Banking

Portage Point Welcomes Chris Sweet, Deepening Expertise in Investment Banking with Launch of Debt Capital Advisory Pract…

Portage Point Welcomes Chris Sweet, Deepening Expertise in Investment Banking with Launch of Debt Capital Advisory Pract…

CHICAGO, Nov. 1, 2023 /PRNewswire/ — Portage Point Partners, LLC (Portage Point), an elite boutique advisory, consulting, interim management and financial services firm, announced today that Chris Sweet will join the firm on November 27th as Managing Director, Head of Debt Capital Advisory (DCA). Portage Point’s intense focus on building its investment banking practice with only […]

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Banking
Morgan Stanley profit down with lower investment banking revenue, shares tank

Morgan Stanley profit down with lower investment banking revenue, shares tank

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS Prelude to the Best Sommelier of Canada Contest | SaltWire Watch on YouTube: “Prelude to the Best Sommelier of Canada Contest | SaltWire” By Niket Nishant, Tatiana Bautzer and Manya Saini (Reuters) -Morgan Stanley’s third-quarter profit showed a hit from lethargic dealmaking and shares sank 6.5% as investors were

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Banking
How AI and Cloud Strategies are Changing Investment Banking

How AI and Cloud Strategies are Changing Investment Banking

The landscape of investment banking is undergoing a profound transformation fueled by data analytics and technological advancements. As the industry adapts to changing market dynamics and client expectations, embracing data-driven strategies has become essential. This article delves into five data analytics trends reshaping investment banking: AI and augmented analytics, data governance, data ops, cloud-based analytics,

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Banking
The truth about the investment banking jobs outlook now

The truth about the investment banking jobs outlook now

Now that all the big investment banks (JPMorgan, Goldman, Citi, Bank of America and Morgan Stanley) have reported their third quarter results, there’s more clarity on the performance of investment bankers working in M&A and debt and equity capital markets.  As the chart below shows, the clarity is not reassuring. Revenues in the investment banking

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Banking
Morgan Stanley’s Q3 profit decline amid weak investment banking numbers

Morgan Stanley’s Q3 profit decline amid weak investment banking numbers

Morgan Stanley has faced a setback in its third-quarter profits, primarily due to sluggish dealmaking and a discouraging performance in investment banking. The results sent the bank’s shares plummeting by 6.5 per cent, further exacerbated by smaller inflows into the wealth management division and the absence of announcements regarding the CEO succession.  During the third

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Banking
tZERO ATS Rebrands to tZERO Securities: Adds Investment Banking

tZERO ATS Rebrands to tZERO Securities: Adds Investment Banking

tZERO Group announced today (Friday) the addition of investment banking business lines to its existing broker-dealer subsidiary platform, leading to its rebranding from tZERO ATS to tZERO Securities. According to the company, the brand overhaul will better reflect the “breadth of services” it is offering to the customers. The changes will come into effect on

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Banking
Citigroup profit beats estimates on investment banking boost, shares rise

Citigroup profit beats estimates on investment banking boost, shares rise

NEW YORK, Oct 13 (Reuters) – Citigroup’s (C.N) profit was broadly steady and beat third-quarter estimates on Friday as it benefited from a surge in trading revenue and investment banking fees. The bank said its will cut management layers from 13 to eight as part of a sweeping reorganization. In the two top layers of

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Banking
Private Equity Vs. Investment Banking: What’s the Difference?

Private Equity Vs. Investment Banking: What’s the Difference?

Private equity (PE) and investment banking (IB) are two of the most influential sectors within the financial industry. They play pivotal roles in shaping the business landscape, offering opportunities and funds to businesses, and generating returns for investors. Yet, they operate distinctly and serve different purposes. As famed economist John Maynard Keynes once said, “The markets

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