UBS results follow downwards trend for Q2
The bank missed expectations to post smaller than expected profits, warning of a challenging second half, although its investment bank did better than US counterparts.
Tag: Investment banking
Citi appoints new EMEA investment banking head
Philip Drury will head up the recently formed banking, capital markets and advisory business at Citi for the EMEA region.
Deutsche Bank to shrink rates trading team and review global equities business
Deutsche Bank’s plans will involve a significant reduction in headcount across the US and Asia.
Equities disappoints in first quarter at top investment banks
The top 12 investment banks struggled with equities trading in the first quarter but bounced back in FICC trading.
Deutsche ends difficult year behind Credit Suisse and Barclays
Deutsche Bank dropped two places in a top 10 global investment bank ranking, as revenues fell 20%.
Investment banks will continue to curb trading amid falling profits
Revenues across top 10 investment banks continue to fall across fixed income and equities trading.
Weak equities performance drives top investment banking revenues down
Investment banking revenue in 2016 expected to decline for fourth year in a row.
Lack of trading activity set to hurt bank revenues in Q2
Analysts at JP Morgan predict further slumps in investment bank revenues as trading floors remain quiet.
Wall Street layoffs surged by 275% in April
Job cuts in financial services surge as “Wall Street executives are trying to shrink staffing levels as profits remain under pressure,” says Integrity Research.
JP Morgan reshuffles Equities Council
JP Morgan internal memo shows who will take over leadership of its Equities Technology Strategy Council.