Posts Tagged “wall street”

VTB Said to Mull Shrinking NYC Office on Ukraine Crisis

by Wall Street Job Report on April 23, 2014

VTB Capital, Russia’s largest investment bank, is considering cutting most of its New York staff if the U.S. imposes further sanctions over the conflict in Ukraine, two people with knowledge of the plan said. The bank is reviewing whether to wind down (…)

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The most interesting tech IPOs in U.S. markets are coming from China. Here’s why

by Wall Street Job Report on April 23, 2014

One Chinese tech giant’s successful IPO last week set the stage for a grand slam by another Chinese giant: the mammoth Alibaba. Weibo, part of the online media company Sina, is the Chinese micro-blogging service that raised $286 million in its IPO through the (…)

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Bank of America Adds $2.4B to Legal Reserve, Won’t Say Why

by Wall Street Job Report on April 17, 2014

NEW YORK (TheStreet) – Bank of America  increased its legal reserve by $2.4 billion during the first quarter, but wouldn’t say why. While CFO Bruce Thompson said during Wednesday’s first quarter earnings call the reserve build was “mortgage-related” and “for matters we’ve disclosed previously,” (…)

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Morgan Stanley Sees Lone Trading Jump as Goldman Drops

by Wall Street Job Report on April 17, 2014

Morgan Stanley posted a jump in first-quarter trading revenue while Goldman Sachs Group Inc. (GS)’s dropped, the first such divergence in two years. Morgan Stanley today reported a surprise 9 percent increase in fixed-income trading revenue, the only gain among major (…)

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Recap: Goldman Sachs CFO says ‘diversification’ important to success of FICC business

by Wall Street Job Report on April 17, 2014

Goldman Sachs Group Inc. on Thursday reported earnings and revenue fell for the first quarter but still beat earnings estimates. The bank reported strength in investment banking but lower revenues for its fixed income unit. Check out our live blog starting at 9.30am (…)

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