Digital Onboarding, Inc.’s Post

JPMorgan Chase tops second-quarter revenue expectations on strong investment banking #JPMorganChase #investmentbankingrevenue #Q2earnings #Financialresults #Bankingindustry #Financialservices #Stockmarket #WallStreet #Businessnews #Earningsreport #Finance #Businessgrowth #Profitmargin #Successfulquarter #Financialperformance #Marketoutlook

The North Carolina-based company reported a surge in third-quarter investment banking and trading income, which rose nearly 80% from the year-ago quarter. For daily news and analysis subscribe to the www.cfopeek.com newsletter. #CFO #FinanceLeadership #Business

HSBC's new CEO, Georges Elhedery, has announced a significant overhaul of the bank's structure and appointed its first female finance chief. Elhedery, who succeeded Noel Quinn in September, has reorganized the London-based lender into four new divisions, effective early 2025. As part of the changes, HSBC will separate its UK and Hong Kong operations into distinct units within newly created Eastern and Western markets divisions. The bank is also merging its global commercial and investment banking operations into a new corporate and institutional banking unit. Additionally, HSBC plans to establish a new international wealth and premier banking division. Elhedery stated that the restructuring aims to create a "simpler, more dynamic, and agile organisation" while maintaining the bank's core strategic priorities. On Tuesday, HSBC named Pam Kaur as its new chief financial officer, filling the role vacated by Elhedery. Kaur, set to become the bank’s first female CFO in its 159-year history, will officially step into the role on January 1, 2025. She has been with HSBC since 2013, serving as chief risk officer since 2020. Elhedery has already made several changes to HSBC's leadership to reduce the bank’s substantial costs. Reports suggest that plans are in place to streamline management layers, potentially saving the bank up to $300 million (£229 million). The restructuring comes as HSBC anticipates lower profits due to declining borrowing costs worldwide, following a record pretax profit of $30.3 billion (£24 billion) in 2023, driven by central bank interest rate hikes.

Earlier this week, S&P Global released an article highlighting the recent prevalence of Capital Raises as part of bank M&A transactions in 2024. Below, I summarized the two primary topics covered. - Capital Raises as a Dual Revenue Stream: "A strict regulatory environment in 2024 produced a silver lining for investment bankers as banks in M&A transactions moved to raise capital to ease regulatory approval." Bill Burgess, Co-Head of Financial Services Investment Banking at Piper Sandler, feels this trend will continue in 2025. He added, "Even if the Trump administration eases regulatory scrutiny, as some expect, regulators always favor more capital." - Top Investment Banking Fee Earners: KBW checked in at #1 in U.S. Bank M&A Advisory Fees for 2024, earning $70.7 million and advising on five of the largest deals, including the $25 million fee from Independent Bank Group’s sale to SouthState Corp. Piper Sandler was #2, led by WesBanco Inc.'s planned purchase of Premier Financial Corp., in which Piper Sandler advised Premier. Raymond James rounded out the top 3, advising the buy-side of both the SouthState-Independent Bank Group and WesBanco-Premier Financial deals, as well as advising Heartland BancCorp in its planned sale to German American Bancorp Inc., valued at $347.0 million at announcement. * From a talent perspective, we've already seen the dramatic uptick in hiring within the space from the Analyst to the MD Level. This is likely the last year until the next dip in the market to readily find top execution bankers, and with a reasonable price tag. Same thing with calling officers. Announced but not closed 2024 M&A deals and larger pipelines are beginning to limit the pool of top calling officers. That said, there is talent available. Individuals who aren't completely satisfied with their current situation are interested in finding that "ideal" seat for what could be the next "hot" deal market. #bankmergersandaquisitions #bankcapitalraising #depositoryinvestmentbankinghiring

Moving up the ladder in Investment Bank The qualities and traits that help you stand out and get ahead in IB vary based on your level and seniority. Junior Bankers As a junior banker, you will tend to stand out through the quality and quantity of your work output. 1) Do you deliver a high quality work product? Are your models, pitchbooks and other work product produced error-free and on-time? 2) Are you able to handle multiple diverse requests at the same time, with different timelines, and juggle the various senior folks who are asking you for these things (all independently of one another). 3) Are you able to help those around you be more effective, by pointing them to information or resources that could help them out in a pinch? 4) And do you do all this with an exemplary attitude? Most of the times progressing through the ranks from analyst to associate to vice president is still a time and tenure-based proposition. However, stand-out performance is what’s going to get you paid at the top levels relative to your peers Senior Bankers The emphasis of your role now shifts from execution and deal support to business generation. After few years, you will be operating with a greater and greater degree of independence in running transactions, and will be working to build the relationships that bring in business for the firm. Getting a promotion now is not about whether you can model or put together a pitchbook. It’s all about whether you can bring in revenues, new business and new clients for the firm. The real skills getting tested here are business acumen coupled with commercial sharpness, and client savvy to win mandates and execute transactions based on the human factor. -------------------------------------------------------------------------------------- Learn practical investment banking. I am starting the next batch of my Live Investment Banking program at Wizenius from July 14th. Drop in your details and get a call from me (Link in the comment section)

Interesting article from McKinsey on 'The next era of private credit'. With FIS' global footprint and capabilities, we are uniquely positioned to assist the private credit industry in leveraging these trends through our market-leading software and services. #PrivateCredit #FIS #McKinsey #FinanceIndustry

𝘾𝙞𝙩𝙞𝙜𝙧𝙤𝙪𝙥'𝙨 𝙋𝙚𝙧𝙨𝙞𝙨𝙩𝙚𝙣𝙩 𝘾𝙤𝙢𝙥𝙡𝙞𝙖𝙣𝙘𝙚 𝘾𝙝𝙖𝙡𝙡𝙚𝙣𝙜𝙚𝙨 𝙇𝙚𝙖𝙙 𝙩𝙤 $136 𝙈𝙞𝙡𝙡𝙞𝙤𝙣 𝙁𝙞𝙣𝙚 Citi faced a significant regulatory fine of $136 million due to inaccuracies in its loan reporting to regulators. These inaccuracies involved erroneous details on tens of billions of dollars in loans, potentially affecting the bank's ability to distribute dividends and buybacks. The issue stemmed from chronic technological and regulatory challenges that have long plagued Citigroup, despite CEO Jane Fraser's efforts to prioritize resolving these issues since taking charge in 2021. The Federal Reserve Board identified these flaws during Citigroup's annual stress test submissions, giving the bank a 30-day ultimatum to address the errors. Failure to meet the regulators' expectations could lead to new restrictions on profit distributions to shareholders. The situation also strained Citigroup's relationship with McKinsey & Company, the consultancy previously hired to aid in compliance efforts. The bank ceased its collaboration with McKinsey after plans submitted were repeatedly rejected by regulators. This series of events highlights ongoing issues within Citigroup’s corporate culture and operational management, suggesting a tough regulatory road ahead. Former executives critique the bank's reliance on short-term fixes, which has not effectively addressed deep-rooted operational and compliance challenges. #Citigroup #Banking #Compliance #Regulations #FinancialServices #LoanReporting #JaneFraser #McKinsey #FederalReserve #CorporateCulture #BusinessNews #Finance https://lnkd.in/gSt4Cj2n

Read the latest insights from Chris Johnston, the European co-head of financial and operational restructuring, as he discusses the evolving landscape of bank and private credit lending in distressed credit restructuring strategies. Learn about the increased flexibility available to companies in adapting to a high interest rate environment. Check out the full article on Reuters for more details. https://okt.to/6YzRqy #corporatedistress #restructuring

The North Carolina-based company reported a surge in third-quarter investment banking and trading income, which rose nearly 80% from the year-ago quarter. For daily news and analysis subscribe to the www.bankingpeek.com newsletter. #Banking #Finance #Fintech

On January 2, 2025 Baruch Shemtov represented us with a pointview for several 2025 goals at J.P. Morgan Private Bank at the Headquarters Supporting the Bank’s Core Business Client Relationships: As a commercial banker, you focus on mid-sized companies, helping them manage their finances through loans, credit lines, and treasury solutions. These relationships generate revenue for JPMorgan and strengthen its client base. Revenue Growth: By providing financing and cash management services, you contribute to the bank’s profitability. Strong commercial banking revenues help fund other divisions, including investment banking activities. Risk Management: Your job often involves analyzing credit risk and maintaining healthy loan portfolios, ensuring the bank avoids bad debts and stays financially secure. Corporate Growth Support: Many companies looking to go public through IPOs often start as commercial banking clients. By providing them with necessary capital and services, you help them scale to the point where they can approach the IPO process. Cross-Division Collaboration: JPMorgan’s commercial banking team often works closely with the investment banking division to identify businesses ready for IPOs. You could refer promising clients to the investment bankers for advisory services. Pre-IPO Financing: Companies preparing for IPOs often need additional capital. As a commercial banker, you might provide bridge loans or other short-term financing to support their growth until the IPO process is complete. Lastly, Liquidity and Treasury Services: You help clients optimize cash flow, ensuring they have sufficient funds for operations and investments. This builds trust and strengthens relationships, often leading to long-term partnerships.