Commercial Banking
- Finance
Societe Generale names investment bank boss Krupa as next CEO
Societe Generale has chosen investment bank boss Slawomir Krupa as its next chief executive as Frédéric Oudéa prepares to step down…
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Trading Places: Morgan Stanley’s new Europe dealmaking chief, Credit Suisse’s senior hires, JPMorgan’s ECM shake-up
It’s been a pretty busy week for movers and shakers in the City. Here’s the shifts you need to know…
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Apple stock may not be a ‘safe haven’ for much longer, Bank of America warns in downgrade
Apple Inc. has beaten the broader technology industry this year, but a Bank of America analyst isn’t sure that the…
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Q&A with Pinnacle boss Ian Macoun: Fear and greed drive markets. They are gripped by fear at the moment
Australia-based Pinnacle Investment Management was founded by Ian Macoun in 2006, after he spent a period working in the country’s…
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JPMorgan installs Mangla as ECM chief as Millman moves to chair role
JPMorgan shook up the senior ranks of its equity capital markets business, naming a new sole head of the unit…
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Rothschild & Co hires JPMorgan’s Swiss dealmaking chief Bossart
Rothschild & Co has hired JPMorgan’s head of Switzerland to lead its investment banking unit in the country. Nick Bossart…
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Tandem Bank chief executive Susie Aliker steps down after 18 months in the top job
Challenger bank Tandem is to get a new chief executive, after current boss Susie Aliker handed in her resignation just…
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Citigroup hires Credit Suisse’s Jens Welter to co-head European investment bank
Citigroup has tapped one of Credit Suisse’s top dealmakers to co-head its investment banking unit in Europe, as the Swiss…
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Credit Suisse names new investment bank leaders after Welter quits for Citigroup
Credit Suisse has named two new leaders of its European investment bank after 27-year veteran Jens Welter quit to join…
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Kwarteng tells bankers to expect Big Bang 2.0 despite market volatility
Chancellor Kwasi Kwarteng told leading bankers he was committed to fiscal discipline in a 28 September meeting, as the pound continued…
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Wall Street pays $1.8bn in fines after traders use banned messaging apps
Eleven of the world’s largest banks and brokerages will collectively pay $1.8bn in fines to resolve regulatory investigations over their…
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Stuart Kirk slams coal divestments as ‘immoral’ in latest spat with ex-employer HSBC AM
HSBC Asset Management’s former responsible investing boss Stuart Kirk, who quit in July amid controversial comments he made on climate…
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Ex-Credit Suisse chair António Horta-Osório joins PE firm Cerberus Capital Management
Former Credit Suisse chair Sir António Horta-Osório has joined Cerberus Capital Management as a senior adviser in Europe, adding to…
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Crédit Agricole subsidiaries to settle alleged US sanctions breaches
Two subsidiaries of French bank Crédit Agricole’s corporate and investment banking arm have agreed to pay more than $1.12m in civil penalties…
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HSBC trims UK investment bankers as layoffs pick up pace
HSBC has trimmed front-line staff from its investment bank in the UK, as a dealmaking slump this year is set…
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Credit Suisse set to roll out new retention bonuses for UK dealmakers
Credit Suisse is set to extend retention bonuses to a select band of senior dealmakers in London in a bid…
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JPMorgan’s Daniel Pinto says banks need to be ‘very careful’ about cutting dealmaker jobs
The head of JPMorgan’s investment bank said banks need to be “very careful” about making deep cuts to dealmakers, even…
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Barclays CEO Venkat sees trading boom fading next year
Barclays’ chief executive warned that the boom in trading revenue that has helped banks offset a slump in dealmaking fees…
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Citigroup’s European healthcare deals chief Anthony Hartley set to depart
Citigroup’s head of healthcare investment banking in Europe is stepping down from the bank after six years in the role.…
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Credit Suisse draws up plans to split investment bank in three
Credit Suisse could split its struggling investment bank into three parts, a move that would involve thousands of job cuts…
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HSBC AM to phase out coal investments
HSBC’s fund arm said it will phase thermal coal companies out of its portfolios in a toughening of its stance on climate…
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Wells Fargo bolsters M&A team in Europe and Asia with three senior hires
Wells Fargo has hired a trio of senior dealmakers to bolster its M&A team in Europe and Asia. The US…
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Trading Places: HSBC, Credit Suisse, Jupiter plan cuts, Kirkland scores two London partners
After a bumper year for banks in 2021, it looks like it’s job cuts time again. HSBC is trimming UK bankers…
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JPMorgan’s Dimon and Citi’s Fraser get ready for Capitol Hill battle over banks’ capital buffers
JPMorgan CEO to focus on beneficial role of banks, but will sound off on how inflation is hurting consumers and…
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Citi sets new Black employee target at 3% for UK
Citigroup is aiming to increase its proportion of Black employees in the UK to 3% over the next three years, as…
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Jamie Dimon, Jane Fraser and other CEOs are heading to Capitol Hill this week for their annual grilling
CEOs from the largest consumer-facing banks in the U.S. are scheduled to testify on Capitol Hill this week in both…
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Citi hires duo for European clean energy group as ESG talent war heats up
Citigroup has hired two senior dealmakers for its new team focused on clean energy transition, as large investment banks increasingly…
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JPMorgan, Goldman top fee tables again as Wall Street faces squeeze
JPMorgan and Goldman Sachs held on to their one-two rankings in investment banking revenue in 2022, while Bank of America…
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The Fintech Files: VC funding craters in London, and ‘The Merge’ beckons
City luminaries like Ron Kalifa still like to present London as the beating heart of fintech on this side of…
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Citigroup hires JPMorgan veteran Barry Weir for UK deals team
Citigroup has hired a 20-year JPMorgan veteran to bolster its UK deals team, as it continues to recruit senior dealmakers…
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Why regulators are frustrated with Citi’s slow pace in fixing costly risk issues
Regulators are frustrated with the progress Citigroup has made in the two years since they reprimanded the bank for problems…
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HSBC looks to rising interest rates to bolster share price amid Ping An revamp push
HSBC, Europe’s largest bank, is counting on rising interest rates to help revive its share price after a sluggish decade…
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Trading Places: Citi’s Malaga launch, Goldman gears up for cuts, Linklaters splashes the cash
Citigroup formally launched its new hub for junior bankers in Malaga this week, kicking off a programme designed to combat brutal long…
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Liz Truss and BoE set to clash again amid government push to cut regulation
New prime minister Liz Truss is set for another fight with the Bank of England, this time over post-crisis rules…
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Trading Places: JPMorgan hires Sheppard, Barclays backs Hanna, HSBC eyes private markets
While much of the drama this week centred around Westminster — with Liz Truss taking office as the UK’s next prime minister — there…
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Hedge funds shouldn’t keep $500m Citi paid them by mistake, court rules
Hedge funds shouldn’t be able to keep roughly $500m they were mistakenly paid by Citigroup on a loan owed by now-bankrupt cosmetics…
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Barclays hires Standard Chartered’s Daniel Hanna as global head of sustainable finance
Daniel Hanna has been appointed global head of sustainable finance at Barclays’ corporate and investment bank. Hanna, who leaves the…
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UBS names activism defence head, Columbia professor to new ESG advisory team
UBS has assembled a team of senior dealmakers to advise clients on ESG issues, as the transition to a cleaner…
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Banks to face tougher merger controls, new Fed regulatory chief says
The Federal Reserve’s new regulatory chief said 7 September that the central bank is considering how to more-closely scrutinise bank…
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US banking regulator: Crypto crash gives us ‘breathing space’
A rush to put out new crypto regulatory guidance has slowed down as a drop in asset values has made…
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JPMorgan draws up plans for European blackouts as energy crisis looms
JPMorgan could shift work from continental Europe to the UK or Wall Street as the region braces for energy shortages in the…
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Europe’s banks must reform to combat the rise of challengers
Christian Edelmann is managing partner for Europe at Oliver Wyman June’s Eurogroup gathering of finance ministers in Luxembourg promised to offer…
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BNP Paribas asks frontline staff to spend more time in the office
BNP Paribas is asking equities staff to spend more time in the office, as large investment banks increasingly revert to pre-pandemic…
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The Fintech Files: JPMorgan’s blockchain boss on why ‘most of crypto is still junk’
Back in February, Umar Farooq, the head of JPMorgan’s blockchain arm Onyx, told Financial News that crypto was still in…
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JPMorgan to hire Deutsche veteran Sheppard to co-head UK deals
One of Deutsche Bank’s top European dealmakers has left the German lender and is set to join JPMorgan in a…
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Citi nears deal for new Dublin office amid plans to bolster headcount
US investment bank Citigroup is preparing to sign off €100m development for new European headquarters in Dublin, amid plans to…
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HSBC names new team of dealmakers for private markets drive
HSBC has assembled a team of dealmakers to tackle private markets deals, a growing area of demand in Europe as…
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Copper hires Standard Chartered, Deutsche Bank veteran as crypto firms bolster compliance teams
Copper has become the latest crypto firm to beef up its compliance team, appointing finance veteran Tim Neill as its…
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Big banks shutter offices after Russia’s invasion of Ukraine — here’s what you need to know
It has been six months since Russia launched its full-scale invasion of Ukraine, and law firms and banking giants have…
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JPMorgan’s Frankfurt offices raided as part of cum-ex investigation
German prosecutors have raided JPMorgan’s office in Frankfurt as part of a years-long probe into a tax fraud case that…
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