12/25/2013
JPMorgan tops in muni funds despite outflows
Its Intermediate Tax Free Bond Fund outperforms most of its rivals
Investment Banking
12/18/2013
Citigroup Said to Keep Bonuses Flat or Down for Bankers, Traders
Citigroup Inc.’s bonuses for investment bankers and traders probably will be little changed or drop from last year as the third-largest U.S. lender seeks to reduce costs, according to a person briefed on the policies.
12/17/2013
Jefferies Reports Record Fiscal Fourth-Quarter 2013 Financial Results
Jefferies Group LLC today announced financial results for its fiscal fourth quarter 2013.
12/16/2013
JPMorgan Chase & Co said to exit global investment unit- source
JPMorgan, which offers investment banking, asset management, treasury and securities services, private banking, commercial banking, card member services and home finance to institutions, business enterprises and individuals, is the biggest bank in the US.
12/12/2013
Revere Capital Launches Merchant Banking Unit
All three have been recruited externally and bring with them experience in private equity, investment banking, commercial banking, consulting and operating experience at firms including CIT Equity Investments, Deloitte & Touche, Fortis Private Capital
11/26/2013
UBS Investment Bank Bans Use of Multi-Bank, Social Chat Rooms
Regulators have targeted traders’ electronic messages, using them as evidence of wrongdoing in their investigations into the manipulation of benchmark interest rates and foreign- exchange markets.
11/26/2013
Alfred Feld, Goldman Sachs’s 80-Year Employee, Dies at 98
He said his wealth-management strategy was to stick with the stocks of good companies, including Procter & Gamble Co. and Merck & Co., two longtime favorites.
11/20/2013
Oppenheimer's Investment Banking Division Announces Creation Of The Private Shares Group
As part of the agreement, Boaz Rahav, Greencrest's founder, has joined Oppenheimer as Managing Director to establish and lead the firm's Private Shares Group.
11/13/2013
JP Morgan, Citi Win Bigger Share of Investment Banking Revenue
U.S. investment banks JPMorgan Chase & Co and Citi saw their share of investment banking revenue increase more than any of their peers in the first nine months of the year
11/12/2013
Goldman Sachs Announces New Managing Directors
The Goldman Sachs Group, Inc. today announced that it has selected a new class of Managing Directors as of January 1, 2014, the start of our next fiscal year.
11/06/2013
Guggenheim Securities boosts Structured Products team
Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, today announced the hiring of Cory Wishengrad as a senior managing director.
11/03/2013
A Morgan Stanley banking salve
A lot of folks want to continue to believe that the banking system is in trouble
11/02/2013
Morgan Stanley Establishes Institute for Sustainable Investing
Institute to Drive Capital Toward Investments Supporting Global Sustainability and Advance Innovation and Scholarship to Broaden Market-Based Approach
10/23/2013
Lazard Profit Jumps As Asset Management Revenue Rises
Investment bank and asset manager Lazard Ltd reported better-than-expected quarterly earnings on Thursday
10/22/2013
Jamie Dimon Steers JPMorgan Through Rough Waters
“Complicating matters for the bank, Mr. Dimon is inextricably linked to the settlement,” the paper said. "With the government, he assumed the role of chief negotiator. And at the bank … he remains its chief cheerleader.”
10/22/2013
Jamie Dimon Steers JPMorgan Through Rough Waters
“Complicating matters for the bank, Mr. Dimon is inextricably linked to the settlement,” the paper said. "With the government, he assumed the role of chief negotiator. And at the bank … he remains its chief cheerleader.”
10/22/2013
Morgan Stanley Joins BofA in Broker Recruiting Truce
Morgan Stanley and Bank of America Corp. say the days of paying big bonuses to lure each other’s brokers and keep their own in place may be ending.
10/22/2013
Evercore Profit Beats Estimates as Advisory Revenue Climbs
Getting market share improvement from productivity enhancement is an encouraging thing
10/21/2013
Signature Bank Reports 2013 Third Quarter Results
Net Income for the 2013 Third Quarter Reached a Record $60.2 Million, or $1.25 Diluted Earnings Per Share, an Increase of $12.5 Million, or 26.1 Percent, from $47.7 Million, or $1.00 Diluted Earnings Per Share, Reported in the 2012 Third Quarter. Excludin
10/16/2013
Goldman Sachs Slashes Bankers’ Bonuses by 35%
Fixed income trading revenue plummeted 44%, far more than declines posted by its competitors.