Commercial Banking
- Finance
Deutsche Bank needs more ESG expertise, CEO Sewing says
Deutsche Bank chief executive Christian Sewing said that all 22,000 client-facing staff at the German lender need to be versed…
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Trading Places: Credit Suisse and BofA add FIG bankers, Nomura’s McDermott rises
Credit Suisse’s hiring hasn’t slowed even after the twin crises of Archegos and Greensill. While the bank said it was looking to bolster…
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UBS shakes up core banking unit as Carnegie-Brown steps back
UBS named new leaders of a core investment banking unit and hired the head of investor relations from GlaxoSmithKline to…
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Deutsche Bank’s investment bank to shrink by 10% in third quarter, CFO says
Deutsche Bank’s investment banking unit will post revenues around 10% down on last year in the third quarter of 2021,…
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Credit Suisse adds European Spac dealmakers to prep for ‘strong pipeline of deals’
Credit Suisse is bolstering its team of Spac dealmakers in Europe, as bankers prepare for an expected wave of blank-cheque…
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Barclays opens up $30m fintech fund in London for female founders
Barclays is expanding its female-focused startup fund to Europe, partnering with venture capital firm Anthemis to accompany the effort with a…
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Bank of America names Addas, Howe and Cocini to lead financial institutions group
Bank of America has promoted a trio of senior dealmakers to run its investment banking unit advising financial institutions. The…
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HSBC ditches social distancing for UK bankers in office return push
HSBC is removing social distancing restrictions for investment bankers and traders in Canary Wharf and rolling out ‘refresher weeks’ for…
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Revolut pays in bitcoin for new WeWork office space
Fintech firm Revolut is the first WeWork member company to sign for its latest new workspace in cryptocurrency. The challenger bank will use…
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Here’s what JPMorgan’s new UK digital challenger is going to look like
JPMorgan is to launch its digital banking challenger brand Chase in the UK on 21 September, after years of secretive…
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Nike supply chain problems in Vietnam could mean challenges ahead for Dick’s Sporting Goods
Nike Inc.’s supply chain slowdown could also put the brakes on Dick’s Sporting Goods Inc.’s momentum, according to Wells Fargo,…
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Credit Suisse hires Rothschild’s Shakhmin to boost London dealmaker team
Credit Suisse has hired a senior banker to lead its diversified industrials coverage in Europe, as the Swiss bank looks…
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UBS promotes leveraged finance dealmakers as Mackey switches to investor relations
UBS has promoted two senior dealmakers to lead its leveraged finance business in Europe, after former head Sarah Mackey moved…
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Citigroup bolsters Paris trading floor in post-Brexit battle for talent
Citigroup is expanding its trading hub in Paris, the latest sign of US investment banks stepping up their presence in the French capital…
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Investec building out team of financial institutions dealmakers with Lewin hire
Mid-market focused investment bank, Investec, is building out its team of dealmakers focused on financial institutions, and has hired a…
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Monzo launches buy now, pay later product in Klarna rivalry
Digital bank Monzo has launched its own buy-now-pay-later tool, entering the nascent credit market as rivals such as Klarna fall…
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HSBC Asset Management appoints new senior portfolio manager
HSBC’s asset management arm has appointed a new senior portfolio manager on its emerging markets debt investment team. Caroline Keany,…
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Goldman Sachs names Denis Coleman new CFO as 30-year veteran Scherr retires
Goldman Sachs named the co-head of its global financing group as its new chief financial officer, as Stephen Scherr steps…
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Wall Street sees as much as 70% upside for these highly rated energy stocks in rally mode
Some investors might feel guilty about making money on fossil fuels, but the table appears set for more gains in…
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Goldman Sachs’ dogecoin millionaire re-emerges at UK healthcare company
A Goldman Sachs managing director who quit the bank after reportedly making millions trading cryptocurrency has re-emerged in a new…
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JPMorgan hunts online investing growth as new execs hired
JPMorgan Chase is hiring two executives to revamp its online investing product, which has lagged behind rival internet brokerages during…
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Ex-Wise employees raise $10m to build Europe’s answer to Robinhood
Two former employees of British fintech firm Wise have raised $10m to fund Europe’s answer to Robinhood, bringing on board…
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An Audience With Lord Grimstone: Luring investment post-Brexit is a ‘globally competitive sport’
“I always chuckle when I’m referred to as a City grandee,” Lord Gerry Grimstone says. But if anyone merits the…
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JPMorgan’s 50,000 applicants show grads still love banking: ‘Damaging headlines have not put students off’
The world’s largest investment banks have seen a surge in applications from younger candidates, showing the enduring popularity of the…
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Deutsche Bank poaches BNP Paribas’ co-head of corporate broking
The co-head of corporate broking at BNP Paribas, who joined the French bank to launch the unit in 2018, is…
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Standard Chartered turns bullish on bitcoin as new crypto head moves in
Standard Chartered’s global head of emerging markets foreign-exchange research is to helm the bank’s new crypto research team in London,…
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Bank of America unveils sweeping leadership changes with new CFO
Bank of America shook up its senior ranks, naming a new chief financial officer and handing extra responsibility to two…
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UniCredit hires ex-UBS dealmaker Sam Kendall in senior banker role
UniCredit has hired a former UBS dealmaker for its investment bank, reuniting its chief executive Andrea Orcel will a key…
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Trading Places: New Credit Suisse COO, plus senior moves at Goldman Sachs, Citi and BlackRock
Goldman Sachs named Kevin Sneader to help run its operations in Asia, months after he was voted out as the leader…
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Credit Suisse names new chief compliance officer after Archegos shake-up
Credit Suisse has unveiled its new chief compliance officer following the ousting of former boss Lara Warner in the wake…
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Citigroup hires JPMorgan dealmaker Truesdale for technology banking push
Citigroup has hired a senior JPMorgan dealmaker as the latest high-profile recruit for its team of technology bankers headed by former…
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Citi analyst tops Europe ranking as Exane retains bank crown
A former Citigroup analyst who quit the industry in April has topped a closely-watched ranking of investment banks’ researchers in…
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An Audience With HSBC’s Nicolas Moreau on moving to Hong Kong and thinking ‘like locals’
Like most top executives, business trips have been off the agenda for Nicolas Moreau during the past 18 months. But…
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JPMorgan strikes deal for major stake in Volkswagen payments business
JPMorgan has bought a 75% stake in German car giant Volkswagen’s payments business, the second acquisition by the US bank…
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Barclays hires Credit Suisse dealmaker as European push continues
Barclays has poached a senior dealmaker from Credit Suisse to lead its industrials mergers and acquisitions unit in Europe, as…
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Credit Suisse looks to recover Greensill losses through more insurance claims
Credit Suisse is looking to file additional insurance claims to recoup some of its losses after the collapse of supply…
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Europe’s banks can’t ignore the M&A rush in fight with the US giants
The global economy is on a mergers and acquisitions tear, with more tie-ups in the first half of 2021 than…
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ShareAction says Europe’s biggest banks lag pledges to cut carbon emissions
Europe’s largest banks have pledged to phase out financing carbon dioxide emissions by 2050. But an activist group supported by…
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HSBC, Barclays confronted by naked Extinction Rebellion protesters
Naked activists belonging to Extinction Rebellion have staged a protest inside and outside HSBC and Barclays bank branches in central…
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HSBC’s Noel Quinn sees 50% cut to bank’s travel budget: It would be a ‘shame’ to go back to how things were pre-Covid
HSBC does not want to go back to the way the office was pre-pandemic, according to chief executive Noel Quinn.…
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City investment banks push for September office return as Wall Street falters on Delta spike
The biggest investment banks in the City are preparing for a widespread return to the office from September, even as…
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Citigroup must face lawsuit over Bernie Madoff’s Ponzi scheme, court rules
A US appeals court said that Citigroup must face a lawsuit over Bernie Madoff’s Ponzi scheme that seeks to recover…
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Citigroup offers Emea juniors a two-week ‘disconnected’ holiday
Citigroup is offering junior bankers two weeks of ‘fully disconnected’ holiday, the latest perk for analyst and associates amid pay…
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JPMorgan leads $50m funding round for financial analytics firm
Aumni, an analytics platform for private capital markets, raised $50m in a funding round led by JPMorgan Chase, signalling investment…
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Bank of America investment bank boss, Tom Montag, to step down
Tom Montag, the head of Bank of America’s investment bank and potential successor to chief executive Brian Moynihan, is retiring.…
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Credit Suisse pulls trigger on six-figure salary hike for juniors
Credit Suisse has increased salaries for first-year analysts to $100,000, making it the last major investment bank to offer six-figure…
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Deutsche Bank’s DWS Group sees shares slump amid SEC probe on ESG claims
The share price of Deutsche Bank’s asset management arm, DWS Group, sank by more than 10% when markets opened following…
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Deutsche Bank’s asset management arm under US investigation over ESG issues
US authorities are investigating Deutsche Bank’s asset-management arm, DWS Group, after the firm’s former head of sustainability said it overstated…
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BNP Paribas joins Wall Street salary bidding war for junior bankers
BNP Paribas has raised salaries for entry-level investment bankers in the US to $100,000, the latest bank to hike pay…
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Proof of Covid-19 jab should be required for office return, say 43% of City staff
Nearly half of City workers believe that employees returning to the office should be forced to prove they have had…
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