Investment banking

The leak has gripped Asia's investment banking industry this week after one of Morgan Stanley's top bankers accidentally sent an email to some clients containing a list of more than 100 deals the Wall Street firm was working on and monitoring.

The AI company has debuted ChatGPT for Financial Services, an enterprise tool that may threaten the role of junior analysts at investment banks.

The bank's decision to transfer two of its exchange-traded funds to the Texas Stock Exchange is an effort to better align the funds with their investment thesis, the bank said.

The capital markets business, loan growth, credit quality and an improved macroeconomic outlook were all factors in the industry's strong second-quarter results.

State Street executives said Thursday that one of its investment funds was selected as the default investment option for "Trump accounts."

A breakout month by the company's newly acquired investment banking subsidiary, BTIG, added nearly $100 million of revenue during the second quarter.

The investment banking giant has a hefty amount of excess capital, some of which is being used to meet client demand. At the same time, the company is open to opportunities to do bolt-on acquisitions, CEO Ted Pick said.

JPMorganChase CEO Jamie Dimon declined to give specifics on when he will step down, saying the decision ultimately rests with the board of directors.

The Kansas City bank plans to purchase St. Louis-based Nolan & Associates, adding to its investment banking advisory capabilities.

The largest U.S. bank by assets announced a series of leadership changes affecting its global investment banking business, including three new co-heads to oversee the segment.

The Dallas bank continues to advance a multiyear transformation strategy. On Thursday it laid out plans to expand its newly revamped private banking and family office business.

The Cleveland-based regional bank plans to acquire Clearwater UK, a middle-market investment banking advisory firm. The transaction marks Key's first entry into the Western European market.

The investment bank reported a surge in net revenues for the first quarter, aided by robust client activity in investment banking and wealth management.

After a strong first quarter, America's second-largest bank hailed the resilience of the U.S. consumer, but also forecast rising inflation in the near future.

America's largest bank enjoyed strong performance in each part of the company, but especially its markets business. JPMorgan also kept credit in check, despite concerns about geopolitical conflict.

Goldman CEO David Solomon called the overall macroeconomic environment "constructive" on Monday, but he also addressed the elephant in the room: a war in Iran that threatens to drive up U.S. inflation.

Following similar glitches at Lloyds and the London Metal Exchange, a tech outage at UBS has renewed scrutiny on modern banking platforms.

The Wall Street investment bank had staunchly defended Kathy Ruemmler over her previous association with Jeffrey Epstein. 

Goldman Sachs' fourth-quarter earnings far exceeded analysts' forecasts, overcoming losses from its consumer-focused Platform Solutions unit.

The investment banking giant reported an 18% increase in net income for the fourth quarter and stuck to its 2-year-old financial targets, even as it exceeded some of them.