05/05/2023
TD Bank and First Horizon decide to end their merger deal
The payment is in addition to the $25m fee reimbursement payable to First Horizon under the merger agreement.
Investment Banking
05/02/2023
Jefferies and SMBC Expand and Strengthen Strategic Alliance, Broadening Joint Business Efforts and Increasing SMBC’s Equity Ownership in Jefferies
Jefferies and SMBC Group’s Strategic Alliance Expands to Additional Businesses, Including a Full Suite of Capabilities for U.S. Investment Grade Companies, to Further Enhance Investment Banking Services to Our Broad Client Base
04/28/2023
Raymond JAmes Financial Reports Second Quarter Of Fiscal 2023 Results
Record quarterly net revenues increased 7% over the prior year’s fiscal second quarter.
04/27/2023
Surging Earnings Estimates Signal Upside for JPMorgan Chase & Co. (JPM) Stock
Consensus earnings estimates for the next quarter and full year have moved considerably higher for JPMorgan Chase & Co.
04/24/2023
Making managing director at JPMorgan: Here’s how it happens
JPMorgan has a 'rigorous' five-month process for selecting it's new MDs.
04/24/2023
Bank of America Continues Strong Performance with Positive Q1 FY21 Results and Focus on Sustainability
In related news, insider Matthew M. Koder has sold large portions of his holding in Bank of America in recent weeks, resulting in significant sums of money changing hands.
04/19/2023
Bank of America beats profit targets and sees record inflows of $37 billion from new and existing clients
Bank is latest to benefit from deposit flight from smaller and regional lenders
04/19/2023
Big investment banks set to cut jobs, pay in 2023 as Q1 revenues hit 7-year low
The bonus cuts were closely linked to weaker revenues in 2022, which fell 49% year over year in the advisory and capital markets underwriting units of the 12 largest global investment banks
04/17/2023
Citi continues to sell Banamex
“We have tremendous work going on in Mexico,” said Jane Fraser, global head of Citigroup.
03/29/2023
Jefferies quarterly profit slides on stagnant dealmaking
Analysts were expecting 43 cents a share, according to Refinitiv. It was not immediately clear if the estimates were comparable.
03/28/2023
Bank of America Pares Down Wealth Lending Unit
The firm had aimed for 800 of the specialists, who help identify bank sales opportunities for wealth customers, by the end of 2022.
03/21/2023
JPMorgan CEO leading talks for new First Republic rescue plan - WSJ
The banks are considering an investment into First Republic, the WSJ report said, adding that the plan could involve converting some or all of the $30 billion of deposits into a capital infusion.
03/14/2023
The Banking World's Woes Continue as Wells Fargo Customers Report Missing Paychecks
One immediate problem for consumers is that some companies with money locked on SVB's platform warned they may have to delay employee's paychecks.
03/10/2023
Banks including JPMorgan, Charles Schwab, see $52bn rout on SVB’s deposit losses
The tech-focused lender said it lost nearly $2bn selling assets following a larger-than-expected decline in deposits
03/09/2023
Citigroup to recalibrate investment banking workforce as required- Bloomberg News
The recent announcement follows the bank's plan to lay off less than 1% of staff
03/07/2023
WashU Expert: Goldman Sachs’ sale won’t allow return to ‘freewheeling ways’
Tuch, who teaches investment banking and private equity, is an expert in corporate law and governance, securities regulation and financial regulation.
03/06/2023
Richard Rosenberg, former Bank of America chief who doubled its assets, dies
They have since swelled to more $3 trillion after more deals, including the purchase of Merrill Lynch during the 2008 financial crisis.
03/06/2023
BofA, Citigroup trim investing banking headcount in Asia: sources
After record dealmaking activity in 2021, M&A volumes and stock floats globally tumbled last year
02/27/2023
CS First Boston Roadmap to be Revealed at Summit
Klein's sale of his eponymous business to Credit Suisse for $175 million was formalized earlier this month as finews.com reported.
02/20/2023
TD Bank executives detail $50B commitment to minority communities ahead of First Horizon merger
In addition to getting feedback from community leaders, Diaz said those sessions created a level of transparency on how TD thinks about these issues.