Disappointing earnings reports from JPMorgan Chase and Morgan Stanley have set the stage for a tense summer on Wall Street as bank executives grapple with whether to reduce staffing levels. A decline in investment banking fees had always been expected this year after a record haul in 2021, but bankers […]
investment
HSBC installs Communist party committee in Chinese investment bank
HSBC has become the first foreign lender to install a Chinese Communist party committee in its investment banking subsidiary in the country, a move that underlines the tension facing the bank as it tries to navigate between Beijing and the west. The lender’s China investment bank, HSBC Qianhai Securities, recently […]
Nomura co-head of investment banking foresees huge rise in ESG dealmaking
Large scale M&A ahead: Nomura’s Jeffrey McDermott says ESG dealmaking is set to accelerate rapidly © Pascal Perich In early 2020, when the world’s attention was on the emerging terrors of the Covid-19 pandemic, Japan’s biggest investment bank, Nomura, took its most daring gamble in more than a decade. It […]