Financial Investment Services
- Finance
Lazard joins larger investment bank rivals with junior pay hike
Independent investment bank Lazard has increased salaries for junior bankers as smaller firms follow bulge bracket rivals with six-figure starting…
Read More » - Finance
HSBC’s investment bank slumps 23% as fixed income trading boom fades
The division housing HSBC’s investment bank slumped by 23% in the second quarter, amid a sharp drop in trading revenue…
Read More » - Finance
Hunt for top bankers echoes 2007: ‘They’re hiring indiscriminately and at prices I don’t understand’
Ill-timed hiring restrictions in 2020 are coming back to bite banks during this year’s unprecedented deal boom — creating a fierce battle…
Read More » - Finance
Liberum hires How to fill role left by new chief executive
City investment bank Liberum has hired a senior dealmaker to fill the role exited by Bidhi Bhoma, who was promoted to…
Read More » - Finance
Credit Suisse hires Tarda from HSBC to head fintech investment banking
Credit Suisse has hired a new global co-head of fintech investment banking as the Swiss bank looks to rebuild its…
Read More » - Finance
Goldman Sachs hikes junior banker pay to $110,000 as salary battle sweeps Wall Street
Goldman Sachs is raising salaries for junior bankers, following the vast majority of its main rivals as Wall Street’s focus on burnout…
Read More » - Market
Dow futures climb nearly 200 points to kick off August trade
U.S. stock futures advanced on Monday, as investors eyed progress on an infrastructure bill, merger activity and a sign that…
Read More » - Finance
Schroders CEO says he won’t chase M&A at any cost: ‘Culture is hard to get right’
The chief executive of Schroders says he’s not prepared to compromise on culture in order to strike a transformative fund…
Read More » - Finance
Should office returners be paid more? Goldman Sachs looks at the future of hybrid working
Firms could end up hiking pay for employees who have to come into the office every day, according to a Goldman…
Read More » - Finance
Binance rolls back European derivatives business
Binance, the world’s largest cryptocurrency exchange, will cease offering futures and derivatives products to investors in some European countries amid…
Read More » - Finance
Lazard CEO Jacobs set for 12 star dealmaker hires amid record second quarter
Lazard is continuing to hire senior dealmakers amid an M&A boom that has pushed the independent investment bank to a record…
Read More » - Finance
Credit Suisse M&A fees slide by 34% amid dealmaker exodus
Credit Suisse’s M&A revenues tumbled by 34% in the second quarter as the Swiss bank battled to stem an exodus…
Read More » - Finance
Credit Suisse made deep cuts to risk team ahead of Archegos collapse
Credit Suisse had just a single senior risk manager in its US prime services division last year as the bank…
Read More » - Finance
Trading Places: Credit Suisse nabs Goldman risk boss; Barclays’ overhaul rages on
As Credit Suisse continues to reel from scandal, the bank tapped a Goldman Sachs executive as its next chief risk…
Read More » - Finance
Bank of America hires Goldman’s Malhotra in leverage finance leadership role
Bank of America re-hired a senior Goldman Sachs dealmaker to lead its leveraged finance origination business in Europe. Uday Malhotra…
Read More » - Finance
Investors call for vote on companies’ climate change plans
A group of more than 50 asset managers is calling for companies to disclose details of their progress on tackling…
Read More » - Finance
Robinhood suffers stock price dip after hyped IPO
Robinhood, the trading app synonymous with hot stocks, got a cold reception from investors in its own stock-market debut. The investing…
Read More » - Market
Robinhood stock jeered in its public debut
Robinhood Markets Inc., which has disrupted Wall Street with its no-fee trading app, was jeered in its public debut on…
Read More » - Market
U.S. stock futures edge higher ahead of GDP report, Robinhood debut
A previous version incorrectly identified the housing-market indicator due for release. It’s pending-home sales. U.S. stock futures edged higher Thursday…
Read More » - Finance
Jupiter’s Bonham Carter on why he’s sceptical about Spacs
City fund management veteran Edward Bonham Carter has called into question the investor benefits of so-called special purpose acquisition companies,…
Read More » - Finance
Robinhood prices IPO at bottom of range on tepid demand
Robinhood priced its initial public offering at $38 a share, at the low end of expectations, after the popular trading…
Read More » - Finance
Barclays unveils new M&A leaders in Europe as shake-up continues
Barclays named new leaders of its European mergers and acquisitions team in Europe, the latest shake-up at the UK lender’s…
Read More » - Finance
Barclays dealmakers post record quarter despite sharp fall in fixed income trading
Barclays investment bankers posted a record quarter despite a 40% slump in fixed income trading revenues as fees surged during…
Read More » - Finance
Morgan Stanley hikes junior banker salaries to $100,000
Morgan Stanley has raised base salaries for entry-level bankers to $100,000, leaving Goldman Sachs as the last remaining Wall Street bank…
Read More » - Finance
Hire ‘poor, hungry kids’ instead of ‘entitled’ grads to solve banker talent crisis, Xavier Rolet says
Investment banks should hire “poor, hungry” graduates if they want to stave off a crisis among junior bankers, which are rebelling…
Read More » - Market
Robinhood prices IPO at bottom of range, valuing trading app at $26.7 billion
Robinhood Markets Inc. priced its initial public offering at the bottom of its expected range Wednesday night, which still values…
Read More » - Finance
Can Robinhood thread the needle for a winning IPO?
Initial public offerings can be a little bit like politics: a decent outcome may be when everyone is only a…
Read More » - Finance
Deutsche Bank doubles M&A fees as it sidesteps fixed income trading slump
Deutsche Bank dodged the second quarter fixed income trading slump, with revenues shrinking by 11% as fees from mergers and…
Read More » - Finance
Credit Suisse set to issue report on Archegos errors
Credit Suisse is likely to publish an investigation as soon as Thursday into the breakdown that led to massive losses from…
Read More » - Finance
Abrdn boss on why flexible working is here to stay: ‘We’ve proved remote work on a large scale can be effective’
The City is slowly stirring back to life, with the lifting of Covid restrictions in England on 19 July prompting…
Read More » - Finance
Barclays names new capital markets leaders in latest shake-up
Barclays promoted a swathe of senior capital markets bankers as the UK lender continues to reshape the top of its…
Read More » - Finance
Revealed: The best-performing ESG funds you’ve never heard of
Asset managers are scrambling to launch funds to tap into growing investor demand for sustainable investments. At the same time,…
Read More » - Finance
Credit Suisse hires Goldman Sachs executive Wildermuth as new chief risk officer
Credit Suisse has tapped a Goldman Sachs executive as its next chief risk officer as the Swiss bank continues to…
Read More » - Finance
Credit Suisse sheds investment banking market share as Barclays looks to drive up ranks
Barclays recently overtook Credit Suisse in investment banking revenue, a sign that the UK bank’s long, frustrated push to be a major player…
Read More » - Finance
Credit Suisse settles spying case with former executive Iqbal Khan
Credit Suisse has reached a settlement with former international wealth management head Iqbal Khan and private investigators over a spying…
Read More » - Finance
Bitcoin bounces above $39,000 as Binance limits crypto leverage
Bitcoin briefly rose above the $39,000 threshold after six consecutive days of positive trading, rebounding after a run of price falls…
Read More » - Finance
These banks now pay 20-somethings starting salaries of $100,000 or more
The world’s largest investment banks have hiked junior banker pay to six figures over the course of the past month…
Read More » - Finance
Xavier Rolet on his 130-hour weeks at Goldman: ‘Not sure what today’s generation is complaining about’
How many hours do you really need to clock in investment banking? A group of first-year Goldman Sachs analysts, stretched…
Read More » - Finance
Can Spacs conquer the world of wealth management?
While the boom in special purpose acquisition companies may well be tailing off slightly, market watchers are still waiting for…
Read More » - Finance
Barclays hires SocGen veteran Meyer as European dealmaker hiring spree continues
Barclays has hired a 23-year veteran from Societe Generale for a senior investment banking job in Europe as the UK…
Read More » - Finance
Goldman loses European dealmaker as boutiques circle prestige banks
Goldman Sachs executive director Benjamin Rouach is set to join boutique advisory firm Fenchurch, Financial News has learned. Rouach will start…
Read More » - Finance
UniCredit shakes up investment bank leadership as Orcel streamlines management
UniCredit has unveiled a new leadership team for its corporate and investment bank, eliminating some senior roles as the bank…
Read More » - Finance
Stanhope Capital taps Goldman’s Shelley for CFO role
Stanhope Capital Group, the London-based wealth manager and advisory firm, has named Goldman Sachs’ Chris Shelley as its chief financial…
Read More » - Finance
Barclays hires Hengster to lead German unit as shake-up continues
Barclays has hired a dealmaker as chief executive for its German operation as the UK lender continues to shake up…
Read More » - Finance
80-hour weeks are a must to rise in banking, JPMorgan exec says
Wall Street’s reputation for burning out junior staff with 80-hour-plus weeks is worth it so that bankers can master the profession sooner…
Read More » - Finance
JPMorgan re-hires Bennetts lead directory advisory services group in Europe
JPMorgan re-hired a senior banker to lead its director advisory services unit in Europe, a division that helps source directors…
Read More » - Finance
JPMorgan, Goldman, Deutsche Bank push back wider return to UK office as ‘Freedom Day’ delayed
The wait to open up the City just got longer, as large investment banks due to ramp up numbers from…
Read More » - Finance
Martin Gilbert-backed AssetCo takes stake in thematic ETF firm
The deals company set up by former Standard Life Aberdeen co-chief executive Martin Gilbert has acquired a 63% stake in…
Read More » - Finance
Credit Suisse offers pay hikes to keep senior bankers as more depart in wake of Archegos
Credit Suisse is offering pay rises of up to 30% to retain senior dealmakers who have been offered new jobs…
Read More » - Finance
HSBC reshuffles top team as $50bn alternatives push takes off
HSBC’s fund management arm has created a new division that will bring together 150 staff and alternative assets representing more…
Read More »
