All articles tagged with #investment banking
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.
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.
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.
SpaceX is lining up four banks—Bank of America, Goldman Sachs, JPMorgan Chase, and Morgan Stanley—to lead its anticipated IPO, signaling a high-profile public listing possibly later this year.
Goldman Sachs posted 2025 net revenues of $58.28B and net earnings of $17.18B ($51.32 EPS), with Q4 2025 revenues of $13.45B and earnings of $4.62B ($14.01 EPS); ROE was 15.0% for 2025 and 16.0% annualized in Q4, as the firm signals stronger momentum for 2026.
Morgan Stanley beat Q4 2025 estimates with $2.68 EPS on $17.89B revenue as wealth management revenue rose to $8.4B; full-year wealth revenue hit a record $31.8B and client assets reached $9.3T. Investment banking revenue climbed 47% to $2.41B. The firm repurchased $1.5B of stock in the quarter and $4.6B for the year, and shares rose over 3% after the results.
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.
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.
William Blair announced 25 new partners across its global offices (Chicago, New York, London, Boston, Baltimore, and more) spanning Investment Banking, Private Wealth Management, Equity Research, Investment Management, and Information Technology, marking a broad leadership elevation for 2026.
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.
America’s six largest banks gained $600bn in market value in 2025 due to deregulation efforts and a revival in investment banking, outpacing European rivals and the broader market, with regulatory changes allowing higher leverage and less onerous capital rules fueling growth and investor confidence.
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.
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.
OpenAI is training over 100 ex-investment bankers to develop AI that automates routine tasks in investment banking, such as financial modeling, through a project called Mercury, aiming to replace the tedious work of junior bankers and improve industry efficiency.
Major US banks reported strong third-quarter earnings, highlighting robust credit portfolios and a booming investment banking sector, despite recent auto company bankruptcies raising concerns about potential hidden risks in the economy.