08/24/2023
Investment banks optimistic about US as Asian slump continues
The CEOs of Morgan Stanley and Goldman Sachs said there are some green shoots in terms of investment banking activity
Investment Banking
08/21/2023
Morning Coffee: Hundreds of thousands of students stampede for jobs in banks.
Financial News doesn't have applicants per job for Goldman Sachs, which it says hired 2,900 interns this year
08/17/2023
From investment banking to private equity to… banking, again
The fund has brought in a lot of Credit Suisse people, including the beleaguered bank’s Securitized Products Group (SPG) in both the US and EMEA.
08/14/2023
Wells Fargo finishes move from downtown Reading
Developer Alan Shuman, owner of the four-story Wells Fargo building at 600 Penn St., has said it is "one of the finest buildings in Berks County."
08/11/2023
Barclays Releases 2023 Travel Rewards and Loyalty Report
Report reveals points and miles help make travel possible in the face of inflation and economic uncertainty
08/10/2023
JPMorgan and Goldman Sachs top M&A charts by value and volume in H1 2023
JPMorgan and Goldman Sachs were the top M&A financial advisers in the financial services sector in H1 2023.
08/03/2023
UBS to Close Credit Suisse's Houston Office
Dozens of senior employees are said to have already left the bank for competitors.
08/03/2023
Dimon says Jeffrey Epstein lawsuits have impacted JPMorgan brand, and he is sorry for having him as a client
Other victims of Epstein will share in that settlement, in which the bank did not admit wrongdoing.
08/03/2023
JPMorgan CEO Jamie Dimon calls Fitch Ratings U.S. downgrade ‘ridiculous’ but says it ‘doesn’t really matter’
“We should get rid of the debt ceiling,” Dimon said.
08/03/2023
Wells Fargo pledges $60 million for worker re-entry program
Ten percent of new hires annually in the U.S. have previous convictions with no bearing on their role, the bank has said.
07/28/2023
Bank of America CEO flags effects of higher capital requirements
U.S. banking regulators are expected to unveil on Thursday a sweeping proposal for stricter bank capital requirements.
07/28/2023
TD Asset Management Inc. Announces Changes to the TD One-Click Suite of Exchange-Traded Funds
All of the changes described below will be effective on or about August 31, 2023.
07/26/2023
Banco BPM announces agreement with Simest for financing Fund 394
The aim is to expand the number of businesses served, especially SMEs, by leveraging the widespread presence of the banking channel in the territory.
07/24/2023
Bank of America profit jumps on boost from interest income, investment banking
BofA shares rose nearly 1% in premarket trading after the results.
07/18/2023
Bank of America's profits jump 19% on strong Wall Street showing
The results from the nation's second-largest bank are the latest demonstration of how the diversity of some of the largest US lenders are helping them thrive even as smaller regional banks struggle.
07/18/2023
Morgan Stanley profits drop 14% on Wall Street slump
Revenues for trading equities and fixed income fell 22% from a year ago and more than 19% from the previous quarter.
07/17/2023
The nation’s biggest banks are gearing up for more consumer struggles ahead
Earnings Watch: Netflix and Tesla also report, as Hollywood shuts down and EV ‘euphoria’ fades; Results also due from Goldman Sachs, American Express
07/10/2023
Investments in FXCM are being recovered by Jefferies
Jefferies intends to recoup a loan made to FXCM; a company controlled in part by Global Brokerage.
07/06/2023
Bank of America Announces Plan to Increase Quarterly Dividend 9 Percent to $0.24 per share
The increased quarterly common stock dividend is subject to approval from the Company's Board of Directors.
07/06/2023
Bank of Montreal tops the performance table
A big shake-up occurred in the Canadian banking sector in 2022, with TD overtaking RBC as the biggest bank by Tier 1. However, it is BMO that comes up trumps in performance. Joy Macknight reports.