Tag: investment banks

December 16, 2019

Goldman Sachs has announced the strongest fossil-fuel finance restrictions of any major U.S. bank, a move conditionally embraced by advocacy groups such as the Sierra Club. Goldman GS, +2.10% , with its Sunday announcement, becomes the first of the large […]

April 2, 2019

Oil bulls pushed prices higher again on Tuesday, finding encouragement in signs of tightening supplies and fading worries over global economic growth. The optimism has spread through investment banks, with many bumping up their price predictions for 2019, according to […]

November 16, 2018

John Richert knew the moment Goldman Sachs was coming to town. First, the J. P. Morgan Chase banker got a call from a recruiter in June 2017 asking if he would consider joining the rival. Then Goldman went after his […]

May 25, 2018

Global investment banks reaped the most first-quarter revenue in three years, but that didn’t stop the industry from firing traders as a years-long contraction continues, according to a report. The world’s 12 biggest banks generated $43.9 billion in revenue from […]

April 6, 2018

Wells Fargo & Co. WFC, -1.18% is planning to further integrate its corporate and investment banks in an effort to reduce costs and better serve its clients, people familiar with the matter said. The bank’s plans, which could lead to […]

January 30, 2017

You might not be familiar with investment banks, which are neither typical financial institutions nor investment companies. For instance, you don’t walk into one and ask for advice on high-yield investments from an investment broker. Instead, good investment banks support […]

November 3, 2016

Credit Suisse’s chief executive, Tidjane Thiam, is clearly frustrated with the investment banking operations of the institution he oversees. And with good reason: Wall Street banks seem to have won most of the battle for supremacy over who gets most […]

July 14, 2016

America’s banks require more creativity. That conjures up fears of accounting tricks or overly complex products with zero economic or social benefit. The truth is simpler: Return on equity at the nation’s lenders and investment banks remains too low, and […]