12/07/2023
Investment banks and the scourge of pre-Christmas job cuts
In the words of one Citi trading insider, the next few weeks could be "brutal."
Investment Banking
12/06/2023
Citi is still shuffling MDs about, not just letting them go
Citi's combined rates and currencies trading revenues were up 4% year-on-year in the first nine months of 2023
12/06/2023
Bank of America Says the S&P 500 Will Hit a New Record High in 2024
That’s fueling some improvement in investor sentiment – and a brighter outlook from the experts.
12/06/2023
Wells Fargo CEO expects severance expenses to exceed $750 million
The bank has reduced its workforce since the third quarter of 2020 and it stood at 227,363 at the end of third quarter of this year.
12/04/2023
TD Securities Announces Significant Expansion of Its Global Financial Institutions Group
Key Hires Made Across Investment Banking, Global Market
12/04/2023
It's going to be "brutal" at Citigroup, but maybe not here
As Citi cuts, however, one group of managing directors may be more immune than others.
11/30/2023
Another much loved Citi MD resigned for a more exciting alternative
As senior people leave, there are already signs that Citi is changing job titles and slimming down the structure in its engineering division.
11/30/2023
TD Bank Group Declares Dividend
For the January 31, 2024 dividend, the Bank will issue the additional shares from treasury, with no discount.
11/27/2023
JPMorgan is the winner of the eFinancialCareers Ideal Employer award
No matter where you are in the world, JPMorgan is perceived as an Ideal Employer in financial services.
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).
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.