Investment Banking
Weekly Global News Wrap: Global investment banks may consolidate; EU banks' profits still vulnerable despite buffers
And JPMorgan and Wells Fargo record steep Q1 profit declines.
Weekly Global News Wrap: Global investment banks may consolidate; EU banks' profits still vulnerable despite buffers
And JPMorgan and Wells Fargo record steep Q1 profit declines.
Singapore's investment banking fee revenue down 58.7% to $91.9 in Q1
Advisory fees for M&A deals plunged 80.4% YoY to $11m.
Citi Australia inks client transfer agreement with Royal Bank of Canada
RBC’s staff from Australia and Kuala Lumpur will be transferred to Citi.
SoftBank CEO assures US investors he'll be more cautious
Hedge fund Elliott Management is urging the firm to buy back some $20b of stock.
Goldman Sachs pleads not guilty in 1MDB bond sales fraud
The bank is accused of misleading investors on $6.5b in bond sales.
J.P. Morgan names new senior appointments for APAC
J.P. Morgan has appointed two new senior roles for its Asia Pacific operations.
J.P Morgan appoints new corporate banking head in China
J.P. Morgan has appointed Tim Huang as the head of corporate banking in China, the bank announced in a press release.
Bank of America to hire 50 bankers for Asia investment banking segment
One-third of the new hires will be senior bankers for M&A and capital markets.
Singapore's investment banking fees hit record-breaking $868.1m in 2019
DBS Group clinched 11.8% or $138.79m of the total fee pool.
Crypto bank Sygnum clinches capital markets services licence
It will roll out a multi-manager fund on 1 November.
Singapore investment banking fees down 2% to $796.12m
Advisory fees for completed M&A dropped 16.5%.
Singapore investment banking fees down 15.9% to $366.3m
Advisory fees for M&A deals shrank 49% to $76m.
Weekly Global News Wrap Up: Barclays unveils new electronic trading platform; South African banks strengthen defense against armed robberies
And UniCredit Bank sells 17% stake in online broker FinecoBank.
Weekly Global News Wrap Up: Morgan Stanley's wealth unit boosts earnings amidst trading decline; Deutsche Bank and UBS in talks for merger of AM units
And Saudi Arabia’s largest Islamic bank saw Q1 profits rise 21% to $771m.
Unlicensed investment banks cash in on Korea's bond issuance spree
They earn more than $17.6m in fee income annually without being required to pay taxes.
UBS Singapore to occupy 9 Penang Road by 2020
The building will house 4,000 staff and the bank’s in-house university.
Asian Banking & Finance Corporate & Investment Banking Awards 2019 is now open for nominations
Entries will be accepted until 29 May 2019.