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investment bank

Wells Fargo CEO sees $1 billion opportunity in growing investment bank

NEW YORK: Wells Fargo & Co’s Chief Executive Officer Charlie Scharf said Wednesday he wants to grow Wells’...

Published 01 Jun, 2022 08:53pm

Markets

Barclays annual profit nearly trebles as bad loans ebb

LONDON: Barclays reported its annual profit nearly trebled as bad loan charges plunged and its investment bank...

Published 23 Feb, 2022 12:18pm

Business & Finance

Goldman Sachs thrives on global dealmaking frenzy to post bumper profit

Net earnings applicable to common shareholders rose to $5.28 billion in the quarter ended Sept. 30

Updated 15 Oct, 2021 06:16pm

Markets

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DEC 2020)

KARACHI: Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and ...

Published 19 Jul, 2021 06:17am

Business & Finance

Goldman Sachs rides global dealmaking boom to smash profit estimates

Deals worth $1.5 trillion were announced in the three months to June 30, more than any second quarter on record and up 13% from the record first quarter of the year, according to Refinitiv data.

Published 13 Jul, 2021 05:57pm

Markets

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DEC 2020)

KARACHI: Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and ...

Published 12 Jul, 2021 05:26am

World

Morgan Stanley closing Indonesian onshore equities business

HONG KONG/SINGAPORE: Morgan Stanley is closing its Indonesian onshore institutional equities trading business, the...

Published 31 May, 2021 03:12am

Business & Finance

Goldman readies US workers for return to offices in June

The bank is planning to tell employees to be prepared to start working from offices by mid-June, the report said, citing people with knowledge of the matter.
Wells Fargo & Co said in March it would start bringing workers back to its offices after Labor Day, while JPMorgan Chase & Co said last week it was targeting workers' return to office on a rotational basis from July.

Published 04 May, 2021 05:45pm

Business & Finance

Lazard first-quarter profit misses estimate as expenses weigh

The bank reported an adjusted net income of $101 million, or 87 cents per share, missing Street estimates of 89 cents per share, according to IBES data from Refinitiv.
- Global M&A activity posted a year-to-date record in the first quarter this year, helped by a boom in the stock markets and the Federal Reserve's commitment to keep monetary policy loose.

Published 30 Apr, 2021 05:15pm

Markets

Deutsche Bank posts best quarterly performance since 2014

It said first-quarter profits were 908 million euros ($1.10 billion). Global revenues.

Published 28 Apr, 2021 10:55am

Business & Finance

British fintech Revolut on path to $10 bln valuation with new funding

The London-based financial technology startup is lining up FT Partners, a US-based fintech-focused investment bank, as its adviser on the new funding, which is expected to take place after the summer, the report added.
The company, which raised $500 million in a funding round at a valuation of $5.5 billion in early 2020, has established a presence in more than 35 countries.

Published 17 Apr, 2021 05:43pm

Technology

Chinese grocery app Dingdong Maicai raises $700mn in latest funding round

The startup will use the funds to expand into new areas and improve supply chains, the bank said.
Dingdong Maicai - Chinese for "Dingdong buy vegetables" - was established in 2017 in Shanghai and is backed by venture capitalist Sequoia Capital China.

Published 06 Apr, 2021 10:13am

Business & Finance

Deutsche Bank CEO gives up oversight of investment bank in revamp

The move is likely to reassure regulators, who worried that Sewing has too much on his plate, potentially leaving the investment bank open to operational hazards.
Germany's biggest bank was one of the few major banks in the world to assign day-to-day oversight of investment banking to its chief executive. At most banks, other board members oversee the division.

Published 29 Mar, 2021 06:30pm

Opinion

Goldman Sachs dustup hits nerve as pandemic blurs work-life line

A revolt by junior Goldman Sachs’ bankers over work weeks that can stretch to as long as 105 hours has inspired...

Published 29 Mar, 2021 06:05am

Business & Finance

Citi hires Goldman's chief diversity officer

Brown joins Citi as its chief diversity, equity and inclusion officer from Goldman Sachs, where she had led that bank's diversity and inclusion efforts since mid-2018. Brown previously worked at Bloomberg in the same role.
Goldman named Megan Hogan to replace Brown, according to a memo sent to staff and seen by Reuters.

Published 26 Mar, 2021 08:12pm

Markets

Deutsche Bank CEO willing to give up investment bank oversight role

A spokesman for the bank declined to comment.

Published 26 Mar, 2021 12:17pm

Business & Finance

Goldman CEO to junior bankers: we are giving you more resources

Last week, Reuters reported that a group of junior bankers in Goldman's investment bank told senior management that they were working nearly 100-hours a week and sleeping just 5 hours a night to keep up with record-setting demand from clients.

Published 22 Mar, 2021 08:47pm

World

Euro zone inflation could exceed forecasts this year: De Guindos

Growth on the other hand could fall short of projections in the first quarter due to widespread pandemic-related restrictions, even if full-year activity is still seen in line with the bank's 3.9% projection made in December, de Guindos said in a webinar with investment bank Berenberg.

Updated 03 Mar, 2021 08:45pm

Opinion

The same old tale told repetitively

We are back at the so-called ‘concessional’ window of the lender of the last resort. But then, the International...

Published 24 Feb, 2021 05:24am

Business & Finance

UBS investment bank co-chief Novelli to join Euronext as chairman

Karofksy to be sole president of UBS investment bank.
Co-head Novelli set to become chairman of Euronext.

Published 15 Feb, 2021 07:17pm

Business & Finance

Record $58.1bn pours into global equity funds: BofA

LONDON: A record $58.1 billion poured into global equity funds over the past week as investors pulled money out of...

Published 15 Feb, 2021 04:53am

Markets

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DEC 2020)

KARACHI: Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and ...

Published 08 Feb, 2021 03:46am

Business & Finance

Lazard 4th-quarter profit more than doubles as M&A activity surges

Lazard, whose business is split between asset management and financial advisory, reported adjusted net income of $192 million, or $1.66 per share.
Generally speaking it was a very strong M&A market both in the third and fourth quarter. I think the year is off to a pretty strong start across the board.

Published 05 Feb, 2021 07:19pm

Business & Finance

Goldman Sachs 4Q profits surge to $4.4bn

NEW YORK: Goldman Sachs said Tuesday the firm’s fourth-quarter profits more than doubled on a strong performance...

Published 20 Jan, 2021 04:29am

Business & Finance

Gary Cohn giving to charity to resolve Goldman 1MDB impasse

Bloomberg News reported Thursday that Goldman had sought more than $10 million in back compensation from Cohn, but it was not clear if he planned to donate that entire sum.

Published 11 Dec, 2020 09:52am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Aug 14 786 Investments Limited(786)	4.91 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Aug 14 Al-Abbas Sugar Mills Limited(AABS)	290.00 ▼ 0.00 (0.00%)
Agro Allianz / Aug 14 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Aug 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Aug 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Aug 14 Allied Bank Limited(ABL)	69.85 ▼ 0.00 (0.00%)
Abbott Lab. / Aug 14 Abbott Laboratories (Pakistan) Limited(ABOT)	622.22 ▼ 0.00 (0.00%)
Abson Ind. / Aug 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Aug 14 Alfalah Consumer Index ETF.(ACIETF)	8.00 ▼ 0.00 (0.00%)
Attock Cement / Aug 14 Attock Cement Pakistan Limited(ACPL)	75.88 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Aug 14 786 Investments Limited(786)	4.91 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Aug 14 Al-Abbas Sugar Mills Limited(AABS)	290.00 ▼ 0.00 (0.00%)
Agro Allianz / Aug 14 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / Aug 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Aug 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Aug 14 Allied Bank Limited(ABL)	69.85 ▼ 0.00 (0.00%)
Abbott Lab. / Aug 14 Abbott Laboratories (Pakistan) Limited(ABOT)	622.22 ▼ 0.00 (0.00%)
Abson Ind. / Aug 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Aug 14 Alfalah Consumer Index ETF.(ACIETF)	8.00 ▼ 0.00 (0.00%)
Attock Cement / Aug 14 Attock Cement Pakistan Limited(ACPL)	75.88 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 12	216.50
USD PKR Interbank Buying / Aug 12	215.50
USD to Japanese Yen / Aug 12	133.42
USD to Swiss Franc / Aug 12	0.94
Pound Sterling to USD / Aug 12	1.21
Euro to USD / Aug 12	1.03
UK LIBOR % / Aug 12	2.32

Stock	Volume
S&P 500 / Aug 12	4280.15
India Sensex / Aug 12	59462.78
Tokyo Nikkei / Aug 12	28546.98
Nasdaq / Aug 12	13047.19
Hang Seng / Aug 12	20175.62
FTSE 100 / Aug 12	7500.89
Dow Jones / Aug 12	33761.05
Germany DAX 30 / Aug 12	13795.85
France CAC40 / Aug 12	6553.86

Item	Value
Crude Oil USD/Barrel / Aug 12	92.09
Karachi Cotton PKR/37.32 KG / Aug 12	17735.00
Gold 10 Grams PKR / Aug 12	129600.00
Gold Spot USD/Ounce / Aug 12	1802.40
Cotton US¢/pound / Aug 12	108.59

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