Investment Banking
Peel Hunt losses widen to £3.5m on staff restructuring costs
Revenue has risen at the UK focused investment bank, but high costs have weigh on profit
JPMorgan’s European boss Gori set to move from London to New York
The executive will retain his current responsibilities despite moving out of the City
2 min read
Jefferies sets sights on Europe’s top five after aggressive hiring spree
The US investment bank has spent years building out its team in Europe. Now it wants to move up the league tables
5 min read
Citi UK boss Lee, ex-LGIM chief Scrimgeour recognised in king’s birthday honours
Ex-EY UK head Steve Varley and Nationwide Building Society CEO Deborah Crosbie also score awards
2 min read
Boutique investment bank pay jumps 40%, as investors up pressure on exec awards
Analysis from compensation consultants Johnson Associates shows that CEOs at banks received a bigger increase than the rank and file
3 min read
Morgan Stanley set to shift some London compliance roles to Glasgow
Banks are increasingly looking to nearshore back- and middle-office jobs
2 min read
Deutsche Bank CEO: Bond trading will offset weaker dealmaking in Q2
The German lender’s chief executive said investment bank revenue would be stable despite weaker dealmaking fees
2 min read
UBS sees dealmaking fees falling by mid to high teens in second quarter
The firm’s chief financial officer said that the decline in fees will fall in line with the wider market
2 min read
Failed fintech Zing lost $87m before HSBC axed it
The UK bank shut down its international money transfer app just a year after launch
3 min read
Citi, Morgan Stanley execs point to M&A bounce after tariff chaos
Wall Street bank execs say that after a pause in deals, sentiment has picked up again
3 min read
UBS hires investment banker Murphy for consumer deals
The Swiss bank has been adding senior bankers in key sectors this year
1 min read
JPMorgan’s top private equity dealmaker Baygual exits
Baygual had been leading a push at JPMorgan to increase its coverage of private equity firms
JPMorgan internal memo shows morale took a hit on return to office
The results of the bank’s latest internal opinion survey showed fewer employees than last year say they view their health and well-being as a corporate priority
Barclays set to cut 200 investment bank jobs in cost reduction plan
The UK bank is trying to up its competition with Wall Street giants
Wall Street banks have added 11,000 EU jobs since Brexit
In the five years since the UK officially left the EU, the world’s biggest investment banks have shifted thousands of roles
Goldman wealth boss: Clients should have ‘significant exposure’ to private assets
The Wall Street bank wants to scale in the UK, Robert Mullane tells FN, despite an exodus of wealthy non-doms
6 min read
EU’s response to Trump trade war could add to UK’s Brexit damage
The City could be caught in the crossfire if his new tariffs lead to ‘Fortress Europe’
4 min read
Dubai’s growth spurt is feeling the pressure
Firms are rushing to the Middle East, but bankers, wealth managers and other finance execs who have moved there say some of the advantages have been overhyped
6 min read
UBS faces demand for $26bn more in capital as Swiss government outlines new rules
Officials want to avoid another collapse like Credit Suisse’s but the Swiss bank has hotly contested calls for a higher buffer
3 min read
HSBC names Nelson interim chair as Tucker takes AIA role
The UK lender is searching for a permanent successor to Sir Mark Tucker, who has spent eight years in the job
2 min read