Top

Category: Corporate Banking


Activity, Corporate Banking

JPMorgan traders complain that bank doesn’t inform all staff of coronavirus cases at headquarters

September 23, 2020

Via: CNBC

Some JPMorgan Chase traders are upset that they only learned about a coronavirus case in their building last week from press reports, CNBC has learned. When the bank discovered that an employee on the fifth floor of its Manhattan headquarters […]


Activity, Corporate Banking

Deutsche Bank preparing for a wave of European bank mergers, CFO says

September 22, 2020

Via: Market Watch

Deutsche Bank’s finance chief said on Tuesday that Germany’s biggest lender was working hard to prepare for a coming wave of mergers in the banking sector. “For Deutsche Bank DBK, +0.02%, we’ve been very focused on executing on our own […]


Activity, Corporate Banking

Citigroup restarts job cuts after coronavirus pause

September 17, 2020

Via: Banking Technology

The bank, which became the first Wall Street institution to appoint a woman as its CEO last week, employs around 204,000 people. The bank expects its cuts to affect 26,000 people in 2020. Citi wasn’t alone in putting a pause […]


Activity, Corporate Banking

Wells Fargo resumes job cuts after pandemic break

August 25, 2020

Via: Banking Technology

The lender said in July it would launch a broad cost-cutting initiative this year as the bank braces for massive loan losses caused by the pandemic. It is also continuing to work through expensive regulatory and operational problems tied to […]


Activity, Corporate Banking

Monzo’s losses widen due to COVID-19

August 3, 2020

Via: Banking Technology

It says coronavirus disruption casts “significant doubt” on its ability to continue as a going concern. However, net losses widened as it ramped up spending on marketing, technology and staff. The amount spent by Monzo customers also rose to £10.9 […]


Activity, Corporate Banking

Third wave of COVID-19 forces Hong Kong banks to close branches

July 22, 2020

Via: Banking Technology

The South China Morning Posts reports that the 11 lenders will partially or completely shut down operations at some 58 branches – about 5% of the city’s total – from 21 July. The restrictions come as the latest outbreak pushed […]


Activity, Corporate Banking

Lloyds commits to increase Black staff in senior roles

July 21, 2020

Via: Banking Technology

The bank reports that just 0.6% of its employees at senior levels are Black. The bank has a target of around 170 more hires to hit the 3% figure. Lloyds revealed this new commitment to its staff last week. Alongside […]


Activity, Capital and Risk, Corporate Banking, Credit

U.S. Bank Receives $65 Million in Tax Credit Allocations

July 21, 2020

Via: Yahoo

U.S. Bancorp Community Development Entity, LLC (USBCDE, LLC), the community development arm of U.S. Bank, received $65 million in tax credit allocations from the U.S. Department of Treasury to help address persistent gaps in economic outcomes in lower-income communities. The […]


Activity, Corporate Banking

Bank of America shares drop as the firm sets aside another $4 billion for coronavirus-related loan losses

July 16, 2020

Via: CNBC

Bank of America on Thursday posted second-quarter earnings that were bolstered by stronger-than-expected bond trading and investment banking revenue. The bank said it generated earnings of $3.5 billion, or 37 cents a share, exceeding the 27 cents a share expected […]


Activity, Corporate Banking

Goldman Sachs shares jump as earnings blow past the Street on the best trading results in years

July 15, 2020

Via: CNBC

Goldman Sachs on Wednesday reported blowout second-quarter earnings as its reliance on trading and investment banking paid off amid the market turbulence caused by the coronavirus pandemic. The bank said it generated $2.42 billion in profit, or $6.26 a share, […]