There were fewer mergers and public listings this year, shrinking investment banking revenue. For bankers, that means a smaller pot of money for bonuses.
Category: JPMorgan Chase & Company
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For Many Wall Street Bankers, This Year’s Bonus Season Is a Bust
The New York Times – Business: -
Zelle Fraud Victims Are in Line to Receive Reimbursements
The New York Times – Business:A rule change planned for early next year would shift liability for some losses onto the banks, not their customers.
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What the Banks Stock Rally Says About Wall Street
The New York Times – Business:A strong batch of earnings have propelled bank stocks in recent days, but investors remain more cautious on the outlook of Goldman Sachs and Morgan Stanley.
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Morgan Stanley’s 30% Profit Drop Sends Stock Price Down
The New York Times – Business:The Wall Street firm reported lower fees and weaker revenue from trading stocks in the third quarter.
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JPMorgan’s Profit Shrinks, but Chief Says U.S. Customers Are ‘Healthy’
The New York Times – Business:The bank earned $9.7 billion in the third quarter, down from last year. It also added to reserves against loan losses and took a hit on some investments.
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JPMorgan, Citigroup and Other Big Banks See Profits Drop
The New York Times – Business:Lenders foresee economic “headwinds,” but household spending is mostly holding up, buffering profits from turmoil in financial markets.