Today news
About the same in other media
Bank of America CEO says dealmaker fees down by up to 60% in fourth quarter
Reading now: 461
Bank of America chief executive, Brian Moynihan, said that investment banking fees at the bank will slide by up to 60% in the fourth quarter, capping a tough year for dealmakers, but expects trading revenue to take up the slack.
"Pools are down by 55-60%," Moynihan said during the Goldman Sachs US financials conference. "Our market share is holding and will be in the same range. The good news is on the trading side, we're going to be up 10-15%."
Investment...
Read more on fnlondon.comAbout this in other media
Citigroup hires former Bank of America dealmaker Sirisha Kadamalakalva to head AI banking fnlondon.com /1 year ago
'Forget a pivot' — markets won't see Fed rate cut boost in 2023, says analyst cointelegraph.com /1 year ago
Bank of England says scrapping banker bonus cap could widen gender pay gap fnlondon.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
