Public Markets

J.P. Morgan has been entrusted with a crucial responsibility by the U.S. Treasury Department. The financial giant has been designated to validate federal government accounts under a pioneering financial agency agreement. This momentous decision comes after an arduous selection process, ultimately awarding J.P. Morgan a five-year program...

In a significant move towards strengthening global financial ties, Swiss banking giant UBS and China's Industrial and Commercial Bank of China (ICBC) have announced their intent to deepen cooperation in the realms of banking and wealth management. The collaboration marks a pivotal moment in the financial industry, as two of the world's leading financial institutions seek to leverage their collective expertise and resources...

In the wake of UBS Group AG's takeover of Credit Suisse, Barclays Plc is eyeing potential deals in the Swiss bank's sophisticated ESG (environmental, social, and governance) debt market. This move comes as global banks express increasing interest in this burgeoning sector...

In a strategic move to address current challenges, Wall Street titan Goldman Sachs has announced significant changes to its executive team. Longtime insiders are being entrusted with additional responsibilities to steer the company through a period of transformation. Ericka Leslie, a distinguished member of the executive committee, is set to transition from her role as Chief Administrative Officer to assume the position of Chief Operating Officer for Goldman' Sachs global banking and markets division...

In a significant move for the Canadian financial sector, the Royal Bank of Canada (RBC) has received approval from Canada's Competition Bureau for its $10 billion acquisition of HSBC's Canadian retail unit. The deal, which was initially announced earlier this year, marks a pivotal moment in the Canadian banking landscape and underscores RBC's commitment to further strengthening its position in the market...

Bank of America Corporation (NYSE: BAC) continues to be a reliable choice for income-seeking investors. The recent announcement of a $0.24 dividend on September 29th, representing a year-over-year increase, brings the dividend yield to a respectable 3.4%, in line with industry averages...

Bank of America Corp. is pioneering a novel approach to accelerate the transition to clean energy by brokering rewards through a groundbreaking plan that offers corporations tax savings in exchange for financing clean-power projects. This innovative strategy marks a significant step towards aligning financial markets with sustainability goals, setting a precedent for a sustainable and profitable future...

In a significant development for Switzerland's financial landscape, UBS, the country's largest bank, announced on August 11, 2023, that it has successfully concluded its government-engineered bailout plan, which was initiated to facilitate its acquisition of Credit Suisse. Swiss taxpayers, who had been holding their breath since the bailout plan's inception, can now breathe a sigh of relief as the state-backed assistance comes to an end...

In response to the recent collapse of three major banks, U.S. banking giants are stepping up to rebuild the Federal Deposit Insurance Corporation (FDIC) fund. JPMorgan Chase, Wells Fargo, and Bank of America have announced their plans to allocate billions to replenish the fund in line with new FDIC guidelines...

In a recent interview on Fox Business, Bank of America CEO Brian Moynihan voiced his concerns about the upcoming proposal to tighten bank capital requirements in the United States, urging regulators to apply Basel III rules carefully to maintain the worldwide competitiveness of U.S. banks. Moynihan emphasized the need for a level playing field and cautioned against overly strict enforcement that could hamper the ability of smaller American banks to compete against their global counterparts...