Goldman reshuffles management at merchant banking unit-WSJ

Goldman Sachs Group disclosed the departures of three senior executives from its merchant banking business in the latest top-level reshuffle at the firm, the Wall Street Journal reported on Friday. Partners ...

Three executives from Goldman Sachs Group's merchant banking business are retiring, in the latest top-level reshuffle at the powerful Wall Street firm.

Three executives from Goldman Sachs Group's merchant banking business are retiring, in the latest top-level reshuffle at the powerful Wall Street firm.

Securities and investment banking firm Jefferies Group plans to purchase Prudential Bache, one of the biggest names on Wall Street, for $400 million, The Wall Street Journal reported on Thursday.The transaction, which could be announced later in the day, will bring Jefferies closer to its goal of becoming an investment bank that offers a complete range of services to its clients.The 400-person unit would be renamed Jefferies Bache, the Journal said, citing people familiar with the matter.

MUMBAI (Reuters) - Swiss bank UBS's head of India investment banking, Ashok Mittal, has resigned, a spokesman for the bank said on Tuesday. The departure of Mittal, who was named the head of India investment banking at UBS in June of last year, was an isolated incident and there were no other senior-level departures at the India unit at this time, said Mark Panday, Hong Kong-based spokesman for UBS. Mittal was not immediately available for comment. Prior to joining UBS, he was with Lehman Brothers and had worked as co-head of India investment banking at HSBC. ...

Andrew Wilkinson submits: JPMorgan Chase & Co. (JPM) – Bank stocks are rallying this morning after the Wall Street Journal reported the Fed may allow healthy banks to raise dividends. The Fed may release guidelines for assessing whether banks are healthy and strong enough to up dividends or buy back shares as early as this month, according to news reports.