Friday, 19 April 2019

Philip Scipio' s stories

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  • A Lazard sign

    MOVES-Lazard promotes Stern to president

    Ticker | 03 April 2019

    Lazard named Alexander Stern president of the firm effective June 1, promoting him from chief operating officer and chief executive of the investment bank’s financial advisory business.

  • Wells Fargo looks outside for CEO

    People & Markets | 29 March 2019

    Wells Fargo chief executive Tim Sloan has quit with immediate effect and the US bank said it will look outside its ranks for the next permanent boss.

  • M Stanley veteran Kelleher heads for exit

    People & Markets | 29 March 2019

    Morgan Stanley second-in-command Colm Kelleher is retiring from the bank at the end of June, creating a space for the next leader of the bank to work alongside CEO James Gorman and potentially succeed him.

  • Jefferies suffers broad weakness in Q1

    People & Markets | 29 March 2019

    US banks may be facing a rough first quarter in investment banking if results from Jefferies Financial Group are any indication.

  • Wall Street bonuses fall 17% to average US$153,700

    People & Markets | 29 March 2019

    Bonuses across New York City’s securities industry for 2018 fell 17% from the year before to an average of US$153,700, as the overall bonus pool shrunk and it was shared by more workers.

  • Up US$150m, down €50m: Daily trading profits laid bare

    Up US$150m, down €50m: Daily trading profits laid bare

    Top News | 29 March 2019

    The awful December suffered by investment banks has been laid bare by data showing Deutsche Bank lost money on a majority of days in the month and UBS, HSBC and BNP Paribas all had their worst trading days of 2018 in the final week.

  • Wells Fargo CEO Sloan testifies before a House Financial Services Committee hearing

    MOVES-Wells Fargo CEO Tim Sloan steps down

    Ticker | 28 March 2019

    Wells Fargo chief executive officer Tim Sloan has stepped down with immediate effect, handing the reins to C. Allen Parker, the bank’s general counsel.

  • Colm Kelleher

    MOVES-Morgan Stanley's 30-year veteran Colm Kelleher retires

    Ticker | 28 March 2019

    Morgan Stanley president Colm Kelleher is retiring from the bank effective June 30, according to an internal memo from Morgan Stanley chief executive James Gorman seen by IFR.

  • Jefferies

    Jefferies Q1 investment banking revenue falls 36%

    Ticker | 28 March 2019

    Jefferies Financial Group reported on Thursday investment banking revenue of US$278m in the quarter ended February 28, down 36% from the year ago period.

  • handshake

    MOVES-Perella takes IR officer, possibly ahead of IPO

    Ticker | 27 March 2019

    Perella Weinberg Partners has poached Andrea Prochniak from AllianceBernstein, making her its first global head of investor relations.