11/23/2023
Wells Fargo invests $1.5m into entrepreneur space
Wells Fargo has contributed $1.5m to the Russell Innovation Center for Entrepreneurs (RICE).
Investment Banking
11/17/2023
Fulton Bank commits $10 million to growth-stage technology companies fund
The fund will primarily invest in follow-on investments selected from more than 600 current and future portfolio companies across of the Ben Franklin statewide network
11/14/2023
First Financial Corporation and SimplyBank Sign Merger Agreement
The transaction is expected to close in the second quarter of 2024 and is subject to customary closing conditions
11/09/2023
Bank of America has a secret CEO replacement plan. Private equity's proliferation of perks
Does that mean that there is, formally or informally, a designated “under a bus, god forbid” candidate?
11/08/2023
Bank of America will lend $10 mln to veteran business fund
The veterans group initially raised $15 million when it launched in 2021
10/31/2023
Euromoney survey recognizes J.P. Morgan Payments as global market leader for USD cash management
Alongside this prestigious award, J.P. Morgan was also named leader for US dollar in the Middle East and Western Europe categories
10/19/2023
Gloomy mood among the Wall Street bosses
There are also fears on Wall Street that rising interest rates will reduce demand for mortgages and corporate loans.
10/18/2023
Bank of America profit rises 10%
Its trading and investment banking revenues were also up, a sign that a slump in dealmaking is starting to thaw.
10/17/2023
JPMorgan's most unique tech internships pay up to $3k per week
The rest of the internships have been up for some time, since July, but the analyst role was posted late last month.
10/16/2023
Bank Earnings Provide A Positive Start To Earnings Season
At this early point in the reporting season, blended earnings, which combine actual with estimates of companies yet to report, are improved from forecasts at the end of the quarter.
10/12/2023
Goldman Sachs Announces Sale of GreenSky to Sixth Street-Led Consortium
The transaction is expected to close in the first quarter of 2024, subject to standard closing conditions.
10/10/2023
Bank of America’s Wrong-Way Rate Bet Hurts Moynihan’s Growth Pledge
All major lenders suffered setbacks tied to their bond holdings
10/09/2023
Big banks sit out LBO rebound after being stung by earlier buyouts
Concern about loans getting stuck on their balance sheets has left some lenders wary of riskier deals
10/06/2023
Goldman Sachs Announces the Launch of the First Funds Through Goldman Sachs ETF Accelerator
Brandes Investment Partners today launched its first three actively managed exchange-traded funds, marking the first funds launched through Goldman Sachs ETF Accelerator.
10/04/2023
Goldman Sachs & JPMorgan MD leaves banking for Stripe
Some who left for big tech then returned to big banking, often for a big promotion.
10/03/2023
SVB Financial Group Completes Sale of Investment Banking Business to Management Team Group
Under the terms of the purchase agreement, the acquisition from SVB Financial Group included a combination of cash, repayment of an intercompany note
09/29/2023
J.P. Morgan to provide account validation services to the U.S. Government
The agreement with J.P. Morgan reflects the important role that account validation plays in Treasury’s commitment to payment integrity and the reduction of improper payments.
09/27/2023
Citibank Raises $5 Billion in First Bank-Level Bond Since 2019
Bank operating company debt footprints have shrunk significantly after massive deposit inflows during the pandemic, Jesse Rosenthal, head of US financials at CreditSights Inc.
09/25/2023
JPMorgan M&A Head Sees Up to $150 Billion Funds Focused on India
The New York-based banker pointed to India’s fast-rising GDP among the attributes that make it so attractive.
09/15/2023
Citigroup starts layoff talks after management overhaul: Sources
The conversations come after the third-largest United States bank announced on Wednesday that it will strip out a layer of management and cut jobs.