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JPMorgan profit beats estimates on investment-banking strength, shares jumpJPMorgan Chase shares rose 5% following strong Q3 earnings driven by investment banking and interest payments. Net interest income grew 3%,...
Kulkarni Inc.’s client, Pune-based tech startup, Websym, closes major deal with Deloitte India, acquires IoT assets Tezeva and FactoryWizeKulkarni Inc., a financial advisory and investment banking venture, Websym, a cutting-edge, Pune-based tech startup, has recently closed a ...
Goldman taps Solomon, Schwartz in big shakeupThe appointments take effect Jan. 1, when Chavez will become deputy CFO. He'll replace Schwartz when the CFO steps aside at the end of Apri...
Nomura hires Mangesh Ghogre to grow its ECM businessWith 12 years of investment banking experience, Mangesh has worked on over 60 deals to raise over $ 20 billion equity.
Barclays may start cutting jobs in investment-banking unitBarclays, the UK's second-biggest lender by assets, will start cutting hundreds of jobs across its investment bank this week.
Five upcoming investment-banking firms that are going placesThese investment-banking firms are thriving in their own niches. They are small, but growing. They don’t do everything, but they do it well.
Global investment firms losing market share to local competitors in developing nationsStagnant revenue, job cuts and pressure to shrink quickly and curb compensation have weighed down banks based in London, Zurich and New Yor...
JPMorgan is most valuable bank in the United States, againThe recovery shows JPMorgan CEO Jamie Dimon has blunted fallout from last year’s trading loss, which wiped out as much as $51 billion in sh...
- UBS may cut 90 European investment-banking jobs
UBS AG, Switzerland's biggest bank, plans to cut about 80 to 90 jobs in its European investment-banking division as part of a global revamp...
- Citigroup's net profit up 24 per cent on higher investment banking fees
Citigroup, the third-biggest US bank, said profit rose 24%, beating analysts' estimates on higher investment- banking fees and fewer losses...
- Wall Street revenue to fall for 4th straight quarter
Analysts have lowered first-quarter earnings estimates at biggest US banks, saying trading revenue won't rebound as much as they had expect...
- Asia-Pacific's investment banking revenues hit all-time high
The sector's revenue excluding Japan has reached an all-time high of 9.17 billion US dollars so far this year, overtaking the previous peak...
- UK banks don't heed pay-cut call
Barclays Capital hiked pay and bonuses by 93% while RBS raised total compensation by 73% in 2009. Check out top gainers, losers & recommend...
- PNB to launch two new subsidiaries
Punjab National Bank (PNB) is planning to launch two subsidiaries to enter new areas of business.
- JPMorgan beats the street with $2.1 billion Q1 profit
JPMorgan Chase & Co, the second-largest US bank by assets, reported profit for the first quarter that beat estimates on record fixed-income...
- Merrill net rises on trading gains
Merrill Lynch profit up 31% as stock-market gains, low financing costs lift trading revenue.
- Bear Stearns Q4 profit up 38%
Bear Stearns, bolstered by higher trading and investment-banking revenue, said profit rose a better-than-expected 38% to a record in the fo...