Wall Street ends lower, pausing rally as Powell testimony looms

[ad_1] Rivian announces it will adopt Tesla charging standard New home starts hit 13-month high Fedex falls in extended trading after posting quarterly results Fed Chair Powell’s two-day congressional testimony…

Germany’s Covestro rejects takeover proposal from ADNOC

[ad_1] FRANKFURT, June 22 (Reuters) – German plastics and chemicals maker Covestro AG (1COV.DE) has rejected an initial takeover proposal from Abu Dhabi National Oil Co (ADNOC), saying the offer…

SVB agrees to sell its investment banking division

[ad_1] June 18 (Reuters) – SVB Financial Group (SIVBQ.PK) said on Sunday it has entered into an agreement to sell its investment banking division, SVB Securities, to a group led…

Top Barclays software banker to join Centerview -sources

[ad_1] NEW YORK, June 5 (Reuters) – Barclays Plc’s (BARC.L) global co-head of software investment banking Steven Markovich has resigned to join Centerview Partners, people familiar with the matter said…

China’s top investment bank CITIC cuts base salary by up to 15% -sources

[ad_1] HONG KONG/BEIJING, June 5 (Reuters) – China’s CITIC Securities is cutting pay across its investment banking division, lowering base salaries by up to 15%, two sources said, in a…

Goldman Sachs to cut more jobs, eyes sharp fall in markets revenue

[ad_1] [1/2] John Waldron, president and Chief Operating Officer of Goldman Sachs, speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S., February 28,…

Bank buyers expect sweeteners as US government sets new bar

[ad_1] NEW YORK, May 5 (Reuters) – The government-brokered purchases of First Republic, Signature and Silicon Valley banks have created a vicious cycle in which troubled lenders need to fail…

Exclusive: UBS weighs options for sale of Credit Suisse’s Swiss unit

[ad_1] FRANKFURT/ZURICH, May 4 (Reuters) – UBS (UBSG.S) is reviewing options for Credit Suisse’s (CSGN.S) Swiss bank, including potentially keeping the unit’s investment banking operations while selling the rest, two…

UBS weighed Credit Suisse deal as early as December – SEC filing

[ad_1] ZURICH, May 3 (Reuters) – UBS (UBSG.S) was considering the potential impact of buying struggling rival Credit Suisse (CSGN.S) as early as December, months before the takeover was hastily…

Lazard reports surprise loss on dealmaking slump, cuts jobs

[ad_1] April 28 (Reuters) – Investment bank Lazard Ltd (LAZ.N) on Friday reported a surprise loss in the first quarter as dealmaking slumped, a trend the company’s CEO said would…