Banking

Banking

Winner of 2024: Investment Bankers

Photo by The Drink via Unsplash

As the dealmaking environment improved in 2024 thanks to the bull market and interest-rate cuts, investment bankers reaped a windfall.

2 min read

Photo by Federal Reserve Board of Governors via Public Domain Mark 1.0

Banking

2024: The Year the Rates Were Cut

The Fed’s September rate cut turbo-charged the stock market, but can the market keep up its bull run for 2025?

2 min read
Photo by Boggy22 via iStock

M&A

2024: The Year Europe’s Bank Merger Dominoes (Maybe) Started to Fall

Europe’s bank M&A scene has been noticeably stagnant for a while, but that could all be about to change next year.

2 min read
Photo by Matthew G. Bisanz via CC BY-SA 3.0

Banking

2024: The Year a Rising Star of US Banking Had Its Wings Clipped

TD Bank was fined more than $3 billion by regulators in October in what’s arguably the biggest banking scandal of the year.

2 min read

Advisor Upside

Why Wells Fargo Is Tapping Into Banking Customers

Photo by Ernie Journeys via Unsplash

Wells Fargo Advisors is hoping it can cross-sell products to customers in other business lines, specifically banking customers.

2 min read

Banking

Wall Street’s Trading Assets Cross $1 Trillion

Photo by Chenyu Guan via Unsplash

It’s got to be at least a yellow flag whenever 2008 — the height of the Great Recession — is your point of reference, no?

2 min read

Photo by Joshua Lawrence via Unsplash

Banking

HSBC Announces Dramatic Makeover That Splits Lender East and West

HSBC announced a restructuring that will cut costs and, if all goes as planned, ease increasingly tense geopolitical relations.

2 min read
Photos by Ikechukwu Julius Ugwu and Nick Sarvari via Unsplash, Daveynin via CC BY 2.0, and Michael Vi via iStock

Advisor Upside

Big Brokers Beat Estimates in Strong Start to Earnings Season

JPMorgan Chase and Wells Fargo, among other banks and asset managers, beat analysts’ expectations in the third quarter.

1 min read
Photo by Mike Mozart via CC BY 2.0

Banking

TD Bank Accepts Cap on US Growth, $3 Billion in Penalties After Failing to Monitor Money Laundering

TD Bank pleaded guilty Thursday to conspiracy to commit money laundering for criminal groups, including global drug cartels.

2 min read

Patent Drop

JPMorgan Patent Could Add Guardrails to AI in Banking

Photo via U.S. Patent and Trademark Office

Given that AI systems can’t always be totally accurate, observing when they make mistakes could mitigate a lot of harm.

2 min read

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