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Retail FX

Barclays' Billion-Dollar Savings Quest May Lead to 2,500 Investment Client Cuts

  • The bank is considering various options for cost savings.
  • In addition to cutting jobs, it wants to streamline the investment division significantly.
Tuesday, 28/11/2023 | 11:08 GMT by Damian Chmiel
Institutional FX

tZERO ATS Rebrands to tZERO Securities: Adds Investment Banking

  • The addition of investment banking on the platform consolidated its services.
  • “tZERO Securities brand reflects the broad scope,” said the CEO.
Friday, 13/10/2023 | 09:37 GMT by Arnab Shome
Institutional FX

Barclays Joins the Layoffs Bandwagon, Cuts 100 Jobs in Investment Banking

  • Investment giant prepares for another round of job cuts.
  • However, the cuts are more modest than those of competitors.
Monday, 17/04/2023 | 09:30 GMT by Damian Chmiel
Institutional FX

Credit Suisse Delays Annual Report and Cuts Investment Banking Jobs

  • CS shares fell after the SEC call forced the lender to delay its report.
  • Additionally, the bank is cutting other investment banking jobs.
Thursday, 09/03/2023 | 12:05 GMT by Damian Chmiel
Institutional FX

JPMorgan Joins the Investment Banking Jobs Cuts Wagon

  • Goldman and Morgan Stanley previously announced similar moves in the region.
  • JPM wants to reduce 30 jobs, mainly in junior-level positions.
Tuesday, 21/02/2023 | 11:11 GMT by Damian Chmiel
Institutional FX

Barclays Profit Falls 14% and Shares on Track for Worst Day in 3 Years

  • Investment banks' costs rose more than 25% over a year.
  • The stock market reaction shows an evident disappointment among investors.
Wednesday, 15/02/2023 | 11:07 GMT by Damian Chmiel
FinTech

Goldman Sachs to Merge Trading Business, Other Units to Boost Revenue

  • The firm wants to cut its reliance on volatile trading and investment banking revenues.
  • Goldman Sachs’ net profit is expected to slump 49% to $2.77 billion in Q3 2022.
Monday, 17/10/2022 | 16:17 GMT by Solomon Oladipupo
FinTech

Credit Suisse Says ‘Clear No’ to Bank’s Possible Sale or Capital Raise

  • The bank lost $1.6 billion in the second quarter of 2022.
  • The newly-confirmed CEO, Ulrich Körner, to take over on August 1.
Wednesday, 27/07/2022 | 13:27 GMT by Solomon Oladipupo
FinTech

Bank of America’s Net Income Drops 13% to $6.1bn in Q2 2022

  • EPS dropped 9% from $0.80 to $0.73.
  • However, net interest income rose 22% to $12.4 billion.
Monday, 18/07/2022 | 20:36 GMT by Solomon Oladipupo
Institutional FX

JPMorgan Posts 28% Dip in Net Income for Q2 2022

  • The net reported revenue came in at $30.7 billion.
  • Total revenue related to markets increased by 15% YoY.
Saturday, 16/07/2022 | 06:32 GMT by Bilal Jafar
Institutional FX

VSA Capital Group Partners with Aquis Stock Exchange

  • The company has launched an index of stocks listed on the AQSE Growth Market.
  • The index will be updated in the future to incorporate new additions.
Monday, 30/05/2022 | 08:30 GMT by Bilal Jafar
FinTech

Galaxy Digital Sees $111.7m Net Loss as Digital Asset Price Falls during Q1

  • The loss contrasts against last year's $858.2m gain.
  • Crypto total market cap fell by 7% during Q1.
Monday, 09/05/2022 | 15:23 GMT by Solomon Oladipupo
Executives

Swiss Bank, UBS, Welcomes Back Frances Fahey as Chief of Staff

  • Fahey is returning after 3-year stint at R&M
  • She is to step into Julie Beavan’s shoes.
Tuesday, 19/04/2022 | 20:04 GMT by Solomon Oladipupo
Institutional FX

Nomura’s Net Revenue Declines 13% YoY in Q3 FY22

  • However, the company reported record investment banking revenues.
  • Net income attributable to shareholders came in at 60.3 billion yen.
Tuesday, 01/02/2022 | 09:44 GMT by Bilal Jafar
FinTech

Brazilian Brokerage XP to Acquire Local Investment Bank Banco Modal

  • Brazilian broker XP is acquiring the local bank, Banco Modal
  • XP agrees to buy 100% of Banco Modal
Friday, 07/01/2022 | 19:29 GMT by Nicholas Otieno
Executive Moves

QuantHouse Discloses New Changes to Its Leadership Team

  • Arthur Tricoire becomes the new GM, Commercial, and Sebastien Tiphine moves up to Head of Products.
Monday, 04/10/2021 | 09:53 GMT by Tom Hazan
Executive Moves

Nomura Names Jeff McDermott as Global Co-Head of Investment Banking

  • McDermott will lead the expansion of Nomura’s investment banking platform.
Wednesday, 22/09/2021 | 12:49 GMT by Bilal Jafar
Executive Moves

Ee Ching Tay Joins Barclays as Head of Southeast Asia Banking

  • The newly appointed head has nearly 25 years of experience in banking.
Monday, 21/06/2021 | 07:33 GMT by Bilal Jafar
Institutional FX

Credit Suisse Reports $275 Million Loss in Q1 2021

  • The Bank took a major hit from the US-based hedge fund scandal during the first three months of 2021.
Thursday, 22/04/2021 | 10:01 GMT by Bilal Jafar
Exchanges

China’s Leading Investment Bank Joins SGX as Securities Trading Member

  • The SGX welcomed China International Capital Corporation (CICC Singapore) to increase financial connectivity with China.
Wednesday, 16/12/2020 | 11:36 GMT by Bilal Jafar
Institutional FX

Societe Generale to Cut 650 Jobs in France

  • The bank recently posted impressive figures for Q3 2020.
Monday, 09/11/2020 | 11:12 GMT by Arnab Shome
Institutional FX

UBS Q3 Profit Surges 99%, Sides $1.5 Billion for Share Buybacks

  • The bank records the best third-quarter in a decade.
Tuesday, 20/10/2020 | 09:54 GMT by Arnab Shome
Institutional FX

Credit Suisse to Merge Investment Banking, Trading Divisions

  • The bank is expected to officially announce the merger tomorrow.
Wednesday, 29/07/2020 | 07:07 GMT by Arnab Shome
Executive Moves

Wedbush Promotes Francis Paulino to MD of Investment Banking

  • Paulino was previously the senior VP of investment banking.
Thursday, 27/02/2020 | 06:06 GMT by Celeste Skinner
Executive Moves

James Amine Steps Down as CEO of IBCM Unit at Credit Suisse

  • Amine will instead be taking on a newly created role as head of Private Credit Opportunities.
Monday, 11/11/2019 | 07:31 GMT by Celeste Skinner
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