Page 5 - Investment Banks

Bank of America profit more than doubles on reserve release boost

The second-largest U.S. bank by assets unlocked $2.7 billion from its reserves

JPMorgan profit surges helped by trading, investment banking boost

(Reuters) - JPMorgan Chase & Co reported a surge in first-quarter earnings on Wednesday, as the largest U.S. bank released more reserves and was aided by a blowout quarter from its trading desks and soaring investment banking fees.

Goldman profit smashes expectations on booming investment banking

Global investment banking fee hit an all-time record of $39.4 billion during the March quarter,

Nomura CEO Kentaro Okuda's honeymoon ends with $2 billion Archegos debacle

Archegos's debacle triggered a record 16% drop in Nomura's shares on Monday, wiping $3.5 billion from its market value

Biggest Japan bank joins Nomura in bracing for Archegos loss: Report

Japan's largest bank warned of a potential $300 million loss related to a US client, a hit that's linked to Archegos, a person familiar with the matter said

Credit Suisse girds for billions in losses from Archegos Capital hit

The Swiss bank expects its loss tied to the implosion of Archegos Capital Manag­ement to run into the billions, according to people with knowledge of the matter

Deutsche Bank CEO gives up oversight of investment bank in revamp

Germany's biggest bank was one of the few major banks in the world to assign day-to-day oversight of investment banking to its chief executive

Deutsche Bank CEO gives up oversight of investment bank in revamp

The move is likely to reassure regulators, who worried that Sewing had too much on his plate, potentially leaving the investment bank open to operational hazards

Citigroup sees the days of traders slamming phones coming to an end

Citigroup has been working to boost the share of women from assistant vice president up through the managing director level to bolster its efforts to close the pay gap between male and female employee

How a giant collapsed

The story starts 30 years ago, when former Citibanker, Ravi Parthasarathy , IL&FS' chief, set up the company to beef up India's infrastructure-building capabilities.

Explained: Why cryptos are gaining currency globally amid bitcoin rally

Investors, including large corporations, view them as a potential hedge against uncertainty, and mainstream investment banks too are jumping into the game

Investment banking from home thrived in Covid, but some fear losing edge

Some investment bankers fear losing their competitive edge as they pitch digitally for business, amid concerns that younger bankers are falling behind

Rishi Sunak plans new investment bank for UK infrastructure projects

UK Chancellor Rishi Sunak is set to unveil a new National Infrastructure Strategy next week for an estimated 100-billion pounds worth of long-term investment

'India in a sweet spot': UBS India head explains his optimism for 2020

Anuj Kapoor tells Business Standard he believes economy is in 'early recovery phase', resulting in period of low inflation and interest rates.

GDP: Growth vs levels

India's GDP is unlikely to recover to its 2019-20 level until the second half of 2021-22

Banks set for biggest job cull since 2015; Morgan Stanley lets go 1,500

This year, more than 50 lenders have announced plans to cut a combined 77,780 jobs, the most since 91,448 in 2015

Investment banking fees up 6% in 2019 over higher fees in debt segment

Debt capital market underwriting fees totalled $201.2 million, up 108.7 per cent from a year ago - the best-ever first three quarters since records began in 2000

Investment tips in the time of pink slips: Here's how to create a cushion

It's never easy, but you can make it less difficult with early financial planning

India's investment banking activities generated $523 mn in fees in H1CY19

During this period, debt and capital markets underwriting fees stood at $135.1 million, up 98.3 per cent

Deutsche Bank's biggest overhaul to cost 7.4 bn euro; 18,000 jobs to go

The plan represents a major retreat from investment banking by Deutsche Bank, which for years had tried to compete as a major force on Wall Street