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About $10bn of loans have been refinanced in public markets as conditions improve due to rate cuts being on the horizon
Pay, appointments and exits revive tensions over chief who seemed to have strengthened his position
Mark Sorrell and Gonzalo Garcia were excluded from operating group set up under chief David Solomon
Salary and bonus rise a combined 6% despite 40% decline in profits at bank in 2023
Pay for bank’s chief CS Venkatakrishnan also drops 13 per cent
Chief CS Venkatakrishnan sets out ambitious plan to boost revenue and revive bank’s depressed valuation
Family office to provide first outside funding for credit asset manager 5C Investment Partners
Bank’s ‘head of loan trading’ told court he was instructed not to use his title as it only ‘existed on paper’
Remuneration of $31mn comes after boss pared back bank’s lossmaking push into retail banking
The bank’s underperforming share price can be traced back to disastrous decisions made during and after the 2008 crisis
Bank’s 50% market value discount to book value is far greater than those for Lloyds and NatWest
Communications adviser on trial in Frankfurt traded on tips from banker about takeover targets
Investment banker died days after police raided his office and home in London
Co-head of investment bank and trading business calls time on almost three-decade career at firm
Jennifer Piepszak cements her status as a leading contender but the CEO is not leaving anytime soon
Jennifer Piepszak, Marianne Lake and Troy Rohrbaugh take on new responsibilities in consolidated businesses
Conditions have changed since the lender applied for an investment banking licence and its Wall Street rivals are struggling
Wall Street banks’ stock values begin to converge after wealth management profitability warning
Pair angle for opportunity with tie-up of stockbroker Panmure Gordon and rival Liberum
A return to the 2021 level of M&A is unlikely this year
Revenues at bank’s powerhouse division were flat in last three months of 2023
Slow year for investment banking in 2023 depressed earnings at Wall Street rivals
US lender’s move comes as rivals become more cautious in second-largest economy
German lender seeks to improve standing at tough time for dealmaking
Wall Street’s newest chief executive inherits a bank confronting more challenges than a year ago
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