Managers of Wealth Americas

Big banks led by Citi continue to trim staff to cut costs

Banks are under pressure to control costs due to the uncertain economic outlook.

Wall Street bosses cheer investment banking gains but stay cautious

Investment banking divisions showed robust growth in the first quarter for the largest U.S. banks, which reported surging revenues and fees.

Bank of America profits drop as key lending revenue weakens

It is a critical contributor to profits for all banks.

Morgan Stanley results contain some sorry truths for its bankers

The most notable revelation from Morgan Stanley's first quarter results, though, is that - like Goldman - it is doing more with less.

Bank of America (BAC) Braces for Earnings - Strategies for Investors

The Charlotte, North Carolina-based bank’s net interest income is expected to hit the upper range of the forecast of between $13.90 billion and $14 billion.

Citi's 7,000 laid off staff were paid an average of $214k each

Cutting juniors is perhaps inevitable

Goldman Sachs' results: Fewer people, higher profits, higher pay

Suddenly David Solomon looks vindicated.

JPMorgan cut Q1 headcount in the investment bank for the first time in 5 years

Citi profit drops as costs rise for employee severance, deposit insurance

The result is a cleaner, simpler management structure that fully aligns to and facilitates our strategy.

Wall Street Banks Regaining Share of Financing Deals

Investment banking fees garnered by banks covered by analysts at Morgan Stanley are expected to rise 19% in the first quarter compared to a year earlier, those analysts said, per the report.

The highest paying investment banks in the world, ranked

Goldman Sachs, which paid average salaries of $200k and average bonuses of $199k for 2023, was the highest paying bank we polled.

BofA’s people were twice as happy with their pay as UBS’ last year

Respondents happiest with their pay last year worked for Santander.

The biggest multistrategy hedge funds now employ nearly 16,000 people

In the past year, Millennium has added 260 net new investment staff

JPMorgan sets up a dedicated sports investment banking team, memo shows

Dealmaking in the sports industry remained robust last year despite global mergers and acquisitions (M&A) volumes hitting a decade-low.

The wisdom of Goldman Sachs' understated partner

When he spoke in Hampstead about the launch of his new book a few weeks previously, he invited his children and the juniors on his team.

Goldman Sachs, JPMorgan, Morgan Stanley, Citi and BofA: top salaries & bonuses in London

These figures are made public in Europe and the UK as part of the European Union's pay transparency requirements.

BNY Mellon’s Pershing on Ashton Thomas and the future

Exclusive insight into BNY Mellon's Pershing and its plans.

BofA joins rivals in predicting stronger investment banking revenue

The BofA markets division is expected to have a robust performance fuelled by equities trading in the first quarter

Citigroup CEO sees rising fees in investment banking, weaker markets revenue

"It's not rocket science," Fraser said. "Stick to the plan, head down, and just relentlessly execute."

Goldman Sachs wants a new investment banking analyst. 900 people have applied

The deluge comes as Big Four firms are cutting advisory staff and as banks like Barclays and Jefferies and Rothschild have been cutting juniors.

Investment Banking