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Goldman Sachs Q4 net earnings down 56%
Goldman Sachs Group has reported net earnings of $978m, or $1.84 diluted earnings per share, for the fourth quarter of 2011, compared to $2.23bn, or $3.79 diluted earnings per share, for the same period in 2010.
Wealth & Assets Management > Asset Management > News
Wealth & Assets Management > Asset Management > News
US Bancorp Q4 net income surges
US Bancorp has reported a net income of $1.31bn, or $0.69 diluted earnings per share, for the fourth quarter of 2011, compared to $951m, or $0.49 diluted earnings per share, for the same period in 2010.
Banking Services > Retail Banking > News
Banking Services > Retail Banking > News
Citigroup fined for undisclosed conflicts of interest in research reports
Citigroup Global Markets has been fined $725,000 by the Financial Industry Regulatory Authority (FINRA) for not disclosing certain potential conflicts of interest in its research reports published from January 2007 through March 2010.
Policies & Regulatory Compliance > News
Policies & Regulatory Compliance > News
Bank of New York Mellon Q4 net income declines
Bank of New York Mellon has reported a net income of $505m, or $0.42 per common share, for the fourth quarter of 2011, compared to $679m, or $0.54 per common share, for the same period in 2010.
Wealth & Assets Management > Asset Management > News
Wealth & Assets Management > Asset Management > News
SEC charges Florida Bank, CEO for misleading over loan risks
The Securities and Exchange Commission (SEC) has charged Florida's BankAtlantic Bancorp and its CEO Alan Levan for misleading investors about loan risks during the financial crisis in 2007 and has filed a complaint in US District Court for the Southern District of Florida.
Intermediaries > ECN & Exchanges > News
Intermediaries > ECN & Exchanges > News
Cowen Group snaps up Algorithmic Trading Management
Financial services firm Cowen Group has agreed to acquire multi-asset class algorithmic execution trading models provider Algorithmic Trading Management (ATM).
Wealth & Assets Management > Asset Management > News
Wealth & Assets Management > Asset Management > News
Euronet launches EMV debit card in Pakistan
Euronet Worldwide subsidiary Euronet Pakistan has teamed with electronic banking services provider MCB in launching the first EMV debit card in Pakistan.
Banking Services > Cards > News
Banking Services > Cards > News
Green Dot names two executive vice presidents
US-based prepaid financial services company Green Dot has named Kostas Sgoutas and Eric Duehring as new executive vice presidents.
Banking Services > Cards > News
Banking Services > Cards > News
Newton makes management changes
Newton, a London-based global asset management subsidiary of The Bank of New York Mellon, has appointed Jeff Munroe, currently chief investment officer (CIO), to lead its global equities effort.
Wealth & Assets Management > Asset Management > News
Wealth & Assets Management > Asset Management > News
First Republic Bank Q4 net income up 19%
US-based private bank First Republic Bank has reported a net income of $90.69m, or $0.68 diluted earnings per share, compared to $75.97m, or $0.60 diluted earnings per share, for the same period in 2010.
Wealth & Assets Management > Asset Management > News
Wealth & Assets Management > Asset Management > News
Serone Capital selects Principia platform for European credit investment business
Serone Capital Management has chosen Principia Partners' Software-as-a-Service (SaaS) Platform for consolidated portfolio management, risk surveillance and operational control across its European credit investment business.
Technology > Banking Technology > News
Technology > Banking Technology > News
Strategic Investment Group picks Misys Sophis VALUE asset management service
Strategic Investment Group has signed up with application software and services company Misys to use their Sophis VALUE service for cross-asset trading and global risk management.
Technology > Banking Technology > News
Technology > Banking Technology > News
Ecobank acquires Trust Bank Ghana
Pan-African Ecobank Transnational has acquired 100% stake in The Trust Bank Ghana (TTB) following approval on 9 December 2011.
Banking Services > Commercial Banking > News
Banking Services > Commercial Banking > News
Citigroup Q4 profit falls 11% to $1.17bn
Citigroup has reported a net income of $1.17bn, or $0.38 per diluted share, for the fourth quarter of 2011, compared to $1.31bn, or $0.43 per diluted share, for the same period in 2010.
Banking Services > Retail Banking > News
Banking Services > Retail Banking > News
Wells Fargo Q4 net income up 20%
Wells Fargo & Company has reported a net income of $3.89bn, or $0.73 diluted earnings per share, for the fourth quarter of 2011, compared to $3.23bn, or $0.61 diluted earnings per share, for the same perod in 2010.
Banking Services > Commercial Banking > News
Banking Services > Commercial Banking > News