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Bonus plan tied to share price targets for Wall Street investment bank
Investors have doubts about how long winning streak in investment banking will last
Boss tells Financial Times stock price will ‘take care of itself’ if lender performs
Banks are producing research on this new industry in response to demand and fear of missing out
US bank hails ‘milestone’ as it prepares to increase staffing and investment in the country
Valuation reflects a riskier earnings profile despite push into consumer banking and wealth management
Record profits cap week of similar results at Citigroup, Morgan Stanley and BofA, driven by dealmaking rush
Record profits show that American banking business remains healthy
BofA also benefits as M&A boom helps US lenders overcome low interest rates and weak loan demand
Spending on pay and tech set to bite as the benefits felt by a surge in trading revenues and falling loan loss provisions fade
Wall Street bank is close to taking control of its Chinese subsidiary but new challenges have emerged
Systematising the tedious tasks of juniors is only partially good news
Instead of unburdening the working lives of junior recruits, automation could mean they do more
Goldman, Barclays and Moelis plan to make basic ‘pitch book’ tasks less arduous for burnt out staff
‘Financial sponsors’ increasingly press their advantage against investment banks
Investment banking revenues surge while lenders reduce capital set aside for defaults
New outlook for world’s biggest bond market has broad implications for global assets
Resilience through the pandemic shows how much has changed for sector
Bank aims to cut size of equity investments by a fifth even after record $3.7bn in revenue
First-year analysts to start on $110,000 a year amid pandemic-driven M&A boom
The Swiss bank publishes a report on the Archegos blow-up, which left it nursing losses of $5.5bn.
First-year analysts will earn $100,000 per year, bringing lender in line with rivals
UK bank announces £500m share buyback programme after restrictions lifted by Bank of England
Germany’s biggest lender reports best run of profits in almost a decade
Traditional industry focus on company-to-company strategic deals is less important to the business