For the equity division we forecast this yield should reach around 2.6% and remain stable through the forecast period.
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We forecast earnings for the equity division by looking at the assets deployed for trading and an estimated yield on these businesses.
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Niederauer spent 22 years at Goldman, most recently as co-head of its equity division execution business, which includes trading, clearing and prime brokerage.
Perhaps proving how committed it is to this effort, Wachovia leased more than 150, 000 square feet of office space at 375 Park Avenue in Manhattan to house its equity division.
In November it reported a SFr200m loss and sacked Rami Goldstein, the head of the global equity derivatives division, and a handful of others.
By the beginning of this week, sources say, it had not even managed to find out how many trades the global equity derivatives division had done.
The global equity derivatives division had already lost heavily last July (as, to be fair, had other investment banks), when the British government unexpectedly changed tax rules so that investment banks could no longer claim tax relief on dividends if shares are held for trading rather than investment.
This month Nikko announced it was reserving 10% of its shareholders' equity for a new division to invest in Japanese start-ups.
In 2006 Reijtenbagh met Joshua Blaine, a director of a Credit Suisse funds division that manages private equity stakes.
Its investment banking division provides debt and equity underwriting services to corporates and merger related advisory services for institutions and competes with other established investment banks such as Goldman Sachs, Morgan Stanley, Deutsche Bank, UBS and Wells Fargo.
McGraw-Hill is not the first publishing company to have its education division purchased by a private-equity firm.
FORBES: McGraw-Hill Sells Education Unit To Apollo: Bellwether For Educational Publishing?
As expected, the Detroit bank announced today it had agreed to sell its Munder Capital Management division to management and a private equity firm, Crestview Partners.
Note: there is no connection between the for-profit education concern, the Apollo Group, which owns the University of Phoenix, and Apollo Global Management, the private-equity business that is purchasing the McGraw-Hill education division.
FORBES: McGraw-Hill Sells Education Unit To Apollo: Bellwether For Educational Publishing?
We forecast earnings in the sales and trading division by looking at the assets deployed in the equity and debt markets and the yield the bank earns on this capital.
Pharmaceutical giant Pfizer ( PFE) announced today that it is going to sell its Capsugel division to Kohlberg Kravis Roberts ( KKR), the private equity firm.
Highland, a private-equity firm, and other lenders obtained Turtle Bay in 2010 from a division of Oaktree Capital Management, which had gone delinquent on the resort's debt.
Simple Audio received investment in the early stages of its growth from the Edinburgh based investor syndicate Par Equity and the Scottish Co-Investment Fund from the Scottish Investment Bank, a division of Scottish Enterprise.
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Morgan Stanley's own website lists 20 pages of available jobs in its North American institutional securities division, including many technical and risk management posts but also positions in equity research, in derivatives and in prime brokerage.
Naturally, Goldman is in the process of trying to centralize all equity orders from every part of the firm, including its block trading desk and the division that services high net wealth clients, to increase its market share of all equities traded.
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