Financial Investment Services
- 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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Back to the office — Here’s what we know about who’s going back and when
That’s the official UK government line before the fourth and final step of its road map come 21 June, when the Prime Minister…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Jamie Dimon’s Zoom fatigue is a sign home-working backlash is coming
Jamie Dimon has had enough of Zoom, and he’s not the only one. The JPMorgan boss said he’s keen to…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Societe Generale aiming for greater profit from investment bank division
Societe Generale SA is targeting a higher profitability for its global banking and investor solutions unit, which includes investment banking…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Irish investment bank Davy hires five as it eyes UK expansion post-Brexit
Ireland’s biggest stockbroker, Davy, has named five new senior hires for its London operation and plans to bolster its UK…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Winklevoss, Musk, Cuban: Here’s who’s backing dogecoin
Dogecoin is everywhere, dogecoin is life. Or at least, that’s what some of its biggest supporters think. The cryptocurrency, first…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Health
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Outcry as Chicago’s trading pits are closed permanently
The exchange operator CME Group said it would permanently close most of its open-outcry trading pits in Chicago, ending one of the…
Read More » - Finance
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…
Read More » - Finance
Ken Moelis sees banker travel slashed by two-thirds even amid ‘busiest time I’ve ever seen’
Veteran dealmaker Ken Moelis said that investment bankers could spend half the amount of time travelling in the wake of…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Goldman Sachs to ramp up UK staff at Plumtree Court HQ from 21 June
Goldman Sachs is set to ramp up employee numbers in its UK headquarters from 21 June, when the government lifts…
Read More » - Finance
Credit Suisse banker demoted over Greensill shows off seven-bedroom Provence farmhouse
Eric Varvel, the Credit Suisse asset management head demoted after the Greensill Capital collapse, is marketing his expensively renovated seven-bed…
Read More » - Finance
Barclays to ramp up Canary Wharf and New York office numbers from June
Barclays will start ramping up employee numbers in Canary Wharf and New York from June, with the bank’s chief executive…
Read More » - Finance
HSBC hikes junior pay and kicks off hiring spree amid deal surge
HSBC is increasing salaries for junior bankers, expanding recruitment and accelerating promotions in the latest efforts from a large investment…
Read More » - Finance
Trading Places: Ex-Woodford sales head joins ETF firm, former KPMG chief exec quits and Credit Suisse risk head stands down
Simon Dale, the former head of retail at Woodford Investment Management, has joined exchange traded fund boutique HANetf to oversee…
Read More » - Finance
Former Woodford sales exec Simon Dale joins ETF firm
Simon Dale, the former head of retail at Woodford Investment Management, has joined exchange traded fund boutique HANetf to oversees…
Read More » - Finance
Barclays profits surge on record investment bank fees, slump in bad loans
Strong performance at Barclays’ investment bank and a slump in money put aside for bad loans bolstered first quarter profits…
Read More » - Finance
Credit Suisse risk committee head Gottschling steps down amid Greensill, Archegos crises
The head of Credit Suisse’s risk committee has stepped down ahead of its annual general meeting, staving off a potential…
Read More » - Finance
Fidelity launches platform for fund managers to profit from short-sellers
Fidelity Investments is ramping up a business that helps money managers profit on those eager to bet against stocks. Fidelity…
Read More » - Finance
HSBC profits more than double as Covid-19 loan-loss provisions reverse
HSBC’s first-quarter profits more than doubled as provisions for Covid-19 related loan losses slumped, but the UK lender’s investment bank…
Read More » - Finance
UBS unveils $774m hit from Archegos Capital meltdown
UBS said it has taken a $774m hit from the collapse of family office Archegos Capital, denting profits at its…
Read More » - Finance
Deutsche Bank rides Spac boom as investment bank profits surge by 134%
Deutsche Bank’s investment bank fuelled its best quarterly profit in seven years as the German lender reaped the benefits of…
Read More » - Finance
Amundi posts outflows of €12.7bn during first quarter
Amundi, Europe’s largest asset manager, suffered net outflows of almost €13bn during the first three months of the year, as…
Read More » - Finance
Three things you need to know about Standard Chartered’s first quarter
Standard Chartered’s profits jumped by 18% in the first quarter as the emerging markets-focused UK lender slashed provisions for bad…
Read More » - Finance
Goldman Sachs offers Covid-19 vaccines to thousands of staff in India as infections soar
Goldman Sachs is offering Covid-19 vaccinations to thousands of its staff in India and rolling out fresh relief efforts in…
Read More » - Finance
St James’s Place funds hit record high on upbeat investor sentiment
Funds under management at City wealth manager St James’s Place rose to a record high in the first three months…
Read More » - Finance
UK watchdog proposes overhaul of Mifid II research rules
The Financial Conduct Authority wants to scrap some of the most burdensome EU rules on investment research, offering a potential lifeline to…
Read More » - Finance
Evercore kicks off hiring spree as Spac boom helps profit quadruple
Independent investment bank Evercore is hiring equity bankers amid a boom in blank cheque companies and initial public offerings after…
Read More » - Finance
PJT Partners posts 37% profit increase amid deal boom
Profit at boutique investment bank PJT Partners surged by 37% amid record deal activity. The bank, started by started by former…
Read More »
