06/10/2025
Goldman Sachs is cutting 317 jobs in New York
This month, it's cutting several hundred jobs in New York City.
Investment Banking
06/09/2025
French bank quant director leaves after a decade for Bank of America
As their influence grows, a director in the QIS team of one major European bank has just left for the QIS team of an American rival.
05/30/2025
CIBC profit rises on capital markets strength
U.S. President Donald Trump's shifting trade policy fueled volatility in markets and forced investors to rejig their portfolios to minimize losses, helping banks' trading desks to collect more fee income.
05/23/2025
115,000 people have left Goldman Sachs. Few do this next
CompaniesMarketCap, a public data tracker, estimates that there are 5,522 companies in the world with a market capitalization of at least $1bn.
05/20/2025
JPMorgan expects dealmaking fees to drop, keeps CEO succession plans steady
The combination of inflation and large fiscal deficits may constrain the available policy responses in ways that further increase the risk.
05/19/2025
JPMorgan upgrades emerging market equities as Sino-US trade war eases
J.P.Morgan remains positive on India, Brazil, the Philippines, Chile, the UAE, Greece, and Poland within emerging markets, and sees a promising opportunity in China, particularly in technology stocks.
05/15/2025
ABN AMRO MeesPierson foresees economic slowdown, reduces equity position
The tariffs remain high even now that the first trade agreements have been signed, ABN AMRO MeesPierson notes.
05/13/2025
JPMorgan lifts China growth forecasts after 'surprisingly positive' US deal
"We no longer expect the (Chinese) government to introduce additional fiscal stimulus later this year," they also added.
05/01/2025
2025 Specialty Asset Management Outlook Released by Bank of America
Amid elevated long-term interest rates and persistent inflation, investors turn to real assets to help mitigate market risk
04/29/2025
Boutique bank PJT is stacking up on partners as it cuts heads and pay
The bank now has 129 partners, an 8% increase on the number at the end of 2024.
04/25/2025
State Street reports 39% surge in Q1 2025 profit
The company has reported $3.28bn in revenue in Q1 2025, a 5% increase from $3.13bn in Q1 2024.
04/17/2025
Top 10 biggest US banks by assets: Data drop
Cincinnati-headquartered U.S. Bank ranks fifth with $662.9 billion in consolidated assets.
04/15/2025
Goldman Sachs Reports 2025 First Quarter Earnings Per Common Share of $14.12 and Annualized Return on Common Equity of 16.9%
Diluted earnings per common share (EPS) was $14.12 and annualized return on average common shareholders’ equity (ROE) was 16.9% for the first quarter of 2025.
04/15/2025
Bank of America boosts profit on trading gains, interest income
Equities trading jumped 17% to a record $2.2 billion, while fixed income, currencies and commodities trading revenue jumped 5% to $3.5 billion, propelling its markets revenue to the highest in more than a decade.
04/15/2025
Wells Fargo Expands Technology Banking Team Amid Tech Sector Growth
The growth of the Technology Banking team, which is part of Wells Fargo Commercial Banking’s Specialized Industries group, is being driven by the U.S. tech sector’s growth
04/11/2025
BNY Reports First Quarter 2025 Results
Management will host a conference call and simultaneous live audio webcast at 11:00 a.m. ET today.
04/07/2025
Goldman Sachs raises odds of US recession to 45%, second hike in a week
That, though, is higher than Wells Fargo Investment Institute's (WFII) 1% growth forecast, while J.P.Morgan estimates a 0.3% contraction, on a quarterly basis.
03/31/2025
Goldman raises odds of US recession to 35%
Trump said on Sunday his reciprocal tariffs, to be announced this week, would include all countries and not a more limited number, rattling financial markets globally over fears of an economic slowdown.
03/21/2025
Is The Bank of New York Mellon (BK) Among The Best Bank Stocks To Buy According To Billionaires?
Rising unemployment, weaker business investment, and high consumer debt, which now stands at a record $17.7 trillion, could put additional pressure on the financial system.
03/21/2025
Morgan Stanley Investment Management Provides $125 Million Debt Financing to FreshBooks
This investment will refinance existing debt and is expected to fuel the company’s continued growth.