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Bank by bank, this is what we know about the coming bonus round

Bank by bank, this is what we know about the coming bonus round

Will any bank pay good bonuses for this year? This is the current state of play at some of the major firms. Bank of America bonuses  Bank of America hasn’t said much publicly about its plans for bonuses this year.  Internally, there are fears that the bank’s commitment not to make broad staff cuts but […]

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European Investment Bank to finance Iveco Group N.V. for up

European Investment Bank to finance Iveco Group N.V. for up

The financing signed represents the first tranche of 450 million euros of the 500 million total approved by the European Investment Bank (EIB) Board of Directors for the operation with Iveco Group. The EIB financing is aimed at the development of cutting-edge technologies for the electrification, efficiency and safety of the transport sector. The investments

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Junior analyst’s lawsuit against top bank puts Wall Street hours on trial

Junior analyst’s lawsuit against top bank puts Wall Street hours on trial

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Kate Shiber wondered why there was so much hurry-up-and-wait in investment banking. “I would really appreciate if we could strategise how we/I can be more efficient earlier in the day,” she wrote in an August

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Why next European Investment Bank chief should be female

Why next European Investment Bank chief should be female

The news that Werner Hoyer will be stepping down at the end of the year as president of the European Investment Bank (EIB), the world’s largest multilateral financial institution, offers a chance to tackle one of the root causes of the so-called “crisis of multilateralism.” Like many other international organizations, the European Investment Bank is

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An investment bank but nothing for cash-strapped Ontarians in mini-budget

An investment bank but nothing for cash-strapped Ontarians in mini-budget

Despite a growing number of Ontarians struggling to pay the bills, the Ford government’s fall economic statement doesn’t mention the word affordability once and contains no new measures to help individuals struggling with high inflation. The document is big on infrastructure spending, contains no new fiscal help for the city of Toronto, and projects a

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Morgan Stanley’s Profit Slides on Investment Bank Slowdown

Morgan Stanley’s Profit Slides on Investment Bank Slowdown

(Bloomberg) — Morgan Stanley shares plunged the most since June 2020 after the firm’s dealmakers posted the biggest drop in fees on Wall Street and its wealth management unit had the lowest inflows in more than three years.  Investment banking revenue slid 27% and the fixed-income trading business slumped, leading to a drop in profit.

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The Surprising Reason 2024 Could Be Better Than Expected for Goldman Sachs and Bank of America Stocks

The Surprising Reason 2024 Could Be Better Than Expected for Goldman Sachs and Bank of America Stocks

Investors keeping tabs on the financial sector probably know these banks face a major headwind right now. Although higher interest rates make lending a more profitable business, they also crimp demand for loans. They also tend to swell delinquencies and defaults because higher rates can curb economic growth while curbing inflation. For a narrow sliver

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Commercial Vs Investment Bank, Two Powerhouses Have THIS To Say

Commercial Vs Investment Bank, Two Powerhouses Have THIS To Say

Key Points Bank of America and Goldman Sachs have opened their books this quarter, releasing a significant game plan for you to follow. The noise has been cut out for you to focus on the protein of this trend, helping you navigate better purchases.  Time and reputation are on their side, and you can jump

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