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By Marlene Y. Satter, AdvisorOne |
October 26, 2012
UBS is considering a revamp of its investment bank that could see it granting more responsibility to Andrea Orcel, co-head with Carsten Kengeter, and less to Kengeter, according to sources familiar with the matter.
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By Marlene Y. Satter, AdvisorOne |
October 3, 2012
The investment banking units of BNP Paribas, Société Générale, Credit Agricole and Natixis hold 2.05 trillion euros ($2.64 trillion) in trading assets.
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By Marlene Y. Satter, AdvisorOne |
October 2, 2012
An EU advisory group said that the risks of investment banking should be separated from retail banking activities as a means of protecting depositors and taxpayers.
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By Marlene Y. Satter, AdvisorOne |
October 1, 2012
Third-quarter drops in revenue and profits have reportedly cost the City of London 9,000 jobs in the financial services sector, according to a survey by a business lobby group.
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By Marlene Y. Satter, AdvisorOne |
September 6, 2012
The Japanese brokerage firm Nomura Holdings plans to seek nearly half of a planned $1 billion in savings from cutting European and Middle Eastern operations, with the rest to come from the Americas and Asia.
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By Janet Levaux, AdvisorOne |
June 20, 2012
The departures come on the heels of news that BofA is selling some operations to Julius Baer and firing some U.S. Trust managers.
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By Marlene Y. Satter, AdvisorOne |
September 16, 2011
The same day the $2 billion loss hit the news, the firm was placed on review by Moody’s Investors Service for possible downgrade over its risk control measures.