03/05/2015
Barclays’ investment bank is far bigger in New York than London.
Yesterday’s 2014 Barclays remuneration report revealed that 54% of Barclays’ millionaires are situated in the US
Investment Banking
03/03/2015
Citi to Sell OneMain Financial
Citigroup today announced that it has reached a definitive agreement to sell OneMain Financial Holdings, Inc. to Springleaf Holdings (NYSE: LEAF) for a purchase price of $4.25 billion
03/03/2015
Citi to sell OneMain to Springleaf for $4.25 billion
The sale of OneMain, which Citigroup has been seeking to hive off since 2011, is a major step in the No. 3 U.S. bank's plan to sell unwanted assets and focus on wealthier clients.
03/02/2015
Iberiabank Completes Acquisition of Florida Bank Group
The Tampa Bay market offers tremendous opportunities to expand our high-quality client base and branch footprint.
03/02/2015
Deutsche Bank bets big on U.S. for investment bank growth
Its target is to gain a presence in investment banking which is nearly as dominant.
02/27/2015
JPMorgan to streamline branch network, large deposits and technology and operations
The branch closures would also reduce the number of tellers as more consumers are doing banking through ATMs or through digital channels like online banking.
02/26/2015
Too Big to Pay Its Fair Share of Taxes?
Goldman Sachs’s latest financial report shows that the company avoided paying federal income taxes on almost half its United States profits in 2014
02/25/2015
JP Morgan acknowledged that it can't afford to screw up anymore
JPMorgan has acknowledged that it simply can't afford to screw up anymore.
02/23/2015
U.S. Money Managers Are Sending Cash Overseas
U.S. money managers are feeling the pull of foreign places.
02/22/2015
RBS could write down value of US bank Citizens by some £4bn
RBS also plans to lower its stake in Citizens to about a third this year, which will mean Citizens being deconsolidated from the RBS Group.
02/19/2015
Citi Announces $100 Billion, 10-Year Commitment to Finance Sustainable Growth
Citi has established new environmental footprint goals for 2020
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
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.