Financial Investment Services
- Finance
Deutsche Bank shakes up junior recruitment to diversify from MBA hires
Deutsche Bank is overhauling the way it hires junior bankers, expanding jobs typically reserved for elite MBAs to professionals with…
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Deloitte agrees to pay Malaysia $80m to settle 1MDB claims
Accountancy firm Deloitte PLT has agreed to pay the Malaysian government $80m to settle claims relating to its auditing of…
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New Citi CEO Jane Fraser unveils net-zero targets on first day at the helm
Citigroup chief executive Jane Fraser has used her first day at the helm of the US bank to unveil ambitious…
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Jon Little’s Alderwood Capital begins hunt for investors
Alderwood Capital, the fund management business launched by former Northill Capital founder Jon Little, has made a trio of hires…
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City hedge fund manager’s suicide indicative of wider sector Covid stress
A hedge fund manager who took his own life last year was experiencing high stress amid a tough time for…
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M&G pledges to end thermal coal investments
M&G, the UK-listed fund management group, will begin to phase out coal across its investments, making it the latest asset…
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The record boom in blank-cheque firms could make 2021 the year of the Spac
The boom in special purpose acquisition companies – or Spacs – is set to continue and this year looks on…
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Greensill Capital: How the SoftBank-backed firm has ended up on the brink
Pressure is mounting on SoftBank-backed Greensill Capital after major backers signalled moves to halt trading in and out of the…
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UK IPOs off to best start for 15 years ahead of listings review shake-up
The London Stock Exchange has had its strongest start to a year since 2016 ahead of the publication of a…
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Goldman Sachs creates new London team to capitalise on Spac boom
Goldman Sachs has shifted two of its most senior equity bankers in London into a new team that will look…
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FOMO driving billionaire hedge fund boss Danie Loeb to ‘deep dive’ into cryptos?
Daniel Loeb, chief executive of hedge fund Third Point, said he has been on a “deep dive” into cryptocurrency recently…
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Almost a quarter of companies will be net zero by 2030, say Fidelity analysts
Analysts working at investment giant Fidelity International, the $706bn asset manager, predict almost a quarter of all the companies they…
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Greensill Capital faces possible insolvency after Credit Suisse suspends investment funds
Greensill Capital is headed toward a rapid unraveling after Credit Suisse Group suspended $10bn of investment funds that fuelled the…
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Goldman Sachs asset management co-head Lane to step down
Eric Lane, the co-head of Goldman Sachs global asset management business, is stepping down six months after being appointed to…
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Jane Fraser tasked with refreshing Citigroup
Jane Fraser wants to simplify Citigroup the original megabank. That won’t be easy. On 1 March, Fraser took over as chief executive…
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Barclays ECM exec Febrer-Bowen lands new role weeks after retirement
The former head of continental European equity capital markets at Barclays has secured a new role leading corporate development at…
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Why the Brexit battle over London’s derivatives dominance may drag on for years
The battle for London’s trading and clearing of derivatives is heating up. But it probably won’t be settled any time…
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JPMorgan CFO Jennifer Piepszak says investment banking fees could be up 30% on Q1 2020
Investment banking fees at JPMorgan in the first quarter are likely to be up over 30% on the same period…
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Vanguard, BlackRock singled out for $170bn coal exposure
Vanguard and BlackRock, the world’s two largest asset managers, have been singled out for having the highest exposure to the…
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St James’s Place to axe 200 jobs after Covid hit to profits
St James’s Place, the UK listed wealth manager, plans to axe 200 jobs following an almost 40% drop in pre-tax…
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HSBC shrinks bonuses for London investment bankers by up to 20%
Investment bankers in HSBC’s London operations have seen bonuses decline by as much as 20%, as the UK lender has…
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Jefferies backtracks on staff jab plan after memo demanded ‘verification of vaccination’
US investment bank Jefferies has backtracked on a policy that would have required all of its staff to receive a…
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Atom Bank sets sights on IPO by 2023 amid £40m fundraising
British challenger Atom Bank has said it plans to go public within the financial year 2022-23 as it nears profitability…
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Goldman Sachs boss David Solomon slams WFH as an ‘aberration’
Goldman Sachs chief executive David Solomon has sent the clearest message yet to homebound traders and investment bankers — don’t…
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Bank of America names Berendes, Brabazon new M&A leaders in Europe
Bank of America has shaken up the leadership of its mergers and acquisitions team in Europe amid global surge in…
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HSBC plans $6bn in Asia investments as profits slump by 34%
HSBC is sticking to cost-cutting measures that will see it strip out 35,000 jobs and will invest up to $6bn…
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HSBC’s top investment banker bonuses fall by 11% as job cuts take hold
HSBC cut bonuses to its top investment bankers by 11% last year, but nearly doubled redundancy payouts for executives in the…
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Neil Woodford’s comeback doomed from the start as ‘misled’ investors balk
Neil Woodford has had plenty of time to consider his options following the spectacular implosion of his business just 16…
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HSBC London bankers brace for job cuts amid Asia shift: ‘There is a lot of middle management in the UK’
Mid-ranking bankers at HSBC in London are braced for more cuts as the bank looks to shift more leadership and…
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HSBC overhauls debt capital markets as Gabizon exits after 35 years
HSBC has installed new leaders in its European debt capital markets business as one of its senior dealmakers in France…
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Wells Fargo strikes $2bn deal to offload asset management business
Wells Fargo, the US-headquartered bank, has struck a deal to offload its asset management arm in a transaction worth $2.1bn.…
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Standard Life Aberdeen paves way for rebrand after fresh deal with Phoenix
Standard Life Aberdeen, the FTSE listed asset manager, has sold the Standard Life moniker to UK insurer Phoenix Group —…
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Billionaire fund manager Alan Howard takes stake in British bitcoin startup
Billionaire hedge fund mogul Alan Howard and a selection of current and former Goldman Sachs partners are among the backers…
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Former Fidessa chair joins PwC spin-out
John Hamer, the former chief executive and chairman of trading software giant Fidessa, has joined LikeZero as the fintech firm’s new chair. LikeZero,…
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Ex-BlackRock employees allege discrimination in letter to Larry Fink
Two former BlackRock employees have written to the boss of the world’s largest asset manager saying that they faced racial…
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Barclays’ trading unit surges to new highs as Covid-19 hits overall profits
Barclays’ trading unit produced its best ever year in 2020, even as the Covid-19 crisis forced the bank to put…
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NatWest Markets pays nearly £60m to handful of top traders
NatWest Markets paid out nearly £60m to a handful of top employees in its sales and trading unit, even as the…
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Invesco tops ‘dog funds’ list for sixth time
Invesco has topped a twice-yearly list of worst-performing investment funds for the sixth time running, with almost a dozen of…
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ESG is ‘no longer optional’ for asset managers, says Goldman Sachs
Funds focused on environmental, social and governance issues are “no longer optional” for asset managers and interest in them will…
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JPMorgan hires Linklaters star partner Charlie Jacobs as UK investment banking co-head
Charlie Jacobs, the senior partner of Magic Circle law firm Linklaters, is joining JPMorgan as co-head of UK investment banking,…
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Barclays increases bonus payments for senior staff in investment bank
Barclays increased average bonus payments for some of its top staff in the division housing its investment bank, despite regulatory…
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Credit Suisse boss sees Spac boom raging on amid $100bn blank-cheque frenzy
Credit Suisse chief executive, Thomas Gottstein, says the boom in so-called blank-cheque companies that have raised over $100bn in the…
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Trading Places: Linklaters’ Jacobs to JPMorgan, Spac moves, Deutsche Bank hires journo
Top lawyer Charlie Jacobs is joining JPMorgan as co-head of UK investment banking, according to an internal announcement. He joins…
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Billionaire Jeff Gundlach says bitcoin beats gold as ‘stimulus asset’
A long-time gold bull and prominent investor Jeffrey Gundlach has had his head turned by cryptoassets, after noting that bitcoin…
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Societe Generale offers UK staff up to 90% of work week at home
French bank Societe Generale is offering its UK employees the chance to spend up to 90% of their working week…
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Paul Myners joins chorus of critics slamming Woodford probe ‘lethargy’
Paul Myners, the former City minister, has joined the growing chorus of voices calling for an independent inquiry into the…
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Goldman Sachs is getting in on the robo-investing party — should you?
Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs restricted its robo-advisory service, Marcus, to people…
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