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investment bank

MCB: Current accounts drive profit

MCB: Current accounts drive profit

Updated 05 May, 2023 10:10am
MCB Bank Limited (MCB) began 2023 from where it left 2022 – announcing Rs6/share first interim cash dividend to...
Goldman readies US workers for return to offices in June

Goldman readies US workers for return to offices in June

Published 04 May, 2021 05:45pm
  • The bank is planning to tell employees to be prepared to start working from offices by mid-June, the report said, citing people with knowledge of the matter.
  • Wells Fargo & Co said in March it would start bringing workers back to its offices after Labor Day, while JPMorgan Chase & Co said last week it was targeting workers' return to office on a rotational basis from July.
Lazard first-quarter profit misses estimate as expenses weigh

Lazard first-quarter profit misses estimate as expenses weigh

Published 30 Apr, 2021 05:15pm
  • The bank reported an adjusted net income of $101 million, or 87 cents per share, missing Street estimates of 89 cents per share, according to IBES data from Refinitiv.
    • Global M&A activity posted a year-to-date record in the first quarter this year, helped by a boom in the stock markets and the Federal Reserve's commitment to keep monetary policy loose.
British fintech Revolut on path to $10 bln valuation with new funding

British fintech Revolut on path to $10 bln valuation with new funding

Published 17 Apr, 2021 05:43pm
  • The London-based financial technology startup is lining up FT Partners, a US-based fintech-focused investment bank, as its adviser on the new funding, which is expected to take place after the summer, the report added.
  • The company, which raised $500 million in a funding round at a valuation of $5.5 billion in early 2020, has established a presence in more than 35 countries.
Deutsche Bank CEO gives up oversight of investment bank in revamp

Deutsche Bank CEO gives up oversight of investment bank in revamp

Published 29 Mar, 2021 06:30pm
  • The move is likely to reassure regulators, who worried that Sewing has too much on his plate, potentially leaving the investment bank open to operational hazards.
  • Germany's biggest bank was one of the few major banks in the world to assign day-to-day oversight of investment banking to its chief executive. At most banks, other board members oversee the division.
Citi hires Goldman's chief diversity officer

Citi hires Goldman's chief diversity officer

Published 26 Mar, 2021 08:12pm
  • Brown joins Citi as its chief diversity, equity and inclusion officer from Goldman Sachs, where she had led that bank's diversity and inclusion efforts since mid-2018. Brown previously worked at Bloomberg in the same role.
  • Goldman named Megan Hogan to replace Brown, according to a memo sent to staff and seen by Reuters.
Goldman CEO to junior bankers: we are giving you more resources

Goldman CEO to junior bankers: we are giving you more resources

Published 22 Mar, 2021 08:47pm
  • Last week, Reuters reported that a group of junior bankers in Goldman's investment bank told senior management that they were working nearly 100-hours a week and sleeping just 5 hours a night to keep up with record-setting demand from clients.
Euro zone inflation could exceed forecasts this year: De Guindos

Euro zone inflation could exceed forecasts this year: De Guindos

Updated 03 Mar, 2021 08:45pm
  • Growth on the other hand could fall short of projections in the first quarter due to widespread pandemic-related restrictions, even if full-year activity is still seen in line with the bank's 3.9% projection made in December, de Guindos said in a webinar with investment bank Berenberg.

The same old tale told repetitively

Published 24 Feb, 2021 05:24am
We are back at the so-called ‘concessional’ window of the lender of the last resort. But then, the International...
Lazard 4th-quarter profit more than doubles as M&A activity surges

Lazard 4th-quarter profit more than doubles as M&A activity surges

Published 05 Feb, 2021 07:19pm
  • Lazard, whose business is split between asset management and financial advisory, reported adjusted net income of $192 million, or $1.66 per share.
  • Generally speaking it was a very strong M&A market both in the third and fourth quarter. I think the year is off to a pretty strong start across the board.
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