Strong trading revenues see major banks squash predictions this earning season
Revenues at Goldman Sachs, Morgan Stanley, and Citi soared on the back of gains made in trading, lending and ongoing market volatility.
Revenues at Goldman Sachs, Morgan Stanley, and Citi soared on the back of gains made in trading, lending and ongoing market volatility.
With the first trading focused sustainability initiative preparing to launch and swathes of regulation and data focused initiatives being brought to market, these individuals see sustainability at the heart of market discussion next year.
Incoming head brings two decades of experience from roles at Bank of America, ICP Capital, Morgan Stanley, Lehman Brothers, and PricewaterhouseCoopers.
Global banking and markets president will retire at the end of this year as Bank of America is expected to announce succession plans in the coming weeks.
The executives will run the EMEA ESG council at Bank of America aimed at minimising its climate impact and supporting clients in their low-carbon transition.
Despite its involvement, NatWest was not fined as it revealed the cartel, while Bank of America, Natixis and Portigon also evaded penalties.
Natan Tiefenbrun has departed Bank of America after eight years and will join Cboe Europe as head of equities in June.
Multi-dealer trading platform from Citi and Bank of America will initially support CLOs and syndicated loans as both banks look to address challenges in fixed income markets.
The FIX API will provide Bank of America with an electronic workflow between its OMS and ETF issuers’ platforms via the ICE ETF Hub.
LCH continues to expand membership of CDSClear and its client clearing franchise with Bank of America the latest institution to go live as a clearing broker.