• Exactly where does HSBC make its money ?

  The bank should break out profitability by division when CEO outlines a new strategy today

  Investment Banking

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  JP Morgan reshuffles in European equities

  US bank names new head of European research and co-head of equity sales, throwing into question the future of former heads of those teams

  Investment Banking

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  PE-backed firm seeks to refinance PIK note

  Kabel Deutschland, one of the few private equity-backed companies to successfully list last year, is seeking to refinance controversial and costly payment-in-kind debt instrument in a move that would allow it to pay a dividend to shareholders.

  Private Equity

  • PIK loans stage a comeback in Europe

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  Greece restructuring ‘only a matter of time’

  Analysts have warned that a restructuring of Greece’s debt is inevitable following a further ratings downgrade from S&P and Moody’s

  Investment Banking

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  Goldman discloses CFTC probe

  The regulator is investigating its the bank's role as clearing broker for an unnamed SEC registered broker dealer.

  Trading & Technology

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  Apollo Global to buy American Idol owner

  Private equity firm has bought company which also owns Elvis Presley's Graceland mansion

  Private Equity

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  APG seeks €100m for hedge fund incubator

  The Dutch pension fund manager is seeking to raise its second hedge-fund seeding vehicle as the funding climate improves for start-ups

  Asset Management - Hedge Funds

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  Bankers voice doubts over Kazakh state-selloff

  Analysts worry that the local stock market is simply too small to handle the ambitious privatisation programme

  Investment Banking

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  Private equity preps for ‘seminal’ transition in global economy

  Private Equity

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  Private bankers most downbeat over job opportunities

  Investment Banking

• ---

  Leda Braga: 'London not at risk as a hedge fund centre'

  Blog

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  Corrigan sets out four key areas to financial reform

  Investment Banking

Press digest

Financial News Blog

• Leda Braga: 'London not at risk as a hedge fund centre'

• LSE unwraps Rolet's globe

• Nomura's Goldman swipe gives thumbs up to former bosses

• Time for a new pensions lottery

• UK retail inflows best for nine years...but outlook is more mixed

Asset Management

• Amundi fuels possible ETF price war

• Time for a new pensions lottery

• Blanchflower and Grant tussle over QE3 at conference

• More

Investment Banking

• Banking body makes push for 'bail-ins'

• Nomura's Goldman swipe gives thumbs up to former bosses

• Credit Suisse to re-enter US CMBS market

• More

Private Equity

• Eurazeo begins push for growth

• Activist group puts pressure on Swiss buyout fund

• In pictures: CFA annual conference

• More

Trading & Technology

• LSE unwraps Rolet's globe

• ICE, Nasdaq warn against rushed NYSE shareholder vote

• Twitter provides new mood music for traders

• More