News Topic: investment banking

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

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

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. ... Read full article

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

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

The Bank of England fined Citi $57 million for failing to properly report capital and liquidity levels at its European investment bank and other global operations. ... Read full article

The credit bureau will consider borrowers’ rental payment history and professional licenses; bank looks to build business on the other side of the Atlantic. ... Read full article

Executives are deciding what roles could be relocated to lower-cost hubs such as Plano, Texas; Columbus, Ohio; and Wilmington, Del ... Read full article

Better-than expected trading results also helped to boost net income. ... Read full article

A healthy increase in consumer banking revenue also helped drive an 8% jump in profits at the nation's largest banking company. ... Read full article

Europe would feel the brunt of the reductions, which would affect about 4% of the bank's global workforce. ... Read full article

JWTT, created by former Wedbush Securities bankers, says it will use its connections to court business from other investment banks that were recently sold. ... Read full article

Mnuchin hopes to strike a deal soon to recapitalize the two mortgage giants, a prelude to privatization; the bank’s focus on mid-tier corporations is starting to bear fruit. ... Read full article

About 15% of the bank’s partners are likely to leave this year to make room for new ones; the bank said it is looking into why it charges some customers even after their accounts are closed. ... Read full article

The co-head of the bank’s securities division, 55, was once seen as a possible CEO; the institutions are gobbling up small banks at a record pace, prompting pushback from banks. ... Read full article

UBS promoted female bankers to key positions at the top of world's largest wealth manager, broadening the pool of potential candidates to eventually succeed Chief Executive Officer Sergio Ermotti and bringing more diversity to the board. ... Read full article

Bank of America is building up its teams focused on the world's wealthiest family offices, buyout firms and sovereign wealth funds to take advantage of a surge in dealmaking. ... Read full article

After years of keeping a low profile, banks plan to spend in next year’s elections; the digital currency has eyes on the unbanked. ... Read full article