Category: Investment Banking

Activity, Capital and Risk, Credit, Investment Banking

JPMorgan Chase’s trading revenue, consumer and commercial loans fall

January 14, 2022

Via: American Banker

JPMorgan Chase posted a decline in trading revenue that was steeper than analysts expected, and both commercial and consumer loans fell from a year earlier. Shares of the company dropped after the firm reported a 16% slide in fixed-income trading […]

Activity, Investment Banking

Foreign direct investment reviews 2021: Switzerland

January 10, 2022

Via: JD Supra

Unlike many other European jurisdictions marked by restrictive conditions for foreign direct investment (FDI), Switzerland has been a very attractive jurisdiction for such investments, with few rules, which has encouraged significant foreign investment. In 2016 for example, Chinese investment in […]

Activity, Investment Banking

Foreign direct investment reviews 2021: European Union

December 27, 2021

Via: JD Supra

“Some national FDI regimes determine filing requirements or intervention rights based solely on the size of the stake acquired” While there is no standalone foreign direct investment (FDI) screening at the EU level, the EU continues to push for a […]

Activity, Channels, Investment Banking

Cross-border payments platform Taptap Send raises $65m in Series B round

December 23, 2021

Via: Banking Technology

The round was led by Spark Capital and saw participation from Unbound and previous leads Reid Hoffman and Canaan Partners, along with Slow Ventures, Breyer Capital, Wamda Capital, Flourish Ventures, and additional investors from the Middle East, Africa, Asia, and […]

Activity, Investment Banking

Citi spin-out Proxymity raises $31m in Series B funding round

December 20, 2021

Via: FinTech Futures

Original consortium investors BNY Mellon, Citi, Computershare, Deutsche Bank, Deutsche Börse, JP Morgan, and State Street all participated in the round. The platform was incubated in Citi and launched in the UK in 2018, following a collaborative pilot partnership with […]

Activity, Investment Banking

Why Digital Assets Will Become Integral to Corporate Treasury Management

November 18, 2021

Via: TechBullion

Discussions of cryptocurrency and decentralized finance typically revolve around trends relating to retail investors. However, recent data suggests that institutions are beginning to invest in digital assets in multiple forms, not least of which is their significant investments into financial […]

Activity, Investment Banking

Paytech start-up Extend raises $40m in Series B round

November 8, 2021

Via: Banking Technology

The round was led by Californian tech-focused VC firm March Capital, with participation from B Capital, Point72 Ventures, Fintech Collective, Reciprocal Ventures, Wells Fargo and Pacific Western Bank. Founded in 2017, Extend says it wants to modernise the payments industry […]

Activity, Investment Banking, Retail Banking

Capital One to acquire healthcare investment bank TripleTree

October 18, 2021

Via: Banking Dive

“Now more than ever, it’s essential to provide our clients with best-in-class solutions, products and services. Capital One and TripleTree together are well-positioned to help our healthcare clients navigate the ever-changing external landscape at every stage of their business,” Darren […]

Activity, Corporate Banking, Investment Banking

JPMorgan’s $2.1B reserve release drives 24% profit spike

October 13, 2021

Via: Banking Dive

Starting in early 2020, the banking industry, JPMorgan Chase included, began growing its loan-loss reserves in anticipation of bad loans over the economic impacts of the COVID-19 pandemic. After setting aside billions over more than a year, banks have been […]

Activity, Investment Banking

Bank Stock Roundup: Expansion Plans of RF, USB, BK & Dividend Hike of OZK in Focus

October 8, 2021

Via: Yahoo

Over the past five trading sessions, the performance of major bank stocks depicted an optimistic stance. The continued market optimism on the back of the Federal Reserve’s slightly hawkish stance on monetary policy is driving the bank stocks. Thus, yields […]