The warrants were to be allotted as part of sign-on bonus for CLSA execs, besides promoters.

Brokerages Feel The Heat; Q2 Profits Down By 57%

A study of 10 brokerages shows that net profits are down 57% compared to the same period last year. ...

Goldman India CEO, Two Indians In Elite Partner Class Of 2008

94 have been promoted as partners in 2008, giving them access to a special bonus pool....

Q3 Numbers: Merrill Lynch Reports $5.2B Losses, Citigroup Posts $2.8B

Citigroup has also cut 11,000 jobs this quarter, which about 3% of its staff, totaling 23,000 job cuts for the year. ...

UBS Gets $60B, Credit Suisse $8.75B From Qatar Fund, Others

Swiss National Bank will end up with 9.3% of UBS's share capital, which it can sell to other investors. ...

Credit Suisse Enhances Asian private equity team

Credit Suisse has announced two appointments to strengthen the Credit Suisse Private Equity Asia (CSPEA) team. ...

Munesh Khanna Quits Halcyon; Sets Up His Own Investment Banking Firm

Khanna joined Halcyon two years ago after quitting DSP Merrill Lynch where he was the head of investment banking....

Nomura Announces Acquisition Of Lehman's Captive In Mumbai

This will be unlike other deals stuck by Nomura, which only involved acquisition of human capital. ...

Pali Cap Forms Developing Economies Group; Hires Bear Stearns Exec

Apart from India, the new division would also look at other developing markets such as Brazil, China, Russia etc....

Indian-American Neel Kashkari To Oversee $700-B Financial Bailout

In his earlier role, Kashkari, a former banker, was involved in enhancing Treasury’s engagement with India....

Finally, House Passes $700-Billion Bailout Package

The bill has won 263 in favour and 171 votes against. On Monday, the same House had rejected the plan. ...

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