Print Page   |   Contact Us   |   Sign In   |   Register
News & Press: Resources

Bank chiefs express confidence in upturn

Thursday, April 18, 2019   (0 Comments)
Posted by: Amanda Averch
Share |

Senior executives at several US banks have expressed confidence that the sector is about to perform more strongly, citing a positive start to April and enthusiastic reactions to recent and imminent initial public offerings. Trading and investment banking revenues declined in consecutive quarters at five of the major banks, largely attributed to the temporary government shutdown, but Morgan Stanley Chief Financial Officer Jon Pruzan told investors on Wednesday that "markets in the second quarter have been constructive; pipelines are healthy in investment banking."

 Read more.

Association Management Software Powered by YourMembership  ::  Legal