News Topic: investment banking

The investment bank agreed to buy Business Bancshares in St. Louis. ... Read full article

The German banking giant isn’t targeting a specific level of cuts in the U.S. and the final figure will depend on each business line’s decisions, a source said. The U.S. makes up about one-tenth of its global workforce. ... Read full article

The measures will lead to a “significant reduction” in the roughly 97,100-person workforce this year, the German banking giant said. ... Read full article

Live Oak Bancshares wants its next bank president to “step on the gas” as it accelerates growth into new industries. ... Read full article

The Cleveland company's acquisition of a boutique investment banking firm contributed to an increase in its fee income. ... Read full article

Barclays has been gauging clients' interest in the British bank starting a cryptocurrency trading desk, potentially joining Goldman Sachs in pioneering a new business on Wall Street, according to people with knowledge of the matter. ... Read full article

Bank of America Corp. hit a milestone in its years-long effort to get costs under control. ... Read full article

The firm warned Friday that it may take a charge of as much as $1 billion to settle a U.S. probe of its consumer business. ... Read full article

Revenue and profit for the first three months of 2018 rose to all-time highs, the bank said Friday, spurred by record results from stock trading. ... Read full article

Deutsche Bank is said to be conducting a fresh review of its trading businesses, an overhaul that CEO John Cryan is pursuing to help restore profitability amid reports that the bank is seeking to replace him. ... Read full article

The holding company for Union Bank — itself a unit of the Japanese giant Mitsubishi UFJ Financial Group — is on a mission to double its size and become one of the nation's 10 largest banks. Under Steve Cummings, its first-ever American CEO, MUFG ... Read full article

It can be hard for bankers to carve out opportunities to tackle complex problems in today’s always-on culture, but it’s important for getting ahead. ... Read full article

As they cement major partnerships, launch overseas operations and court banks and other institutional investors, top cryptocurrency exchanges now see regulatory approval as a competitive advantage. ... Read full article

The acquisition of Coker Capital Advisors would be the fifth nonbank deal for the Cincinnati company in the past year. ... Read full article

Speculation has existed for awhile that JPMorgan Chase could be the first of the megabanks to name a woman chief executive, but the elevation of executives Daniel Pinto and Gordon Smith to co-presidents and co-COOs seemed to put them in the lead to succeed ... Read full article

Fitzsimmons, who had recently covered banks for Hovde Group, will become FIG Partners' deputy director of research. ... Read full article

JPMorgan Chase & Co.’s equities business took a big hit from Steinhoff International Holdings NV last quarter. ... Read full article

Bank of America Corp. told investment bank employees they'll soon be able to take off up to an additional six weeks in a year — with pay. ... Read full article