Integrated Banks
- Finance
Damning Archegos report slams ‘lackadaisical’ attitude to risk at Credit Suisse
Credit Suisse’s $5.5bn loss from the collapse of family office Archegos Capital was down to a “fundamental failure of management”…
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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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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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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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BNP Paribas equities trading revenues double as push continues
BNP Paribas’ ongoing push into equities trading led to a record quarter for the unit, but its investment bank revenues still…
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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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Deutsche Bank 2Q Profit Beats Estimates Amid Lower Provisions — Update
By Mauro Orru Deutsche Bank AG posted profit ahead of analysts’ expectations for the second quarter as provisions for credit…
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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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Barclays 2Q Pretax Profit Rose Above Views, Pre-Pandemic Levels — Update
By Sabela Ojea Barclays PLC on Wednesday reported a significant rise in pretax profit for the second quarter, surpassing market…
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Barclays names new capital markets leaders in latest shake-up
Barclays promoted a swathe of senior capital markets bankers as the UK lender continues to reshape the top of its…
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Credit Suisse hires Goldman Sachs executive Wildermuth as new chief risk officer
Credit Suisse has tapped a Goldman Sachs executive as its next chief risk officer as the Swiss bank continues to…
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Standard Chartered scraps academic bar in bid to attract diverse apprentice pool
Standard Chartered is offering a route into a front-line investment banking job for those from lower socio-economic backgrounds by scrapping the…
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These banks now pay 20-somethings starting salaries of $100,000 or more
The world’s largest investment banks have hiked junior banker pay to six figures over the course of the past month…
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JPMorgan names UBS’s Novak as head of shareholder engagement in Europe
JPMorgan has hired a senior dealmaker to lead its activism defence team in Europe, poaching from UBS for the role.…
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Credit Suisse sheds investment banking market share as Barclays looks to drive up ranks
Barclays recently overtook Credit Suisse in investment banking revenue, a sign that the UK bank’s long, frustrated push to be a major player…
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Credit Suisse settles spying case with former executive Iqbal Khan
Credit Suisse has reached a settlement with former international wealth management head Iqbal Khan and private investigators over a spying…
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Dimon life: Will JPMorgan boss’s bonus rub shareholders up the wrong way?
Aw, you shouldn’t have. JPMorgan Chase’s board surprised investors by giving chief executive officer Jamie Dimon 1.5 million stock options on top of…
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Here’s what a Bank of America strategist says investors should do next as market rotation enters round four
To Bank of America global investment strategist Michael Hartnett, there have been three distinct phases to describe market action over…
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Barclays hires SocGen veteran Meyer as European dealmaker hiring spree continues
Barclays has hired a 23-year veteran from Societe Generale for a senior investment banking job in Europe as the UK…
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80-hour weeks are a must to rise in banking, JPMorgan exec says
Wall Street’s reputation for burning out junior staff with 80-hour-plus weeks is worth it so that bankers can master the profession sooner…
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Barclays hires Hengster to lead German unit as shake-up continues
Barclays has hired a dealmaker as chief executive for its German operation as the UK lender continues to shake up…
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JPMorgan re-hires Bennetts lead directory advisory services group in Europe
JPMorgan re-hired a senior banker to lead its director advisory services unit in Europe, a division that helps source directors…
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Credit Suisse offers pay hikes to keep senior bankers as more depart in wake of Archegos
Credit Suisse is offering pay rises of up to 30% to retain senior dealmakers who have been offered new jobs…
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UBS hikes junior banker salaries as banks battle for talent
UBS has increased salaries for its juniors, weeks after a special bonus for its younger bankers and following a bumper…
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JPMorgan boss Jamie Dimon pockets fresh retention bonus
JPMorgan Chase’s board gave Jamie Dimon new stock options as a retention bonus, signaling that the largest US bank wants…
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BNP Paribas hires Deutsche Bank’s Wilson to lead prime services
BNP Paribas has hired a senior executive from Deutsche Bank to lead its prime services unit, as the French bank…
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UBS targets women-only hedge funds with new portfolio launch
The world of hedge funds is one that is well-known to be male dominated. Now, UBS is looking to spot…
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Deutsche Bank matches junior banker bidding war with $100,000 offer
Deutsche Bank has bolstered pay for its junior bankers, the latest large investment bank to increase salaries amid a battle…
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Barclays unveils raft of changes to top of investment bank
Barclays promoted a raft of senior dealmakers and named new co-heads of its investment banking to lead the unit during…
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JPMorgan hires UBS’s Böttcher into European vice chair role
JPMorgan hired a senior UBS dealmaker to become vice chair of its investment banking unit in Europe. Reinout Böttcher, who was…
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Credit Suisse’s Brechner jumps to Citi as dealmaker exodus continues
Citigroup has hired a senior dealmaker from Credit Suisse to bolster its M&A team in Europe, the latest departure from…
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Wall Street bankers shine again as record fees offset trading slump
Wall Street banks have benefited from a boom in dealmaking, hauling in record fees in the second quarter as the…
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HSBC to reopen all offices in England from 19 July as banks ramp up return
HSBC is reopening all of its offices in England from 19 July, with City banks look to ramp up employee…
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Trading Places: BlackRock’s 8% pay bump; Barclays hires JPMorgan’s Ward in trading push
As the world of finance still struggles with the fallout from the pandemic, a clear trend has emerged; big players…
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Bank of America follows Wall Street rivals with sharp trading decline as Covid boom fades
Bank of America’s trading revenues slipped by nearly 20% in the second quarter as the boom that has supported banks…
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JPMorgan’s investment bank slips by 19% as trading boom wanes
JPMorgan’s investment bank slipped in the second quarter as the boom in trading revenues throughout the Covid-19 crisis has finally started…
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JPMorgan set to lift 50% staffing cap in Canary Wharf as restrictions ease
JPMorgan is set to re-kit its offices to prepare for more than half of its England-based employees to return from…
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Why $100,000 a year still isn’t enough for 21-year-old bankers — ‘Banks need to worry’
For 21-year-olds graduating from top universities, there’s a new reason to start out in investment banking — six-figure starting salaries.…
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Barclays hires JPMorgan veteran Ward to head electronic trading
Barclays hired Peter Ward, an 11-year JPMorgan veteran, to lead its global electronic trading team. Ward is set to join…
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Losses jump sixfold at ex-Barclays boss Antony Jenkins’ fintech startup
Losses at the banking technology startup helmed by former Barclays boss Antony Jenkins jumped sixfold last year, as the firm…
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Credit Suisse Swiss compliance head exits after just four months in the job
Credit Suisse’s Swiss head of compliance Floriana Scarlato is leaving the bank after just four months in the role. The…
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Credit Suisse’s main unit downgraded by Moody’s on Archegos, Greensill fallout
Credit Suisse’s main operation has been downgraded by ratings agency Moody’s in the wake of the twin crises of a…
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FCA hits Lloyds with £90m fine for misleading insurance customers
The Financial Conduct Authority has fined Lloyds Banking Group’s insurance arm more than £90m for misleading customers in home insurance…
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HSBC strips out management layers to ‘reduce hierarchy’
HSBC is shaking up its senior ranks in a bid to shed its “hierarchical” structure and bring its reporting lines…
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Bank profits predicted to spike as JPMorgan, Goldman Sachs and more line up results
The economic recovery is looking good for the biggest U.S. banks. Major players such as JPMorgan and Citigroup are expected this week to report…
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Credit Suisse looks to prevent another Archegos with new risk role
Credit Suisse took fresh steps to tackle its risk management in the wake of the $5.5bn loss from family office Archegos Capital, with…
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Citigroup leads $6bn Spac fee haul for investment banks
Investment banks have pulled in nearly $6bn in fees advising on blank-cheque companies in 2021, nearly double the record set…
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