As the dealmaking environment improved in 2024 thanks to the bull market and interest-rate cuts, investment bankers reaped a windfall.
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Despite some business “falling off a cliff” the CEO said other operations “should hopefully grow over time.”
Integration costs related to Credit Suisse were just over $1 billion, well below the $3.75 billion in the two previous quarters combined.
In the first three months of the year, the investment bank scored a 16% jump in revenue and $4.1 billion in net income, a 28% rise.
The asset manager’s rival Vanguard has captured investors’ recent interest in embracing cheap broad-market index funds.
As the world of high finance ushers in an era of AI, the SEC has begun investigating how investment advisory firms use the technology.
Barclays is considering a Marie Kondo approach to its investment banking business, potentially dropping thousands of clients.
Increasingly, Wall Street thinks we see rate cuts soon, according to a Wall Street Journal analysis published Monday.
It’s not every day that you wake up to headlines about one of the nation’s most staid-and-storied institutions – really, the cornerstone upon which the entire U.S. banking system rests in order to remain stable – engaging in the sexual…
After 10 months of slower-than-anticipated deal flow, bankers are expecting less-than-stellar year-end holiday bonuses.
John Paulson, of “The Greatest Trade Ever” fame, is suing a former business partner tasked with running an investment empire for Paulson valued at up to $1 billion in the booming tax shelter of Puerto Rico.
The UK’s Financial Conduct Authority said Tuesday that it’s ending a cap on bonuses for bankers that’s been in place since 2014.
Sam Bankman-Fried’s trial is shaping up to be one of the biggest show trials on Wall Street since Bernie Madoff. Did SBF’s parents know?
Wall Street’s Top Banks Fined – CFTC ordered Goldman to pay $30 million, JP Morgan $15 million, and Bank of America $8 million.
The SEC charged the asset manager with misleading clients over changes to its retirement funds, leading to higher tax bills for investors.
Adoption of the cryptocurrency has outpaced other transformative technologies like the internet and mobile phones.
The chief growth officer is at the forefront of preparing RIAs to grow their businesses and train advisors for the future.