial damages caused by the alleged manipulation of the London Interbank Offered R...