Tag:
fixed income
Latest Headlines
Latest Headlines
Goldman Sachs bullish on Morgan Stanley
Morgan Stanley CEO James Gorman made news in February when he revealed that a critical goal for the bank was to boost bank's market share in fixed-income trading to roughly 8 percent, compared with the JP Morgan's market leading 15 percent share.
But Gorman would like to boost market share
The rise of bond ETFs
The whole idea of a fixed income ETFs seemed so novel just five years ago. But that has changed with a passion and we may be stepping into a golden era for these ETFs
Investment News notes data that shows passive bond funds won 39 percent of all new funds flowing into bond strategies so fa
Gundlach trail end with mixed verdict
The normally genteel world of mutual funds was shaken by the courtroom showdown pitting star fixed income manager Jeffrey Gundlach against his former employer Trust Company of the West.
The decision Friday allows both sides to claim victory. Gundlach and three other co-defendants were awarded
Gundlach rebuts accusations in court
As we've noted, a riveting trial is underway in Los Angeles, pitting famed fixed-income guru Jeffrey Gundlach against his old employer, the Trust Company of the West (TCW).
Gundlach took the stand in his own defense Monday, prepared to rebut the allegation that he stole trade secrets in the fo
Goldman Sachs, Morgan Stanley polar opposites on VAR
Morgan Stanley's average VAR in the second quarter rose to $145 million from $121 million in the first quarter, a 20 percent bump. Meanwhile, Goldman Sachs was moving in the opposite direction, reducing the amount it was willing to risk in the face of global economic uncertainty.
The gilded ba
Morgan Stanley fixed-income efforts flagging?
Morgan Stanley CEO James Gorman in February set a goal of boosting the bank's market share in fixed-income trading by two percentage points to roughly 8 percent. That compares with JP Morgan's 15 percent share. Citigroup, Barclays and Goldman Sachs each had more than 13 percent.
Unfortunately,
JPMorgan Chase earnings sets good tone
We suggested previously that the stage was set for some upside surprises when it comes to big bank earnings. JPMorgan Chase ended up soundly beating analysts' estimates when it announced a second-quarter profit of $5.4 billion, or $1.28 a share, easily beating the average estimates of $1.21 a shar
Morgan Stanley inflation trade blows up
Morgan Stanley ( NYSE:MS ) set some ambitious targets for its fixed income group, which sorely lags Goldman Sachs.
CEO James Gorman has made it a top priority to boost market share 2 percent this year. To that end he hired some up-and-comers, including Glenn Hadden, who boarded from Goldman
JPMorgan poised to become the King of Trading
So who will rule the roost when it comes to FICC-type trading?
We're all accustomed to having Goldman Sachs at the top of the industry, where it has lodged itself the last few years. But JPMorgan has vowed to get competitive in this market, and it now looms as powerful competition. T
Citigroup revenues continue to plunge
Citigroup ( NYSE: C ) beat analysts' estimates by a thin margin for the first quarter of 2011, reporting 10 cents a share. But there's plenty of reason for concern. The profit mainly reflected the release of funds previously set aside to cover bad debts; the banks released $3.37 billion in the q
