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Twist: Wells Fargo to buy Wachovia

October 3, 2008 — 8:07am ET | By Jim Kim
Wow! The world thought Citigroup had a government-assisted deal to buy Wachovia's banking operations for $1 a share. But that deal seems to have been scuttled for a better deal (for shareholders)... Read more...

Credit crunch to lead to more outsourcing

August 13, 2008 — 5:49pm ET | By Jim Kim
We've been talking for years about how more financial services firms are outsourcing more knowledge-oriented work abroad. Junior level research and analysis started getting offshored a few years ago.... Read more...

Whither Bank of America investment banking?

October 19, 2007 — 6:59am ET
"I've had all of the fun I can stand in investment banking at the moment." So says Bank of America CEO Ken Lewis. It would take a masochist to enjoy what the bank has endured in its... Read more...

Goldman Sachs' assets top $1 trillion

October 16, 2007 — 6:59am ET
Financial News Online notes that Goldman Sachs' assets have topped $1 trillion for the first time. Morgan Stanley entered the club last year. So what you have is the top investment banks gaining a... Read more...

JPMorgan earnings reflect dual trends

April 18, 2007 — 8:01pm ET

An interesting theme is emerging in top commercial bank earnings this quarter. All the banks... Read more...

Citigroup to outsource jobs?

March 25, 2007 — 8:01pm ET

CEO Charles Prince addressed Citigroup's 22,000 employees in India and noted that future growth... Read more...

Update: China continues to open market

December 11, 2006 — 8:01pm ET

A World Trade Organization deadline by which China was required to open its retail banking market passed this week, and eight foreign banks submitted applications to operate local-currency banking... Read more...

So you wanna dance? Wong wins $8M from instructors

September 6, 2006 — 8:01pm ET

Well known chief of HSBC's Asian private banking operations, Mimi Monica Wong, also harbors a passion for dance: paying more than $15 million over eight years to two big-name dance instructors.... Read more...

Mergers boom but fees decline

July 2, 2006 — 8:01pm ET

BusinessWeek makes an astute point: The record-breaking deal market keeps on breaking records, but investment banking revenue has dropped 29 percent from the record level of 2000, the... Read more...

JP Morgan beats estimates

April 19, 2006 — 8:01pm ET

JP Morgan beat analysts' estimates by two cents in the first quarter. The storyline is familiar: Investment banking revenues soared. In fact, they hit a quarterly record of $4.7 billion.... Read more...

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