The fact that Bank of America has come out and said that they are worried about a bubble being created that may burst with both stocks and bonds is pretty curious, as at first glance you wouldn’t think either is suspect, at least if you understand a
While it was not clear how many jobs would go, the people said the planned move would mainly hit operations in London and to a lesser extent in Asia, which contributes nearly 90% of the bank's profits.
On Tuesday, January 28, Vault.com released its annual Banking 50, a ranking of the best investment banking firms to work for in North America.
It will offer fixed-income products, including foreign exchange and South African government securities, to corporate and institutional investors, and has executed its first transactions with clients.
With deposits growing above the industry rate, a low risk loan portfolio and a strong balance sheet with billions in excess liquidity, the pieces were in place for the bank to continue taking market share, he told the FT.
In the last few weeks of 2019, Morgan Stanley, UBS and Wells Fargo announced changes to their comp structures for this year, each designed to incentivize their advisors to grow their assets. But the changes weren’t received well by many.
The changes, just before the bank’s fourth-quarter earnings report next week as well as its first-ever investor day later this month, should allow investors a cleaner look at how Goldman lines up with competitors.