Wednesday's Headlines: Too Little, Too Late for Investment Bank Hiring?
Despite a flurry of deals over the past few months, investment banking compensation could slip between 4 and 10 percent compared with last year. [CNBC]
Bank of America's shares were hammered yesterday as rumors spread that the bank would be a target of a "megaleak" from whistleblower website WikiLeaks. [NY Post]
Fidelity is aiming to overtake Charles Schwab in the custody business, and sees growth in RIAs. [Investment News]
Toronto's finance leaders are showcasing their city's financial strength and hoping to woo talent from Mew York. [Toronto Star]
Barclays is planning to eliminate hundreds of jobs in the next two months due to lower revenues in investment banking. [Bloomberg]