Corrects headline and first sentence to show that Deutsche Bank corrects to say that Capital Group holdings total less than 5%, not more than 7%. In 2nd paragraph, Deutsche Bank updates its statement to show that Capital Group has not crossed the 5% threshold. Oct 13 (Reuters) – U.S. investor […]
Banking And Investment
Big bank profits are about Wall Street, not Main Street
You’d expect the biggest US banks to be having a tough time right now. © Erik McGregor/LightRocket/Getty Images MANHATTAN, NEW YORK, UNITED STATES – 2020/10/02: Main entrance at JPMorgan Chase headquarters in New York City. (Photo by Erik McGregor/LightRocket via Getty Images) Interest rates are at historic lows, hurting their […]
Bank of America profit falls 15.6% in third quarter
Consumer banking giant Bank of America says third-quarter profits declined 15.6% from a year earlier, but the bank saw less need to put aside money to cover potentially bad loans, citing improvements in the U.S. economy By KEN SWEET AP Business Writer October 14, 2020, 11:56 AM • 2 min […]
SkyView Adds Investment Bank and BD, Becoming One-Stop M&A Shop
Scott Wetzel’s SkyView Partners announced Monday that the company has acquired Manhattan Beach, Calif.-based investment bank Grand Avenue Capital Partners, a FINRA-registered broker/dealer, and brought in DeVoe & Company veteran Nick Arellano to run it. This gives SkyView, which has been able to display which shops are available for purchase via its Advisory […]
JPMorgan, Wells Fargo, Citigroup and Bank of America are part of Zacks Earnings Preview
For Immediate Release Chicago, IL – October 12, 2020 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes JPMorgan Chase & Co. JPM, Wells Fargo & Company WFC, Citigroup Inc. C and Bank of America Corporation BAC. Are Bank Stocks Cheap or Value […]
Bank Of America: About To Report, But We Like It (NYSE:BAC)
Prepared by Stephanie, analyst at BAD BEAT Investing Bank of America (NYSE:BAC) was a top pick in the financial sector for us for the year 2018. As the year came to a close, we turned a bit bearish, only to watch the stock fade hard to start 2019. It was […]
Column: How the market learned to stop worrying and love the blue wave – Mike Dolan
LONDON (Reuters) – Just about the only market consensus all year on next month’s U.S. election was that it would be volatile around the vote – but even that’s turning upside down three weeks before polling. FILE PHOTO: A street sign, Wall Street, is seen outside New York Stock Exchange […]
Credit Suisse Set to Hire Ex-BofA Investment Banker Meissner
(Bloomberg) — Credit Suisse Group AG is set to hire Christian Meissner, Bank of America Corp.’s former investment bank head, as it seeks to link up its richest customers with deals sourced by its securities unit. Load Error Meissner will co-head a newly created group connecting the bank’s wealthiest clients […]
Deutsche Bank Says Top Investor Capital Group Raises Stake
(Bloomberg) — Deutsche Bank AG said Capital Group, already a top investor in the German lender, raised its stake in a sign of confidence in Chief Executive Officer Christian Sewing’s turnaround plan. © Bloomberg Sunlight reflects off the Deutsche Bank AG twin tower headquarters, right, beside the Frankfurter Sparkasse Tower […]
Why First Republic Bank (FRC) Stock is a Compelling Investment Case
Ensemble Capital recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 11.60% for the third quarter, outperforming its benchmark, the S&P 500 Index which returned 8.93% in the same quarter. You should check out Ensemble Fund’s top 5 […]
The Path Forward For European Investment Banking
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getty As we approach another earnings season, all eyes are likely to be on how European investment banks perform absent the banner trading revenues that powered them through the first half of the year. The return on equity for the top 9 global investment banks in 2019 was 10.1%, but […]
Goldman Sachs names new co-COO of global TMT banking: memo
FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid (Reuters) – Goldman Sachs Group promoted Barry O’Brien to co-chief operating officer of its global tech, telecom and […]
Rupiah sellers probe 50-day SMA ahead of Bank Indonesia Rate decision
USD/IDR keeps bounces off 200-day SMA, nears one week high of 14,795 flashed recently. BI is likely to keep 7-day reverse repo at 4.0% for the fourth consecutive time. 13-day-old resistance line joins 50-day SMA to challenge the bulls. The key Fibonacci retracements can lure sellers below 200-day SMA. USD/IDR eases […]
Buy Bank of Nova Scotia (TSX:BNS) Right Now
Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) is neither the largest nor the most well known of Canada’s big banks. It is, however, an intriguing investment option whose appeal has only grown since the onset of the COVID-19 pandemic. Here’s a look at what differentiates the bank from its peers and why […]
What you didn’t know about Sandeep Bakhshi, ICICI Bank Chief
Sandeep Bakhshi, ICICI Bank’s MD & CEO, is a staunch believer in creating value for all stakeholders. Under his leadership, the bank has been following the guiding philosophy of ‘Fair to Customer, Fair to Bank’, emphasizing the need to deliver on the promise of a fair value proposition for customers […]
Goldman Names New Investment Banking Co-Heads in Australia
For a fresh perspective on the stories that matter for Australian business and politics, sign up for our new weekly newsletter. Goldman Sachs Group Inc. made a raft of new appointments to its leadership in Australia and New Zealand, including new co-heads for investment banking and a new chairman for the […]
Saudi Arabia’s National Commercial Bank to buy rival Samba in deal worth nearly $15 billion
ASSOCIATED PRESS Load Error Associated Press DUBAI, United Arab Emirates — Saudi Arabia’s National Commercial Bank said Sunday it will purchase rival lender Samba Financial Group in a deal valued at $14.8 billion, creating what would become the kingdom’s largest bank. The bank will control some $223 billion in assets […]
JP Morgan and HSBC Align with the Paris Agreement: Will All Big Banks Follow?
In the United States banking and investment world, socially responsible investing has always been greeted with skepticism and apathy. While some companies have paid lip service to it, investment flows and banking policies have not followed the hype. In contrast, European institutional investors are early adopters to investment policies and […]
Cryptocurrency has the power to revolutionise a corrupt banking system
If you are unfamiliar with cryptocurrency it is unlikely you will know what “Decentralised Finance” (DeFi) is. Those who do, know that today anyone can exchange their money for a stablecoin (a cryptocurrency backed by a reserve asset), invest them in a promising project and hopefully watch their investment grow. […]
The evolving relationship between the international development architecture and China’s Belt and Road
China’s entry into foreign assistance 20 years ago has largely coincided with the evolution and advancement of international development architectures in support of shared development good practice and norms. China’s One Belt and One Road (OBOR) — today BRI — launched by President Xi Jinping in 2013, is a dramatic […]