
Alex Morrell
businessinsider.com
- New York, New York, United States
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- Deutsche Bank will start promoting junior bankers earlier as the Wall Street war for talent intensifies5 Mar 2019—InsiderGetty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Deutsche Bank is changing up its junior-banking program, meaning promotions will come a little earlier. The change was outlined in an internal memo from heads of the firm's corporate and investment bank. Deutsche Bank will start promoting its junior bankers a little bit earlier in a bid to keep talented young staff. The bank is changing up its junior-banking program...
- Deutsche Bank has hired another senior software banker as it tries to cash in on the tech-dealmaking bonanza18 Dec 2018—InsiderDeutsche Bank CEO Christian Sewing. Ralph Orlowski/REUTERS This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Deutsche Bank has hired senior software investment banker Greg Thorne, who was formerly a managing director at Stifel. That's the second senior software banker the firm has hired in the past two months. Tech banking has recently been a bright spot for Deutsche Bank amid a turbulent 2018. The bank is aiming to capitalize on...
- Bank of America's investment banking revenues have declined $600 million so far this year —and they think they’ve found the ‘hole’ that caused it4 Dec 2018—InsiderBank of America CEO Brian Moynihan. AP Images / Richard Drew This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Bank of America Merrill Lynch is adding bankers to capture more middle-market deals in the US, CEO Brian Moynihan said Tuesday. Moynihan said the bank left a hole in its high-end midsize deals coverage in US and lost market share, contributing to the firm's decline in investment banking revenues in 2018. Investment...
- Bank of America beats expectations as quarterly profits soar 32% (BAC)15 Oct 2018—Yahoo FinanceMore Bank of America Merrill Lynch reported third-quarter earnings Monday, beating expectations with adjusted earnings per share of $0.66, a 43% increase from last year. Analysts had expected the bank to report adjusted earnings per share of $0.62. The bank also reported profits of $7.2 billion — a 32% increase over last year. The positive results were driven by strong operating leverage, asset quality, and tailwinds from tax reform, the bank said. Here are the rest of the key...
- JPMorgan beats earnings expectations after accounting for $2.4 billion hit from tax reform (JPM)12 Jan 2018—Yahoo FinanceMore JPMorgan Chase released the results from its fourth quarter Friday, beating analyst earnings expectations on an adjusted basis with $1.76 a share. Wall Street analysts had been expecting $1.69 a share. “2017 was a record year on many measures for JPMorgan Chase as we added clients and customers and delivered record EPS. We had healthy growth in Treasury Services, Securities Services and Investment Banking – we were #1 in IB fees globally, a record for the firm," CEO Jamie Dimon said in a...
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