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.

marketwatch.com - Mark DeCambre - Small caps stocks could see a 12.5% return in 2021, says investment bank
Small caps stocks could see a 12.5% return in 2021, says investment bank
MarketWatch

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…

reuters.com - Reuters Editorial - CORRECTED-UPDATE 1-RBC profit beats estimates on capital markets strength, lower provisions
CORRECTED-UPDATE 1-RBC profit beats estimates on capital markets strength, lower provisions
Reuters

(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…

wsj.com - Vinod Sreeharsha - Global Stock-Market Fever Drives Even Reluctant Brazilians to Invest
Global Stock-Market Fever Drives Even Reluctant Brazilians to Invest
Wall Street Journal

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…

bloomberg.com - Nacha Cattan - While OPEC+ Fights, Mexico Wins Over $2 Billion With Oil Hedge
While OPEC+ Fights, Mexico Wins Over $2 Billion With Oil Hedge
Bloomberg

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…

wsj.com - Aaron Tilley - Salesforce Confirms Deal to Buy Slack for $27.7 Billion
Salesforce Confirms Deal to Buy Slack for $27.7 Billion
Wall Street Journal

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.

americanbanker.com - Penny Crosman - Challenger bank Digit takes on robo-investing
Challenger bank Digit takes on robo-investing
American Banker

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…

forbes.com - Tommy Beer - U.N. Removes Marijuana From List Of Most Dangerous Drugs
U.N. Removes Marijuana From List Of Most Dangerous Drugs
Forbes

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…

bloomberg.com - Ruth Carson - Treasury Yield Spike Risks Sparking Domino Effect Across Markets
Treasury Yield Spike Risks Sparking Domino Effect Across Markets
Bloomberg

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 --…

seekingalpha.com - Portfolio Navigator - Time To Pivot From FinTech To This Bank - JPMorgan Chase & Company (NYSE:JPM)
Time To Pivot From FinTech To This Bank - JPMorgan Chase & Company (NYSE:JPM)
SeekingAlpha

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…

reuters.com - Rob Cox - Breakingviews - Cox: Mediobanca could be UniCredit's white knight
Breakingviews - Cox: Mediobanca could be UniCredit's white knight
Reuters

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…

cnbc.com - Sam Meredith - Goldman says copper bull run 'fully underway,' sees potential for record high on the horizon
Goldman says copper bull run 'fully underway,' sees potential for record high on the horizon
CNBC

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…

bloomberg.com - Gillian Tan - Silicon Valley Veteran Michael Moe Plans Education-Tech SPAC
Silicon Valley Veteran Michael Moe Plans Education-Tech SPAC
Bloomberg

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…

medium.com - Shripriya Mahesh - Spero Ventures is hiring: Head of Network & Brand
Spero Ventures is hiring: Head of Network & Brand
Medium

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…

ft.com - Hudson Lockett in Hong Kong - China rating agencies stand by SOEs despite default spree
China rating agencies stand by SOEs despite default spree
Financial Times

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…

marketwatch.com - Mark DeCambre - Head of world's largest asset manager says bitcoin can possibly 'evolve into a global market' asset
Head of world's largest asset manager says bitcoin can possibly 'evolve into a global market' asset
MarketWatch

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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