Integrated Banks
- Finance
Citi’s new Malaga hub attracts 3,000 applicants, including ex-footballers and Olympians
Citigroup received over 3,000 applications for its new graduate programme in the Spanish city of Malaga — a sign the bank’s…
Read More » - Finance
Societe Generale chief executive Frédéric Oudéa to step down next year
Frédéric Oudéa, chief executive of French bank Societe Generale, is set to step down from the bank next year, calling…
Read More » - Finance
JPMorgan chief Jamie Dimon has $50m bonus rejected by shareholders
JPMorgan Chase shareholders objected to a roughly $50m retention bonus for chief executive Jamie Dimon and voted against the bank’s compensation…
Read More » - Market
Here’s what just happened that triggers stock market drops 71% of the time, warns Credit Suisse
Wall Street’s in an unusually bullish mood Tuesday morning. Tim Holland, chief investment officer at Orion Advisor Solutions, argues the…
Read More » - Market
Which of Buffett’s bank stocks might make you the most money?
This is the time of the quarter when investors get to see what changes Warren Buffett and the management team…
Read More » - Finance
Schroders’ hunt for climate experts shows newest front in ESG talent war
Asset managers are on the hunt for experts who can help them meet their ambitious net-zero emissions targets — and are willing…
Read More » - Finance
Barclays investment bank vice chair Mark Astaire quits industry after 35 years
Barclays’ vice chairman of investment banking in Europe is leaving the sector after 35 years in the latest change in…
Read More » - Finance
Citigroup launches new VC and family office team with Tobi Ali at the helm
Citigroup is launching a new team of dealmakers to focus on venture capital firms and family offices, the latest appointment…
Read More » - Finance
Citigroup names Tom Anderson as chief compliance officer
Citigroup has named Tom Anderson as its new chief compliance officer. Anderson, who currently serves as compliance chief of Citi’s…
Read More » - Finance
Bank of America hires JPMorgan’s Rahul Bhandari for private markets push
Bank of America has poached JPMorgan’s head of private capital markets in Europe, as banks in the region battle for…
Read More » - Finance
UBS hires dealmaking duo for new London ESG team
UBS has hired a pair of dealmakers for its team of bankers working on ESG-related transactions, as firms scramble for…
Read More » - Finance
Trading Places: JPMorgan poaches Aviva’s Singh, FCA hires ex-Goldman MD, BofA nabs Ansorg
Big hires continued apace this week, starting with Jefferies, which hiredMorgan Stanley dealmaker Richard Gostling to head up its coverage of…
Read More » - Finance
Why splitting HSBC won’t clear political landmines
HSBC, Europe’s most valuable bank, makes most of its money in Asia but is headquartered in the UK. Now its…
Read More » - Finance
Pirc tells Barclays shareholders to vote against pay report
Barclays investors have been urged by a major adviser to oppose the bank’s remuneration policy, raising the prospect of a shareholder…
Read More » - Finance
UBS’ firing of a senior investment banker was defamatory, US watchdog rules
UBS’ rationale for the 2018 firing of a senior investment banker was defamatory and should be expunged from his record…
Read More » - Finance
An Audience with Standard Chartered’s Tracey McDermott: Why a global ESG standard won’t work for banks
Tracey McDermott wants to help solve the climate crisis. For a time, she was in charge of the Financial Conduct…
Read More » - Finance
JPMorgan just promoted 45 dealmakers to MD — here are the names
JPMorgan has promoted 10 dealmakers in the City to the coveted rank of managing director, part of its annual round…
Read More » - Finance
UK advertising watchdog mulls calling out HSBC for greenwashing
The UK advertising watchdog is considering whether to warn HSBC that several of the bank’s climate-related adverts are “misleading”. A draft Advertising…
Read More » - Finance
BNP Paribas trading fees surge after investment bank expansion
Trading fees at BNP Paribas surged by more than 50% in the first quarter, as the bank benefited from market…
Read More » - Finance
HSBC’s top shareholder Ping An urges bank break up
HONG KONG — China’s Ping An Insurance has quietly taken up the role of shareholder activist, putting pressure on HSBC…
Read More » - Finance
Barclays’ bond trading revenue surges 40% despite ‘entirely avoidable’ £500m blunder
Barclays’ fixed-income trading unit surged by nearly 40% in the first quarter, the biggest increase of any of its rivals,…
Read More » - Finance
Trading Places: Barclays’ ECM head leaves, Credit Suisse’s shake-up
The banking hires came thick and fast this week alongside earnings reports. Barclays’ head of equity capital markets for Europe…
Read More » - Finance
Apollo snaps up JPMorgan’s Christine Moy in digital assets push
Private equity firm Apollo has hired former JPMorgan metaverse head Christine Moy to steer a push into the digital asset…
Read More » - Finance
Credit Suisse names Francesca McDonagh as Europe CEO amid flurry of senior appointments in latest shake up
Credit Suisse has made a flurry of changes to its senior ranks, the latest shake-up after successive scandals at the…
Read More » - Finance
Credit Suisse reveals $284m loss as investment bank tumbles
Credit Suisse unveiled a loss of CHF273m ($284m) in the first quarter as it battled litigation costs and a slump…
Read More » - Finance
Standard Chartered profits up despite China, Russia headwinds
Standard Chartered’s first-quarter profit edged up by 4%, thanks to recovering interest income and better cost efficiency, even though the…
Read More » - Finance
HSBC’s investment bank profit slips by 35% as Russia-Ukraine conflict hits
HSBC put more money aside to cushion the impact of Russia’s invasion of Ukraine during the first quarter of 2022,…
Read More » - Finance
UBS hires Barclays’ Esteve to head up European equity banking
Barclays’ head of equity capital markets for Europe has left the bank and is set to join UBS. Manuel Esteve,…
Read More » - Finance
Barclays hires Nomura’s Ed Skilton to head up UK financial institutions coverage
Barclays has bolstered its investment bank with a senior dealmaker from Nomura to head up its coverage of financial institutions…
Read More » - Finance
Deutsche Bank’s fixed income trading unit bolsters profit
Deutsche Bank’s investment bank beat expectations as a surge in fixed income trading and mergers and acquisitions fees helped bolster…
Read More » - Finance
JPMorgan sued by Ray-Ban for failing to catch $272m theft
The eyewear company that owns Ray-Ban and LensCrafters has sued JPMorgan, accusing it of failing to notice that thieves had…
Read More » - Finance
Credit Suisse places Russia staff on ‘paid leave’ as it pulls back
Credit Suisse’s staff in Russia have been placed on paid leave as the Swiss bank looks to wind down its…
Read More » - Finance
Lloyds reports pretax profit fall but says this beat market expectations
Lloyds Banking Group reported on 27 April a decline in pretax profit for the first quarter of 2021, beating market views…
Read More » - Market
Credit Suisse 1Q Net Loss CHF273M
By Cristina Roca Credit Suisse Group AG said Wednesday that revenue fell in the first quarter and announced a reshuffle…
Read More » - Market
Deutsche Bank 1Q Net Pft EUR1.06B
By Giulia Petroni Deutsche Bank AG on Wednesday said that it posted its highest after-tax profit since 2013 in the…
Read More » - Finance
LGIM to vote against exonerating Credit Suisse board after scandals
Legal & General Investment Management will vote against absolving senior Credit Suisse executives of responsibility after a series of scandals engulfed…
Read More » - Finance
UBS investment banking fees fall by 30% as deals slow down
UBS’ investment banking fees slipped by 30% in the first quarter as the impact of Russia’s war on Ukraine dampened…
Read More » - Finance
Citigroup’s global gender pay gap stalls at 26%
Citigroup is one of the only major investment banks to offer a frank insight into the gender pay gap across…
Read More » - Finance
Europe’s banks edge closer to Wall Street rivals as bonus hikes shake up pay rankings
Wall Street banks have long trumped their European rivals on bonuses, but a fierce battle for junior and mid-ranking staff…
Read More » - Finance
Credit Suisse prepares for another management shake-up
Credit Suisse is preparing for another management shuffle after a year of crisis, people familiar with the matter said. The…
Read More » - Finance
Trading Places: BofA’s sales shakeup, UBS brings Frances Fahey back, Goldman’s Dustin Cohn joins Cadre
Bank of America shook up the senior ranks of its foreign exchange sales desk as the head of the unit prepares…
Read More » - Finance
Does Barclays’ punishment for its £450m trading error match the crime?
David Wighton is a columnist for Financial News On the surface, Barclays’ punishment for issuing $15bn more US financial products…
Read More » - Finance
JPMorgan AM’s Kristian West: Differences between us and tech giants ‘less than you’d imagine’
JPMorgan Asset Management has for several years been placing greater emphasis on data science and analytics to give its portfolio…
Read More » - Finance
What the crypto selloff means for Coinbase, Silvergate and Riot Blockchain
The picks and shovels of the cryptocurrency world have been a worse bet lately than cryptocurrencies themselves. The cryptocurrency market…
Read More » - Finance
Dechert hires director from Bank of America in hot legal hiring market
Dechert has hired Bank of America director and assistant general counsel Richard Pugh as a partner in its London office.…
Read More » - Finance
Trading Places: UBS hikes junior salaries; Citi, HSBC hire for Asia push
If you thought the battle for junior talent in banks was over, think again. UBS hiked salaries for its junior bankers…
Read More » - Finance
Bank of America joins Wall Street’s profit rout with 12% drop
Bank of America reported a 12% drop in first-quarter profit on 18 April, marking the end to an underwhelming earnings season…
Read More » - Finance
JPMorgan’s Jamie Dimon: ‘Is a recession possible? Absolutely’
JPMorgan’s pandemic boom ended with a 42% drop in profits and a warning: Rising inflation and the war in Ukraine pose big…
Read More » - Market
Stocks finish near session highs as bond yields slip and Fed’s Waller says inflation may have peaked
U.S. stocks closed near session highs Wednesday, led by the Nasdaq Composite as bond yields slipped on hopes inflation may…
Read More » - Finance
Profit down 42% at JPMorgan as Wall Street braces for pandemic reversion
JPMorgan Chase’s first-quarter profit dropped 42%, weighed down by lower Wall Street fees and higher expenses. The nation’s biggest bank…
Read More »
