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Investment Bank
Latest Headlines
Latest Headlines
Bank reporting period on deck
JPMorgan Chase gets the bank reporting period underway this week, as it is scheduled to release its fourth quarter results on Friday.
While analysts are less bearish on JPMorgan than they are on other banks, few are betting on a huge revenue breakout. The entire industry remains revenue ch
Smaller investment banks, boutiques under pressure
So what will the New Year bring for investment banks?
Obviously, they've been in downsizing mode. Banks slashed jobs as macro concerns squashed the early year bump in core advisory and deal business. Amid this loss of demand, new regulations will likely have an outsized effect.
Breakingv
Goldman Sachs to expand in asset management
We've long suggested that Goldman Sachs CEO Lloyd Blankfein would not step down until he could do so without appearing to be pressured, either by the board or regulators. Blankfein would also like to the set the bank up for the industry's next era and put his stamp Goldman Sachs going forward.
Goldman Sachs fares well in global deal advisory work
As 2010 was closing, we speculated about how investment banking loomed as a critical driver of revenue growth in 2011.
It seemed conditions were ripe for investment banks to reassert themselves as contributors to revenue growth, while many expected the contribution from trading to sag. But it
Big-name IPO prices decline in aftermarket
There's only so much an investment bank can do to support an IPO stock in the aftermarket.
Back in the dotcom heyday, there were lots of deals that obligated various firms to support the stock in exchange for an allocation. The idea was to get the stock off to a good start and then watch it so
UBS stumbles, rogue trader case proceeds
The Kweku Adoboli scandal has been nothing short of a nightmare for UBS.
The rogue trader's $2.3 billion losses prompted the resignation of CEO Oswald Grübel and the co-heads of equities. Eight people in the delta trading division were suspended and multiple private and public probes have been
More analysts expect a Goldman Sachs loss
As the bank earnings reporting derby gets underway, a big question is whether Goldman Sachs will post a loss for the third quarter, which would be only the bank's second loss as a public company.
As of now, the ranks of sell-side stock analysts predicting a loss has grown to 13. The latest to
Wells Fargo mulls Morgan Stanley purchase
The prognosis for Morgan Stanley--once among the mightiest of Wall Street firms, with a rich and proud history--has become so bleak that some are speaking about it as a takeover candidate.
One the possible buyers would be no less than Wells Fargo, a California-based bank that in many ways seem
Tom Montag possibly heir apparent at Bank of America
The Bank of America situation is nothing if not fluid. For a strong reflection of that, we need only note that people are already talking about Thomas Montag as the successor to current CEO Brian Moynihan.
This is all a bit premature, despite the speculation that it could happen sooner rather
Citadel to shut down investment bank operations
There was time not so long ago when the alternative asset managers seemed liked they were poised to compete with Wall Street's top broker dealers. Flush with massive profits and hubris, various private equity firms like KKR and hedge fund-oriented firms like Citadel boldly proclaimed their intenti
