KBW (Keefe, Bruyette & Woods, Inc., operating in the U.S., and Stifel Nicolaus Europe Limited, also trading as Keefe, Bruyette & Woods Europe, operating in Europe) is a Stifel company. Over the years, KBW has established itself as a leading independent authority in the banking, insurance, brokerage, asset management, mortgage banking, and specialty finance sectors. Founded in 1962, the firm maintains industry‐leading positions in the areas of research, corporate finance, mergers and acquisitions, and sales and trading in equities securities of financial services companies.
This top U.S. economist puts the chance of a ‘stagflationary’ recession at 65%
A leading economist contends a recession is now more likely than not due to the Trump administration’s trade wars, and that the U.S. could suffer the biggest “stagflationary” shock in decades. “We may...
As the dollar falters, the world’s central banks tread a tightrope — devalue their currency or not
Uncertainty about U.S. policymaking has led to a flight out of the U.S. dollar and Treasurys, with the dollar index weakening more than 9% so far this year, and analysts see more declines.
The drop i...
More rich Americans are opening Swiss bank accounts fearing U.S. risks
Swiss banks say they have seen a surge of interest and business from high-net-worth Americans opening investment accounts in recent months. Switzerland’s neutral politics, stable economy, strong curre...
Global bond rout starting to sound market alarm bells
U.S. Treasuries, the bedrock of the global financial system, were hit by fresh selling pressure on Wednesday in a sign that investors were dumping their safest assets as turmoil unleashed by U.S. tari...
JPMorgan becomes the first Wall Street bank to forecast a US recession following Trump's tariffs
JPMorgan believes the US economy will enter a recession in the back half of 2025 as the impact of President Trump tariffs takes hold in the economy. The firm's chief US economist Michael Feroli sees a...
Dow Opens Sharply Lower, Bonds Rally After China Retaliates Against Trump Tariffs
China lashed back at President Trump’s tariffs, applying 34% levies on all imported goods from the U.S. Beijing said the levies would come into effect next Thursday, the day after a big part of Trump’...
FinTech IPO Index Plunges 11.7% Amid Broad-Based Market Rout
There was nowhere to run this week for investors seeking to escape a market rout that came on like a tidal wave, crashing down Thursday. Tariffs, of course, dominated, and once they were real, as of W...
Stablecoin operator Circle files for IPO as revenues jump to $1.7bn
Circle Internet, the US group behind the world’s second-largest stablecoin, has filed to list in New York, the first major cryptocurrency company to try for an initial public offering since President ...
Calastone Research Reveals Tokenisation Could Save $135 billion for Asset Management Industry
Calastone, the largest global funds network, has today released groundbreaking research, revealing that tokenisation – the process of transforming asset ownership into digital tokens on a blockchain –...
Jefferies’ profit more than triples on investment banking windfall
Jefferies Financial reported an over three-fold rise in fourth-quarter profit on Wednesday as the investment bank earned higher fees from deal advisory and underwriting activity remained strong. An eb...