Bank of America Warns of Q3 Investment Banking Fee Drop as AI Market Boom Slows
Bank of America expects third-quarter investment banking fees to fall more than 10%, signaling potential turbulence for Wall Street dealmaking and tech market momentum.
Investment Banking
OpenAI Launches ChatGPT for Financial Services Targeting Wall Street Junior Banker Tasks
OpenAI has introduced ChatGPT for Financial Services, targeting labor-intensive financial modeling, research, and pitchbook tasks traditionally handled by junior Wall Street bankers.