The spectre of 2003’s global research settlement is looming over the world of equity block trades.

The rates sell-off is making it more expensive for high-yield and high-grade borrowers to access the bond markets. Maturities on offer are shortening, and it could be about to get much worse.

JPMorgan is named the world’s best wealth manager in Euromoney’s latest private banking and wealth management survey. It is testament to the US bank’s global strength in serving the wealthiest families, along with its drive to constantly transform itself and boost diversity as it hires the most talented relationship managers in core markets.

Citi’s global head of private banking Ida Liu sits down with Euromoney to discuss her journey to the top of the industry, the value of wellbeing and the importance of eliminating friction from client engagement.

Facebook never recovered from the regulatory hostility that first greeted Libra. It is now selling what is left of Diem while building the very metaverses that might make its stablecoin useful.

A stellar period for the independent investment bank, including its largest-ever acquisition, has set the scene for a strong future, according to CEO Scott Beiser. Its relentless focus on the mid-cap arena and its naturally hedged balance of businesses have created a firm that has quietly become one of the biggest advisory names in the world.

Falls in bond and equity prices that followed the Fed’s hawkish pivot may just be the start, with the key test still to come in new issue markets.

Wall Street firms such as Goldman Sachs, JPMorgan and Morgan Stanley are muscling in on the booming market for private share trading – and potentially disrupting existing technology platforms.

The former CFTC chair who first authorized bitcoin futures sees regulatory complexities ahead for crypto, blockchain and DeFi companies.

Analysts are keeping a close eye on regional as well as US monetary policy as they attempt to plot a course for the currencies of the countries that form the Association of Southeast Asian Nations.

Big numbers don’t always tell a story, but January saw one pop up in three different places. How they connect is intriguing.

Having closed its onshore private wealth businesses in Brazil and Mexico, the US firm had a standout year in its Latin American private bank in 2021.

Equity capital markets and advisory revenues were the standout numbers at Jefferies in 2021, and the firm says its pipeline remains strong.

The decision to sell Citibanamex ends the ‘Mexican exception’.

The acquisition of Bank of the West by Bank of Montreal is complementary and affordable, argues BMO’s chief executive Darryl White.

Bond markets must quickly adapt to a likely much earlier and faster reduction of central bank balance sheets.

A spat among directors of the Federal Deposit Insurance Corporation has led to the resignation of its chair and thrown the prospects for domestic bank M&A into murky waters.

In the face of fierce regulatory pressure in Washington and Beijing, it is hard to see many, or any, Chinese firms going public in New York next year.

Asset managers are following the well-trodden route of bankers in shifting from finance to politics.

Chief executive Brian Moynihan will be hoping that a management reshuffle has set the bank on track to finally make good on the promise of its sprawling reach.

Consent orders provide a perfect excuse to shareholders for spending on the better risk management and controls that Citi’s businesses need.

After setting ambitious targets in its 2020 investor day, Goldman Sachs has been making good on its promises across all areas of the firm.

The bank hopes to profit from the normalization it expected in 2021, if borrowing picks up and rates rise in 2022.

More than five years after succumbing to one of the biggest consumer abuse scandals in history, Wells Fargo still faces significant regulatory challenges.

The firm’s old businesses shone in 2021, but what was once the ballast to stabilize their volatile earnings is now the growth story.

The transition of most of the global financial markets away from Libor and the adoption of risk-free rates is finally upon us. As the clock counts down to the demise of Libor for all new contracts, the focus is firmly on where the sticking points remain: the ‘tough legacy contracts’ and the US dollar loan market.

OTC Markets shows that both medium-size domestic companies and large overseas ones can be publicly quoted in the US without exchange listings.

Chief executive of commercial banking Doug Petno says advanced payments technology rather than lending is the key to winning mid-market clients.

A new venture capital investment firm targeting private technology companies is deploying a multi-directional strategy that it hopes will make money from start-ups that are overvalued as well those on the rise.

The Japanese currency continues to slide as traders anticipate interest-rate movement in the US, but even the Fed's hawkish tilt does not guarantee that this direction of travel will be sustained.