Tag:
market share
Latest Headlines
Latest Headlines
Bank of America’s share of mortgage market falls
We noted recently that Bank of America seems to be shrinking its footprint in the national mortgage market.
If you take into account correspondent lending, which the bank has exited, the numbers continue to be eye-catching. As noted by Bloomberg , FBR analysts report that Bank of America’s
Goldman Sachs tops global league tables
Goldman Sachs ( NYSE: GS ) still rules the global league tables, by Dealogic's reckoning anyway. The embattled investment bank has won the first half of the year. Goldman served in an advisory role on 129 deals worth $224 billion. That gave it a market share of just about 20 percent of worldwid
Can Sallie Krawcheck work any magic at Bank of America?
Sallie Krawcheck, just 42, will arrive at Bank of America with a lot of expectations. People are already talking about her as a possible replacement for embattled CEO Ken Lewis. It's possible--provided she does a good job running Bank of America's wealth management empire, but that won't be easy.
Big banks get bigger in key markets
When it comes to underwriting, the top banks are now more dominant than they were before the crisis. Goldman Sachs, Morgan Stanley and JPMorgan now collectively "control 42 percent of the global market so far this year...That's up from 30.7 percent for the three top underwriters in the first six m
League table worries rising?
The Financial Times notes that banks are "currently preparing for the half-year league tables of their performance." And to hear some talk about it, some banks are doing what it takes to preserve their spot in the rankings.
Viswas Raghavan, head of international capital markets at JPMorgan
Big winners in M&A shakeout
Mergers and acquisitions are far from dead. Investment bankers, the ones that are still employed anyway, have plenty to do. In fact, we're seeing some interesting market-share dynamics at work. Bloomberg notes that Pfizer's purchase of Wyeth was a big win for Goldman Sachs and JPMorgan (both a
On Wall Street, Thomson Reuters vs. Bloomberg
There was a day when Bloomberg wasn't the primary vendor of financial news and analytics on Wall Street. I remember back when it was a start-up, squaring off against the likes of companies like EJV (remember them?), Telerate, and a few others. But Bloomberg vanquished the field, growing way beyond
Wells Fargo earns praise from pundit
Well, the PR guys can't take credit for this one. But you could definitely call it earned media. Fortune pundit Adam Lashinsky writes that he is a "loyal Wells Fargo banking customer." That's good media right there. He goes on to note that he inquired about some home loans n
NASDAQ senses opportunity for NYSE stocks
At the top of Duncan Niederauer's to-do list: Do something about market share for Big Board-listed stocks. It's no secret that the NASDAQ has been chipping away at its share. The NASDAQ's latest move was the rollout of a version of its Select Market Maker Program to NYSE companies. The program al
Will John Thain become CEO of Citigroup?
The Financial Times reports that Robert Rubin is telling people that the next CEO of Citigroup will have a free hand when it comes to setting Citigroup's strategy. Rubin had previously indicated that the board supported the old Charles Prince strategy--something that infuriated shareholders.
