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.
Investment Banking
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.
09/14/2023
Barclays designates a vice chairman in technology investment banking
Sterling Auty has been appointed by Barclays as vice chairman of the technology investment banking arm with a focus on the software industry.
09/12/2023
Bank of America says Q3 investment banking fees down 30%-35% for sector
He also said income at the bank's global markets business should rise in the low, single-digit range from a year earlier.
09/11/2023
Mizuho Financial Group Aims to Become a Top 10 Wall Street Investment Bank by 2026
Mizuho’s deal for Greenhill came as a surprise to many on Wall Street, both in terms of the price and the target.
09/08/2023
How Is The Market Feeling About Bank of New York Mellon?
Traders make money from short selling if the price of the stock falls and they lose if it rises.
09/05/2023
The banks that let you work from home, and the banks that don't.
This makes Lloyds one of the best places to be if you're wedded to working from home.
09/01/2023
Bank of America sales head finally resurfaces - at Deutsche Bank
It shouldn’t be a surprise that a big banker has made the move to Deutsche Bank; it’s been hiring pretty extensively all year.