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Investment Banking

06/04/2018

Abraaj expands role of Houlihan Lokey as creditors circle -sources

The Middle East and Africa’s biggest private equity fund, which denies any wrongdoing, has been seeking a buyer for the unit as it tries to alleviate pressure from investors and creditors.

06/04/2018

CEO Brian MCEO Brian Moynihan Overhauls And Streamlines Bank of Americaoynihan Overhauls And Streamlines Bank of America

This past quarter was no exception.

06/01/2018

The number of new banks in America has fallen off a cliff

One brave soul in Texas shows that it can still be done

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.

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

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