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Apr 18, 2018

Reuters Money | Goldman outpaces peers in debt underwriting, bond trading, April 18,2018.


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Reuters Money

 

Goldman outpaces peers in debt underwriting, bond trading

NEW YORK (Reuters) - Goldman Sachs Group Inc on Tuesday reported a year-on-year jump in debt underwriting revenue after working on financing for big M&A deals that some peers missed out on.

Credit Suisse says activist investor RBR no longer registered shareholder

ZURICH (Reuters) - Activist investor Rudolf Bohli and his RBR Capital Advisors no longer own any registered shares in Credit Suisse, the Swiss bank said on Wednesday.

Martin Whitman, founder of Third Avenue Management, dies at 93

NEW YORK (Reuters) - Martin J. Whitman, the founder of New York-based investment firm Third Avenue Management and known for his "safe and cheap" value-investing strategy, died Monday evening at 93, the firm announced on Tuesday.

Wells Fargo loses steam in commercial lending as rivals pounce

NEW YORK (Reuters) - Wells Fargo & Co's two biggest competitors have been nabbing market share in lending to commercial and industrial customers in the American heartland, a sign of how difficult it has become for the scandal-tarnished bank to defend its position against rivals.

Exclusive: BlackRock's biggest stock-picking fund likes Facebook shares

NEW YORK (Reuters) - The biggest stock-picking fund at BlackRock Inc raised its bet on Facebook Inc in March, a source familiar with the matter said, making the social media company a top 10 equity holding and apparently betting that Facebook's privacy scandal will not weigh on the stock for long.

Battle over board seats at Destination Maternity heats up

BOSTON (Reuters) - One of Destination Maternity Corp'slargest investors on Monday accused the retailer of "governance shenanigans" and asked it to clarify exactly how many directors will be elected at the annual meeting, a regulatory filing shows.

Big activist investors have first-quarter losses while small counterparts thrive

BOSTON (Reuters) - Well known U.S. activist investors including Nelson Peltz and William Ackman took a hit from the first-quarter U.S. stock market slump, with their funds losing money while some smaller players delivered gains.

Carl Icahn sells Tropicana casinos in $1.85 billion deal

(Reuters) - Billionaire investor Carl Icahn is cashing out of casino business Tropicana Entertainment in a $1.85 billion deal that will see Eldorado Resorts picking up Tropicana's casino operations including its crown jewel in Atlantic City.

Exclusive: Investor Gatemore pushes for break-up of logistics firm Wincanton

LONDON (Reuters) - Gatemore Capital Management has built a stake in Wincanton and called on the British logistics company to break itself up by selling one of its two divisions, according to a letter sent by Gatemore to its own investors.

Goldman Sachs buys personal finance start-up Clarity Money

NEW YORK (Reuters) - Goldman Sachs Group Inc bought Clarity Money, a personal finance startup, to bolster its Marcus online lending business, it said Sunday.