Investment Banking Industry News
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Small caps stocks could see a 12.5% return in 2021, says investment bank
The gains in small-capitalization stocks will extend into next year and beat shares of companies with bigger names, analysts at Jefferies predict. The investment bank estimates that the small-capitalization oriented Russell 2000 index RUT will…
CORRECTED-UPDATE 1-RBC profit beats estimates on capital markets strength, lower provisions
(Corrects adjusted EPS figure in last paragraph) Dec 2 (Reuters) - Royal Bank of Canada reported a small rise in quarterly profit that beat analysts' expectations on Wednesday, driven by strength in its capital markets unit and reduced provisions…
Global Stock-Market Fever Drives Even Reluctant Brazilians to Invest
RIO DE JANEIRO—Since the coronavirus pandemic hit, many Brazilians have fled to a place they don't normally go: the country's stock market. Markets are up around the world despite the pandemic and economic concerns, buoyed by low interest…
While OPEC+ Fights, Mexico Wins Over $2 Billion With Oil Hedge
Mexico will cash in its oil price insurance policy this year for the fourth time only in the last two decades, receiving a payout of about $2.5 billion from its 2020 sovereign oil hedge, people familiar with the transaction said. In an ironic turn…
Salesforce Confirms Deal to Buy Slack for $27.7 Billion
Salesforce.com Inc. agreed to buy workplace-collaboration software pioneer Slack Technologies Inc. for $27.7 billion in a deal that would turn the combined company into one of the biggest players in the competitive business-software market.
Challenger bank Digit takes on robo-investing
Digit, the San Francisco challenger bank that pioneered automated savings, has added automated investing for retirement and long-term goals to its feature set. The algorithm Digit's designers originally created would look at a user's income…
U.N. Removes Marijuana From List Of Most Dangerous Drugs
Following a recommendation from the World Health Organization, the United Nations' Commission for Narcotic Drugs voted Wednesday to remove cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs, a decision which is expected to…
Treasury Yield Spike Risks Sparking Domino Effect Across Markets
After a late-November lull, 10-year Treasury yields are on the march toward 1% again, leaving investors to contemplate what that might mean for different markets. The level of the world's global bond benchmark -- which traded at 0.92% Wednesday --…
Time To Pivot From FinTech To This Bank - JPMorgan Chase & Company (NYSE:JPM)
Investors have done well by focusing on FinTech companies instead of traditional banks during 2020. While there has been reason to avoid these traditional banks amidst the depths of the pandemic, companies like JPMorgan (JPM) are starting to show…
Breakingviews - Cox: Mediobanca could be UniCredit's white knight
ZURICHZURICH (Reuters Breakingviews) - Enrico Cuccia founded Mediobanca after World War Two as a bulwark for Italian capitalism against the confiscatory hands of an increasingly meddlesome government. Rome once again appears to be in an…
Goldman says copper bull run 'fully underway,' sees potential for record high on the horizon
Published Wed, Dec 2 2020 8:50 AM EST Copper, which is used in everything from power to construction, has risen more than 22% this year, on pace for its best year since 2017. 'This current price strength is not an irrational aberration, rather we…
Silicon Valley Veteran Michael Moe Plans Education-Tech SPAC
Moe has backed firms including Coursera, Class Dojo and Chegg Joe Parsons, Bob Daugherty are set to be SPAC's co-chairmen Photographer: Kholood Eid/Bloomberg Silicon Valley veteran Michael Moe is in talks to raise capital through a blank-check firm…
Spero Ventures is hiring: Head of Network & Brand
As many of you read, Spero Ventures co-founder Ha Nguyen is headed back to the operating world, where she'll be the Chief Experience Officer of a startup she fell in love with. I get it — sometimes, operators have to operate. Ha will always…
China rating agencies stand by SOEs despite default spree
China's credit rating agencies are standing by their triple A scores for troubled state-owned enterprises, even as a series of defaults reverberates through the country's $4tn corporate debt market. Just five Chinese companies out of more than…
Head of world's largest asset manager says bitcoin can possibly 'evolve into a global market' asset
BlackRock's Larry Fink sounded almost bullish about bitcoin in an interview on Tuesday, as the No. 1 cryptocurrency briefly surpassed heights not reached for three years. During a conversation with former Bank of England Gov. Mark Carney at the…
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