09/22/2022
Goldman Sachs is firing in places it was hiring only last year.
The latest news story, relating to “at least 25 investment bankers in Asia” gives us a few clues, but still leaves the big underlying question unanswered.
Investment Banking
09/21/2022
TD Securities invests in Canada's largest ever private conservation project, announces formation of ESG Solutions' Carbon Advisory Practice
$10 million investment in Nature Conservancy of Canada's work will help conserve more than 350,000 acres of Boreal forest and builds on TD's leading role in the carbon markets
09/20/2022
JPMorgan and Goldman are still top dogs in investment banking but business shrinks significantly in 2022
Investment bank revenue shrinks in 2022 as M&A activity takes up a bigger piece of the smaller pie
09/16/2022
Bank of America to offer paid sabbaticals starting next year
Employees who have served 15 years at the bank can take four weeks, with an extra week for 20-year vets, and a sixth for those with 30.
09/14/2022
JPMorgan warns of up to 50% drop in investment banking fees
Gloomy outlook underscores Wall Street anxiety over global economy and debt markets
09/12/2022
Bank of America enlists thousands of employees for wealth lending groupBank of America enlists thousands of employees for wealth lending group
The new organization will underwrite wealthy clients' margin loans, securities lending, mortgages and vehicle loans.
09/12/2022
Bank of America targets Miami with "zero down" mortgage program
BofA also has a separate but similar program, launched in 2019, that offers down payment grants in 69 markets across the country.
09/09/2022
Standard Chartered Leaders Recognized on 2022 Heroes Women Role Model Lists by INvolve
Six colleagues celebrated for championing women in business and driving gender diversity in the workplace
09/08/2022
BofA to Unveil Formalized Work-from-Home Policies
BlackRock, meanwhile, has already ordered all its employees to be at the office at least three days a week.
09/01/2022
The JPMorgan bankers trying to stop big cuts at Credit Suisse. Terror on the trading floor as Bloombergs are at risk
But there is also apparently a strong faction, led by former JPMorgan star Blythe Masters, prepared to make the case that it’s a bit more complicated than that.
08/29/2022
Bank of America invests more in its digital channels
Bank of America spends USD 11 billion on technology every year, including USD 3.6 billion set aside for new initiatives.
08/26/2022
Citigroup says it will close Russian consumer business
Citi joins other major Wall Street players which have also shut or announced plans to close operations in Russia, in line with sanctions imposed by Western countries.
08/26/2022
Here's what Goldman, J.P. Morgan, BAML and Morgan Stanley pay in the U.S.
That will mean lower bonuses for 2022, but all have hiked salaries considerably for junior talent, which continues to be in demand.
08/11/2022
Amundi US Expands ESG Offerings with Amundi US Equity ESG Improvers SMA
This ESG Improvers strategy may appeal to US investors looking for a core ESG holding with the potential to participate in the upside of companies that are expanding their focus on ESG.
08/02/2022
TD to Expand its U.S. Investment Banking Business and Capabilities with Acquisition of Cowen Inc.
Acquisition will create an integrated North American dealer, significantly accelerating TD Securities' U.S. growth strategy
07/25/2022
Goldman Sachs, JPM, Morgan Stanley hiring from Credit Suisse
In June, David Krap, Credit Suisse's EMEA head of technology media and telecoms M&A went to JPMorgan.
07/21/2022
Citigroup : Citi Named Best Investment Bank in Central America & Caribbean and Best Bank for Financing in Latin America
Citi Named Best Investment Bank in Central America & Caribbean and Best Bank for Financing in Latin America
07/20/2022
Jefferies Dumps Last Vestiges of Leucadia’s Merchant Bank
Leucadia agreed in late 2012 to purchase Jefferies for $2.8 billion and install Jefferies management as its top executives.
07/20/2022
Capital Clarity Celebrates Three Years of Excellence in Investment Banking
Capital Clarity combines the best of big bank and strategic experience with a bespoke, focused and agile boutique platform.
07/14/2022
Citi makes strategic investment in Illuminate Financial
The deal makes Citi a limited partner in Illuminate Financial’s venture capital approach.