05/24/2018
Top banks' first-quarter commodities revenue jumps 48 percent - report
“Significantly higher U.S. power and gas results were driven by improved market conditions and some one-off transactions,” Coalition said.
Investment Banking
05/22/2018
Citi Appointed Successor Depositary Bank for YY Inc.’s Sponsored ADR Program
“Citi is proud to be appointed by YY as depositary bank for its ADR program,” said Dirk Jones, Head of Global Issuer Services at Citi
05/22/2018
Morgan Stanley Bank, N.A. Receives Highest Rating from Office of the Comptroller of the Currency for Community Reinvestment Initiatives
The nation’s only bank-sponsored Impact SBIC promotes economic development with a focus on low- and moderate-income communities and rural areas.
05/21/2018
Investment banks line up rebound in revenues
Citigroup expects recovery from fall of about 15% in first 5 months of the year
05/17/2018
JPMorgan and eBay under fire over shareholder meetings
Companies are among those trying to halt a burgeoning campaign to increase oversight
05/11/2018
JPMorgan Applies for China Venture Control After Dimon Visit
JPMorgan Brokering (Hong Kong) Ltd. is seeking permission to take a 51 percent stake in a local entity
05/10/2018
Scotiabank to acquire 51% of Banco Cencosud in Peru
"This transaction also aligns to Scotiabank's broader international strategy to increase scale in the Pacific Alliance economies of Mexico, Peru, Chile and Colombia."
05/09/2018
Deutsche Bank Denies Planning to Cut U.S. Workforce by 20 Percent
Germany's flagship lender was expected to cut about 1,000 jobs, or 10 percent of its staff in the United States
05/08/2018
Endowment Plans Beat First Dip in Plan Sponsor Returns Since 3Q 2016
In a reversal from 4Q 2017, corporate and health care plans underperformed, with quarterly returns of -478bp, and -432bp respectively.
05/03/2018
AllianceBernstein to bring 1,000 jobs to Nashville, boost city's financial stature
“This is literally the global headquarters of a major financial firm that is coming to Nashville. We are incredibly grateful you have chosen us."
04/27/2018
BofA not pushing for investment banking in China
China plans to allow foreign firms to take majority stakes in securities JVs this year.
04/27/2018
Deutsche Bank calls time on Wall Street in retreat to Europe
Other European banks have also tried and failed over the years, often hiring bankers at great cost or buying smaller Wall Street players in the hope of gaining critical mass.
04/26/2018
Deutsche Bank profit tumbles 79% amid big overhaul
The bank's companywide revenues declined 5% to EUR7 billion in the quarter.
04/22/2018
Chase to open hundreds of offices in U.S. even as rivals abandon bank branches
The new branches will mean households and businesses in the region can tap Chase for mortgages and small-business loans, establishing a regional lending footprint that the company estimates will reach $4 billion by 2023.
04/18/2018
Goldman's faith in roaring markets met with skepticism on Wall Street
Goldman reported gains in all four of its major business units, especially trading, as a surge in volatility led customers to transact more in capital markets.
04/16/2018
When investment banking doesn’t pay
European investment banks like Deutsche are still trying to catch up with their US rivals. Is it really worth the effort?
04/13/2018
JPMorgan, Citi Results May Prove Whether Higher Rates Pay Off
The big focus for investors will be on how favorably the Fed’s December rate increase and a steeper curve
04/05/2018
Top UBS Banker Has ‘Very Aggressive Plan for U.S.’
Within three to five years, UBS aims to double the number of client-facing senior-level bankers in the Americas
04/03/2018
Morgan Stanley to Cut Brokers’ 12b-1 Commissions
The brokers tell the website they won’t take a cut of 75 basis points lying down.
04/03/2018
BNP Paribas and Janus Henderson complete transaction
Claudine Gallagher, head of the Americas for BNP Paribas Securities Services, said: “We have a long-standing relationship with Janus Henderson and are pleased to further this partnership.”