Tatiana Bautzer

Wall Street bonuses are expected to rise for the second year for traders and investment bankers on surging deal volume and market volatility, according to financial compensation consultancy Johnson Associates.

JPMorgan Chase has invested $2 billion during the past 11 years in Detroit to help reduce unemployment and boost growth, CEO Jamie Dimon said in an interview in the city on Wednesday, and the bank plans to roll out the model in other U.S. cities.

Citigroup CEO Jane Fraser was elected as chair of the board of directors, the bank said in a filing on Wednesday.

Morgan Stanley's profit beat estimates in the third quarter as a surge in dealmaking drove revenue to records, and the company's finance chief said its investment banking pipeline is at "all-time highs."

The bankruptcies of U.S. auto parts supplier First Brands and car dealership Tricolor have prompted soul searching on Wall Street, with JPMorgan Chase saying it re-examined its controls after finding itself exposed, although banks broadly said that U.S. borrowers' credit quality is robust.

Top U.S. bankers predicted business would continue to boom as equity markets surged over the last quarter and the economy and consumer spending held up despite sweeping tariffs, but some warned asset prices may be unsustainably high.

Citigroup overtrof de verwachtingen voor de winst over het derde kwartaal, die steeg doordat al zijn divisies recordomzet binnenhaalden, ondanks dat het een verlies boekte op de verkoop van een belang in zijn Mexicaanse dochter. Citibank, net als ...

As President Donald Trump's regulators revamp bank rules, big lenders expect their capital requirements could fall, in a stunning victory for the industry which faced a big hike under former President Joe Biden, according to senior industry executives.

Citigroup Chief Financial Officer Mark Mason said at a conference in New York that investment banking fees and market revenue are expected to rise by mid-single digits in the third quarter compared to a year earlier.

Viswas Raghavan's hiring spree and push for more internal cooperation are helping Citigroup's investment banking business climb the Wall Street rankings, according to sources, analysts and public data.

Citigroup is exploring providing stablecoin custody and other services, a top executive told Reuters, in a further sign sweeping policy changes in Washington are spurring major financial firms to expand into the cryptocurrency business.

Large U.S. banks expressed optimism about the investment banking outlook for the rest of the year after dealmaking rebounded in the second quarter, as they reported in earnings on Tuesday.

JPMorgan Chase investment banking fees are expected to rise by 45% in the fourth quarter over a year ago, Marianne Lake, the bank's CEO of consumer and community banking, said on Tuesday.

Morgan Stanley profit surges on investment banking, trading

Feb 26, 2024 ... Citigroup appointed Viswas Raghavan as its new head of banking from JPMorgan Chase , where there has been a management reshuffle and ...

U.S. banking giants are expected to report lower profits for the fourth quarter after they set money aside to cover souring loans while also paying more to depositors.