equity

JP Morgan gives its preference to traditional credit-exposed banks

September 9, 2009 - 8:49am | Banks and internet banks | News

JP Morgan changed its preference to traditional, credit-exposed banks from investment banks after regulators pledged to toughen capital rules for financial institutions, Reuters reported Wednesday, quoting research by the bank.

Profitability for investment banks will likely fall by nearly a third over the long term because of the new measures, the Financial Times quoted a report by JP Morgan as saying.

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Gold stays near $1,000 level

September 7, 2009 - 1:30am | Markets | News

On Monday gold futures slid down a little but still they kept close to $1,000 level which was linked to weaker dollar and fears about inflation.

Gold prices were largely unchanged, after the U.S. Labor Department reported on Friday that closely watched nonfarm payrolls for August showed the smallest decline in a year. The unemployment rate jumped to a 26-year high of 9.7 percent.

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JP Morgan executive expects the crisis will be a lesson for companies

July 31, 2009 - 8:59am | Analytics | News

According to daily Frankfurter Allgemeine Zeitung, head of JP Morgan`s German business Karl-Georg Altenburg said that he expects companies to draw important lesson from the financial crisis and aim for a stronger capital base in the longer term.

Altenburg said in an interview that equity is expected to increase 200-300 billion euros ($282-423 billion) in Europe this year. Besides, he added that there was enough liquidity in the market. The volume of U.S. money market funds had more than doubled.

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Morgan Stanley raising its common equity by $2.2 billion

June 3, 2009 - 6:56am | Investment industry | News

Morgan Stanley, global financial services firm and a market leader in securities, asset management and credit services, declared on Tuesday about its plans to raise $2.2 billion in its common equity in order to be closer to repaying its TARP loans.

As bank holding company said by selling shares it would be easier to satisfy the criteria for repaying the $10 billion it borrowed under the U.S.

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NYSE Arca Europe joins BATS Europe, Chi-X Europe, NASDAQ OMX Europe and Turquois

April 29, 2009 - 7:25am | Markets | News

Launched by NYSE Euronext NYSE Arca Europe, a new pan-European Multilateral Trading Facility, providing customers with low-cost, high-speed access to the most liquid European stocks from eleven countries, on Wednesday announced about its membership of an industry working group to standardize a uniform European equities symbology.

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General Motors will quickly go bankrupt to quickly buy its best assets

April 13, 2009 - 5:25am | News | Other themes

According to the New York Times Sunday report, despite General Motors’ public contention that it could still reorganize outside court the U.S. Treasury is directing GM's Corp. to lay the groundwork for a bankruptcy filing by a June 1 deadline.

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