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Investment Banking

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Jefferies clears First Brands exposure with a $10m hit amid ongoing legal scrutiny
business16 days ago

Jefferies clears First Brands exposure with a $10m hit amid ongoing legal scrutiny

Jefferies posted $2.9B in Q1 revenue and a $156M net income, but took a $10M loss after writing its direct exposure to collapsed car-parts supplier First Brands to zero (total exposure, $17M including Market Financial Solutions). The First Brands financing, off‑balance sheet through Point Bonita, is linked to a broader legal fight and SEC probe into disclosures to investors. Western Alliance has sued Jefferies over a related loan, and shares have fallen this year amid takeover talk from Sumitomo Mitsui Financial Group.

via Financial Times|
#business#financial-services#first-brands-group
Centerview settles suit over brutal analyst hours ahead of trial
business1 month ago

Centerview settles suit over brutal analyst hours ahead of trial

A junior banking analyst sued Centerview Partners, alleging disability discrimination after she was fired for needing eight to nine hours of sleep due to mood and anxiety disorder, with testimony describing 60–120 hour workweeks and even 24-hour shifts. The case settled before trial in Manhattan federal court with undisclosed terms, avoiding a courtroom ruling and testimony from top bankers; Centerview denies wrongdoing.

via Business Insider|
#business#centerview-partners#disability-discrimination
Barclays rewards MRTs with near-£1m bonuses amid mixed year for bankers
business2 months ago

Barclays rewards MRTs with near-£1m bonuses amid mixed year for bankers

Barclays’ investment bank material risk takers earned an average £901k in bonuses for 2025 (£732m total for 1,465 MRTs), with MRTs’ average salary at £652k for a £1.6m total package. Despite a weak year for M&A and capital markets fees, the bank plans to pivot toward advisory growth and aims to raise its share of global IB fees to about 3.5% by 2028. Bonus distribution remained top-heavy: 762 staff earned over €1, 89 earned over €3.9m, and one individual was in the €17–€18m range.

via eFinancialCareers|
#barclays#bonuses#business
Citi staff brace for more cuts after bonus payouts amid strict appraisals
business2 months ago

Citi staff brace for more cuts after bonus payouts amid strict appraisals

Citi plans additional layoffs in March after bonuses are paid, on top of 1,000 pre-bonus cuts, as insiders report a stricter performance-rating system that downgrades long-time high performers to a 3 out of 4, fueling fear of mass redundancies; the bank has relaxed cost guidance to around 60% as it continues staffing realignment and transformation.

via eFinancialCareers|
#bonuses#business#citi
Goldman Sachs poised for solid Q4 as trading gains and advisory fees lift earnings
business2 months ago

Goldman Sachs poised for solid Q4 as trading gains and advisory fees lift earnings

Goldman Sachs is set to report Q4 2025 earnings before the open with consensus at $11.67 per share on $13.79 billion in revenue, aided by stronger fixed‑income and equities trading, higher investment-banking fees, and a 46‑cent-per-share boost from selling the Apple Card business to JPMorgan, highlighting favorable trading and deal activity for the quarter.

via CNBC|
#business#earnings#goldman-sachs
Citigroup rides IB and wealth gains to a Q4 beat, sets 2026 NII targets
finance2 months ago

Citigroup rides IB and wealth gains to a Q4 beat, sets 2026 NII targets

Citigroup beat Q4 expectations with adjusted EPS of $1.81 on revenue of $19.9B, led by strength in investment banking and wealth management, while a Russia exit-related charge and softer markets limited GAAP results. The bank sees 2026 net interest income ex-markets rising about 5-6% from 2025 (~$49.8B to ~$52.3B-$52.8B) and targets a 60% efficiency ratio, down from 65% in 2025. End-of-period loans rose to $752B and deposits to $1.40T.

via Seeking Alpha|
#citigroup#earnings#finance
Morgan Stanley elevates 184 MDs for 2026, spotlighting AI leaders and ex-hedge fund traders
business2 months ago

Morgan Stanley elevates 184 MDs for 2026, spotlighting AI leaders and ex-hedge fund traders

Morgan Stanley promoted 184 new managing directors for 2026, highlighting a strong AI leadership track with several AI-focused appointees, plus hires in private credit, investment banking, trading, and sales (including biotech banking and ex-hedge fund traders). Base MD pay is about $400k with additional bonuses, and the list features promotions across regions and functions, with names listed at the article’s end.

via eFinancialCareers|
#artificial-intelligence#business#investment-banking
Wall Street Bonuses Set to Reach Four-Year High for Second Consecutive Year
business5 months ago

Wall Street Bonuses Set to Reach Four-Year High for Second Consecutive Year

Wall Street bonuses are expected to increase for the second consecutive year, driven by market volatility, a rebound in M&A activity, and strong performances in trading and wealth management, with equity traders potentially seeing gains of up to 25%. However, industry experts warn that this positive trend may not continue into next year due to economic slowdown and risky investments.

via Bloomberg.com|
#business#investment-banking#manda-surge
Wall Street Bonuses Expected to Rise Again Amid Tech and M&A Boom
business5 months ago

Wall Street Bonuses Expected to Rise Again Amid Tech and M&A Boom

Bonuses in the financial sector are expected to rise significantly this year, with equity traders and investment bankers seeing the largest increases in a decade, driven by higher revenues and increased demand for talent, while Goldman Sachs partners emphasize a focus on talent and people. Meanwhile, notable transactions and personnel changes highlight ongoing shifts in the industry.

via eFinancialCareers|
#bonuses#business#financial-services