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Ex-Barclays Chief To Head Wall Street Firm

Former Barclays and DTZ exec Paul Idzik is expected to be named new boss of Nasdaq-listed brokerage E*Trade, Sky News understands.

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Found more than 1 month ago on channel Sky News

Barclays may cut up to 2,000 investment banking jobs: WSJ

Barclays Plc plans to cut as many as 2,000 jobs in its investment bank as part of a broad restructuring of the company, the Wall Street Journal reported, citing people familiar with the British bank's plans.

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Found more than 1 month ago on channel Reuters

Who’s Better for Markets: Romney or Obama?

There’s a growing bit of conventional wisdom that says that if Mitt Romney is elected, the stock market will soar, and if President Obama gets another term, we’ll enter a bear market. Romney said as much himself to a group of $50,000-a-plate supporters during his infamous 47% dinner talk. But does historical evidence support this claim? In a word, no. Sure, there are plenty of investors who believe that the markets would favor a Romney victory. A recent Barclays survey of institutional investors, hedge-fund managers and corporate executives found that most thought that stock markets would rally more, and longer, under a President Romney, though their enthusiasm was muted by worries over a more hawkish Fed (Romney has hinted that he’d like a Fed head that would tighten the money spigots) and protectionism. (Romney may score campaign points by talking tough about China, but no corporate leader wants to risk a trade war, or even a trade skirmish, with the Middle Kingdom, which has been ...

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Found more than 1 month ago on channel TIME Business

Who’s Better For Markets: Romney or Obama?

There’s a growing bit of conventional wisdom that says that if Mitt Romney is elected, the stock market will soar, and if President Obama gets another term, we’ll enter a bear market. Romney said as much himself to a group of $50K a plate supporters during his infamous 47% dinner talk. But does historical evidence support this claim? In a word, no. Sure, there are plenty of investors who believe that the markets would favor a Romney victory. A recent Barclays survey of institutional investors, hedge fund managers, and corporate executives found that most believed that stock markets would rally more, and longer, under a President Romney, though their enthusiasm was muted by worries over a more hawkish Fed (Romney has hinted that he’d like a Fed head that would tighten the money spigots) and protectionism. (Romney may score campaign points by talking tough about China, but no corporate leader wants to risk a trade war, or even a trade skirmish, with the Middle Kingdom, which has been ...

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Found more than 1 month ago on channel TIME Moneyland

MarketWatch First Take: J.P. Morgan’s loss: small enough to save Dimon

After watching Bob Diamond’s recent performance at Barclays, J.P. Morgan’s Jamie Dimon made sure there weren’t any surprises for Wall Street in Friday’s earnings announcement.

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Found more than 1 month ago on channel MarketWatch