• MOYNIHAN: Bank of America 'left a hole' in the US dealmaking market - and now its adding bankers to correct the problem

    12 days ago - By Business Insider

    Bank of America Merrill Lynch is adding bankers to capture more middle-market deals in the US, CEO Brian Moynihan said Tuesday.
    Moynihan said the bank left a hole in its high-end midsize deals coverage in US and lost market share, contributing to the firm's decline in investment banking revenues in 2018.
    Investment banking revenues slipped 20% in the first nine months, and Bank of America dropped from 4th to 9th in the US M&A league tables.
    "We've got to come back and take our deserved share out of the US. That's where the opportunity is and they're after it. And we feel good - we're...
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  • Here are the top 5 markets Chinese investors are pouring cash into

    Here are the top 5 markets Chinese investors are pouring cash into

    12 days ago - By Inman

    Over the past seven years, China has shown continuous growth in foreign property investment, the majority of which has gone to North America, Europe and Asian countries. Here's a look into the property investment details of five of the most prominent Chinese investor markets.
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  • Apple Scrambles to Boost iPhone Sales as Analysts and Markets Sour

    12 days ago - By Fortune

    Apple's stock was down by as much as almost 4% Tuesday morning from Monday's close on investor concern that the company has seen peak iPhone sales. In response, Apple is shifting marketing resources and providing unusually generous promotions to boost sales.
    What set off this drop was an announcement Monday from semiconductor company Cirrus Logic, an Apple supplier, that it expected third quarter profits to go down $60 million from its previous guidance range. The cause was “recent weaknesses in the smartphone market.”
    Worries that Apple's iconic product, which drives most of the company's...
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  • UBS Americas president: Recent market turbulence should be a 'wake-up call' for stock investors - and they should start looking outside the US

    UBS Americas president: Recent market turbulence should be a 'wake-up call' for stock investors - and they should start looking outside the US

    12 days ago - By Business Insider

    Tom Naratil, UBS's president of the Americas and co-president of the firm's US wealth management division, says recent stock market volatility should have investors reconsidering their geographic allocations.
    He makes the case for stocks outside the US, and urges investors to consider making their holdings more globally diversified.
    The sudden bout of weakness in the US stock market should serve as a wakeup call for investors who had started to see their domestic market as the only place to be.
    For most of this year, US stocks forged ahead while markets in the rest of the world struggled...
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