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 […]
Bank by bank, this is what we know about the coming bonus round Read More »
Banking
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
European Investment Bank to finance Iveco Group N.V. for up Read More »
Banking
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
Junior analyst’s lawsuit against top bank puts Wall Street hours on trial Read More »
Banking
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
Why next European Investment Bank chief should be female Read More »
Banking
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
An investment bank but nothing for cash-strapped Ontarians in mini-budget Read More »
Banking
(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.
Morgan Stanley’s Profit Slides on Investment Bank Slowdown Read More »
Banking
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
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
Commercial Vs Investment Bank, Two Powerhouses Have THIS To Say Read More »
Banking