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Diversification is not always the answer
Funds seek to cover short positions at a faster pace than height of 2021 meme stock frenzy
The investment bank should consider buying a commercial bank such as Bank of New York Mellon
Private equity group in talks with experienced Wall Street leader after long search
Western banks are exiting the country following the invasion of Ukraine
Reduction comes after rocky 2022 in which bank cut staff and slashed bonuses
The Wall Street investment bank has outflanked its old rival by diversifying into wealth management
For now, the strategy is to wait and see. But recent poaching and bidding up of salaries will not help
Plus, DD pokes holes in Disney’s case for buying 20th Century Fox and Wall Street financiers go shopping in France
Morgan Stanley retains edge over Goldman Sachs due to booming wealth unit
Diverging fortunes of Wall Street’s premier investment banks laid bare by fourth-quarter earnings
Wall Street bank has embarked on biggest cost-cutting drive since financial crisis
Bank’s core business remains inexorably tied to market cycles
Wall St bank is restating earnings to reflect changes to divisional structure in October
Group pays some bankers no bonus for last year’s work while giving others 30 minutes to leave
Plus, the Toshiba takeover hits a bump in the road and the string of departures from Elliott’s London office
Is wading back into risky securities sensible when rates remain elevated?
Wall Street bank reviews spending on everything from private jets to new consumer and tech unit
Wall St’s biggest lenders generate interest income for final quarter of 2022 of almost $60bn
Wall St bank scaling back consumer operations and confronting slowdown in investment banking
Investment bankers who survive cull could face bonus reductions of 40% or more
President John Waldron tells the FT that recession fears are forcing the bank’s hand
Chief executive David Solomon is trying to boost profitability amid economic headwinds
Plus, leveraged loans come back to bite
Reduction for 3,000-strong unit would be most severe since financial crisis
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