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.
Potential Jamie Dimon successor leaves JPMorgan as two co-presidents are named
JPMorgan Chase has appointed Doug Petno and Troy Rohrbaugh as co-presidents, a strategic move aimed at advancing the bank's succession planning. The pair had led the bank's commercial and investment banking division since early 2024. Petno will…
Goldman Sachs expects an average of $75/bbl for Brent as markets project surplus (CO1:COM:Commodity)
Goldman Sachs forecasts Brent crude prices dropping to $80 per barrel for Q4 and averaging $75 per barrel next year due to a projected surplus over 3 million barrels per day and decreasing Chinese demand. UAE's aim to raise production to 5 million…
Ariel's John Rogers likes these small-cap names as the market rally broadens
Covista is among the small-cap stocks Ariel Investments' John Rogers is currently focusing on as the artificial intelligence trade continues sucking all the oxygen out of the market. Rogers, Ariel's chairman, co-CEO and chief investment officer…
'Proof of concept': Pathway Fund incubator graduates secure investment from British Business Bank
British Business Bank announces £90m commitment across 10 microfunds led by teams from diverse backgrounds, including three that received funding and support from Pathway Fund's incubator programme. Three diverse fund managers have secured a…
JPMorgan Chase names Doug Petno, Troy Rohrbaugh co-presidents
June 25 (UPI) -- JPMorgan Chase has named its new co-presidents on Thursday while announcing the departure of consumer and community banking CEO Marianne Lake. Doug Petno and Troy Rohrbaugh will ascend to the roles of co-presidents after leading…
US SEC probes popular type of private equity fund as it steps up industry scrutiny, sources say
The US Securities and Exchange Commission's enforcement division is probing funds typically used by private equity firms and other money managers to hold on to assets they either cannot or do not wish to sell, as the agency explores potential…
The Club's top 10 things to watch in the stock market Thursday
The Club's 10 things to watch Thursday, June 25 1. The tech-heavy Nasdaq is set to rally today, led by semiconductor stocks after memory chipmaker Micron signaled supply still can't keep up with growing AI-fueled demand. S & P and Dow futures are…
How JPMorgan went from 3 female CEO contenders to an all-male succession race
Less than two years ago, it seemed reasonably likely that a woman would be the next person to lead JPMorgan. As of Thursday, that seems a very slim possibility. JPMorgan named Doug Petno and Troy Rohrbaugh, current co-heads of the bank's commercial…
We just got a better idea of who might succeed Jamie Dimon as JPMorgan CEO
JPMorgan has named two new co-presidents, the biggest hint yet as to who might replace longtime CEO Jamie Dimon. On Thursday, the finance giant said Doug Petno and Troy Rohrbaugh, who are currently the co-heads of JPMorgan's investment bank, would…
JPMorgan loses a key figure in the race to succeed CEO Jamie Dimon
JPMorgan Chase (JPM) said Thursday that the company is undergoing a major reshuffling of top management under CEO Jamie Dimon, adding the latest twist to the succession saga at the country's largest bank. The bank's co-CEOs of its commercial and…
JPMorgan names Doug Petno and Troy Rohrbaugh co-presidents as longtime exec Marianne Lake exits
JPMorgan Chase on Thursday promoted two of its top executives into newly created co-president roles, marking the latest step in CEO Jamie Dimon's long-running succession plan while announcing the retirement of one of Dimon''s most prominent…
The bond market knows something about the $39 trillion national debt that Washington doesn't
The national debt—a barely-comprehensible $39 trillion—seems, to hear economists tell it, forever one shock away from bringing the whole country down. Lately, the designated culprit is the Federal Reserve. The case is relatively…
Political shift in London sparks relocation dilemma for Hong Kong emigrants
Following the sudden resignation of British Prime Minister Keir Starmer, former Greater Manchester Mayor Andy Burnham has emerged as the runaway favorite to lead the ruling Labour Party, putting him on track to become the United Kingdom's seventh…
American Outdoor projects fiscal 2027 net sales of $200M-$210M while targeting 6.5%-7.5% adjusted EBITDA margin (NASDAQ:AOUT)
Management's guidance for fiscal 2027 includes all tariffs effective at the time and does not factor in additional rebate benefits beyond what has already been recorded, implying no new rebate windfall is expected to improve results. Management…
JPMorgan names Petno, Rohrbaugh co-presidents, sharpening Dimon succession planning
JPMorgan Chase on Thursday named insiders Doug Petno and Troy Rohrbaugh as co-presidents, advancing succession planning as veteran CEO Jamie Dimon marks 20 years atop Wall Street's largest bank. SCROLL TO CONTINUE WITH CONTENT Dimon has led…
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