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HSBC downgrades JPMorgan Chase, adopts 'a more cautious stance' on bank stocks

CNBC: Investing

The analyst noted a "more cautious stance" on larger banks like JPMorgan and Goldman Sachs over what he said is a still choppy macroeconomic backdrop. Martinez also downgraded Bank of America stock to hold and trimmed his rating on Goldman Sachs to reduce. The firm downgraded JPMorgan to reduce from hold.

Bank 74
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RBI rejects 3 'not suitable' applications for setting small finance banks

Business Standard - FInance

These applications were found not suitable for granting of in-principle approval to set up small finance banks, it said in a statement on Tuesday. RBI had received about a dozen applications to set up banks under the guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks (SFBs).

Finance 98
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Mizuho set to merge European banking and securities businesses

The TRADE

Mizuho Financial Group is planning a restructure of its European Union (EU) banking and securities businesses, bringing them together under one umbrella as a Universal Bank, subject to approval from regulators.

Bank 64
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Coinbase is the 'most misunderstood' crypto stock and can rally nearly 50%, Bernstein says

CNBC: Investing

"Coinbase is the most misunderstood company in our Crypto coverage universe. Despite multiple growth levers, consensus remains bearish on the largest Crypto universal bank," he wrote. "It is the only Crypto company in the S & P500, dominates U.S.

Stock 72
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People Moves Monday: Northern Trust, Lloyds Bank North America and more…

The TRADE

He originally joined the bank in 2006 in a securities lending role. Will Irwin was appointed director of FX institutional sales at Lloyds Bank North America, following his departure from Banco Bilbao Vizcaya Argentaria (BBVA) where he had been serving in a similar role.

Bank 52
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On-Cycle Private Equity Recruiting: Will PE Firms Start Recruiting 10-Year-Old Children Soon?

Mergers and Inquisitions

The short answer is that it’s based almost entirely on your university, bank name/group, GPA, and other criteria you have no way to change. When firms kicked off the on-cycle private equity recruiting process in June this year, before IB Analysts had even started their training , some people were shocked.

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JPMorgan upgraded by KBW one day after downgrade at other firm knocked stock

CNBC: Investing

" The bullish call at KBW contrasts with a downgrade of JPMorgan by HSBC, which said it was adopting a "more cautious stance" on large-cap banks, including others such as Goldman Sachs , citing a turbulent macroeconomic landscape.

Stock 59