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Investment Banking

06/23/2023

Investment banking has gotten so bad even the lawyers are making more money these days

There are several factors affecting the rise in lawyer pay, as outlined in the story, but perhaps more interesting is how compensation for bankers hasn't risen.

06/20/2023

SVB Financial Group agrees sale of its investment banking business, SVB Securities

SVB Financial Group filed for Chapter 11 bankruptcy proceedings in the US back in March following the collapse of Silicon Valley Bank.

06/19/2023

Financial Inclusion: Bank of America Surpasses $500M in Equity Investments to Support Minority, Women Entrepreneurs

Not only are fund managers breaking down barriers themselves, “but they are also investing in companies looking to catalyze change.”

06/19/2023

SVB agrees to sell its investment banking division

The deal comes after the Federal Deposit Insurance Corporation took over Silicon Valley Bank in March

06/15/2023

Goldman cutting more than 30 Asia investment banking jobs

The reduction in regional jobs, most of which are in the global banking & markets division, started on Wednesday, said the sources.

06/14/2023

US bank shares rise on inflation data, positive Wells Fargo comments

JPMorgan Chase, Wells Fargo, Goldman Sachs, Morgan Stanley, Citigroup and Bank of America advanced between 1% and 2%.

06/13/2023

Bank of America execs blew $93.6 billion. Here’s how they did it.

It’s time for companies and analysts to stop calling stock buybacks a ‘return of capital’ to shareholders

06/12/2023

Barclays warns former staff in bid to stem investment bank exodus

Departure of about 30 bankers in US risks undermining UK lender’s Wall Street ambitions

06/07/2023

BNY Mellon Launches Direct Indexing Solution for Financial Advisors

Institutional-quality investment solution available on BNY Mellon Pershing X's new Wove platform provides low-cost portfolio customization and tax optimization benefits

06/02/2023

Goldman Sachs president Waldron says Wall Street bank is ‘running tighter’ amid lay-offs

The Wall Street bank is embarking on its third round of job cuts within a year

05/31/2023

Why Goldman Sachs needs to cut MDs (and partners)

Both they and partners at the firm tend to pile up due to a rule relating to restricted stock vesting that was introduced in 2008.

05/24/2023

JPMorgan’s guide to how an investment bank works now

JPMorgan’s payments team, meanwhile, is silently in the background facilitating all of the above-mentioned economic activity

05/24/2023

Citi to Pursue Initial Public Offering of Its Consumer, Small Business and Middle Market Banking Operations in Mexico

Citi To Resume Share Buybacks This Quarter

05/17/2023

Jamie Dimon says it’s ‘unlikely’ that JPMorgan Chase will acquire another struggling bank

The turmoil in mid-sized banks sparked by the Silicon Valley Bank collapse in March shows that merely meeting regulatory requirements isn’t enough, Dimon added.

05/10/2023

Raymond James bolsters Consumer & Retail Investment Banking practice with senior banker hire

Goldstein arrives with more than 18 years of experience in investment banking and mergers and acquisitions advisory services.

05/05/2023

TD Bank and First Horizon decide to end their merger deal

The payment is in addition to the $25m fee reimbursement payable to First Horizon under the merger agreement.

05/02/2023

Jefferies and SMBC Expand and Strengthen Strategic Alliance, Broadening Joint Business Efforts and Increasing SMBC’s Equity Ownership in Jefferies

Jefferies and SMBC Group’s Strategic Alliance Expands to Additional Businesses, Including a Full Suite of Capabilities for U.S. Investment Grade Companies, to Further Enhance Investment Banking Services to Our Broad Client Base

04/28/2023

Raymond JAmes Financial Reports Second Quarter Of Fiscal 2023 Results

Record quarterly net revenues increased 7% over the prior year’s fiscal second quarter.

04/27/2023

Surging Earnings Estimates Signal Upside for JPMorgan Chase & Co. (JPM) Stock

Consensus earnings estimates for the next quarter and full year have moved considerably higher for JPMorgan Chase & Co.

04/24/2023

Making managing director at JPMorgan: Here’s how it happens

JPMorgan has a 'rigorous' five-month process for selecting it's new MDs.

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