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.
Jefferies projects 'muted' Q2 for investment banking but sees 'green shoots' in M&A
Jefferies analysts on Friday projected a continuation of “muted” trends in investment banking, although some encouraging signs are emerging in advising on corporate mergers and acquisitions. The comments suggested a drop in…
Citi to Cut 50 London Jobs in Investment and Corporate Banking
Citigroup Inc. is planning to cut 30 investment banking jobs and 20 more in its corporate banking unit in London in its latest wave of redundancies. The cuts are necessary for the bank to reduce its cost base because of adverse market conditions…
Ask the Expert: Wealth Management and Investment Banking Tips
The market has seen some ups and downs the last few years. So what does that mean for your personal wealth and investments? David Kwait, Chief Wealth Management Officer at Peoples Bank walks us through what might be going on in the market with your…
China: Young people feel the crunch in tough job market - DW - 06/09/2023
For Annie and many young people like her, surviving in major Chinese cities seems like an endless struggle. 'It's been very difficult for young people to find jobs, and the level of income has also been dropping,' she told DW. Due to the…
Exclusive: Online payroll vendor TriNet explores sale -sources
June 9 (Reuters) - TriNet Group (TNET.N), an online payroll services provider with a market value of $5.8 billion, is exploring a potential sale of the company, according to people familiar with the matter. The Dublin, California-based company is…
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Goldman Sachs fintech executive Stephanie Cohen to take leave of absence: memo
NEW YORK, June 9 (Reuters) - Stephanie Cohen, the head of Goldman Sachs Group Inc's (GS.N) fintech unit called Platform Solutions, is taking a leave of absence for family reasons, she said in a memo to staff seen by Reuters. 'The past year has…
More Startups Throw in the Towel, Unable to Raise Money for Their Ideas
The pace of startup shutdowns, fire sales and sharp business-strategy changes is picking up. Fresh capital from venture investors and bank loans is scarce and expensive. Going public is near impossible. Some business models that worked when cash…
Nomura India's head of investment banking steps down
Nomura's India Head of Investment Banking Utpal Oza has stepped down from the firm, sources with direct knowledge of the matter told Reuters. Amit Thawani, managing director and head of coverage investment banking has taken over from Oza, the…
Bank of America promotes Alex Bettamio to co-head of investment banking; Faiz Ahmad to co-head capital markets
Bank of America Corp promoted the head of its Latin America business, Alex Bettamio, to co-head of global investment banking alongside Thomas Sheehan, according to a memo seen by Reuters on Thursday. The leadership change was one of several…
Why it may make good sense to invest in bank deposits at the earliest
There is a change of flow of wind for bank depositors. For more than two years they have been seeing an increase in the deposit rates offered by banks. Now it looks like the good period is over and once again they will be facing rough weather.
JPMorgan bond chief Bob Michele sees worrying echoes of 2008 in market calm
The current market reminds Bob Michele, chief investment officer for JPMorgan Chase's massive asset management arm, of a deceptive lull during the 2008 financial crisis. In previous rate-hiking cycles going back to 1980, recessions start an average…
China can't rely on Southeast Asian exports to offset a U.S. slowdown
China's exports to the U.S. fell by 18% from a year ago in U.S. dollar terms in May. That's according to official figures accessed through Wind Information. Exports to Southeast Asia also fell. Southeast Asia can't fully offset the loss from the…
Who is Hafize Gaye Erkan, Turkey's new central bank chief?
Hafize Gaye Erkan has been named governor of the Central Bank of Turkey, an institution expected to play a key role in efforts to boost the country's crisis-hit economy. Erkan becomes the first woman to head the institution after being appointed by…
Founder Fridays: Venture Builder to Laser-Focused Building
Tascha Punyaneramitdee shares about her entry into DeFi and the journey leading up to Stella. We started out as Alpha Finance Labs in 2020 and we later became Alpha Venture DAO as we started to incubate external DeFi projects, in addition to…
S&P 500 in formal bull market territory, up 20% from October levels
June 9 (UPI) -- The S&P 500 was trading just above 4,300 during mid-day trading on Friday, moving above October 2022 levels by 20% and triggering a bull market. The standard definition of a bull market is when stock prices rise by 20% above certain…
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