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Deutsche Bank is axing 7,000 investment banking jobs
Deutsche Bank is cutting its global headcount to below 90,000 from its current 97,000 level.Equities sales and trading headcount is being cut by 25% and the investment bank leverage exposure is being...
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The Wall Street bankers who feast during recessions say there's a 'smell in...
The global economy is growing and corporate defaults are low and projected to drop even further.Yet the Wall Street investment bankers who feast during recessions are optimistic about their business,...
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There's a shakeup in the works at the top of RBC Capital Markets
Blair Fleming, head of RBC Capital Markets in the US, has left the firm, according to people familiar with the matter. Fleming was also the head of US investment banking for RBC. He had been with the...
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JPMorgan is chasing a $3 billion opportunity in places like Atlanta, Dallas,...
JPMorgan has tapped John Richert to lead its regional investment banking group.Richert aims to restart the group's revenue growth on the way to chasing down $3 billion in fees from clients of the...
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Goldman Sachs has hired a rising star from Moelis who carved out a business...
Goldman Sachs has hired a rising star from Moelis & Company to its consumer and retail investment banking practice.Aarti Kapoor, who carved out a business covering high-growth fitness companies...
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Goldman Sachs has a 56% gender pay gap in the UK — and 72% when bonuses are...
Goldman Sachs published UK gender pay gap data on Friday.Men get paid an average of 55% more than women at the firm, while the gap between average bonuses for men and women is 72%.Goldman says: "We...
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A brutal email sent to young Wall Street bankers shows exactly why too much...
A brutal email sent by a staffer at Moelis & Co, an investment bank, shows how tough it can be for young Wall Streeters.The note, which has been making the rounds on social media, said "the only...
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The ECB wants Deutsche Bank to work out how much it would cost to quit...
The ECB has asked Deutsche Bank to calculate the cost of winding down its investment bank.The bank has been privately assessing the potential cost for some time, unrelated to recent CEO change.The...
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UBS investment bankers were given a target of 300 client meetings a year to...
UBS's first-quarter profit rose 17% but shares fell 4% in Zurich.The bank's global wealth management business missed forecasts.The investment bank did better than expected thanks to the return of...
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A tiny 3-partner boutique scored a key role on Comcast's huge £22 billion Sky...
Three-partner boutique Robey Warshaw scored a mandate on Comcast's £22 billion offer for Sky.The firm's profits were up by around 75% last year after bagging roles on series of huge takeover...
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There's a war for talent on Wall Street for dealmakers who work with the...
There's a war for talent underway on Wall Street for investment bankers who specialize in consumer mergers and acquisitions.A rash of senior-level consumer investment bankers have been poached by...
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Guggenheim has lured a senior healthcare banker away from Bank of America...
Guggenheim Securities has hired a senior healthcare dealmaker from Bank of America Merrill Lynch.Mandar Vadhavkar is joining Guggenheim after more than a decade at Bank of America. Guggenheim has been...
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Goldman Sachs is setting up a research lab in Stockholm with a 'no shoes' policy
Goldman Sachs is taking new office space in Stockholm, increasing its capacity in the city from 30 staff to 100.Stockholm will be home to a new "R&D lab" where securities technologies will be...
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BARCLAYS: Deutsche Bank will 'continue losing market share and struggle to...
Barclays initiated coverage of Deutsche Bank with forecasts "materially below consensus, which is already well below management targets."Barclays believes Deutsche Bank will struggle to cut costs, is...
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Deutsche Bank is axing 7,000 investment banking jobs
Deutsche Bank is cutting its global headcount to below 90,000 from its current 97,000 level.Equities sales and trading headcount is being cut by 25% and the investment bank leverage exposure is being...
View ArticleClik here to view.
The Wall Street bankers who feast during recessions say there's a 'smell in...
The global economy is growing and corporate defaults are low and projected to drop even further.Yet the Wall Street investment bankers who feast during recessions are optimistic about their business,...
View ArticleClik here to view.
There's a shakeup in the works at the top of RBC Capital Markets
Blair Fleming, head of RBC Capital Markets in the US, has left the firm, according to people familiar with the matter. Fleming was also the head of US investment banking for RBC. He had been with the...
View ArticleClik here to view.
JPMorgan is chasing a $3 billion opportunity in places like Atlanta, Dallas,...
JPMorgan has tapped John Richert to lead its regional investment banking group.Richert aims to restart the group's revenue growth on the way to chasing down $3 billion in fees from clients of the...
View ArticleClik here to view.
Goldman Sachs has hired a rising star from Moelis who carved out a business...
Goldman Sachs has hired a rising star from Moelis & Company to its consumer and retail investment banking practice.Aarti Kapoor, who carved out a business covering high-growth fitness companies...
View ArticleClik here to view.
A pick-up at the investment bank helped Barclays' second-quarter profits pop...
Barclays Q2 pre-tax profits rise 44%, while income climbs 10%.The bank had a strong performance at its investment bank and also benefitted from lower impairment costs.LONDON — Barclays reported a...
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