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Category: Corporate banking


Activity, Corporate banking

Two new next-gen banks to open in the US

May 13, 2019

Via: Banking Technology

Piermont Bank is a “new generation” of commercial banking with a focus on helping clients build and grow business. The Piermont Bank’s team says that it aims to support privately-owned business, especially multi-generation family-owned enterprises. It says: “We appreciate, respect […]


Activity, Corporate banking

Deutsche Bank defends risk controls after proxy adviser ISS calls for shareholder revolt

May 8, 2019

Via: CNBC

Deutsche Bank has defended its risk and control system after proxy adviser Institutional Shareholder Services (ISS) called for shareholders to vote against the board. The influential proxy advised its members to vote against “discharging” Deutsche’s board, the vote of confidence […]


Activity, Corporate banking

JPMorgan Provides New $150MM Facility for Clarus

May 7, 2019

Via: ABF Journal

Clarus terminated its asset-backed credit facility and entered into a new $100 million cash flow credit facility, which includes an uncommitted $50 million accordion with JPMorgan Chase. Under the terms of the new senior secured credit agreement, Clarus has access […]


Activity, Corporate banking

Goldman Sachs beats estimates for first-quarter profit, but markets hurt revenue

April 15, 2019

Via: CNBC

Goldman Sachs shares declined after posting first-quarter revenue below analysts’ estimates on tougher market conditions for the firm’s trading and investing divisions. The bank said Monday that revenue dropped 13 percent to $8.81 billion, below analyst’s $8.9 billion estimate. Meanwhile, […]


Activity, Corporate banking, Trading

JP Morgan shares surge after bank posts record profit and revenue

April 12, 2019

Via: CNBC

J.P. Morgan Chase on Friday reported record first-quarter profit and revenue that exceeded analysts’ expectations as the bank benefited from higher interest rates. The company said profit rose 5 percent to $9.18 billion, or $2.65 a share, compared with analysts’ […]


Activity, Corporate banking

Citigroup says President Jamie Forese, considered potential successor to CEO, is retiring

April 11, 2019

Via: CNBC

Citigroup President Jamie Forese will retire after more than three decades at the bank, according to an internal memo seen by CNBC on Thursday and confirmed by a Citi official. Forese, who had been considered a possible successor to CEO […]


Activity, Corporate banking

Bank of America to Raise Minimum Wage to $20 From $15 in Two Years

April 9, 2019

Via: TheStreet

Bank of America, (BAC – Get Report) , the second-biggest U.S. bank, said it would raise the minimum hourly wage for employees to $20 by 2021 from about $15 currently in an effort to improve recruitment and retention efforts. A […]


Activity, Corporate banking

After Consumer Scandals, Wells Fargo Struggles to Recruit Corporate Clients

April 1, 2019

Via: ABF Journal

Three years after a sales practice scandal rocked the bank, Wells Fargo is struggling to recruit new clients for its corporate bank, according to a new report from Reuters. Though Wells Fargo has recovered somewhat on its consumer side, corporate […]


Activity, Corporate banking

Wells Fargo CEO and President Sloan to Retire

March 29, 2019

Via: ABF Journal

Wells Fargo’s CEO and president Timothy J. Sloan will retire from the company, effective June 30, 2019, and will step down as CEO, president, and board member effective immediately. The board has elected C. Allen Parker, who served as the […]


Activity, Corporate banking

Deutsche Bank CEO paid $8 million, top managers get first bonuses in four years

March 22, 2019

Via: CNBC

Deutsche Bank paid its management board members their first bonuses in four years in 2018, with Christian Sewing’s 7 million euro ($8 million) total pay package making him one of the best paid chief executives in European banking. Deutsche Bank’s […]