Kepler Cheuvreux signs research agreement with US broker
Kepler Cheuvreux and Piper Jaffray partnership will see equity research distributed throughout Europe and the US.
Sell-Side
Barclays celebrates bumper fixed income revenue
Barclays is the latest to report a surge in fixed income activity, driving revenues across its markets business.
Fixed income drives trading revenues at HSBC
HSBC’s global markets business reported equities revenues fell in 2016, but sales across fixed income products soared.
Credit Suisse rethinks derivatives strategy
Credit Suisse has cut its bilateral derivatives trade count by more than half.
Morgan Stanley fined $8 million for ETF trading failures
The SEC found Morgan Stanley failed to inform investors of risks related to the trading of inverse ETFs.
Credit Suisse plans more than 5,500 job cuts after quarterly loss
Litigation costs at the bank reached CHF 2.4 billion in 2016 following the settlement with the US Department of Justice.
Wall Street layoffs see sharp slow down in 2017
Despite a dramatic drop in job cuts, hiring at US financial firms remained flat in January this year.
Deutsche Bank to close US OTC clearing business
The bank's exit could stoke further fears of consolidation in the swaps clearing market, with over half of all business concentrated with the top three dealers.
Soc Gen sees fixed income trading boom
Fixed income, currencies and commodities income surged 16% in 2016.
Deutsche Bank scales back equities and fixed income staff
17% of equities and 6% of fixed income staff will be cut from the bank globally.