Investment Banking Industry News

A collection of Investment Banking latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

smh.com.au - John Caldon - Original thinker changed face of investment banking in Australia
Original thinker changed face of investment banking in Australia
The Sydney Morning Herald

John Robert Caldon, investment banker and entrepreneur, rose from humble beginnings in Yorkshire to revolutionise investment banking in Australia. But that was only one huge impact he had on his adopted land. Born on February 24, 1947, the youngest…

bloomberg.com - Kevin Orland - RBC Beats Estimates as Traders Drive Capital-Markets Record
RBC Beats Estimates as Traders Drive Capital-Markets Record
Bloomberg

Lender's credit-loss provisions shrink as Covid-19 crisis ebbs Residential-mortgage growth lifts profit in Canadian division Photographer: Stephanie Foden/Bloomberg Royal Bank of Canada's capital-markets operation powered earnings in the fiscal…

ft.com - Philip Stafford and Delphine Strauss in London and Sam Fleming in Brussels - BoE governor warns EU over derivatives clearing power grab
BoE governor warns EU over derivatives clearing power grab
Financial Times

The EU risks a “serious escalation” in tensions in its relations with the UK if Brussels attempts to force banks to move all clearing of euro-denominated derivatives from London to the eurozone, the governor of the Bank of England…

wsj.com - Luciana Magalhaes - Brazil's Free-Market Agenda Is in Doubt as President Looks to Reelection
Brazil's Free-Market Agenda Is in Doubt as President Looks to Reelection
Wall Street Journal

SÃO PAULO—Brazilian Economy Minister Paulo Guedes, who only two years ago promised to lead a free-market revolution in Latin America's biggest country, has increasingly found himself relegated to damage control as President Jair…

businessinsider.com - Reed Alexander - Goldman Sachs CEO David Solomon wants this summer's interns in the office and says remote work has had an 'enormous impact' on how the bank operates
Goldman Sachs CEO David Solomon wants this summer's interns in the office and says remote work has had an 'enormous impact' on how the bank operates
Business Insider

Goldman Sachs CEO David Solomon said that remote work has had an 'enormous impact' on his firm's operations. He called investment banking an 'innovative, collaborative, apprenticeship culture.' Solomon made the remarks Wednesday while speaking at a…

businessinsider.com - Matt Gaughan - HSBC to exit its US retail banking business in search of increased profitability
HSBC to exit its US retail banking business in search of increased profitability
Business Insider

The bank is scrapping its US retail plan and making a strategic pivot toward Asia, per The Wall Street Journal. Insider Intelligence HSBC's exit from US retail banking places Hong Kong and China center stage. This is a move that points to a more…

cnn.com - By Phil Mattingly, CNN  - First on CNN: Biden's Covid plan gets backing from more than 150 top business leaders
First on CNN: Biden's Covid plan gets backing from more than 150 top business leaders
CNN

(CNN) More than 150 senior executives from some of the largest American companies across several major industries have lined up behind President Joe Biden's $1.9 trillion coronavirus relief package, according to a letter obtained by CNN. The group…

cnbc.com - Yun Li - Charlie Munger says novice investors are getting lured into a bubble in 'dirty way' by Robinhood
Charlie Munger says novice investors are getting lured into a bubble in 'dirty way' by Robinhood
CNBC

Published Wed, Feb 24 2021 2:17 PM EST Updated Wed, Feb 24 2021 2:49 PM EST Charlie Munger said the momentum-driven trading frenzy by amateur investors on commission-free trading platforms like Robinhood will not end well. The vice chairman of…

ft.com - McKinsey: after the fall
McKinsey: after the fall
Financial Times

The Japanese word amakudari, meaning descent from heaven, applies neatly to the senior jobs former McKinsey highups often land. Kevin Sneader's fall from the apex of the elite consultancy is more abrupt: he has been voted out as global managing…

bloomberg.com - Kevin Orland - Farmers Edge Raises $100 Million in Canadian IPO
Farmers Edge Raises $100 Million in Canadian IPO
Bloomberg

Photographer: Shannon VanRaes/Bloomberg Farmers Edge Inc. raised about C$125 million ($100 million) in its Canadian initial public offering after selling shares at the top end of its marketed range, according to people familiar with the…

theglobeandmail.com - James Bradshaw - National Bank profit jumps 25% on strong showing from core businesses
National Bank profit jumps 25% on strong showing from core businesses
The Globe and Mail

National Bank of Canada reported a 25-per-cent rise in first-quarter profit as financial markets led a series of strong results from each of the bank's core business lines. National Bank is the fourth bank this week to handily beat expectations…

businessinsider.com - Dakin Campbell - A new stock-trading venue backed by a who's who of Wall Street is pitching a perfect solution. Now they just need to get everyone on board.
A new stock-trading venue backed by a who's who of Wall Street is pitching a perfect solution. Now they just need to get everyone on board.
Business Insider

A quartet of ex-Goldman Sachs trading execs have raised $14 million to build a new trading venue. Investors include Goldman, Bank of America, AllianceBernstein and Nasdaq Ventures. It allows investors to trade large blocks of shares without moving…

bloomberg.com - Jennifer Surane - Credit Suisse Hopes to Bring Some Workers Back as Fatigue Mounts
Credit Suisse Hopes to Bring Some Workers Back as Fatigue Mounts
Bloomberg

Bank says employees miss seeing each other and their clients ‘There's only so many Zoom calls you can do,' Chin says Credit Suisse Group AG is worried its workers are burning out as they enter a second year of largely working from home. The…

ft.com - Stephanie Findlay in New Delhi - One of India's biggest renewable energy groups joins Spac craze
One of India's biggest renewable energy groups joins Spac craze
Financial Times

ReNew Power, one of India's largest renewable energy groups, plans to go public in New York through an $8bn deal with a blank cheque company, as Wall Street's Spac craze reaches one of Asia's biggest economies. The energy company, which counts…

businessinsider.com - Emily Graffeo - Charlie Munger says SPACs are sign of 'irritating bubble
Charlie Munger says SPACs are sign of 'irritating bubble
Business Insider

Charlie Munger said SPACs are an 'irritating bubble' at the Daily Journal annual meeting Wednesday. The Berkshire Hathaway vice-chairman said the world would be better off without the speculative investment vehicles. Sign up here for our daily…

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