Integrated Banks
- Finance
Bank of America CEO says dealmaker fees down by up to 60% in fourth quarter
Bank of America chief executive, Brian Moynihan, said that investment banking fees at the bank will slide by up to 60%…
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JPMorgan hires Deutsche, UBS and BNP Paribas trio for mid-market push
JPMorgan has hired a trio of dealmakers for a unit that targets deals in the mid-market. Thibaud de Maria has…
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Saudi crown prince set to invest in Credit Suisse’s new investment bank
Saudi Arabia’s crown prince and a U.S. private-equity firm run by Barclays PLC’s former chief executive are among investors preparing…
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Activist who called for Credit Suisse break-up says latest overhaul isn’t enough
An activist investor who called for Credit Suisse’s break-up five years ago said that the Swiss bank’s new overhaul “barely scratches…
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Saudi prince sets sights on Credit Suisse spinoff
Saudi Arabia’s crown prince and a US private-equity firm run by Barclays’ former chief executive are among investors preparing to invest…
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Credit Suisse loses secondary-advisory executive to Baird
One of the most senior secondary private equity bankers at Credit Suisse has left the investment bank, according to several…
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Credit Suisse’s comeback plan hasn’t won over investors yet
Credit Suisse $4.2bn share sale and sweeping restructuring were supposed to regain the market’s confidence. Instead, more investors are betting against the bank.…
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BNP Paribas eyes move into private credit as leveraged lending dries up
BNP Paribas is eyeing a move into private credit, which could provide an alternative source of funding for major M&A deals as traditional…
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UBS veteran Mark Lewisohn departs after 33 years at the Swiss bank
A 33-year veteran of UBS is leaving the bank, in the latest senior departure from its UK dealmaking team. Mark Lewisohn,…
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Deutsche Bank CEO calls on regulators to loosen rules that ‘structurally disadvantage’ European banks
Deutsche Bank chief executive Christian Sewing has called on politicians and regulators to overhaul rules that “structurally disadvantage” European banks against…
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HSBC poaches ex-FCA comms boss Tom Willetts for private banking role
Former Financial Conduct Authority communications director Tom Willetts is joining HSBC as global head of communications for private banking and…
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Credit Suisse flags $1.6 billion 4Q loss as wealth management comes under strain
Credit Suisse Group AG said Wednesday it expects to make a loss before taxes of around CHF1.5 billion ($1.58 billion)in…
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Credit Suisse and Apollo strike deal for securitised products group
Credit Suisse Group has entered into definitive transaction agreements to sell a large part of its securitised-products group and other…
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SocGen and AllianceBernstein agree equities tie-up
French bank Societe Generale has signed a joint venture with US investor AllianceBernstein to bolster its equity research, trading and…
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Credit Suisse hands out $300m in retention bonuses to keep dealmakers
Credit Suisse handed out nearly $300m in retention bonuses to dealmakers during the third quarter of 2022 — more than…
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Credit Suisse plans to cut 450 frontline jobs at its European investment bank
Credit Suisse’s European operations are set to bear the brunt of front-office job cuts as the Swiss bank prepares to cut around…
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JPMorgan, Credit Suisse among banks falling short on net-zero targets, charity says
Heavyweights in the Net Zero Banking Alliance including JPMorgan and Credit Suisse have set inadequate decarbonisation targets to meet net…
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Deutsche Bank wants to outrank European rivals in dealmaking push
Three years on from a radical overhaul of its business, Deutsche Bank is eyeing an investment banking revival that will…
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Bank of America hires former Deutsche dealmaker for new commodities role
Bank of America has hired a senior dealmaker to head up a new unit focused on cleaner energy sources within…
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Alvarez & Marsal hires ex-Lloyds heavyweight to bolster financial services unit
Former Lloyds Banking Group senior executive Adrian Walker has joined professional services firm Alvarez & Marsal to strengthen its financial…
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BNP Paribas bolsters UK investment bank with Randall hire
BNP Paribas has hired a senior banker for its UK corporate broking team as the French bank looks to bolster…
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JPMorgan’s investment banking fees slide by 47% as dealmaking boom tumbles
Investment banking fees at JPMorgan slipped by 47% during the third quarter, kicking off what is expected to be a…
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Citigroup’s dealmaker fees slip 63% amid hiring spree
Fees from dealmaking slipped by 63% at Citigroup during the third quarter, a bigger decline than its Wall Street rivals…
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Bankers brace for job cuts after fees plunge at JPMorgan, Morgan Stanley and Citi
Dealmakers face an anxious final three months of 2022, as investment banks face growing pressure to cut costs after a…
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Credit Suisse dealmaking chief Christian Meissner set to exit as bank readies overhaul
Credit Suisse’s investment banking boss Christian Meissner is to leave the firm in the coming weeks, according to reports. The…
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JPMorgan dealmaking veteran Carlos Hernandez to retire
JPMorgan executive Carlos Hernandez, the leader of the bank’s investment banking staff and a member of Jamie Dimon’s inner management…
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Credit Suisse strikes deal to sell securitized-products group to Apollo
Credit Suisse Group AG has entered into definitive transaction agreements to sell a large part of its securitized-products group and…
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HSBC sustainability ads were ‘misleading’, UK watchdog rules
The UK advertising watchdog has banned several HSBC promotions for overstating the bank’s green credentials. The Advertising Standards Authority determined that two…
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Credit Suisse staff cuts hit London leveraged finance and ECM teams as swingeing layoffs start
Credit Suisse is making deep cuts to its European leveraged finance and capital markets teams as the Swiss bank began…
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JPMorgan hires crypto policy exec from Celsius
JPMorgan, whose chief executive recently expressed scepticism of cryptocurrency, has hired a crypto policy head from bankrupt cryptocurrency lender Celsius…
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Wells Fargo names Rahul Rajesh as global co-head of bank dealmaking
Wells Fargo has promoted a former Citigroup dealmaker it hired last year to head up its European financial institutions group…
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Deutsche Bank cuts dealmakers as banks battle fee slump
Deutsche Bank has cut dozens of jobs in its investment bank as firms ramp up dealmaker layoffs after a slump…
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Deutsche veteran Richard Sheppard to co-head UK deals at JPMorgan
JPMorgan named Deutsche Bank veteran Richard Sheppard as co-head of its UK investment bank as the Wall Street firm continues…
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FCA looks to fine Barclays £50m over Qatari capital raisings
The Financial Conduct Authority is seeking a £50m fine against Barclays over alleged disclosure failings around crisis-era capital raising deals…
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Trading Places: JPMorgan’s Hernandez retires, Meissner to leave Credit Suisse, FCA enforcement boss exits
Banking JPMorgan executive Carlos Hernandez, the leader of the bank’s investment banking staff and a member of Jamie Dimon’s inner…
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Deutsche Bank sets net zero targets to clean up €250bn corporate loan book
Deutsche Bank has set explicit targets to reduce its carbon footprint over the next thirty years, as rival investment banks show…
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BNP Paribas hires Nomura dealmaker Scemama for private deals
BNP Paribas hired a senior Nomura dealmaker for its private placements business, a growing area of focus for both US…
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How a star banker and lawyer died after their cocaine orders were laced with fentanyl
Ross Mtangi, a trading executive at Credit Suisse, left his Manhattan penthouse in March 2021 with his laptop and told his…
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Credit Suisse reaches €238m settlement over French tax fraud case
Credit Suisse said on 24 October that it has reached a €238m settlement with French prosecutors over a case involving…
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HSBC’s dealmaking fees slide 47% in third quarter as boom fades
Fees from HSBC’s dealmakers nearly halved in the third quarter, but a 20% surge in trading activity helped its overall…
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HSBC names Guyett sole investment bank chief as Elhedery becomes CFO
HSBC has named Greg Guyett sole chief executive of its investment bank, as co-head Georges Elhedery moves to become its new chief financial…
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UBS’s dealmaking fees tumble by 60%, following Wall Street declines
UBS’s dealmaking fees slipped by nearly 60% in the third quarter, kicking off earnings season for major European investment banks…
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Credit Suisse nears sale of first key unit in overhaul plan
Credit Suisse is racing to finalise the sale of a key unit, days before the beleaguered Swiss bank is set…
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The Fintech Files: Royal Mint NFT still a go, JPMorgan hires from Celsius
When Liz Truss stepped down as prime minister last week, crypto firms were worried it could further undermine Britain’s plans…
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Deutsche Bank’s dealmaking unit slides by 85% on leveraged loan losses
Deutsche Bank’s dealmaking unit tumbled by 85% during the third quarter as the German lender was hit by losses on leveraged…
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Barclays’ dealmaker fees drop by 45% as fixed income trading shines
Barclays’ investment banking fees slipped by 45% during the third quarter, the smallest drop of its major rivals as banks…
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Credit Suisse to slash 9,000 jobs, hive off investment bank in radical overhaul
Credit Suisse is set to cut 9,000 jobs and hive off its dealmaking unit as it unveils a radical overhaul of…
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Credit Suisse names former Goldman Sachs exec Nita Patel as chief compliance officer
Credit Suisse has named Nita Patel as its chief compliance officer — the third executive to take the role within…
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Credit Suisse’s First Boston spin-out bets boutique pay model will keep top dealmakers
Credit Suisse’s investment bank is going back to the future. Its shift to a capital-light dealmaking unit will see the revival…
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How Michael Klein could turn Credit Suisse around
Michael Klein is one of the most talented and successful investment bankers of his generation. Thanks to Credit Suisse, he…
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