Randy Hultgren, chief executive officer of the Illinois Bankers Association, is stepping down as head of the lobbying group at the end of the 2026 spring legislative session. “The IBA is in strong ...

Leveraged finance bankers have long anticipated the return of M&A. Now they’re betting that next year they might finally be right. Banks have underwritten around $65 billion of debt tied to leveraged ...

NEW YORK, Nov 17 (Reuters) - Bank of America (BAC.N), opens new tab plans to spend billions of dollars on technologies such as artificial intelligence to boost bankers' productivity and bring in more ...

Comcast is in the process of splitting off most of NBCUniversal’s cable networks into a new company, Versant, a transaction expected to be completed by the end of 2025. The thinking is that Comcast ...

More than 100 former investment bankers from JPMorgan Chase (NYSE:JPM), Morgan Stanley (NYSE:MS) and Goldman Sachs (NYSE:GS) have joined OpenAI's (OPENAI) secretive Project Mercury to help train AI ...

OpenAI and Anthropic are racing to master finance as automation reshapes Wall Street jobs. Photo by Tomohiro Ohsumi/Getty Images Revising pitchbooks, formatting slides and tweaking font sizes—these ...

OpenAI has formed a new team of over 100 former investment bankers under a new initiative internally called “Project Mercury.” The project pays contractors, many of whom are former employees of ...

It might seem like a wonderful time to be an American investment bank. Over the past year, the country’s lenders have handed shareholders gains of 27%, far outstripping the 10% for other stocks ...

NEW YORK, Oct 13 (Reuters) - Goldman Sachs (GS.N), opens new tab has lost more than a dozen senior investment bankers this year, a higher number than normal, after internal shake-ups and a sluggish ...

What do Jerome Powell and Henry Ford have in common? A recognition that labor has always been a transient force — shaped by machines, markets and management. Wall Street, for all its illusions of ...

Big banks are cracking down on entry-level workers with covert private equity jobs. Citing conflicts of interest, they are asking junior bankers to disclose future-dated job. Experts warn that this ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min A major financial institution is ...