Citigroup to Close Prop Trading Desk

PRAKASH SINGH, Getty Images

The bank is shutting its equity principal strategies desk, which made trades using the firm’s own capital, the firm announced in an internal memo on Friday. Most of the desk’s employees will leave Citigroup after Feb. 6, according to the memo. Citigroup ...

Jan 27 2012, 3:44pm CST

Full article at: Dealbook

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Hedge funds re-enter market as M&A activity picks

0 Comments Tweet Share Digg Yahoo! Buzz MySpace del.icio.us Reddit LinkedIn Fark StumbleUpon Newsvine new Portfolio Relevance LEARN MORE Want to see how this story relates to your portfolio? Just add items to create a portfolio now: X Add United Parcel S ...
Full article at: MarketWatch  More like this  39 minutes ago

G20 plots course on reining in "shadow banks"

* Ministers to receive update on domestic "SIFIs" * Reducing reliance on credit ratings to be discussed LONDON, Feb 22 (Reuters) - Policymakers from the world's top economies meet this weekend in Mexico City to begin finding common ground to tackle the w ...
Full article at: Reuters.co.uk  More like this  1 hour ago

DEALWATCH: Hedge Funds Re-Enter Market As M&A Activity Picks Up

LONDON – Hedge funds look set to take center stage as European merger-and-acquisition activity starts to pick up after a long drought and as bets on winning prices and bidders trigger dramatic rises in the stock price of target companies. Just Monday, sh ...
Full article at: FOX Business  More like this  2 hours ago

Citi Plans 3rd Debt Sale With 2012 Goal of $20B

Citigroup Inc. (C) is offering three- year notes in its third bond sale this year as the bank, facing maturities from a 2008 emergency credit program, plans to raise as much as $20 billion in capital markets during 2012. The third-biggest U.S. bank by as ...
Full article at: Bloomberg.com  More like this  3 hours ago

EU banks expert group to consider UK, U.S. curbs

LONDON (Reuters) - The expert group set up by the European Union's executive to see how banks could be made safer will study whether scale and activity limits planned by Britain and the United States should be applied across the 27-nation bloc. "The grou ...
Full article at: Reuters Mobile  More like this  3 hours ago

ECB cash glut may not free up euro zone lending

* Interbank lending limited to select group of banks * ECB cash injections may not dramatically widen pool * Banks still struggling to deleverage LONDON, Feb 22 (Reuters) - A flood of European Central Bank cash may not be sufficient to unblock market fun ...
Full article at: Reuters  More like this  5 hours ago

Morning Take-Out

February 22, 2012, 8:38 am By WILLIAM ALDEN Greek Crisis Raises New Fears Over Credit-Default Swaps | Greece’s debt restructuring is dragging credit-default swaps back into the spotlight. The last time this financial instrument was on the global stage wa ...
Full article at: The New York Times  More like this  7 hours ago

The last time the Dow crossed 13,000...

The US benchmark index traded above 13,000 for the first time in almost four years on Tuesday around noon. It closed slightly below that point at 12,965.69. On May 20, 2008 – the last time the Dow traded above 13,000 – Lehman Brothers was in the process ...
Full article at: Financial News  More like this  8 hours ago

Chinese, Texan and classic on hedge fund menu

(Reuters) - From classic to Chinese or even Texan, hedge funds are deploying a variety of trading strategies this year to make the most of sizeable deals, including Glencore and Roche, after a freeze in deal-making dented their returns during the second ...
Full article at: Reuters Mobile  More like this  9 hours ago

Aimed at banks, Volcker Rule hits unlikely targets

(Reuters) - Some public agencies that rely on the municipal bond market for financing fear that a landmark financial reform rule will cripple their ability to sell bonds and make it more expensive to raise money for crucial services. The Volcker Rule was ...
Full article at: Reuters  More like this  9 hours ago

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