Wall Street lenders beat earnings estimates as investment banks rebound Banking Morgan Stanley, Goldman Sachs, Bank of America and Citigroup all surpassed analysts' estimates for their third-quarter earnings, helped by renewed strength in their investment banks.
Bosses at world’s biggest banks: Britain is ‘ready for investment’ Investing Bosses at five of the world’s biggest banks, along with a host of insurers, private equity firms and tech giants, have backed a push to invest in the UK ahead of the government’s flagship investment summit today. More than a dozen executives signed a letter stating that they were optimistic about the future of the [...]
Pound set to continue surge against dollar as interest rate cuts slow Economics The pound is set to be one of the world's top-performing major currencies this year, according to Bank of America, amid expectations of “above trend growth” in the UK economy and slower interest rate cuts,
Investment banking boost for Bank of America and Morgan Stanley July 16, 2024 Like other US banks, Morgan Stanley has benefited from a rebound in dealmaking activity, which fell off a cliff last year due to the impact of higher interest rates and economic uncertainty.
Wall Street banks JPMorgan and Goldman Sachs set for earnings boost on dealmaking rebound July 8, 2024 Wall Street lenders are set to post higher investment banking fees for the second quarter of 2024, as early signs of a rebound in dealmaking partly offset weaker growth in lending income.
Bank of America backs London fintech Simply’s lending to small businesses June 28, 2024 Bank of America has thrown its weight behind London-based fintech Simply Asset Finance to support its lending to small businesses.
TSB shifts Square Mile hub as staff defy work from home expectations June 16, 2024 The controversial work-from-home trend, catalysed by the Covid-19 lockdowns, has drawn criticism by some business leaders and politicians.
‘Constant deadlines, zero work-life balance’: Concern over 100-hour weeks after two deaths at Bank of America May 25, 2024 Working conditions for junior staff at some of the world’s largest investment banks have once again hit the headlines following two deaths this month at Bank of America.
Investing in the UK is back… to being the third least preferred option May 15, 2024 The UK has slowly climbed up the preference for investing in Bank of America's monthly global fund manager survey.
Bank of America’s profit hit by fall in interest income but dealmaking arm shines April 16, 2024 Bank of America has reported a fall in profit during the first quarter as its income from interest payments dropped, although the blow was cushioned by improved trading from its investment banking and wealth management arms.