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Carlyle Launches Financial Firms Buyout Fund

The Carlyle Group has started fundraising for a new global financial services buyout fund that is seeking to top its previous $1.1 billion fund, which is now almost fully invested, a person familiar with the matter said on Tuesday.

Morgan Stanley to Cut 580 Jobs in New York City

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Morgan Stanley (MS) will axe 580 jobs in various sites in New York City due to economic reasons. The rolling layoffs began on Dec. 15 and the company has not identified a closing date, company filings with the New York Department of Labor showed Tuesday.
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To match Special Report BANKS/UBS

UBS gives up on top-10 investment bank ranking

UBS will sacrifice its place in the top ten investment bank rankings as stricter capital rules force it to give up riskier fixed-income business, the Swiss bank's financial head said.
The logo of Swiss bank UBS is seen on a building in Zurich

UBS puts clients ahead of league table ranking

UBS will sacrifice its place in the top ten investment bank rankings as stricter capital rules force it to give up riskier fixed-income business, the Swiss bank's financial head said.
Canada's Finance Minister Flaherty speaks in the House of Commons in Ottawa

Reaction to Canadian court ruling on securities regulator

The Supreme Court of Canada ruled against the federal government's plan to create a single, national securities regulator, forcing Ottawa to rethink its campaign to replace the current patchwork of provincial watchdogs and regulations.
Ottawa to rethink federal regulator plan

Ottawa to rethink federal regulator plan

Canada's top court derailed government plans to consolidate a patchwork system of provincial securities regulators on Thursday, ruling that proposed federal legislation violated provincial rights and forcing the government back to the drawing board.
Casa Berardi Project

Gold Retreats as Fund Managers Book 2011 Gains

Gold struggled Friday as fund managers booked profits on the yellow metal's gains this year, offsetting the lift it normally would have gotten from rising crude oil prices and stocks.

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