Who says Friday is a slower weekday? Not Clipper Equity. The firm just closed a $430 million loan for Tower 77, its three-tower multifamily property on the Greenpoint waterfront in Brooklyn, Commercial Observer has learned. SEE ALSO: Last Chance Commercial Real Estate J.P. Morgan Chase provided the balance sheet loan, while Galaxy Capital’s Henry Bodek
Wall Street is surging again. This time, bank executives say it’s for real. Bank of America (BAC), Goldman Sachs (GS), Citigroup (C), Morgan Stanley (MS) and JPMorgan Chase (JPM) all reported first-quarter jumps in investment banking. They did so because initial public offerings, bond issuances and in some cases M&A deal making beat analyst expectations.
JPMorgan Chase CFO Jeremy Barnum said on the company’s first-quarter earnings call Friday that the bank had seen good momentum in investment banking, but was still cautious going forward. JPMorgan Chase has started to break out of the investment banking slump that hit the entire industry last year, though it continues to wait out a
Wells Fargo and JPMorgan Chase usually open the quarterly earnings seasons in the mortgage space, giving analysts something to chew on before nonbanks release their financial reports. In the first quarter of 2024, the big banks showed a challenging reality for originations. The banks’ Q1 2024 earnings, released on Friday, showed declining home loan volumes compared to the prior quarter
US banks added more net new branches in 2023 for the first time in a decade. That bet on new brick-and-mortar locations isn’t letting up so far in 2024. Last year banks added 94 net new branches across the US, according to new data released this week by the Federal Deposit Insurance Corporation. That was
Barclays will cut several hundreds of jobs in the coming months.Image: Olivia Harris (Reuters) Barclays and Citigroup are set to cut jobs from their investment bank divisions, people familiar with the cuts told Bloomberg on Wednesday. These cuts follow follow a spate of similar layoffs across other big banks. Is it too late to invest
Citigroup has hired JPMorgan Chase’s Viswas Raghavan (left) as its head of banking. Filippo Gori (top right) and Doug Petno (bottom right) have been named co-heads of investment banking and are splitting Raghavan’s former duties at JPMorgan. Citigroup has lured a high-ranking executive away from JPMorgan Chase to head up one of its five core business lines,