04/19/2023
The bonus cuts were closely linked to weaker revenues in 2022, which fell 49% year over year in the advisory and capital markets underwriting units of the 12 largest global investment banks
04/17/2023
“We have tremendous work going on in Mexico,” said Jane Fraser, global head of Citigroup.
03/29/2023
Analysts were expecting 43 cents a share, according to Refinitiv. It was not immediately clear if the estimates were comparable.
03/28/2023
The firm had aimed for 800 of the specialists, who help identify bank sales opportunities for wealth customers, by the end of 2022.
03/21/2023
The banks are considering an investment into First Republic, the WSJ report said, adding that the plan could involve converting some or all of the $30 billion of deposits into a capital infusion.
03/14/2023
One immediate problem for consumers is that some companies with money locked on SVB's platform warned they may have to delay employee's paychecks.
03/10/2023
The tech-focused lender said it lost nearly $2bn selling assets following a larger-than-expected decline in deposits
03/09/2023
The recent announcement follows the bank's plan to lay off less than 1% of staff
03/07/2023
Tuch, who teaches investment banking and private equity, is an expert in corporate law and governance, securities regulation and financial regulation.
03/06/2023
They have since swelled to more $3 trillion after more deals, including the purchase of Merrill Lynch during the 2008 financial crisis.
03/06/2023
After record dealmaking activity in 2021, M&A volumes and stock floats globally tumbled last year
02/27/2023
Klein's sale of his eponymous business to Credit Suisse for $175 million was formalized earlier this month as finews.com reported.
02/20/2023
In addition to getting feedback from community leaders, Diaz said those sessions created a level of transparency on how TD thinks about these issues.
02/17/2023
Freedom’s US CEO Robert Wotczak will become executive chairman of Maxim Group and its subsidiaries, while Maxim Group president Clifford Teller will be elevated to the role of CEO.
02/16/2023
Citigroup, BNP Paribas, Bank of America, and Deutsche Bank have all been vying for the position over the past 10 years
02/13/2023
As Charter Capital Partners moves up market to do bigger deals, Lefere and Mills were presented with an opportunity to partner with the firm to serve companies on the lower end of the middle market through LaGrey.
02/13/2023
Still, major lenders are hiring in some areas.
02/13/2023
JP Morgan bankers spent most of last week meeting with Zelensky and his senior staff where they discussed the creation of a fund seeded with $20 billion to $30 billion in private capital, according to people with direct knowledge of the matter.
02/10/2023
BofA’s 2022 patents granted rose to 608, 19% over 2021, in categories including artificial intelligence and machine learning, information security, and payments.
01/30/2023
Unlike Merrill’s retirement plan, called the Client Transition Program, brokers in the Succession Planning Program, do not commit to retire.