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French political adviser turned star banker had been rumoured to be joining a rival firm
US bank’s performance is vindication for chief executive James Gorman
Revenue from fixed income sales and trading offsets wealth management slip
Investment banking revenue jumped 27 per cent year-on-year to $1.5bn during quarter
David Solomon says bank is sacrificing short-term returns to ‘strengthen the franchise’
Jamie Dimon’s bank rides record investment banking fees to stand out from Wall Street pack
Court told of nationalisation worries as bank sought emergency fundraisings
Revenues top forecasts but investment bank results reflect impact of volatile markets
Trading is the only bright spot in US bank’s four core divisions
Rise in earnings helps take sting out of US bank’s role in troubled listings such as WeWork
WeWork’s failed listing and weak investment banking likely to weigh in third quarter
Appointments come as industry faces declining ECM fees
A sudden turn in the economic cycle will leave Main Street’s banks overvalued
Report says cuts greatest in back offices, branches and call centres
Ex-Barclays boss and Qataris ramp up spending to create ‘21st century merchant bank’
Fears of economic slowdown sap corporate confidence as M&A activity falls 11%
Japan’s largest lender plans cuts in face of dwindling profits and falling share price
The investment bank realises it doesn’t need to be a Goldman clone to make money
Regulatory squeeze forces Goldman Sachs and Morgan Stanley to hunt for new consumers
Bank of Dalian buys up distressed loans in search of better returns after two bailouts
State oil group chooses range of foreign and local lenders for historic listing
Kinner Lakhani latest high-profile figure to leave German lender amid radical revamp
Powerful aide to Theresa May was lightning rod for criticism by hardline Brexiters
CEO David Solomon is trying to restore the special status of its elite bankers