As the dealmaking environment improved in 2024 thanks to the bull market and interest-rate cuts, investment bankers reaped a windfall.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
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.
Blue Origin is going slower than SpaceX, but it also nailed a massive rocket launch on the first try. Jeff Bezos is back in the space race.
The listing marks a potentially triumphant comeback story and an insult of sorts to the embattled London stock exchange.
With the way things are going today, it’s becoming increasingly hard to figure out what’s going on with the oil market.