Managers of Wealth Americas

European banks’ US fee share shrinks to 11% ahead of Wall Street hiring push

EU lenders’ cut of the Wall Street dealmaking pie has nearly halved over 10 years

JPMorgan American Investment lifts dividend and outperforms benchmark

The trust attributed this outperformance to its portfolio weighting towards large-cap holdings, particularly in the IT sector, which accounted for 94% of assets.

FE International Establishes Investment Banking Broker-Dealer Offering Public M&A Advisory and Private Placement Services

The FE International family of companies includes our award-winning M&A business

Citigroup lifts EU bonus cap for top London bankers, aligning with Wall Street rivals

In response to the EU's bonus restrictions, Citi and other banks had implemented role-based allowances

Scotiabank expands US footprint with strategic $2.8bn investment

Scotiabank's investment in KeyCorp expands its North American presence with a 14.9% ownership stake

Houlihan Lokey to Acquire Waller Helms Advisors

On a pro forma basis, and according to data from LSEG, the new combined group now ranks as the No. 1 advisor for all global M&A transactions in 2023

Life Insurance International

Waller Helms Advisors to be acquired by Houlihan Lokey

Wall Street Investment Bank Hit With $16 Million Fine in SEC Messaging Probe

Piper Sandler settles investigations into unapproved business communications.

JPMorgan Chase's $1.2B cash-reserve boost leads big banks as lenders brace for slowing economy

JPMorgan Chase's larger balance-sheet buildup stands out partly because it's the U.S.'s largest bank, with quarterly earnings that topped $18 billion in the second quarter alone.

Wall Street banks’ graduate applications swell to record highs as intakes shrink

Internship applications have swelled, while banks have trimmed class sizes amid a tough economic environment

Evercore's average pay rose 30%, to $197k in a single quarter

The increase was overwhelmingly driven by advisory (M&A) revenue, which increased 52% in Q2.

With no big deal safe, investment bankers move to safeguard fees

At stake is the dealmaking revenue of the top investment banks in North America and Europe.

JPMorgan thinks Goldman Sachs is better placed than Morgan Stanley now

Abouhossein et al's preference for Goldman reflects their expectation that investment banking division revenues will increase 31% year-on-year in 2024

Morgan Stanley is hiring in investment banking but believes it's still in early innings of rebound

Regionally, the bank saw higher levels of client activity in Asia and seasonal patterns in Europe.

BofA profit beats expectation on robust investment banking, trading

Investment banks have brought in more underwriting fees as capital markets resurged.

How Jane Fraser became the first woman to lead a major Wall Street bank

Fraser worked at Goldman Sachs and McKinsey & Co. before becoming CEO of Citigroup

Goldman Sachs profits more than double in second quarter as dealmaking comes back on Wall Street

Part of the surge in profits is Goldman Sachs had some one-time items last year as it took charges against its books for the wind down of its consumer banking business.

JPMorgan profit rises to record, fuelled by investment banking

The gains exceeded the company's earlier predictions.

Wall Street banks eye investment banking resurgence amid multifaceted economic challenges

Reports of three big US banks heralded the start of the second-quarter earnings season.

BNY beats quarterly profit estimates on investment service fee boost

BNY's investment services fees for the second-quarter rose 5% to $2.36 billion