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UBS on Goldman: 'We believe concerns over Marcus are overblown'
Concerns have been raised about the number of subprime customers Goldman Sachs' online lending business Marcus has lent to.UBS says concerns are "overblown" and Marcus is the right long-term move for...
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Goldman Sachs is set to promote a top exec to co-head the securities...
Jim Esposito is expected to be named as co-head of Goldman Sachs's securities division, according to a person with knowledge of the matter. Esposito is part of a small group of executives thought to be...
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A top sales executive in HSBC's US trading division is out after only a year
A top executive is out in HSBC's US trading division in the US after only a year.Mark Miller, formerly the head of institutional sales in the Americas, has left the firm, according to people familiar...
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MUFG has hired a hedge-fund executive to run credit sales as the Japanese...
Mitsubishi UFJ Financial Group has hired hedge-fund executive John Karabelas to run fixed-income sales in the Americas.Karabelas, a 25-year vet with long stints at Deutsche Bank and BNP Paribas, will...
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Deutsche Bank has hired a new managing director in credit trading, one of the...
Deutsche Bank has hired a new managing director in its credit-trading business, one of the bank's top performers.Drew Meany, formerly a managing director at Cantor Fitzgerald, is joining Deutsche Bank...
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JPMorgan traders are set to see higher bonuses this year after the bank...
JPMorgan bankers are set to reap mid-single-digit percent increases in annual bonuses.Equities traders and investment bankers are set to get better bonuses than their counterparts in fixed-income...
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A leaked memo shows a shakeup is underway in Bank of America's sales and...
Bank of America Merrill Lynch is shaking up its fixed-income, currencies, and commodities division.The head of FICC sales and structuring in the Americas is moving on to a new role in trading and will...
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Goldman Sachs' glitzy new London trading floor is the size of a soccer field...
Goldman Sachs told its staff in London to prepare for a summer move to its shiny new UK headquarters.Employees are already complaining. One equities trader told Business Insider he was worried "we'll...
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A top credit salesman at Bank of America Merrill Lynch has left after nearly...
Brian Kirkwood, a managing director in investment-grade credit sales, is leaving Bank of America Merrill Lynch after nearly 15 years. Bank of America has Wall Street's third-ranked business for...
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Citigroup launched a major restructuring of 2 of its top moneymaking units in...
Citigroup is merging its rates and currencies operations, two of its top moneymakers in sales and trading. As part of the changes, Nadir Mahmud, who ran the firm's foreign exchange and local markets...
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Meet Karen Fang, who just landed a big promotion at Bank of America running a...
A relatively rare occurrence just three years ago in credit markets, billion-dollar trades packaged with hundreds of different bonds are now happening every week. In July, Bank of America went live...
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Goldman Sachs has poached a top credit trader from a $30 billion hedge fund...
Goldman Sachs has poached a senior trader from the $30 billion hedge fund Anchorage Capital.Drew Goldman, 37, is departing Anchorage and joining the investment bank as a managing director in its...
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Giants like JPMorgan, Morgan Stanley, and Tradeweb are embracing a...
Credit portfolio trading has exploded in 2019, according to Wall Street executives.Investors are flocking toward the tool, and trading firms can facilitate it, as a way to exchange large, diverse...
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A big reorg is underway in Bank of America's bond-trading division, and the...
Bank of America is overhauling one of its most high-profile and lucrative businesses, its $8.4 billion fixed-income-trading division.The bank is forming two units and appointing new leadership.As part...
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A top credit-trading exec is out at Wells Fargo. The exit comes as the bank...
A senior credit-trading exec is out at Wells Fargo.Mark Hebert, the head of high-grade credit trading, has left the company after just one year, according to people familiar with the matter. Hebert had...
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Another Deutsche Bank credit-trading exec just resigned, adding to a slew of...
Another senior credit trader is out at Deutsche Bank, sources told Business Insider.Steven Feinberg, who runs IG credit trading, is resigning from the firm, according to people familiar with the...
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Headhunters lay out what bonus season could look like this year for Wall...
Wall Street traders, especially those in fixed income, have had a blowout year, with many desks at least doubling last year's performance in the first half of the year.But traders expecting a giant pay...
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A Morgan Stanley credit desk has reaped nearly $1 billion thanks to a surge...
Summary List PlacementThis story was originally published October 13, 2020.Morgan Stanley's investment-grade credit trading desk has reaped nearly $1 billion in revenue so far in 2020, well outpacing...
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Bank of America just named a former fixed-income executive to fill one of the...
Summary List PlacementBank of America has filled a vacant senior position in its equities division, promoting an executive with a background in fixed-income markets to the role once held by equities...
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Senior RBC junk-bond trader Todd Bondy has left to join MUFG, which is...
Summary List PlacementJapanese bank MUFG is continuing to invest in its credit-trading business, and another piece of the revamp has fallen into place. MUFG has hired Todd Bondy to run its junk-bond...
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