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Investment Banking

12/07/2023

Bank of America traders are having their best Christmas ever. What Wall Street CEOs already hate about 2024

The new rule is only a proposal for consultation – James Gorman of Morgan Stanley has rather more calmly said that he hopes the Fed “will be open to changes”.

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."

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.

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