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Trading slump hits Citi's securities and lending arm

Citigroup’s securities and banking unit underperformed its rivals in 2012 by posting the steepest drop in profits among the Wall Street banks to report full-year results so far

Advisory stalls but trading trebles at BofA Merrill

A strong fourth quarter of DCM revenues cushioned the US bank's advisory and underwriting business last year, but sales and trading stole the show in 2012

Jeremy Greenhalgh is looking to set up his own private equity fund after more than 20 years with the UK buyout group

Citigroup's net up 25% but mortgage issues linger

The bank's results were hit by charges, including $1.3bn in legal charges. It also signalled it is reluctant to declare the mortgage crisis over

Lobby group urges tougher German HFT controls

Finance Watch, a vocal critic of HFTs, has called on Germany's parliament to take a tougher stance in order to restore investor confidence

DTCC and CFTC at odds over swaps trade data

A fight is brewing between a Wall Street utility and a federal regulator over who will control potentially lucrative trade data in the $639 trillion swaps market

The exchange operator has hired the former head of sales for post-trade services at the LSE as a director at its new derivatives platform

Charges weigh on Bank of America's profit

Bank of America's fourth-quarter profit plunged 63% as the banking giant was weighed down by billions in charges related to a dispute with Fannie Mae and a foreclosure settlement

The giant US fund manager now oversees $3.8 trillion in assets after what one analyst described as 'a pretty darn good' year for the group

The funds arms of JP Morgan, Goldman Sachs and BNY Mellon all enjoyed strong revenue growth in the last three months of 2012

Strong investor interest in Aberdeen Asset Management’s equity products – such as its global emerging market equity strategies – offset 'disappointing' outflows elsewhere

UBS GAM sets fresh high for Italian ETF listings

UBS Global Asset Management launches the biggest single-day listing of exchange-traded funds on Borsa Italiana

Perella Weinberg forms commercial real estate JV

Move comes as commercial real-estate securitisations are expected to surge this year

FN Rising Star takes top investment role at Axa

A 37-year-old fund-structuring specialist takes over at the helm of insurer's French investment operations

ECB calls on industry to resolve repo project row

The bank has waded into a spat between Europe's dealers and fixed-income clearing houses, who are at loggerheads over a project designed to ease collateral flows across Europe

https://assets.fnlondon.com/2013/01/4071646369.jpg

Demand for super prime residential real estate in London remained strong in 2012, despite increased taxation, according to real estate adviser Savills. Last year there were over 400 sales in the capital worth in excess of £5m, with a total value of over £4.1bn, said the realtor.  
Sales continue to be heavily concentrated in the core central postcodes: Belgravia, Chelsea, Knightsbridge, Kensington and Mayfair. The total value of deals in this sector was slightly down on the 2011 peak: there were 62 known sales worth over £15m in 2012, compared to 72 in 2011, according to Savills. 
Here is a selection of some of the properties sold this year with their guide prices.

https://www.wsj.com/?type=allesseh_content_full_list

Trading slump hits Citi's securities and lending arm

Advisory stalls but trading trebles at BofA Merrill

Ex-Charterhouse partner plots solo fund

Citigroup's net up 25% but mortgage issues linger

Lobby group urges tougher German HFT controls

DTCC and CFTC at odds over swaps trade data

Nasdaq's NLX hires former LSE sales exec

Charges weigh on Bank of America's profit

BlackRock nears $4 trillion milestone

Bank-owned asset managers ride Q4 wave

Equities bolster Aberdeen flows

UBS GAM sets fresh high for Italian ETF listings

Perella Weinberg forms commercial real estate JV

FN Rising Star takes top investment role at Axa

ECB calls on industry to resolve repo project row

London luxury homes sold in 2012