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Hong Kong progressively less attractive for IPOs A Hong Kong securities regulator backs the proposed tightening of initial public offering regulations. Bankers who don’t abide by them could be prosecuted. This squeeze may dissuade the companies who were initially drawn to Hong Kong’s lax restrictions.
Is a Canaccord dividend cut imminent? There’s some speculation Canaccord will cut it’s dividend. GMP Capital Inc. trimmed its dividend on May 4 and since then both companies have seen declines of 13 per cent and 14 per cent respectively.
Who’s to blame for Facebook’s decline? Is it Morgan Stanley? Nasdaq? Facebook itself? Wall Street plays hot potato with responsibility for the social network’s tanking stock.
The other Facebook effect How Facebook’s less-than-stellar IPO has created a short-term opportunity in other social names
Fewer winners in M&A game A new survey by Deloitte & Touche says strategic partnerships are being favoured more than transformational deals in the mergers and acquisitions playground. Deal makers need to focus on building strong relationships.
JP Morgan suspending share buyback, losses could hit $7-billion Speculation is mounting that JP Morgan chief Jamie Dimon could be forced to give up at least one of his dual boardroom roles.
Wall Street should stop trying to gut financial reform Rep. Maxine Waters has a simple request for Wall Street: Stop trying to undermine Frank-Dodd.
More disconcerting news from China Reuters finds more evidence of a Chinese economic slowdown, this time in the number of defaults and deferrals of coal and iron ore deliveries.
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