investment banking

The high court's CFPB ruling; Wells to cut dividend in Q2


Supreme Court says the president has the power to remove the director at will; the bank is the only one of the six largest U.S. banks to say they will cut their dividend next quarter.


Big banks' best defense in a pandemic: A diversified strategy


A properly deployed combination of asset-based lending, commercial loans and investment banking is imperative in these circumstances.


Justice Department targets PPP fraud; Wells (again) under the microscope


Prosecutors charge two Rhode Island men with trying to rip off the program; the bank says it has received “inquiries” from state and federal officials on its offering of small business loans.


Banks urgently pitch investors on lending to needy companies


Investment bankers have are trying to drum up interest from investment firms and hedge funds to provide tens of billions of dollars in financing to companies in industries upended by the coronavirus.


Fortress hires former Wells Fargo CEO Sloan as senior adviser


Tim Sloan, the former chief executive officer of Wells Fargo, joined Fortress Investment Group as a senior adviser.


Citi fixed-income trading surges 49%


The rebound, combined with strong earnings from debt underwriting and consumer banking, pushed net revenue for the period to the highest since 2015.


Citi’s investment bank plans to hire 2,500 coders this year


The institutional clients group will add the jobs in New York, London, Shanghai and several other cities across the globe.


Global banks cutting nearly 80,000 jobs this year, most since 2015


Morgan Stanley is the latest firm to make a year-end efficiency push, eliminating about 1,500 jobs, according to people familiar with the matter.


HSBC's CEO search ending where it began: Signs point to Quinn


Named interim CEO in August, Noel Quinn now appears to be the front-runner to lead the global bank's next turnaround.


RBC's profits fall amid tough times for investment banking


The decline in revenue from capital markets undercut gains in consumer banking and pushed fiscal fourth-quarter earnings below analysts’ expectations.