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Investment banks

JPMorgan Chase & Co

JPMorgan ceases work on Chinese IPO candidate as US regulators investigate hiring practices- sources

JPMorgan Chase & Co has stopped working on the planned initial public offering of Chinese firm Tianhe Chemicals as US regulators continue its probe of the bank's hiring practices in China, Reuters reported.

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Johannesburg Stock Exchange

As private equity buyers exit investments, Goldman Sachs sees wave of South African listings

Goldman Sachs Group Inc is predicting a flood of initial public offerings to be held in South Africa as private equity buyers divest their investments, Bloomberg reported.

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JP Turner & Company

New York's RCS Capital agrees to purchase JP Turner

New York, US-based public holding company RCS Capital Corp entered a deal to buy Atlanta, Georgia-based investment banking firm JP Turner & Company for an undisclosed sum.

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Bitcoin ATM in Vancouver

Canada reject Bitcoin as legal tender

The Canadian government has finally broken its silence about the Bitcoin, rejecting the digital currency as legal tender in the country, The Wall Street Journal blog Canada Real Time reported.

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Bank of America Merrill Lynch

New York Attorney General pursues case without damages claim on BofA's Merrill Lynch acquisition

The Office of the New York Attorney General will continue with the lawsuit without claim to damages it lodged against Bank of America over its 2009 purchase of Merrill Lynch, Bloomberg reported.

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New York Attorney General Eric Schneiderman

Financial wrongdoing target for New York Attorney General

The Criminal Prosecutions Bureau has been expanded by New York Attorney General Eric Schneiderman to the Criminal Enforcement and Financial Crimes Bureau to focus on financial wrongdoing, Bloomberg reported.

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Trader

Young investment bankers overworked and facing worsening working conditions - survey

Survey shows that there is little effort seen to improve the working conditions of junior investment bankers despite the death of an intern at Bank of America Merrill Lynch intern last summer, the Financial Times.

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UBS AG

UBS AG to increase yearly bonus payments to Asian investment bankers- sources

UBS AG is bolstering the annual bonus payments it provides to its investment bankers in Asia by about 10%, according to sources interviewed by Bloomberg.

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The company logo of the Bank of America and Merrill Lynch

For the first time since Merrill Lynch acquisition, BofA exceeds JPMorgan Chase in investment banking fees

As far as investment banking fees go, Bank of America outperformed JPMorgan Chase & Co since it acquired Merrill Lynch & Co in 2008, Bloomberg reported.

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 Bullet Trains

China CNR Corp chooses three lenders for Hong Kong share sale- sources

Train manufacturer China CNR Corp has chosen China International Capital Corp, Macquarie Group Ltd and UBS AG for its share offering in Hong Kong, according to sources interviewed by Bloomberg.

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Centerview Partners

Investment banks to split $90M fees for advising acquisition of Beam Inc by Suntory Holdings

Centerview Partners is set to split fees reaching $90 million with two other banks involved in the transaction between Beam Inc and Suntory Holdings Ltd, Bloomberg reported.

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Volusion

Volusion raises $35M in debt financing from Silicon Valley Bank

Volusion was able to obtain a 35 million credit facility from Silicon Valley Bank, the first external funding the ecommerce firm received since it was established in 1999.

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Sergio Ermotti

UBS AG's Ermotti denies spinoff of investment banking operations

UBS AG Chief Executive Officer Sergio Ermotti belied rumors that the biggest lender in Switzerland will be spinning off its investment banking business, Bloomberg reported.

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Goldman Sachs

Banks increasingly reliant on growing equity markets

Banks are growing more reliant on the growing market for equities as they get nearly half of their fourth quarter investment banking revenues from equity trading and underwriting, the Financial Times reported.

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Ken Moelis

Moelis & Co planning public debut--source

Investment bank Moelis & Co founded by Wall Street dealmaker Ken Moelis is planning an IPO together with Goldman Sachs Group Inc and others.

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