Investing
- 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…
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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…
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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…
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U.S. stocks trade slightly higher as investors assess earnings, COVID worries
U.S. stocks were back on the rise Tuesday as investors assessed corporate earnings and grappled with concerns over how the…
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KKR’s second-quarter earnings almost double in boom start to the year
KKR has reported a big jump in second-quarter earnings and hauled in a record amount of new cash from investors, as the value…
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Deal Of The Century: How Michael Dell Turned His Declining PC Business Into A $40 Billion Windfall
After years battling Silicon Valley skeptics and Wall Street adversaries, Michael Dell has pulled off the deal of the century,…
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Reasons Why You Might Want to Avoid a Robo-Advisor: Are You Using One?
August 3, 2021 6 min read This story originally appeared on MarketBeat M1 Finance. Betterment. Wealthfront. Dozens of robo-advisors litter…
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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…
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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…
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Semiconductor stocks are rallying — and they still look like bargains
Semiconductor stocks haven’t risen in a straight line this year, but they have recovered from their last dip in May.…
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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…
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Top Credit Suisse investor backs board after scathing Archegos report
One of the largest shareholders in Credit Suisse has their reaffirmed support for senior executives at the Swiss lender, despite…
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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…
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Investors in collapsed Woodford fund face further wait as asset sale drags on
The administrator overseeing Neil Woodford’s former Equity Income fund has said there are just £124m of assets left to be sold,…
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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…
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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…
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Fidelity pledges 45% of board roles to be held by women by 2024
Fidelity International pledged to bolster the number of women in senior roles across its business over the next three years…
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Why You Should Keep Your Eyes On Silver’s Trading Range
While cryptocurrencies, tech stocks, and many commodities have gone ballistic in the past year, silver has been completely flat as…
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Gold Buying Keeps On Going Despite Waning COVID Woes
TOPSHOT – Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in … [+] Sydney…
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2-year and 10-year Treasurys in July book largest monthly yield drop since March of 2020
Treasury yields ended lower on Friday, with the 2- and 10-year rates notching their biggest one-month drops in over a…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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The 5 Worst Investment Tips on TikTok
July 29, 2021 6 min read This story originally appeared on NerdWallet This article provides information for educational purposes. NerdWallet…
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Gold rallies to a more than 6-week high after Fed policy update and weaker-than-expected U.S. economic data
Gold futures rallied on Thursday, buoyed by weaker-than-expected U.S. economic data, even as the Federal Reserve indicated Wednesday that the…
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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…
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Treasury yields’ gains fade after U.S. GDP report, jobless claims
U.S. Treasury yields gave up some of their earlier rise on Thursday as fixed-income investors weighed a report on second-quarter…
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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…
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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,…
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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…
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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…
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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…
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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…
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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…
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The Right Global Corporate Tax Rate Is Far Lower Than You Think
LONDON, ENGLAND – JUNE 05: US Treasury Secretary, Janet Yellen speaks during a press conference … [+] after attending the…
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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…
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Stock Up On Coffee Now, Prices Are Headed Higher
A barista prepares cups of Geisha Natural coffee variety at the Elida farm, in Boquete, Panama, on … [+] January…
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Looking for an Alternative Investing Opportunity? This Cybersecurity Firm Can be a Compelling Option.
Cybersecurity has become a major concern in the modern digital age and NanoVMs has set out to make a difference.…
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How to Protect Your Profits From Inflation During a Global Crisis
Inflation is coming to devalue your corporate treasury. Here’s how to protect it. Grow Your Business, Not Your Inbox Stay…
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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…
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Treasury yields edge up as investors ready for Fed’s policy update
U.S. Treasury yields climbed modestly on Wednesday as investors await the most recent statement from the Federal Reserve, which could…
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This Is Why Compound Interest Is More Valuable Than Ever Before
New scientific breakthroughs mean it’s time to take a second look at “the eighth wonder of the world.” Grow Your…
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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…
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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…
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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…
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