C&E Industry News Filter
- Finance
Amundi pulls Spac holdings on ‘pricey’ valuation fears: ‘We have been smart enough to exit’
Amundi, Europe’s largest asset manager, has roughly halved its exposure to so-called blank-cheque companies, claiming the fast-growing sector, which has…
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Investors pump record £3bn into equity funds as vaccine hotspots take gains
Equity funds on sale in the UK gathered a record £3bn in new money during April, as investors ploughed money…
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JPMorgan offers India staff ambulance access, vaccine payment as Covid-19 cases spike
JPMorgan is offering 24-hour access to ambulances, hospital beds for quarantining employees and payment for vaccines for its staff in…
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Greensill affair may trigger tighter rules for non-bank finance, FCA chief tells MPs
New FCA chief executive Nikhil Rathi has raised the prospect of greater scrutiny on non-bank finance in the wake of…
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Space tour guide? 3D printer chef? These are the jobs your kids will do, Bank of America says
Forget banker, accountant or lawyer — your kids could be embarking on careers as brain simulation specialists, space tour guides…
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NFT gold rush sees platforms boom as Jay-Z, Mark Cuban pile in
As non-fungible tokens, or NFTs, burst into the mainstream, so too have the marketplaces that host their sales. The race…
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Citi hires Ibáñez from Deutsche Bank for senior tech dealmaker role
Citigroup hired a Deutsche Bank dealmaker to bolster its technology investment banking team in Europe, a key focus for the…
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Andrea Orcel shuffles UniCredit leaders in first major move as CEO
New UniCredit chief executive, Andrea Orcel, has shaken up the Italian lender’s upper ranks, slimming down its executive committee and…
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SoftBank smashes profit records for Japan-based companies
TOKYO— SoftBank smashed profit records in its home country, riding a series of blockbuster initial public offerings to an annual…
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Top Lloyd’s of London exec to chair fintech body Innovate Finance
Innovate Finance, the industry body representing the UK’s fintech sector, has appointed Lloyd’s of London chief digital officer Louise Smith as its…
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Lex Greensill: I take ‘full responsibility’ for my firm’s collapse
Lex Greensill, founder of the eponymous supply chain finance firm Greensill Capital, apologised for the company’s collapse and took full responsibility…
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FCA staff back management despite recent crises
FCA staff say they are a third more likely to go the extra mile than before the pandemic, according to…
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Just 3% of asset manager CEOs are female – report
Among the world’s 50 biggest asset managers, just 3% of chief executive officers are women, a report by recruitment firm Heidrick…
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UBS to pay analysts a $40k promotion bonus as junior talent war increases
UBS is paying its junior bankers a one-off bonus of $40,000, nearly double some of its rivals, as investment banks…
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Junior bankers at Stifel to get a $10,000 bonus, even if they quit
Independent investment bank Stifel is offering analysts a $10,000 “appreciation” bonus, even if they have already announced their resignation, in…
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Symphony new CEO Brad Levy on how 100-hour weeks at Goldman set him apart
Brad Levy has big changes planned for Symphony, the $1.4bn financial communications provider he is soon to take over. With…
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Goldman juniors’ 100-hour weeks and the plight of young bankers — Here’s what you need to know
It all started with an explosive leaked survey from 13 Goldman Sachs analysts, whose complaints of shocking workloads and brutal…
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Government sells down another 5% of NatWest stake
The Treasury is selling down another 5% of its stake in NatWest Group. The bank remains majority state-owned, but the…
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Kirkland & Ellis poaches Clifford Chance private equity star
Kirkland & Ellis has hired Clifford Chance private equity rising star Gregory Scott as a partner in its London office. Scott…
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Jefferies hires two Deutsche Bank veterans amid Spac boom
Jefferies has hired two senior Deutsche Bank equity dealmakers, another sign that competition for talent in the sector is heating…
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Pharma investors scoff at Covid vaccine patent waiver: ‘We are not convinced’
Fund managers holding healthcare and pharmaceutical stocks have questioned the US government’s decision to support a waiver on Covid vaccine…
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UBS exploring offering cryptocurrencies to wealthy clients
UBS is looking into offering its wealthy clients access to cryptocurrency investments, in the latest example of a large bank…
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‘Stars aligning’ for boom in law firm IPOs in white hot London market
Deliveroo’s flopped IPO and concerns about restrictive listing rules in London have led to fears that the City could be…
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City risks losing tech IPO battle to New York, report warns
The UK must take urgent steps to improve London’s attractiveness as a destination for tech company listings over New York, a…
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WSJ News Exclusive | Plant-Tech Firm Benson Hill Going Public in $2 Billion SPAC Merger
Benson Hill Inc. is going public by merging with a special-purpose acquisition company in a deal that values the plant-growing…
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KPMG sued for more than £6m by property company
KPMG has reportedly been sued for more than £6m by property company Mount Anvil, which said it was hit with…
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Activist Bramson sells entire 6% stake in Barclays
Activist investor Sherborne Investors has sold its entire stake in Barclays, ending a three-year battle with the UK lender’s chief…
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Boutique Bacchus Capital expands into North America with veteran dealmaker hire
A boutique advisor set up by the former head of European investment banking at Jefferies four years ago, is opening…
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KPMG appoints new audit head as senior changes continue
KPMG UK has appointed Catherine Burnet as its new head of audit, replacing Jon Holt, who was elevated to chief…
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Trading places: Hires for Bank of America, Allen & Overy and Cboe Europe
Bank of America hired a senior dealmaker from Citigroup in Paris as it continues to build up its presence in…
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BNP Paribas hires Goldman Sachs banker Heuer to bolster ECM team
BNP Paribas hired a top Goldman Sachs equity capital markets banker as revenues in the sector continue to surge on…
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Allen & Overy swoops on Linklaters for double partner hire
Allen & Overy has made a rare double partner hire from Magic Circle rival Linklaters in London, bringing in two…
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Cboe poaches BofA’s Tiefenbrun to head European equities unit
Exchange operator Cboe Europe has hired Natan Tiefenbrun as senior vice president, head of European equities. Tiefenbrun is joining Cboe…
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Numis plans investment bank expansion after record start to the year
City broker Numis more than doubled investment banking fees in the first half of its fiscal year as UK initial…
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FCA unveils proposals for long-term asset fund
The UK regulator has unveiled plans for a new fund structure that would allow investors to allocate money more “efficiently”…
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BlackRock at Odds With Warren Buffett’s Berkshire Hathaway Over Disclosures
The world’s largest asset manager is in disagreement with the world’s most famous investor. BlackRock Inc. voted for two shareholder…
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HSBC investment bank boss on Asia push: ‘We’re not deprioritising the UK’
HSBC’s major shift towards Asia will not mean scaling back in the UK, according to the co-head of its global banking…
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Jamie Dimon is about to cancel all his Zoom meetings
The chief executive of JPMorgan is “done” with Zoom meetings and full-time working remotely. “I’m about to cancel all my…
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FCA fines boutique investment bank Sapien Capital in first cum-ex trading case
The Financial Conduct Authority has fined boutique investment bank Sapien Capital £178,000 for failing to identify financial crime relating to…
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JPMorgan just promoted 52 to MD in Europe — Here are the names
JPMorgan has promoted 52 people to managing director within its corporate and investment bank in Europe, the Middle East and…
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Credit Suisse, Morgan Stanley review credit lines to hedge funds, family offices post Archegos
Banks across Wall Street are looking to tighten the lending terms of some of their hedge-fund clients on the heels…
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Fans of the beautiful game kicked capitalism into the long grass
Europe has discovered its moral Rubicon, the frontier beyond which commodification becomes intolerable. The line in the sand that Europeans…
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Here’s how bitcoin is coming to Wall Street
Traders will soon be able to track the performance of the world’s two biggest cryptocurrencies on Wall Street, as S&P…
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Lazard CEO eyes banker recruits as dealflow surges — ‘2022 will be even better’
Independent investment bank Lazard is ramping up recruitment for both senior dealmakers and junior bankers as activity has surged to…
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Amundi investors urged to revolt against CEO’s €3m pay package
Amundi shareholders should oppose a pay deal awarded to outgoing chief executive Yves Perrier, say two influential proxy advisers. Glass Lewis and…
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Virgin Money secures half-year profit on slump in bad Covid-19 loans
Profit surged at challenger bank Virgin Money in the first half of its financial year, after it set aside less…
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BNP Paribas names Sandro Pierri as asset management CEO
BNP Paribas has named Sandro Pierri as chief executive of its fund management business. Pierri, currently deputy CEO of BNP…
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Standard Chartered tops ranking of City’s highest-paying investment banks
Standard Chartered has topped the rankings as the highest paying investment bank in the UK, according to an analysis of…
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Fintech startup Lanistar obtains FCA approval
Lanistar, the fintech startup which last year landed itself in hot water with several regulators, has received approval from the…
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Berkshire picks Greg Abel as Warren Buffett’s successor in CEO role
Berkshire Hathaway’s famous chief executive Warren Buffett, the billionaire who has led the conglomerate for more than 50 years, is…
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