11/20/2014
Miller “was highly regarded at Citi and across the financial services industry as a thought leader and tireless advocate for environmental and sustainable business practices,” bank executives wrote in a memo to employees in his division. &ldqu
11/19/2014
That was an era before investment banks such as Merrill Lynch & Co. and Goldman Sachs Group Inc. (GS) ramped up borrowing to inflate returns.
11/14/2014
TD Ameritrade Weighs Expansion into Asia
He did specify when a decision might be made on overseas expansion but said TD Ameritrade's management and board are now discussing scenarios for use of excess cash.
11/14/2014
Morgan Stanley deferring more broker compensation in 2015
Grid levels remain unchanged, but a greater portion of payout will be tied to vesting requirements, company stock
11/13/2014
Merrill Lynch 'goals-based' accounts to reach $200 billion milestone
Consultant says the wirehouse's overhaul of its managed accounts platform fits “fiduciary era”
11/12/2014
Evercore’s Core Value
Investment banking can be a volatile segment of the economy, especially when the stock market is in a state of turbulence itself.
11/05/2014
Minimum credit rating for Barclays’ flagship WGILB and EGILB indices to be lowered to Baa3/BBB- from A3/A-
11/05/2014
Bank of America Corp’s (BAC) investors were reportedly left upset after Brian Moynihan, the company’s chief executive, was also appointed chairman.
10/27/2014
The financial crisis did curious things to Wall Street. Firms were gone overnight, once-powerful CEOs were never heard from again, and a whole new regime of power reorganized itself from the chaos.
10/24/2014
Joint ventures between Chinese financial services firms and foreign counterparts have run into trouble recently, with defaults mounting among local partners amid a slowing economy.
10/20/2014
The bank has selected 12 members to start the program, which will offer access to bank loans, members of the investment bank’s staff, and an ability to share tips and tactics for growing their business ventures among the membership.
10/19/2014
JPMorgan Chase has not said how many individual customers or accounts were affected, instead using the number of households, according to The Huffington Post.
10/17/2014
The amount of money it has set aside for compensation is more or less unchanged, as is the average compensation per employee, at around $320,000 for the first nine months of the year.
10/17/2014
Top Goldman Sachs Group Inc executives are determined to keep compensation costs under control.
10/16/2014
Tom Braithwaite and Camilla Hall in New York and Daniel Schäfer in London
10/13/2014
Investment banking executives and recruiters say bonuses for 2014 are shaping up to be in line with or slightly better than last year, dampening expectations of a return to big paydays despite a jump in local capital markets and merger activity.
10/09/2014
JPMorgan’s fixed-income trading revenue fell 14 percent to $10.6 billion in the first nine months of 2014, the steepest drop among the five largest Wall Street banks, according to data compiled by Bloomberg for the first half and analyst estimates f
10/06/2014
An analysis of its recent performance reveals that Goldman is nowhere near the champion of old.
10/03/2014
We will continue to grow where we are already strong, such as in equity derivatives, but also re-expand our footprint not just in Europe but also the US and Asia
09/23/2014
Mizuho decided to sell the stakes because of the Volcker Rule