North America

The 150-year old bank looked inspired by Apple.

Some organizations, drawn in by irresistible fees, can’t resist working with high-risk clients – but technology might offer a solution.

The investment bank will no longer IPO firms without diverse directors.

The investment banking co-head is proud of his RoE, while the securities team seems subdued about the task ahead.

In applying for exemption to the requirement to disclose an ETF’s portfolio, Goldman Sachs joins a small group of firms testing a new approach.

Expect the unexpected with the former PM at a Vegas bunfight.

FASB chair grilled by US lawmakers over implementation cost of new accounting rules.

Dealmakers are optimistic about a pick-up in large deals and outbound M&A from Europe this year, but the need for regional consolidation is more urgent.

The asset manager has decided to pull investment from firms that don’t make sufficient progress on ESG disclosure while it routinely votes against climate-related shareholder resolutions itself.

The traditional debt specialist is aiming to round out its growing European franchise with an equity capital markets advisory business.

Calm in the money markets over the new year will not silence growing calls for the Federal Reserve to provide a standing repo facility.

The premium price for its acquisition of Plaid shows Visa’s determination not to be left behind in the fintech-led transformation gathering pace across financial services.

Welcome to the 2020s.

The global bank has refreshed its senior management but needs to start demonstrating its platform can deliver best-in-class returns.

The world-leading bank aims to stay big with long-term investments, no matter what difficult conditions the market throws up.

Backed by a powerful domestic franchise, Bank of America is performing well through turbulent markets.

The investment bank’s move into new business lines is proving tougher and more expensive than expected.

Italy’s biggest bank has surpassed expectations; higher dividends and share buy-backs could maintain its appeal.

With wealth management outperforming even its senior management’s expectations, the US firm is looking to build in other areas.

The bank is penetrating deeper into its home markets to complement its long-standing international growth initiatives.

After a stellar year for emerging market bonds in 2019, the world’s largest EM bond house says returns don’t look so rosy for 2020.

A no-growth decade won’t stop bankers from chasing fees and trading profits. Mystic Maca looks even further ahead.

Exchange-traded funds (ETF) replication together with growing automation could be set to transform bond market liquidity.

The needle may slowly be moving, but if we continue at this pace sustainable finance will still be a niche rather than integrated into all finance by the end of the century.

It is an almost unchallenged truth that the next crisis will be triggered by over-leveraged corporate borrowers crumbling under the weight of cheap debt that they have taken on over the last decade. Right in the middle of this are the CLO buyers that have made much of that lending possible. But rather than taking fright at the prospect of a slew of triple-C credits in their pools, CLO managers are running straight towards it.

The US firm is cutting just under 2% of its workforce, a reflection of what could be coming in 2020.

Excitement at the prospect of Goldman’s first investor day is mounting.

A lot of bother over BofA.

Could the direct listing format withstand an injection of primary capital-raising? Yes, but not without complications.

Cross-border instant payments gain traction, although the trend is not moving fast enough, say industry experts.