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Investment Banks Remain Gulf Loyal Despi...

Fees are falling, oil prices are low, and the region’s economies are under threat. But the world’s biggest investment banks say they have no intention of pulling out of the Gulf. Regional M&A, loan, debt and equity issuance fees fell 7% in the 10 months to the end of October, according to Refinitiv data. Globally, […]

Nikola shares fall as GM ends investment...

GM is walking away from a deal to take a stake in electric carmaker Nikola Corp., marking the collapse of a deal that has been problematic since it was announced just two months ago. Shares of Nikola fell almost 25% on Monday. GM instead signed a non-binding memorandum of understanding to supply Nikola with its […]

Three-quarters of investment banks plan ...

Three quarters of investment banks plan to permanently overhaul their business to allow employees to work from home – the largest of any group in the financial sector – as the pandemic forces companies to radically change the way they work. The proportion of investment banks preparing to allow staff to work remotely for at […]

How Investment Banks Make Money (JPM, GS...

An investment bank, which includes Bank of America, JPMorgan Chase, and Goldman Sachs, finances or facilitates large-scale transactions and investments for institutional clients. But that’s an overly simplistic view of how investment banks make money. There are, in fact, many facets to what they do. Key points to remember Investment banks provide a variety of […]