10/11/2022
Goldman Sachs’ Custody Unit Signs $1B Breakaway Team from Merrill
Goldman Sachs jumped into the RIA custody business when it purchased Folio Financial in September 2020, but the unit has been relatively quiet the last two years.
Investment Banking
10/06/2022
Scotiabank named Investment Bank of the Year for the Americas by The Banker
Prestigious recognition adds to Scotiabank's strong award-winning year
10/06/2022
Scotiabank named Investment Bank of the Year for the Americas by The Banker
Prestigious recognition adds to Scotiabank's strong award-winning year
09/30/2022
RBC cuts 10 investment banking jobs in U.S., spokesperson says
RBC's U.S. business includes retail banking, capital markets, wealth management and treasury services and wealth management.
09/30/2022
Exclusive: JPMorgan to hire about 2,000 engineers even as economy softens
The roles will be across the bank, including in general software engineering, data science, cybersecurity and cloud computing, among other areas.
09/26/2022
Goldman Sachs' bankers get their marching orders as Wall Street starts to purge under-performers
Layoffs are hitting Goldman Sachs in a sign of the pain inflicted by a slowing economy.
09/26/2022
Advisor Overseeing $4.5B Ditches Merrill for Independence
Ash Chopra has launched Syon Capital in San Francisco.
09/26/2022
Bank of America Always Expected a Big Year From Its Loan Business. Now, It Might Be Even Better
The Fed has not only raised rates, but it's raised them aggressively, much more so than anyone would have likely imagined when the year began.
09/23/2022
Citrix debt deal prices with large losses for banks
Bank of America, Credit Suisse and Goldman Sachs lose $500 million on debt for Citrix buyout in a troubling sign for private equity dealmaking.
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.
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.