investment banking

Fortress hires former Wells Fargo CEO Sloan as senior adviser

03/03/20

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

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Citi fixed-income trading surges 49%

01/14/20

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

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

01/06/20

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

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

12/27/19

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.

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

12/11/19

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

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RBC's profits fall amid tough times for investment banking

12/04/19

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

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Citigroup hit with record U.K. fine for incorrect reporting

11/26/19

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.

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Experian offers help to borrowers; Goldman scouts Europe

11/07/19

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

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JPMorgan weighs shifting thousands of jobs out of New York area

10/28/19

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

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Citi's 3Q profit aided by growth in card revenue

10/15/19

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

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