Goldman Tries a New Commodities Play – Wall Street Journal (Subscription) Nearly 5,000 miles from New York, in postcard-perfect Hawaii, a new model for Wall Street’s commodity business is taking shape.
Credit Suisse to Hire in FIG and Industrials – Financial News Credit Suisse’s European investment banking business will make new hires in its financial institution group and industrials teams, with the UK and Germany the priority markets, according to the co-heads of IBCM – investment banking and capital markets – division for Europe, Middle East and Africa.
Brevan Howard Plots Comeback as Fed Seen Spurring Volatility – Bloomberg Brevan Howard Asset Management, the investment firm hurt over the past two years by slumping returns and shrinking assets, says a comeback is at hand.
Brazilian Bank BTG Gets $1.6 Billion Credit Line – Wall Street Journal (subscription) The Brazilian investment bank’s co-founder was accused of obstructing a police investigation.
JPMorgan Defeats London Whale Shareholder Lawsuit in US – Reuters A federal appeals court said JPMorgan Chase & Co Chief Executive Jamie Dimon and other bank officials need not face a shareholder lawsuit claiming they did a bad job investigating the 2012 “London Whale” trading scandal that caused $6.2 billion of losses