10/06/2020
TD confirms ownership stake in The Charles Schwab Corporation following completion of transaction
The Stockholders' Agreement and the revised and extended long-term IDA Agreement between the Bank and Schwab are also now effective.
Investment Banking
10/02/2020
Santander Bank Expands Footprint with the Opening of a New Branch in Miami
Marks investment for Santander Bank in the important south Florida market
10/02/2020
Goldman Sachs to buy GM credit card business for $2.5bn
Deal would push Wall Street powerhouse deeper into consumer finance
10/01/2020
The Banker's Investment Banking Awards, 2020
Banks that have shown tenacity and determination to keep going and drive through deals within the most challenging of circumstances have come out on top in The Banker’s Investment Banking Awards for 2020.
10/01/2020
Morgan Stanley Receives Regulatory Approval to Acquire E*TRADE
Morgan Stanley and E*TRADE expect to complete the transaction on October 2, 2020.
10/01/2020
Wall Street banks net $64 billion in fees in bumper year for M&A and IPOs
The resurgence of activity across all areas of investment banking will come as a relief to bankers, as M&A deal making and IPOs ground to a halt at the height of the pandemic in March and April.
09/28/2020
BNY Mellon enters cash management collaboration with GTreasury
Under the new collaboration, BNY Mellon clients will have the opportunity to achieve greater visibility into their cash balances and more efficient utilization of these assets.
09/21/2020
Goldman Sachs : Acquiring Folio Financial, Inc. to Further Enhance Offering to Registered Investment Advisor Clients
This acquisition combines Goldman Sachs' decades of experience providing execution, clearing and custody capabilities to institutional and ultra-high net worth clients with Folio's state-of-the-art technology offering across the RIA market.
09/15/2020
Global banks left on the sidelines in Brazil’s IPO boom
Still, industry experts caution that, despite the shifting trends in 2020, it is too early to call a structural change in a market for IPOs that has been dominated by global banks for years.
09/13/2020
Goldman Sachs joins JPMorgan in asserting return to work after coronavirus office closures
Since mid-March, most Wall Street retailers and bankers have been working remotely; nonetheless with New York’s COVID-19 an an infection always remaining beneath 1% over the earlier month, corporations are beginning to grapple with how — or wh
09/13/2020
Trump’s Candidate to Lead Latin America Development Bank
The victory came after Argentina abstained in protest and urged other nations to join it.
09/11/2020
JPMorgan top brass tell trading-floor staff to come back to the office
Like most New York City office workers, Wall Street traders and bankers scattered to the winds when coronavirus shut down the city in March.
09/10/2020
UBS plans higher fees to push rich clients out of costly cash
At the end of June, depositors were given six months to decide whether to move a substantial amount of their holdings into investments or use other UBS services or face the increased charges, the person said, asking not to be identified as the matter is p
09/10/2020
Merrill Lynch curtails asset managers’ perks for advisors
Previously, third-party providers could pay for meals up to $300 per employee, per event, for a cumulative total not to exceed $1,000.
09/09/2020
Bank of America reports $7.5bn profit
Though the profits for H1 2020 showed a decline of 49% YoY, the bank’s performance beat expectations.
09/03/2020
Wells Fargo targeting up to 25% of workforce in mass layoffs
Another source who spoke under the condition of anonymity said Wells Fargo was targeting a workforce reduction of up to 25% of staff, or around 66,000 employees.
09/02/2020
TD enters into North American data-access agreement with Intuit
New agreement signifies alignment between TD and Intuit about access to customer financial data
08/28/2020
Banks eye layoffs as short-term crisis ends, long-term costs emerge
Bank staff could shrink by an average of 5-10%
08/24/2020
JP Morgan set to challenge the challengers with 2021 UK bank launch
JP Morgan will launch the bank under its Chase brand, which is a household name in its native US with over 51m customers and deposits of over $700bn, but remains little-known in the UK.
08/14/2020
Investment bank critics swing and miss
No excessive risk taking, no outsized bets, no more monster trading desks.