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Investment banks soar as COVID-19 shakes...

Investment banks are back, baby! And you can thank the COVID-19 pandemic and the resulting economic instability for their resurrection. After nearly a decade of apparent toil in the wilderness following the 2008 financial crisis that claimed the lives of two of their powerful brothers, Bear Stearns and Lehman Brothers, and a third, Merrill Lynch, […]

These investment banks received loans fr...

Zach Gibson / Getty Images Text size Some beneficiaries of the government’s paycheck protection program were Wall Street companies, particularly investment banks that typically do millions of tips on business mergers. Earlier this week, the Small Business Administration released detailed information on small businesses that have received $ 150,000 or more in Paycheck Protection Program […]

Investment Banks Got Help for US Small B...

(Reuters) – Tens of millions of dollars earmarked by U.S. lawmakers to help small businesses in the coronavirus-induced economic downturn have been paid out to investment banks that advised them on dealings with the companies, data shows official released on Monday. Under the Paycheck Protection Program (PPP), businesses had to certify in good faith that […]