02/18/2015
BofA Board Cuts CEO Moynihan’s Pay 7.1% to $13 Million
Bank of America Corp. cut Chief Executive Officer Brian T. Moynihan’s pay 7.1 percent for last year to $13 million after profit dropped by more than half
Investment Banking
02/18/2015
JPMorgan Weighs Leaner Trading Units as Rules Hit Profitability
Global investment banks such as Credit Suisse Group AG and Morgan Stanley have scaled back fixed-income trading
02/12/2015
Bank of America financed controversial trades using US banking unit
In 2014, Bank of America quietly began putting an end to the controversial practice of using funds from its government-backed unit to finance transactions
02/11/2015
Greenhill Expands Capital Advisory Capabilities through Acquisition
Greenhill and Cogent are highly complementary businesses and were founded on similar business models.
02/10/2015
Brady Dougan Holds Course at Credit Suisse Despite Tough Markets
The Credit Suisse CEO sticks to the One Bank strategy of investment banking and wealth management as new capital rules pose his toughest challenge yet.
02/10/2015
JPMorgan Worker Choked Wife to Death Before Suicide, Police Say
A JPMorgan Chase & Co. employee strangled and stabbed his wife to death before turning the knife on himself
02/10/2015
Goldman Sachs Gives Breakdown of Fixed-Income Trading Revenue
Goldman Sachs typically has only provided its total revenue from fixed-income trading
02/09/2015
J.P. Morgan realigns executives to better integrate its businesses
Until last year, Mary Erdoes, CEO of J.P. Morgan Asset Management, oversaw the New York-based money manager's investment management operations
02/07/2015
John Whitehead, former leader of Goldman Sachs, dies at 92
He was a chairman of the Federal Reserve Bank of New York and a member of the board of the New York Stock Exchange.
02/06/2015
Investec and State Street commit to another 7 years
Investec Asset Management has extended its relationship with State Street corporation for another seven years
02/05/2015
3 More Former J.P. Morgan Reps Suspended, Fined by FINRA
DeFilippis, however, grew concerned when the customer closed his securities account in October of 2013
02/05/2015
U.S. investor Excellere Capital eyes Austrian "bad bank" Heta
It gave no financial details, but said its approach envisioned "no haircut for Heta debt holders"
02/05/2015
HDFC Bank Raises $1.6 Billion From Share Sale
Indian Lender to Use Proceeds to Fund Growth and Bolster Reserves
02/04/2015
Warren Buffett’s Broker to Retire From Citigroup
When Warren Buffett got a cell phone, the first call he made was to his stockbroker at Citigroup Inc.
02/02/2015
BAML hires Pani for Mexico role
Bank of America Merrill Lynch has hired Enrique Pani as head of investment banking in Mexico.
02/02/2015
Canaccord Genuity announces workforce reduction in its global capital markets business
The plan will primarily affect UK & Europe
01/30/2015
Does BofA's Brian Moynihan get more jet perks than any other Fortune 100 CEO?
Brian Moynihan, chairman and CEO of Bank of America Corp., received in 2013 almost half-a-million dollars in corporate jet perks
01/29/2015
BofA Merrill Wins Eight Global and Regional Industry Awards for Transaction Banking Innovation and Excellence
Bank of America Merrill Lynch was recently named winner of eight awards by financial trade publication
01/28/2015
Investment banks can benefit from online intelligence
It’s no secret that more bulge bracket trading desks are turning to online intelligence predominantly social media to obtain breaking news and views ahead of traditional wires.
01/26/2015
Bank of America expands into 2 new states, even as it cuts branches elsewhere
Bank of America did a thing this week it hasn’t carried out in far more than a decade: celebrated the opening of a branch in a new marketplace.