10/27/2017
As Trump tax comes to floor, failure could spell stocks selloff
Bank of America Merrill Lynch said that a positive boost from taxes “had been priced out of stocks” in July but “has been making a solid comeback.”
Investment Banking
10/27/2017
Independent investment banks dwarfed by big banks
DBRS said the ability of these banks to recover any lost market share is restricted by inconsistent profitability and weakening credit fundamentals.
10/25/2017
Goldman plans private equity expansion to help offset trading funk
It is one of several initiatives Goldman has launched to add $5 billion to annual revenue after a slump in bond trading.
10/25/2017
Goldman Sachs is looking to invest in high-growth startups outside of Silicon Valley
Goldman Sachs, like many Wall Street banks, has seen its trading revenues decline in recent quarters.
10/19/2017
Japan's Mizuho Combining US Banking, Trust Banking Units
Mizuho Financial Group Looks To Consolidate U.S. Banking And Trust Banking Units
10/17/2017
Investment banking drives Goldman Sachs earnings higher
The market had expected that Goldman’s FICC business would struggle to match a Brexit-boosted period a year earlier.
10/13/2017
Goldman Sachs to buy mortgage lender Genesis Capital
Goldman is grappling with ways to boost revenue as trading.
10/11/2017
BofA Signs Lease for Paris Trading Hub Ahead of Brexit
Lender said to rent 100,000 square feet near Arc de Triomphe
10/10/2017
Goldman Becalmed in Asia
The outperformance of universal banks reflects their advantage in trading fixed-income products for companies, as opposed to the hedge funds and other institutional investors that are the preserve of Goldman.
10/03/2017
Global investment banking fees at 10-year high
Barclays was the best performing European bank, bringing in $2.6 billion.
10/02/2017
JP Morgan and BNY Mellon partner with IHS Markit for reporting service
JP Morgan, Deutsche Bank and BNY Mellon are among six banks working with IHS Markit as design partners for new reporting tool.
09/28/2017
BNY Mellon and Hazeltree Launch Treasury and Cash Management Solution
The initiative delivers BNY Mellon's full suite of cash, treasury and custody services through Hazeltree's advanced treasury management technology.
09/27/2017
BNY Mellon Leaders Recognized by American Banker as 2017 Most Powerful Women in Banking
They are each tackling tough business challenges and helping transform BNY Mellon.
09/27/2017
BofA Seeks Paris Office for Post-Brexit Trading Space
Bank of America initially plans to locate around 300 employees in the space which could accommodate about 1,000 people, they said.
09/27/2017
BNY Mellon launches US fund
"We aim to deliver consistent long-term investment returns well within our clients' risk profiles.”
09/24/2017
MUFG puts ‘boots on the ground’ in Canada capital markets bid
What we’re in the midst of now will be proverbial boots on the ground.
09/22/2017
Goldman Sachs slumps to its worst ever position in IB ranking
Fixed income trading woes relegate bank to joint third, its lowest since tables began
09/20/2017
Bank of America Merrill Lynch reshuffles European leadership
The American banker, who is a naturalised Briton and received an OBE for services to British banking, won plaudits for running UK Financial Investments, the body set up after the financial crisis to manage the government’s banking stakes.
09/19/2017
Jefferies' profit rises on healthy M&A, debt and equity deals
Despite posting record net revenue for the quarter, Jefferies’ trading revenue fell a 7 percent, hurt by lower volatility during much of the quarter.
09/18/2017
Baird poaches two wirehouse advisors with $325M in AUM
He joins Baird’s Nashville, Tennessee office, and previously worked with Wells Fargo, per BrokerCheck.