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Deutsche Bank bolsters UK wealth arm with Citi and JPMorgan hires

Wealth Management

Wealth Management Correspondent

Deutsche Bank said its UK and Nordics private banking business would continue to hire selectively (Photo by Michael Nguyen/NurPhoto via Getty Images)

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Deutsche Bank has hired a duo of former Citigroup  private bankers as it looks to win more business from ultra wealthy families in the UK.

Jaryd Selinger and Freddie Lindesay have been appointed as relationship managers in Deutsche’s UK private banking business, the German lender said in a statement.

German lender plots more hires as it looks to expand ultra high net worth team

Kristen McGachey

Banking

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Milbank hires private equity M&A rising star in Germany

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

By Alexander Saeedy | Photographs by Emily Kask for WSJ 

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

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Gold futures rose as the speculation around an interest rate cut in September intensifies. Gold settled 0.8% higher, up for a second consecutive session.

Demand is up for private aviation, the luxury that separates the 1% from the 0.1%.

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The hedge-fund founder’s move ends a tumultuous transition at the firm. Also, Brunei’s sovereign-wealth fund now owns almost 20% of the hedge fund.

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The largest U.S. crypto exchange’s revenue fell short of Wall Street expectations.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Microsoft joined Nvidia in the $4 trillion market-cap club, while Meta is closing in on the $2 trillion mark.

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The New York investment firm posted a profit of $472.4 million, compared with $667.9 million a year earlier.

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America’s most powerful banker and the president have met twice in the past two months to talk about the economy, interest rates and trade.

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The London-based bank said it is well on its way to achieving the target of returning at least $8 billion to shareholders over the three years ending in 2026.

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Individual investors are trading with abandon, driving up prices of everything from stocks to crypto—and turbocharging the brokerage business.

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The retail trading platform posted a profit of $386 million for the quarter.

Robinhood Second-Quarter Revenue Rose on Transaction Sales Growth

Work-to-party founder Adam Neumann liked to say he ran a tech company. WeWork’s new, postbankruptcy marketing chief is tasked with positioning the brand as an old-fashioned office space provider.

WeWork Wants You to Know It’s a Grown-Up Real-Estate Firm Now

Companies have long leaned on entry-level workers to do grunt work that doubles as on-the-job training. Now ChatGPT and other bots can do many of those chores.

By Lindsay Ellis and Katherine Bindley | Graphics by Rosie Ettenheim

AI Is Wrecking an Already Fragile Job Market for College Graduates

The shooter who killed four including Blackstone executive and NYPD officer left suicide note indicating he believed he had CTE from brain trauma, Adams says

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U.S. stock futures and European indexes gained, while the dollar strengthened against the euro, after President Trump announced the trade agreement Sunday.

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Homegrown names such as Laopu, Mao Geping and Songmont are winning over customers who are losing their taste for high-end Western brands.

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The pact imposes a baseline tariff of 15% on the U.S.’s biggest trading partner.

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Bosses aren’t just unapologetic about staff cuts. Many are touting shrinking head counts as accomplishments in the AI era.

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Many in the Gen Z generation missed out on critical experiences during the pandemic. Bosses should be filling in those gaps.

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The lender forecast total income excluding notable items to exceed $21.61 billion as loan growth and structural hedges continue to mitigate the impact of interest-rate cuts.

NatWest Raises Outlook, Launches Buyback After Strong Quarter

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