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Investment Banks
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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
Race to lead Facebook IPO
So who will win the coveted role of lead underwriter for the expected Facebook initial public offering?
The expected deal ranks with the IPOs of Google and Microsoft in terms of strategic significance, not to mention fees. Lots of revenue and bragging rights are on the line. The two front runn
Investment banking fees slump
We've been discussing commercial bank fees ad nauseam recently and speculating about how the big consumer banks would make up for a variety of lost fees. But consumer banks are hardly the only ones suffering a fee drought.
In many ways, investment banks have been hit just as hard. Bloomberg
Wall Street home to inside sympathizers
Dealbook offers an interesting commentary suggesting that there are quite a few Wall Street executives who take a surprisingly positive view of the Occupy Wall Street movement.
These tend to be people at the non-bulge bracket firms. They may chafe at the power of the big banks. But still,
For banks, a new era of reduced expectations
In previous posts, we've suggested that the banking industry is still struggling to find the next big thing, that is, the next major revenue source that will serve as a gravy train for the entire company. Something along the lines of the earlier dotcom boom and of course the subprime securitizatio
Volcker Rule could be looming disaster for investors
Not too long ago, Goldman Sachs CEO Lloyd Blankfein said he was quite sure that customers of big investment banks would rise up and vociferously oppose the Volcker Rule, joining with the banks themselves in an effort to modify the controversial rule. That is now coming to pass.
The final rule
Mortgage market prognosis: Little change
For all the angst in the mortgage market since the financial crisis tanked the economy, we have yet to really find any consensus about an all new market structure.
The problems of the past were obvious in hindsight. We can point to Fannie Mae and Freddie Mac and their gross excesses. We can po
MF Global on brink of failure
How bad are things at MF Global?
Hopes that the bank would stabilize today evaporated quickly, as the stock continued to plunge--despite a big spike in pre-market activity--and the bonds remain under pressure, amid lots of rumors. The firm has also exhausted its credit lines with big commercia
Counterparties reassess risk of derivatives
You could sense the fear over big U.S. banks just recently, as the European debt crisis heated up and concerns mounted about just how exposed banks were. Stocks tanked yet again, taking prices well below book value, and CDS spreads widened precipitously. And that got a lot of big companies worryin
