Economy - Finance > Investment

Barclays has lost a quintet of FIG bankers over the last month - and it shows how Jes Staley's bonus cuts may be affecting morale

6 monthes ago   |   By Business Insider

Barclays has lost five investment bankers from its Americas financial institutions group in the last month or so.
The bankers left due to a variety of individual factors, though some included the British bank's efforts to cut compensation costs in order to meet a year-end profitability goal.
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Major retailers including Nordstrom, Macy's, and JCPenney reportedly joined Victoria's Secret in using a modeling agency with ties to Jeffrey Epstein

Major retailers including Nordstrom, Macy's, and JCPenney reportedly joined Victoria's Secret in using a modeling agency with ties to Jeffrey Epstein

6 monthes ago   |   By Business Insider

Several major retailers - including Nordstrom , Macy's , and JCPenney - reportedly worked with MC2 Model Management, the agency accused of supplying underage women to Jeffrey Epstein 's alleged sex trafficking operation.
According to Bloomberg , MC2 business partner Jeff Fuller approached CEO Jean-Luc Brunel in 2014 to voice concerns about Brunel's ties to Epstein, noting that he had received a "tremendous amount of worries from our clients."
Still, many brands continued to work with MC2. Bloomberg reported that a Nordstrom executive sponsored Brunel's application for a O-1 visa, granted...
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Bank of America's investment-banking hiring blitz continues with several more star dealmakers - including a Lazard veteran who worked on a $100 billion beer merger

Bank of America's investment-banking hiring blitz continues with several more star dealmakers - including a Lazard veteran who worked on a $100 billion beer merger

6 monthes ago   |   By Business Insider

Bank of America has poached several senior dealmakers just this month as its investment-banking hiring blitz continues.
The latest to join the firm is Jean Greene, a long-time Lazard banker who worked on a $100 billion brewery merger.
The bank has made more than two-dozen senior hires amid a substantial turnaround in fortunes from a disappointing 2018.
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Montauk: Where fintech dealmakers go to the beach

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FDIC: Fewer Problem banks, Residential REO Declined in Q4

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The FDIC released the Quarterly Banking Profile for Q4 2019 today: For the 5,177 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation... Read more ...