The news from J.P. Morgan, the world's biggest Wall Street firm by revenue, is likely to be seen as a bearish signal for the performance of other investment banks in the third quarter.
While the bank is yet to make any comment on it, the patent envisions a future where cryptocurrencies are a common means of payment - and people are trusting third-party services such as banks to keep their cryptocurrencies.
Michael Kernicky and his two sons, Michael J. Kernicky and John Kernicky have joined Janney’s Media, Pa., office as the Kernicky Group, Janney says.
Houlihan Lokey, through this platform, will participate in both committed and best efforts transactions across a broad range of financings
Environmental, social and governance issues, or ESG, is a hot topic in asset management, with an increasing number of institutional investors like pension funds and endowments keen to burnish their credentials as conscientious long-term investors.
Davidson, who has been with MUFG since 2012, will be responsible for growing a global team of bankers that focus on deepening existing relationships and increasing the group’s roster of technology clients
The firm has become more selective when asked to advise potentially thorny deals, and it's easing off certain overseas markets, they said.
“Innovation is deeply embedded in Morgan Stanley’s DNA and crucial to driving our business forward,” said Robert Rooney, Morgan Stanley’s Global Head of Technology."
The Middle East and Africa’s biggest private equity fund, which denies any wrongdoing, has been seeking a buyer for the unit as it tries to alleviate pressure from investors and creditors.