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.

bloomberg.com - Marion Halftermeyer - UBS Investment Bank Advisory Fees Surge as Trading Disappoints
UBS Investment Bank Advisory Fees Surge as Trading Disappoints
Bloomberg

Advisory fees increased 78% from last year on dealmaking surge Equities and fixed-income trading lagged Wall Street peers Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. UBS Group AG 's investment bank…

businessinsider.com - Leslie Quander Wooldridge - Investment Banking: Definition, What They Do
Investment Banking: Definition, What They Do
Business Insider

Investment banking is a specific kind of banking that helps companies, governments, and institutions raise funds and execute financial transactions. Unlike retail banks, which can focus on transactions for individual consumers, investment banks…

ft.com - Owen Walker - Thriving markets help UBS increase wealth management profits by 43%
Thriving markets help UBS increase wealth management profits by 43%
Financial Times

UBS capitalised on the booming market conditions for its affluent customers in the third quarter, with profits at its wealth management business soaring 43 per cent, the group reported on Tuesday morning. The Swiss bank also benefited from a wave…

wsj.com - Ben Eisen - Banks' Debt Sales Are Driving the Corporate Bond Market
Banks' Debt Sales Are Driving the Corporate Bond Market
Wall Street Journal

U.S. banks are overrun with cash. So they are loading up on debt. The six largest U.S. lenders have issued some $314 billion of bonds so far this year, already the most for any year since 2008, according to Dealogic. Since banks reported their…

techcrunch.com - Aria Alamalhodaei - Promus Ventures closes €120 million ($139 million) space fund amid investment boom
Promus Ventures closes €120 million ($139 million) space fund amid investment boom
TechCrunch

Chicago-based Promus Ventures has closed a €120 million ($139 million) space fund, dubbed Orbital Ventures, focused on early-stage space companies. The new fund, which will be based in Luxembourg, grew out of a mix of public and private…

wsj.com - Nicole Friedman - WSJ News Exclusive | 3-D Printed Houses Are Sprouting Near Austin as Demand for Homes Grows
WSJ News Exclusive | 3-D Printed Houses Are Sprouting Near Austin as Demand for Homes Grows
Wall Street Journal

A major home builder is teaming with a Texas startup to create a community of 100 3-D printed homes near Austin, gearing up for what would be by far the biggest development of this type of housing in the U.S. Lennar Corp. and…

theguardian.com - Kalyeena Makortoff - Why are UK banks making so much money and why are their taxes being cut?
Why are UK banks making so much money and why are their taxes being cut?
The Guardian

UK banks have so far reported bumper profit rises in the third quarter, which they say reflects improving economic forecasts. Other sectors do not seem to be reaping the same benefits, particularly in light of the uncertainty linked to the Covid…

reuters.com - Brenna Hughes Neghaiwi - UBS surprises with 9% rise in Q3 net profit
UBS surprises with 9% rise in Q3 net profit
Reuters

ZURICH, Oct 26 (Reuters) - UBS (UBSG.S) posted a 9% rise in third-quarter net profit on Tuesday, as continued trading helped the world's largest wealth manager to its best quarterly profit since 2015. Its third-quarter net profit of $2.279 billion…

reuters.com - UBS sells Spanish wealth management business to Singular Bank
UBS sells Spanish wealth management business to Singular Bank
Reuters

ZURICH, Oct 25 (Reuters) - UBS Group (UBSG.S) has agreed to sell its Spanish wealth management business to Madrid-based Singular Bank, the Swiss bank said on Monday, its second exit from a European market in the past 12 months. UBS said it was…

wsj.com - Margot Patrick - UBS Third-Quarter Earnings Driven Higher by Fees From Wealthy Clients
UBS Third-Quarter Earnings Driven Higher by Fees From Wealthy Clients
Wall Street Journal

UBS Group AG said fees from wealthy clients soared in the third quarter and its investment bank also reaped more revenue. The Swiss bank reported said its third-quarter net profit rose 9% to $2.28 billion from $2.09 billion a year earlier. Analysts…

businessinsider.com - Jeremy Berke - Prestigious Wall Street banks are ditching marijuana testing for job seekers
Prestigious Wall Street banks are ditching marijuana testing for job seekers
Business Insider

Insider asked seven of the largest banks whether they still test job applicants for marijuana use. Of the ones that responded, none screen applicants for marijuana use. Some have removed drug testing entirely as part of the pre-employment screening…

qz.com - Carlos Mureithi - Sub-Saharan Africa projected to recover slowest from Covid-19 pandemic
Sub-Saharan Africa projected to recover slowest from Covid-19 pandemic
Quartz

Just as the covid-19 pandemic had different impact in different places, the recovery process will be unequal. Some countries' economies will go back to pre-pandemic levels sooner but others will have to wait longer. Sub-Saharan Africa's economy is…

bloomberg.com - Ruth David,Adam Blenford - The World's Top Business Cities Are Still Failing Women
The World's Top Business Cities Are Still Failing Women
Bloomberg

For the millions of working women in the world's leading cities for doing business, daily life is often shaped by what they cannot do and how they're excluded. A Bloomberg Businessweek analysis of how 15 global cities rank for career women shows…

businessinsider.com - Victor Chatenay - PensionBee achieves 75% YoY growth, only with higher acquisition costs
PensionBee achieves 75% YoY growth, only with higher acquisition costs
Business Insider

PensionBee sees 75% growth year over year. The company's cost per invested customer also rose to £250 — up from £229 this time last year. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech…

forbes.com - Katherine Webster - Council Post: How Organizations Can Begin Building An Ecosystem To Support Military Veteran Entrepreneurs
Council Post: How Organizations Can Begin Building An Ecosystem To Support Military Veteran Entrepreneurs
Forbes

Katherine Webster is founder & CEO of VetsinTech, a nonprofit helping veterans accelerate startup & job opportunities in the tech sector. When I first envisioned my company in 2012, my goal was to help veterans returning from service find an easier…

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