12/26/2019
Merrill Lynch’s Andy Sieg Sees Further 20% Rise in Stock Market
There’s an upside scenario that could see the market up 20% from these levels.”
Investment Banking
12/24/2019
Deutsche Bank-Cerberus Advisory Agreement Set to End
Cerberus has been a paid adviser and a top shareholder of the German lender
12/11/2019
Top Investment Bank Slashes 1,500 Jobs
The decision to scale back was made when the bank saw its stock price surge 25% higher this year and reported strong earnings and corporate growth.
12/11/2019
US investment bank Stifel announces opening of Israel office
The Israel office, Raymond said, will enable Stifel to provide improved service and execution to clients operating in Israel or active in the Israeli market.
11/27/2019
Absa will be ‘globally scalable’ with US presence
Russon adds that Absa wants to be a “key enabler” of Africa’s success
11/25/2019
European banks slash $280bn from main US businesses
Deutsche Bank leads trend of moving assets into lightly policed branches
11/01/2019
Stifel completes European acquisition
The German bank also adds "significant capital raising capabilities" to Stifel’s equity issuance business.
10/29/2019
Bank of America Merrill Lynch incorporates 40 new model portfolios
They are available across investor profiles and tax approaches.
10/22/2019
U.S. banks' Brexit offices are ready in Paris and Frankfurt, but they're not hiring
Only JPMorgan and Citi don't seem to have shiny new premises in the French and German financial centres, although both are said to be looking for somewhere in Paris (presumably with a degree of desperation at this stage).
10/22/2019
BNY Mellon Investment Management "Fixed income. Not fixed thinking" National Research Study Finds Majority of Americans Surveyed Do Not Understand Fixed Income
Only 8% Accurately Define Fixed Income Investments; Nearly Half Have No Fixed Income Investments
10/21/2019
JPMorgan, SocGen earn W7.7 bil. from DLF fiasco
The lawmaker pointed out the financial services companies did not bear any risks in the process.
10/17/2019
Goldman Sachs Banks On Employee Experience To Drive Business Results
That data helps train managers to give employees the best experience – and get the best results.
10/16/2019
Pershing Unveils New, Centralized Portal for Investment Managers
Manager Gateway features a new, intuitive user interface
10/08/2019
Macquarie Investment Management Completes Acquisition of Assets Related to First Investors Funds Managed by Foresters Financial
In addition to the acquisition, Macquarie Investment Management will manage a portion of Foresters’ US general account to support its life insurance business.
10/07/2019
Barclays launches first-ever no-fee Exchange Traded Notes
Today marks another exciting day in the evolution of Barclays’ iPath platform with the introduction of the first-ever ETNs that have no investor fees, and the first-ever no-fee ETPs offering exposure to precious metals.
10/04/2019
Is U.S. Bancorp The New Poster Child For The U.S. Banking Industry After Wells Fargo’s Fall From Grace?
Trefis compares trends in key operating metrics for U.S Bancorp vs Wells Fargo over the last 4 years
10/04/2019
What to Expect From Morgan Stanley Earnings
Revenue, which came in at $10.2 billion for the quarter, took a hit from the 12% drop in trading revenue from a year ago.
10/03/2019
Schwab Just Cut Online Trading Commissions. Here’s What That Means For Investors.
For years, firms have competed to lower costs and meet growing demand for cheaper–or entirely free–investment products.
10/02/2019
What to Expect From JPMorgan Chase Earnings
Low and declining interest rates tend to reduce a key profitability measure for banks
09/27/2019
Bci buys Miami bank, expands LatAm presence
The acquisition will strengthen City National Bank’s position as the third-largest bank based in Florida, one of the most robust financial services markets in the nation