03/19/2014
JP Morgan to Sell Commodities Business for $3.5 Billion
JPMorgan will continue to provide services and products tied to commodities including financing, market-making and the vaulting and trading of precious metals, the bank said.
03/19/2014
BofA said to cut trading, investment banking jobs
Bank of America is cutting jobs in its global trading and investment banking divisions
03/18/2014
The biggest bonus at Citigroup Inc. last year didn't go to the CEO or head of investment banking, but to risk-management chief Brian Leach.
03/18/2014
Jefferies Group LLC today announced financial results for its fiscal first quarter 2014.
03/17/2014
Alibaba Group Holding Ltd. kicked off the process for what may be the biggest U.S. initial public offering in two years after struggling to persuade Hong Kong regulators to approve its proposed governance structure.
03/14/2014
JPMorgan Asset Management is reducing its holdings of Europe’s higher-yielding debt as it bets a rally in the bonds is ending.
03/14/2014
JP Morgan Asset Management and JP Morgan Securities acquire 4% of Plus500.
03/14/2014
A decline in price swings and margins will contribute to a 19 percent contraction in revenue from trading fixed-income, currencies and commoditie
03/14/2014
Jeffrey Corzine, the youngest son of Jon Corzine, the former co-chairman of Goldman Sachs and governor of New Jersey, killed himself in Mexico after a struggle with depression
03/12/2014
Move is part of CEO Gorman's effort to partner brokerage, investment bank, drive ROE
03/11/2014
Cited for Overall Strength, Liquidity, Risk Management Expertise in North America
03/10/2014
A court ruling against RBC Capital Markets LLC turns on the bank's role in an area where it has made significant inroads lately—lending for U.S. private-equity deals.
03/07/2014
BNP Paribas SA and Bank of America-Merrill Lynch have joined the swelling ranks of currencies-dealing banks to have suspended staff as part of the global probe into the wholesale foreign-exchange market
03/05/2014
Investment banker Ken Moelis' boutique investment firm, Moelis & Co, filed to go public as it looks to take advantage of rising demand for independent advisory services and an improving market for public offerings in the United States.
03/04/2014
Jefferies Group LLC said its investment-banking revenue rose 42% in its fiscal first quarter while fixed-income revenue dropped about 17%, continuing the trends the bank reported last year.
03/03/2014
JPMorgan keeps eye on rivals of all sorts
Jamie Dimon, who built JPMorgan Chase & Co. into the world’s biggest investment bank, said threats to its dominance may come from Beijing, Silicon Valley and a San Francisco-based rival with a stagecoach logo.
02/27/2014
Barclays Shutters Power Trading Desks in NY, London
New regulations and earnings losses is forcing major changes inside the investment banking giant.
02/25/2014
If elected, Goldstein, together with the other 12 nominees, would serve a term of one year until the 2015 Annual Meeting. BNY Mellon Chairman and Chief Executive Officer Gerald L. Hassell is the only management director.
02/24/2014
JPMorgan Chase & Co. prevented a potential split of the role of the chairman and CEO of the bank after entering an agreement with its shareholders
02/24/2014
The German bank will implement the changes mainly by reassigning some operations that are located outside the U.S. to other parts of the business.