The 35-year-old Bank of America investment banker who died from a blood clot earlier this month wanted to leave the U.S. bank because he was working more than 100 hours a week, according to an executive recruiter who spoke with him about seeking a new job.
Goldman Sachs told Reuters it has hired two investment bankers, Kerry Burke and Eddie Rubin, from Evercore and Lazard , respectively, as part of a push to double down on its business that focuses on advising on deals worth up to $2 billion.
Morgan Stanley has struck a deal with an investor group to buy $700 million of property loans tied to the failed Signature Bank, Bloomberg News reported on Wednesday citing people familiar with the matter.
New York Community Bancorp’s shares rose about 3% before the bell on Wednesday after the lender agreed to sell a portfolio of about $5 billion in mortgage warehouse loans to JPMorgan Chase .
Operating profit at Poste Italiane fell 8% in the first quarter despite higher revenues at businesses that range from mail and parcel to payments and insurance, due to the sharp gains it pocketed a year ago by selling some Italian bonds.
The U.S. government is doing the right thing by fully engaging with China, JPMorgan Chase CEO Jamie Dimon said in an interview with Sky News on Wednesday, adding that Beijing was a fierce competitor, but “not an enemy” of the Western world.
Bank of Ireland plans to wind down its 2 billion euro ($2.17 billion) corporate lending business in Britain, in its latest retreat from the market which it said on Wednesday was aimed at generating long-term sustainable returns.
ABN Amro reported a weaker capital ratio in the first quarter due to an increase in risk-weighted assets on Wednesday, overshadowing a better than forecast net profit and sending the Dutch bank’s shares lower.
Mitsubishi UFJ Financial Group (MUFG) posted a narrower-than-expected decline in fourth-quarter profit on Wednesday, and forecast slight profit growth in the current financial year.
