Banking
The Techno-Functional Visionary Reforming Risk Management in Banking
An industry once characterized by its steadfast adherence to tradition, the banking sector is now keeping up with integrating digital technology into banking operations, leading to increased efficiency, improved...
BNP Paribas cuts investment banking bonuses on weak trading
BNP Paribas has reduced bonuses across its investment banking division after a weak year for deals and trading. The French lender reduced total variable compensation in the unit by...
Goldman Sachs exits Japan transaction banking in sudden reversal
GOLDMAN Sachs Group is exiting transaction banking in Japan, less than a year after announcing plans to enter the business of managing cash flows for big companies in the...
US banking sector profits drop 44% in Q4 as big firms cover failed bank costs
THE US banking sector saw its profits drop by nearly half in the last quarter of 2024, as large firms began paying hefty fees to help recoup costs incurred...
Global banking watchdog to crack down on ‘window dressing’ by big lenders
GLOBAL banking regulators set out potential measures on Thursday (Mar 7) to crack down on “unacceptable” attempts by the world’s biggest banks to game rules in a bid to...
Bank of America joins rivals in predicting stronger investment banking revenue
BANK of America (BOA) expects its investment banking revenue to rise by 10 to 15 per cent in the first quarter from a year earlier, joining rivals who have...
Citigroup CEO sees rising fees in investment banking, weaker markets revenue
CITIGROUP expects investment banking fees to rise by a low-teens percentage in the first quarter versus the fourth quarter of 2023, CEO Jane Fraser told investors on Tuesday (Mar...
Citigroup CEO sees rising fees in investment banking, weaker markets revenue
CITIGROUP expects investment banking fees to rise by a low-teens percentage in the first quarter versus the fourth quarter of 2023, CEO Jane Fraser told investors on Tuesday (Mar...
