Does Treasury See Market Crisis Ahead?
Minutes of an obscure Treasury committee discuss plans to raise cash in the short term, but also note a severe cash crunch in two years.
10 Biggest Banks in the World (*With a Footnote)
SNL Financial released its first ranking of 100 biggest banks, but noted that their respective accounting regimes affected placement.
London Is Bleeding Bankers
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.
Japanese Banking Minister Dies
Financial Services Minister Tadahiro Matsushita of Japan, who was at the helm of the insider trading crackdown that brought down Nomura Holdings' top to executives, has died. His death was ruled a suicide by police.
Nomura May Buy Asian Investment Firm or Broker
Nomura Holdings may be pulling back on the global stage, but it’s looking for ways to boost its presence in Asia to take advantage of the region’s growth and its rising coterie of affluent individuals.
Nomura to Scale Down Global Presence
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.
Citigroup’s Pandit Rebuffed Despite Record Revenue
At an otherwise routine meeting, the only point of contention was the pay package, with more than half of attendees voting ‘nay.’
UBS Loses More From Japan Equity Desk
The Swiss bank UBS has lost a total of five people from its Japan equity desk, a week after the research team had been ranked second in Japan.
Citi Mulls Unloading Smith Barney Stake to Morgan
A Nomura Holdings analyst wrote in a letter to clients on March 22 that Citigroup executives indicated willingness to sell more than the scheduled 14% stake in Morgan Stanley Smith Barney if Morgan Stanley is interested.
Rivals May Follow RBS Lead in Investment Bank Cuts
In the wake of cuts announced Thursday by Royal Bank of Scotland Group that it will close or sell its equities, mergers advisory and equity capital markets businesses, slashing 3,500 jobs, other European banks may follow suit.