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...better returns than traditional government and corporate debt....
...Santander, which is not an investment banking heavyweight, has hired more than 100 mostly US-based bankers this year, with about half coming from Credit Suisse....
...This is good news for Goldman Sachs, the purest investment bank on Wall Street and the one most geared to the deals cycle. Its investment banking revenues rose by a third....
...The quarter was the first under Pick, whose background in investment banking and trading contrasts with predecessor James Gorman’s years in wealth management....
...Investment banking, meanwhile, had its best quarter in two years, with revenues of $2.1bn....
...But revenues at Barclays UK — which captures the lender’s personal banking, domestic consumer card business and UK business banking — fell 7 per cent because of the shifts by depositors and pressure on mortgage...
...In its corporate and investment bank, which BNP has been building up, the deal advisory and financing teams drove a 6.1 per cent rise in “global banking” revenue, echoing a rebound on Wall Street....
...The pick-up in mergers and acquisitions could usher in Wall Street’s long-awaited recovery for investment banking....
...Simon Cooper — who has led the trading, capital markets and corporate banking unit from Singapore since joining from HSBC in 2016 — “will leave the group to pursue other interests”, the bank said on Tuesday...
...Raghavan is the head of global investment banking at JPMorgan. In his new role, Raghavan will run Citi’s investment, corporate and commercial banking operations. Read more here...
...Similarly, the UK water sector has relied on “whole business securitisations”, and byzantine corporate structures, like Thames’s interlocking system of holding, operating and financing entities, which seem...
...The business, which includes corporate, commercial and investment banking, lost more than $40mn last year: the only one of Citi’s five divisions not to turn a profit....
...The results were the last under longtime chief executive James Gorman, who handed over to former investment banking boss Ted Pick at the start of January....
...’s commercial, corporate and investment banking businesses....
...Investment banking revenues leapt by a third, as did earnings per share, reflecting reawakening capital and deal markets....
...Meanwhile, people are stashing more and more of their money into investment funds rather than bank accounts....
...Profits at the corporate and investment bank fell 21 per cent during the year to £2.7bn. Trading revenue dropped 18 per cent to £7.2bn, while investment banking fees declined 12 per cent to £2bn....
...Job moves Goldman Sachs has appointed Jane Dunlevie as global head of investment banking services for tech, media and telecoms. She will remain global head of internet investment banking....
...At Goldman, the decline in investment banking was compounded by losses caused by its pullback from retail banking, including the sale of its GreenSky online lending business....
...One or both could come before the banking regulator’s governing body this month. The FDIC’s interest has spooked the asset management sector....
...Trading and investment banking helped lift Deutsche Bank to its highest quarterly profits in 11 years in the first three months of 2024, reflecting a similar trend at its larger Wall Street rivals....
...Rupak Ghose is formerly a financials research analyst at Credit Suisse and head of corporate strategy at ICAP/NEX If Mark Twain was surveying Wall Street investment banks, would he say “Lies, damn lies...
...Barclays was likely to focus on cutting ties with its least profitable investment banking clients, people close to the situation said....
...Following the change in corporate structure, the bank will be managed through five divisions: UK banking; UK corporate banking; private banking and wealth management; investment banking; and US consumer...
...A significant shift in Chinese corporate finance has made the mainland investment banking licence more desirable in one regard....
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