$4.5B Private-Banking Team from Bank of America Leaves for Florida Company Fidelis Capital
The five-person team, who managed more than $4.5 billion in assets of ultra-high-net-worth clients at Charlotte-based BofA Corp.
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Texting Employees Cost Wall Street Firms $549M In Fines For Recordkeeping Rules Violation
How much does it cost to send text message? For 11 trading firms their employees texting about work on personal devices has cost a combined $549M.
US Banker Bonuses to Sink as Much as 25% on Sluggish Deals -Consultant
U.S. investment bankers who advise companies on deals can expect their bonuses to sink 20% to 25% this year as markets stay subdued.
We’re Now Finding Out the Damaging Results of the Mandated Return to the Office–and it’s Worse Than We Thought
We’re now finding out the damaging consequences of the mandated return to office. And it’s not a pretty picture.
Goldman’s Kostin Says Profit Beats Get Coldest Welcome in Years
US firms beating profit estimates isn’t seen as impressive a feat as it once was.
‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea Culpa
Last year’s plunge in S&P 500 made uber bear Mike Wilson most celebrated stock forecaster on Wall Street. A role he has failed to reprise in 2023.
Blue-Chip Debt Problems Are Just Getting Started: Credit Weekly
The corporate bond market seems surprisingly blase about the risk of an economic downturn now.
