Investment Banking News

1. Duff & Phelps to Issue Fourth Quarter 2011 Financial Results - Duff & Phelps Corporation , a leading independent financial advisory and investment banking firm, today announced that it will issue its financial results for the qu
2. Barclays Seen Needing Deeper Cost Cuts to Reach Profit Target - Barclays Plc, the only U.K. consumer bank not to have scrapped its profitability target amid Europe’s debt crisis, will struggle to reach the goal without cutting costs as revenue from investment banking falls, analysts said.
3. Credit Agricole – CIB Announces Three New Senior Executive Appointments - Crédit Agricole Corporate and Investment Bank, Crédit Agricole Group’s corporate and investment banking arm, today announced three new senior executive appointments.
4. Citigroup Said to Cut Bonuses in Investment Bank By About 30% - Citigroup Inc., the third-biggest U.S. lender by assets, cut 2011 bonuses in its investment banking division by about 30 percent on average amid slumping revenue, according to a person briefed on the matter.
5. Macquarie Warns of 25% Profit Tumble, Shares Fall - Macquarie Group , Australia's top investment bank, tipped a 25 percent drop in net profit for the year, double the fall analysts were expecting, as weak markets hit its trading and investment banking businesses.
6. Macquarie Full-Year Profit to Drop 25% as Capital, Securities Outlook Cut - Macquarie Group Ltd., Australia’s biggest investment bank, said full-year earnings will fall about 25 percent as it cut the outlook for its securities trading and investment banking businesses.
7. Deutsche Bank's investment banking takes a beating - Germany's biggest bank reported a strong rise in overall profits for 2011, but business cooled markedly in the fourth quarter. The end of year dip has tarnished the record of outgoing Deutsche Bank chief Ackermann.
8. Commercial lending set to lead the way for local banks - SINGAPORE: Commercial lending may be the saviour of bank profits this year, as investment banking continues to struggle. As such, Singapore lenders are benefiting.
9. Macquarie tips big drop in annual profit - Macquarie Group expects annual profit to drop by a bigger-than-expected 25% as weak markets hit its trading and investment banking businesses.
10. John Thomas Financial Expands Investment Banking Division - NEW YORK, NY-- - John Thomas Financial , a full service independent broker/dealer and investment-banking firm located in New York City's Financial District, today announced the appointment of Avi Mirman ...

Other Business news

1. Greek leaders face crunch talks, unions strike - Reuters -

   CBC.ca

   Greek leaders face crunch talks, unions strike Reuters By Lefteris Papadimas and Renee Maltezou | ATHENS (Reuters) - Greek leaders face crunch talks on Tuesday to agree on unpopular reforms to secure a 130-billion-euro ($170 billion) bailout and avert a chaotic debt default which could threaten its future ... China Stocks Fall on Economy Concern; Euro Weakens on GreeceBusinessWeek Debt crisis and Greek debt talks: liveTelegraph.co.uk Greece agrees to cut 15000 civil service jobsDetroit Free Press Boston.com -Bloomberg all 2,151 news articles »

2. Asia stocks fall as Greek debt talks drag on - Economic Times -

   Los Angeles Times

   Asia stocks fall as Greek debt talks drag on Economic Times Asian stock markets fell Tuesday as talks dragged on to resolve a massive debt mess in Greece before it explodes into a wider financial crisis. Benchmark oil hovered below $97 per barrel while the dollar rose against the euro and the yen. Japanese Stock Futures Little Changed on Greek Debt StalemateBusinessWeek Japanese Futures, Australian Stocks Little Changed on Greek Debt StalemateBloomberg all 1,200 news articles »

3. Toyota lifts profit forecast as disaster woes fade - The Associated Press -

   New York Daily News

   Toyota lifts profit forecast as disaster woes fade The Associated Press TOKYO (AP) — Toyota's quarterly profit slid 13.5 percent on production setbacks caused by last year's tsunami disaster and the flooding in Thailand, but Japan's top automaker raised its annual profit forecast, saying a recovery is on track. Toyota's quarterly profit falls but outlook risesMarketWatch Toyota Sales Lift Full-Year Profit ForecastBloomberg Toyota Raises Full-Year Profit Forecast on Sales RecoveryBusinessWeek Reuters -Washington Post -Wall Street Journal all 171 news articles »

4. UBS Reports 76% Drop in Quarterly Profit - Bloomberg -

   Bloomberg

   UBS Reports 76% Drop in Quarterly Profit Bloomberg Enlarge image UBS Reports 76% Drop in Quarterly Profit UBS Reports 76% Drop in Quarterly Profit Chris Ratcliffe/Bloomberg A tram passes the headquarters of UBS AG bank in Zurich, Switzerland. UBS AG (UBSN), Switzerland's biggest bank, ... UBS Posts 76% Drop in Quarterly Profit, Investment Bank LossBusinessWeek UBS posts fourth-quarter earnings drop to 393 million francs, after rogue ...Washington Post UBS Net Profit Falls, Bank Cautious On OutlookWall Street Journal Reuters -BBC News all 53 news articles »

5. Coinstar Soars on Profit, Buyout of NCR Unit: Los Angeles Mover - BusinessWeek -

   New York Daily News

   Coinstar Soars on Profit, Buyout of NCR Unit: Los Angeles Mover BusinessWeek By Michael White Feb. 7 (Bloomberg) -- Coinstar Inc., owner of the Redbox movie-rental kiosks, rose as much as 17 percent in extended trading yesterday after reporting profit soared and plans to buy the competing DVD service operated by NCR Corp. Redbox and Verizon to create streaming movie serviceLos Angeles Times Verizon, Redbox take aim at NetflixThe Register-Guard Verizon to set up streaming service with RedboxSoutheast Missourian Wall Street Journal -Reuters all 938 news articles »

6. Banks See Paying Bonus to Troubled Homeowners Beats Foreclosure: Mortgages - Bloomberg -

   The Guardian

   Banks See Paying Bonus to Troubled Homeowners Beats Foreclosure: Mortgages Bloomberg Banks, accelerating efforts to move troubled mortgages off their books, are offering as much as $35000 or more in cash to delinquent homeowners to sell their properties for less than they owe. Lenders have routinely delayed or blocked such transactions ... California not among states that OK bank settlementLos Angeles Times California, N.Y. Are Among Fewer Than 10 Mortgage Deal HoldoutsSan Francisco Chronicle Key States Move Closer to Foreclosure-Abuse DealABC News Reuters all 486 news articles »

7. The $100 Million Giveback - Wall Street Journal -

   Wall Street Journal

   The $100 Million Giveback Wall Street Journal Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit ... Under fire, oil exec gives up $100 million severance payHouston Chronicle US CEO gives up $100mn payoutAFP Nabors Former CEO Forfeits $100 Million, Resigns as ChairmanSan Francisco Chronicle GlobalPost -Reuters -Fox Business all 55 news articles »

8. Brent steady near $116 on cold snap, Iran sanctions - Reuters -

   The Guardian

   Brent steady near $116 on cold snap, Iran sanctions Reuters * Greece wrangling tempers recovery of risky assets * Brent may rise to $118.65/bbl -technicals * Coming Up: Germany Industrial output for Dec; 1100 GMT (Adds US inventory poll, Nigeria unrest, updates prices) By Manash Goswami SINGAPORE, ... Oil Gives Up Earlier Gain, Trades Little Changed Before U.S. Supply ReportBloomberg Oil hovers below $97 as traders eye US suppliesBoston.com all 748 news articles »

9. Fisker lays off workers - Detroit Free Press -

   ABC News

   Fisker lays off workers Detroit Free Press Fisker Automotive, an electric carmaker that received a half-billion-dollar loan from the federal government and millions more from Delaware economic development officials, said it has laid off workers in Delaware and California. Fisker Stops Work on Delaware Car Factory After USBusinessWeek Fisker lays off 26, renegotiates fed loanThe Detroit News U.S. loan on hold, Fisker electric-car plant stallsSan Francisco Chronicle The Associated Press -CNN -Bloomberg all 142 news articles »

10. Yum Profit Leaps On China Growth - Wall Street Journal -

    Wall Street Journal

    Yum Profit Leaps On China Growth Wall Street Journal By BEN FOX RUBIN Yum Brands Inc.'s fourth-quarter net income rose 30% as the fast-food company's sales in China continued to grow and US sales improved. Shares were up 2.4% to $64.71 in after-hours trading Monday as Yum's earnings and revenue beat ... Yum Brands' 4th-quarter profit up 30%San Francisco Chronicle RPT-Local firms vie for Yum's slice of the China marketReuters Yum Brands profit soars 30% largely from Chinese expansionLos Angeles Times Washington Post -The Associated Press -Fox Business all 211 news articles »