09/01/2015
New patent helps RBC enter mobile-payment battleground
Mobile payments technology has emerged as a key battleground among banks and technology companies as consumers show a keen interest in using their smartphones as wallets.
Investment Banking
08/31/2015
Citi aims to boost equities franchise amid industry shakeout
It will be tough to dislodge leaders such as Goldman Sachs Group, Morgan Stanley, and JPMorgan Chase & Co, that have long dominated the business.
08/31/2015
BNY Catches Up With Pricing Backlog
Bank says net asset values for funds complete through Friday
08/30/2015
BofA investors to vote on Moynihan roles
Several big investors seem poised to vote against the recombining of the roles.
08/27/2015
First Data chooses Citigroup, Morgan Stanley to lead IPO
The initial registration statement that was filed on July 20 did not list which banks would underwrite the issue.
08/25/2015
BTG Pactual Chile Cuts 10 From Wealth-Management Unit Workforce
We did an adjustment in the wealth-management unit in order to fortify our regional composition and to update our structure for the integration with BSI
08/24/2015
Wells Fargo plans to hire investment bankers
The bank would like to add a few investment bankers in equities underwriting, as well as others who call on technology and healthcare sector companies
08/18/2015
The Hot Thing for Wall Street Banks: Capital-Relief Trades
Tactic flatters their capital positions without raising extra funds
08/18/2015
KPMG Corporate Finance Adds Energy Practice From Investment Bank Ewing Bemiss & Co.
This energy industry addition follows the June 2014 acquisition of St. Charles Capital by KPMG CF.
08/18/2015
J.P. Morgan Expected to Settle With SEC on Investment-Steering Case
Settlement could be announced in coming weeks
08/17/2015
Morning Coffee: Bob Diamond’s empire building, when investment banks’ interns rebel
Not such a big deal, you might think, but the suggestion is that Diamond is eyeing up stakes in other trading businesses, some of which may even be sold by large investment banks.
08/14/2015
Goldman to Buy GE Online Bank With $16 Billion of Deposits
The acquisition won’t include any physical assets, and the only financial assets are cash associated with the deposits
08/14/2015
Citi’s Bad Bank Was Good Experience for Corbat
The challenge, though, was finding someone to run a bank unit whose main purpose was to eventually go away.
08/11/2015
Why Bank of America Is Selling Appraisal Business?
The company’s selling of assets also help to realize savings from expenses.
08/11/2015
Bank of America's Turnaround Ain't CEO Brian Moynihan's First Rodeo
Like other banks around the turn of the century, FleetBoston found itself in trouble
08/11/2015
JPMorgan dominates 2015 100 Club list
The higher number of member funds across both equity and bond sectors means the firm has secured its place in the Large Investment Group category for the third year running.
08/11/2015
The investigation of the JPMorgan hack plays on through bitcoin, fraternity brothers and more
It is unclear exactly what links investigators may have to found to tie the persons of interest to JPMorgan hack.
08/11/2015
Citi poaches Deutsche Bank executives to bolster prime brokerage
The prime brokerage industry, which generates revenues for investment banks by providing services to hedge funds such as stock lending and leverage
08/10/2015
A golden goose for investment bankers has stopped laying eggs
There's three key things that private equity firms pay the investment banks for: acquisitions, loans, and stock and bond sales.
08/10/2015
J.P. Morgan’s Fund Chief Swims Against the ‘Passive’ Tide
George Gatch says firm will have to step up to continue attracting investors