Goldman Sachs Group Inc., the most profitable bank in Wall Street history, told Japanese clients the collateralized debt obligation at the center of a Securities and Exchange Commission suit wasn’t sold in the country.
Japan Display Inc., a merger of three struggling screen-makers that’s supported by a government- backed fund, posted the worst debut of any Asia-Pacific initial public offering worth at least $1 billion since 2008.
The New York Stock Exchange’s plan to lure more stock orders from individuals was approved by the U.S. Securities and Exchange Commission, dealing a setback to Wall Street firms that increasingly keep the business for themselves.
Wall Street banks operating in Japan are inviting nuclear physicists to inform Tokyo employees about radiation risks, providing counseling and supplying bottled water to calm workers and keep them in the city.
Deutsche Bank AG’s Japanese brokerage unit will probably be penalized by local regulators for breaching rules over excessive spending to entertain clients, two people with knowledge of the matter said.
Swiss banks must lure affluent clients from emerging markets or face a “slow death” as the pursuit of tax dodgers by U.S. and European authorities results in outflows of assets, industry officials and investors said.