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Category: Corporate Banking


Activity, Corporate Banking

Goldman is bringing traders back to offices in New York and London in the ‘next several weeks’

May 27, 2020

Via: CNBC

Wall Street is heading back to work. Goldman Sachs is planning on having some of its traders and other markets personnel return to offices in the U.S. and London in the next few weeks, executive John Waldron said Wednesday in […]


Activity, Corporate Banking

Banks will struggle to generate profits even as the global economy recovers, IMF says

May 22, 2020

Via: CNBC

WASHINGTON — The beaten-down banking sector will remain under pressure through 2025 even as the economy recovers, the International Monetary Fund said Friday. In its latest “Global Financial Stability Report,” the IMF found banks across nine advanced economies will struggle […]


Activity, Corporate Banking

Banks investigate sales push linked to corporate loans

May 19, 2020

Via: Banking Technology

The Financial Times reports that lenders including Barclays, Deutsche Bank, HSBC and Santander are conducting internal reviews to find out whether any of their investment bankers tried to link emergency financing to more lucrative services, according to people familiar with […]


Activity, Business Banking, Corporate Banking, Products

JPMorgan is first US bank to serve crypto exchanges as banking clients

May 13, 2020

Via: Banking Technology

It’s the first time the US banking giant has taken on crypto clients. The exchanges were approved in April as customers under the bank’s corporate and investment division, and are now starting to process transactions through the bank, per the […]


Activity, Corporate Banking

Goldman Sachs-backed fintech Flywire cuts 12% of workforce

May 11, 2020

Via: Banking Technology

The Boston-based start-up has laid off 60 of its employees and is putting a further 16 workers on part-time contracts which run until the end of this year. Flywire, which was founded in 2009 and has a total 540 employees […]


Activity, Corporate Banking

Barclays launches CLBIL scheme to support large corporate banking clients impacted by Coronavirus

April 21, 2020

Via: Finextra

Backed by a UK Government guarantee, Barclays will provide lending of up to £50 million for firms with a turnover of over £250 million, and of up to £25 million for businesses with turnover from £45 million up to £250 […]


Activity, Corporate Banking

UK banks scrap dividends as recession fears build across Europe

April 1, 2020

Via: CNBC

Some of the U.K.’s biggest lenders have agreed to scrap billions of pounds of payments to shareholders following pressure from the Bank of England (BOE). Barclays, Santander, Lloyds, NatWest, Standard Chartered and HSBC confirmed late on Tuesday that they will […]


Activity, Corporate Banking

Morgan Stanley’s $13 billion E-Trade deal raises questions about ‘too big to fail’

February 20, 2020

Via: Market Watch

Morgan Stanley said Thursday that is acquiring discount brokerage E-Trade Financial Corp. in an all-stock deal valued at $13 billion that is the biggest for a major U.S. bank since the 2008 financial crisis. The news prompted talk of Morgan […]


Activity, Corporate Banking

Washington Trust Bank expands Baker Hill partnership

February 19, 2020

Via: Finextra

Washington Trust Bank will be migrating to Baker Hill NextGen®, Baker Hill’s unified solution that streamlines loan origination and portfolio risk management for commercial, small business and consumer lending. Washington Trust Bank, the oldest and largest privately held commercial bank […]


Activity, Corporate Banking

BofA, Wells Fargo, Other Provide $256MM DIP for Pier 1

February 18, 2020

Via: ABF Journal

Pier 1 Imports has entered into a Plan Support Agreement with a majority of its term loan lenders and is pursuing a sale of the company. To facilitate an orderly sale process and implement the PSA, the company and its […]