#moneybeat

Morning MoneyBeat Asia: US Stocks Rebound Despite Weak Jobs Gains

Morning MoneyBeat Asia: US Stocks Rebound Despite Weak Jobs Gains Coming Up: With a public holiday in several Australian states Monday, market watchers are looking ahead to a flurry of economic indicators due Tuesday. Tourist arrival and departure numbers, international trade data and weekly consumer confidence are … Read more on Wall Street Journal (blog)

New Post has been published on http://www.newsfrombanks.com/moneybeat-europe-banks-retreat.html

MoneyBeat: Europe Banks Retreat

By

Sarah Krouse

April 5, 2015 9:41 p.m. ET

30%

The percentage of global investment banking revenue for which European banks accounted in the first quarter, the lowest first-quarter level on record

European investment banks continued to lose ground to their U.S. rivals in the first quarter.

European banks captured just 30% of global investment-banking revenue during the first three months of the year, the lowest first-quarter level on record, according to Dealogic. Meanwhile, their U.S. competitors grabbed half of all global investment-banking fees during the period, the highest first-quarter share since 2002.

Investment-banking revenue includes the fees paid for advice on M&A, debt and equity underwriting and syndicated loans.

Due to higher capital requirements and weak economic conditions, among other reasons, Europe’s largest banks have trimmed their investment banking activities during the past few years. That has allowed U.S. firms to swoop in and grab market share. In the first quarter, U.S. banks grabbed the top five spots in Dealogic’s ranking of global investment-banking revenue for the first time since 2006. More telling, European banks captured 59% of fees from Europe, the lowest first-quarter share since 2002. U.S. banks, meanwhile, raked in 36% of investment-banking revenue generated in Europe, and grabbed five of the top six spots in the European rankings.

VIDEO: Puzzle Forms in Morgan Stanley Data Breach

Last summer, a newly minted Morgan Stanley financial adviser named Galen Marsh started to sift through the account records of 350,000 of the firm’s clients. Virtually none of them were his own. Justin Baer explains on MoneyBeat. Photo: Getty.

(more…)

New Post has been published on http://1push.com.ng/video-puzzle-forms-in-morgan-stanley-data-breach/

VIDEO: Puzzle Forms in Morgan Stanley Data Breach

Last summer, a newly minted Morgan Stanley financial adviser named Galen Marsh started to sift through the account records of 350,000 of the firm’s clients. Virtually none of them were his own. Justin Baer explains on MoneyBeat. Photo: Getty.

[grabpress_video guid=dcc0f3efb2638d429401729297a3436f8aa70ac7 embed_id=2167541]

Thanks for checking us out. Please take a look at the rest of our videos and articles.

VIDEO: Rex Ryan All but Expects to Be Fired by Jets

Back in October, when the New York Jets were 1-5, head coach Rex Ryan said that if he couldn’t get the team turned around, he didn’t “think for a minute I’ll be here.” On Tuesday, after another bad loss, he said, “my thoughts haven’t changed.” Stu Woo joins MoneyBeat. Photo: EPA.

(more…)

VIDEO: Battling the Cyber Monday Attention Deficit

Dyn chief revenue officer Kyle York explains how businesses can make the most out of Cyber Monday. Photo: Getty.

(more…)