Global banks forecast improved investment banking outlook

Global banks forecast improved investment banking outlook

A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. REUTERS/Lucas Jackson/File Photo Acquire Licensing Rights NEW YORK, Dec 5 (Reuters) – Global bank executives said that dealmaking conditions have begun to improve, with some predicting a better outlook for strategic mergers and acquisitions at an industry … Read more

IPO laggards’ race to the bottom misses the target

IPO laggards’ race to the bottom misses the target

A view shows the Milan stock exchange building, as stocks slid in the first hours of trading after fears that the collapse of Silicon Valley Bank could trigger a broader financial crisis, in Milan, Italy, March 13, 2023. REUTERS/Claudia Greco Acquire Licensing Rights MILAN, Nov 10 (Reuters Breakingviews) – Italy is scrambling to make its … Read more

BofA CEO Moynihan says US economy headed for soft landing

BofA CEO Moynihan says US economy headed for soft landing

NEW YORK, Nov 8 (Reuters) – Bank of America (BAC.N) CEO Brian Moynihan said on Wednesday he expects a soft landing in which the U.S. economy avoids a recession even as consumer spending and commercial borrowing slow. “Our research team is the best in the business and they have moved to the soft landing category. … Read more

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

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

[1/2]People take photos by the Morgan Stanley building in Times Square in New York City, New York U.S., February 20, 2020. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights Oct 18 (Reuters) – Morgan Stanley’s (MS.N) third-quarter profit showed a hit from lethargic dealmaking and shares sank 6.5% as investors were also disappointed by smaller inflows to … Read more

Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul

Citigroup profit beats estimates on trading, interest payments; CEO pushes overhaul

Customers use ATMs at a Citibank branch in the Jackson Heights neighborhood of the Queens borough of New York City, U.S. October 11, 2020. REUTERS/Nick Zieminski/File Photo Acquire Licensing Rights NEW YORK, Oct 13 (Reuters) – Citigroup’s (C.N) third-quarter profit beat estimates on Friday as it benefited from a surge in trading revenue, investment banking … Read more

Wall St bonuses may drop 16% as higher rates threaten businesses – NY Comptroller

Wall St bonuses may drop 16% as higher rates threaten businesses – NY Comptroller

[1/2]The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo Acquire Licensing Rights Oct 12 (Reuters) – Wall Street bonuses could fall 16% this year as interest rates possibly staying higher for longer threatens the … Read more

Hopes rise for IPO recovery after September deal rush

Hopes rise for IPO recovery after September deal rush

NEW YORK/LONDON, Sept 29 (Reuters) – Bankers and investors are embracing a degree of optimism for the IPO market following a slew of major market debuts in September that made for one of the busiest months since the start of 2022. So far this year there have been $423 billion worth of equity capital markets … Read more

Exclusive: Stroeer considers options for 2024 sale of data business Statista -sources

Exclusive: Stroeer considers options for 2024 sale of data business Statista -sources

FRANKFURT/LONDON, Sept 7 (Reuters) – German advertising group Stroeer is considering possible options for the sale of Statista in 2024, in a process which could value the data gathering business at up to 1.5 billion euros ($1.6 billion), four sources familiar with the matter said. Private equity firms are looking at Statista ahead of a … Read more

UBS winds down Credit Suisse Global Markets business – client letter

UBS winds down Credit Suisse Global Markets business – client letter

Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 20, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing Rights ZURICH, Aug 30 (Reuters) – Credit Suisse said it will reduce the volume of new markets business from Sept. 22 while UBS (UBSG.S) integrates its former rival, the bank said in a letter … Read more

Column: Powell’s steady hand steers dollar higher: McGeever

Column: Powell’s steady hand steers dollar higher: McGeever

ORLANDO, Florida, Aug 25 (Reuters) – Federal Reserve Chair Jerome Powell’s speech in Jackson Hole is likely to maintain the ‘higher for longer’ outlook for U.S. interest rates and bond yields – good news for dollar bulls, especially given the contrasting picture elsewhere in the world. While the U.S. economy appears to be humming along … Read more