UBS reports tough fourth quarter, but profits up 79% in 2015
UBS suffer tough fourth quarter due to low levels of client activity and pronounced risk aversion.
Sell-Side
Nomura investment banking sales dive in Q4 2015
Japanese bank reports significant decline in revenues in quarterly statement.
Barclays bids for broker TD Direct Investing
Barclays linked to TD Direct acquisition, according to reports.
Barclays reshuffles US derivatives leadership
Stephen Li will run the bank's US derivatives business as Michael Yarian, head of its rates trading unit, departs.
GTS acquires Barclays' market making business
The deal marks the latest pull-back from investment banking operations by Barclays.
JPM’s Dimon sees PB pricing levelling out
The bank is eyeing an aggressive growth strategy in the prime brokerage market.
ITG expands program trading team to meet Asia demand
Paul Warhurst to join team as Asian clients demand more from program trading unit.
Ex-BlackRock CIO confirmed as chairman of ITG
Minder Cheng confirmed as chair while Frank Troise, formerly of JP Morgan, announced as new CEO of agency broker.
Morgan Stanley reports modest recovery in investment banking
Morgan Stanley's investment banking business returns to profit after major litigation costs in 2014.
JP Morgan declares 11% fall in fixed income revenue
Reduction in fixed income revenue comes despite "another record year" for the bank.