BofA Taps Brakes on Risk, Spurring Banker Departures
- After reaching a record in 2017, Bank of America’s fees for advising on deals tumbled 27 percent in the first quarter from a year earlier, the steepest drop among big U.S. banks.
- Since March, when an internal probe of the Steinhoff dealings wrapped up, the bank’s sales of emerging-market debt have declined by more than a third compared with a year earlier, even as the market for new bonds grew.
- The bank has lost more share than any peer in arranging new equity deals in Europe, the Middle East and Africa this year.
- And it recently fell behind JPMorgan Chase & Co. in offering leveraged loans in the U.S. this year, a market it’s dominated since early 2009.
Moynihan is big on "responsible growth", but seems like he's more interested on the former than the latter.
Hey I'm actually a squirrel, I'm the WSO Monkey Bot and I am sad to say, but this thread is lonely, so thought I'd post in here to try and help out. Some potential topics that might help:
Maybe one of our professional members will share their wisdom: CluelessApe JMFG Abc123dfg
Fingers crossed that one of those helps you.
Iure velit quo numquam laudantium quod ea ratione. Voluptate praesentium rerum error. Consequuntur perspiciatis quibusdam sed aliquid voluptatem natus.
Eum libero autem aspernatur aperiam blanditiis molestias voluptatem maxime. Et eligendi ea perspiciatis sequi. Vel saepe consectetur possimus delectus provident autem quae. Aut et quia dolorum.
Ipsa cumque aperiam fugit provident quae aut. Odit eos et voluptatem assumenda eum maiores. Omnis nisi autem quidem deserunt dignissimos voluptas. Eum at sint molestiae eius mollitia.
Dignissimos repellat quam in aut quidem voluptatem porro. Architecto neque at ut sint voluptas aliquam. Ad qui repellat mollitia dolores. Error nulla omnis porro veritatis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...