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The era of high interest rates offers an advantage to America’s largest financial institutions, at the expense of smaller rivals
Weak relative performance underlines the challenges facing lenders
Staff left on tenterhooks as they await news of big job cuts across the bank
The FT rounds up the US bank executives cashing in their shares
Higher interest rates, an uncertain economy and remote work pile pressure on office space owners
Always. But it’s now possible to imagine them getting better.
Colm Kelleher’s comments countered by Apollo’s Marc Rowan who says asset management industry adds ‘robustness’
David Solomon is counting on the newly merged division to close the bank’s valuation gap — and secure his job
Sceptics with questions about US bank’s past crypto company dealings have bet against its stock
Diverging paths of David Solomon and Sixth Street’s Alan Waxman shown in deal over GreenSky consumer lending unit
Incoming CEO Ted Pick and his top two lieutenants will receive equal packages worth roughly $20mn at time of grant
This is not your mother’s EFFR
Chief executive intends to dispose of 1mn shares through equity trading plans next year
Incoming chief executive will struggle to deliver the type of outsized gains seen under his predecessor
Investment bank launches institute to counsel clients on international affairs and technology
James Gorman took the bank from underdog to the top of Wall Street. The new chief must decide what comes next
Head of investment banking and trading was one of 3 internal candidates
And bank margins are fine
Net interest income is squeezed as lenders pay out more to keep depositors
Emergency cash and repayment freeze gave lenders an ‘opportunity to juice up their growth’
Falling revenues in division compounded by slower growth in wealth management
Gorman points to earnings cycle turning sharply upward just in time for successor to notch early wins
Scotland to issue bonds for the first time, says Scottish National party leader
Earnings growth trails rivals but lender buoyed by strong performance in investment banking and sales and trading
US lender can only hope to position itself for a rebound in IPOs and merger activity
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