Why Investment Banks Are Entering an Era of AusteritySome banks are still running "complex, legacy infrastructures that haven’t been addressed since Noah boarded the Ark," notes one analyst.
The Death of Trading: Why More Big Banks Think the Business of Trading Stocks Is a Losing Bet"You put people at desks and hope they make money," says one analyst of the speculative nature of the business. "All of the second-tier [trading] players are getting culled."
Slack Is Going Public Without an IPO. Here's How a Direct Offering WorksDirect offerings feature less trading volatility than IPOs.
Record Earnings, Good Economy—So Why Are the Big Banks Cutting Back?Cost structures and non-bank competition are at least partially to blame. But it's complicated.
Indonesia Penalizes J.P. Morgan for Rating Its Bonds ‘Underweight’"No need to use J.P. Morgan's services as a primary (bond) dealer," said a finance official.
Why Goldman Sachs Is Missing Out on This Year’s Biggest DealRival Morgan Stanley is now No. 1 in the U.S. merger advisory rankings.
Goldman Sachs Says Brexit Could Force a Restructure in Some OperationsIt may not be the only one.
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