Integrated Banks
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Wall Street set to shower bankers with highest pay and bonuses since 2008 crisis
Top Wall Street banks are on course to pay their dealmakers more than at any point in at least a…
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Trading Places: BNP Paribas promotes PE banker, Nomura’s hiring spree
Private equity and junior bankers were in the spotlight this week, as investment banks reported earnings that showed they are…
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Deutsche Bank whistleblower awarded $200m prize for libor tip-off
A whistleblower whose information helped US and UK regulators investigate manipulation of global interest-rate benchmarks by Deutsche Bank was awarded…
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Barclays PLC 9-Mos Net Pft GBP5.26B
Corrections & Amplifications This headline was corrected at 0606 GMT. The original misstated the period as third quarter. Corrections &…
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Barclays’ dealmakers post record quarter amid M&A boom
Barclays dealmakers hauled in record fees during the third quarter as the UK lender followed Wall Street rivals with record…
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Goldman Sachs more than doubles first-year banker bonuses to £64,500 amid junior burnout crisis
Junior banker bonuses in London have surged by 60% this year as firms have moved to stem an exodus of…
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Citi CEO Fraser sets out ‘time to breathe’ amid relentless banker Zoom calls
Citigroup chief executive Jane Fraser introduced a “take time to breathe” hour for its employees and cut back the length…
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Credit Suisse admits it defrauded investors to settle Mozambique charges
Credit Suisse Group AG agreed to pay $475m and forgive $200m Mozambique owes to investors in coordinated settlements with US and European…
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Swiss regulator Finma reveals Credit Suisse spied on seven executives
Credit Suisse Group’s efforts to spy on top executives were broader than previously known and broke Swiss supervisory law, that country’s…
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Citigroup eyes UK and Ireland growth amid ‘feeding frenzy’ deal boom
Citigroup is bolstering its roster of FTSE-100 companies and hiring dealmakers in the City after a shake-up at the top…
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Lawyers warn of legal risks as Goldman, JPMorgan relax Covid safety in offices
Lawyers warn that City firms that opt to scrap social distancing requirements in the workplace could face a surge in employment…
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HSBC execs become ‘Dragons’ in quest for ideas in Europe
HSBC is launching a ‘Dragon’s Den’-style competition for staff within its European investment bank to pitch new ideas for bolstering…
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Trading Places: Investec nabs Credit Suisse vet, Kirkland & Ellis hires Freshfields PE partners
In a busy week of earnings and booming revenues from the investment banks, the financial services sector also seen top moves…
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Bank of America’s dealmakers rake in record fees as M&A surges
Bank of America dealmakers continued a scorching quarter for Wall Street bankers, posting record M&A revenue and a 23% increase…
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Five things in crypto this week: Coinbase, JPMorgan’s Jamie Dimon, NFTs and a bitcoin ETF?
As investors wait with bated breath to see whether US regulators will approve an exchange-traded fund linked to bitcoin futures…
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Citigroup CEO Jane Fraser defends $5m bonus plan for top execs
Citigroup chief executive, Jane Fraser, has defended a bonus programme for senior executives after it came under fire from a…
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Crypto is ‘here to stay’, Standard Chartered CEO says after Dimon disses bitcoin
Standard Chartered plans to go full speed ahead on cryptocurrencies in spite of an impending global regulatory crackdown on the…
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JPMorgan posts 30% surge in profit as M&A fee bonanza rages on
JPMorgan’s corporate and investment bank surged by 30% in the third quarter, as a bumper three months for its dealmakers…
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Investec hires Credit Suisse’s head of European equity sales in US push
Credit Suisse’s former head of European equity sales in North America has been hired by mid-market investment bank Investec as…
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Standard Chartered links up with Singapore startup in Asia fintech push
Standard Chartered has tied up with Singapore start-up Atome Financial to expand in Asia’s booming financial technology market. As part…
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HSBC CEO Quinn: Forcing staff back to the office is a ‘betrayal of trust’
HSBC chief executive, Noel Quinn, said that forcing its 210,000 employees back to the office in the wake of Covid-19…
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Citigroup hires van Nouhuijs to lead Benelux banking team
Citigroup has hired the former chief executive of corporate and institutional banking at ABN Amro to lead its advisory team…
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Barclays unveils new Glasgow campus for 5,000 staff
Barclays is set to employ 5,000 people across a series of new offices in Glasgow, as large investment banks increasingly…
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JPMorgan’s Jamie Dimon on when the shortage crisis will end, and why bitcoin is ‘worthless’
Daily headlines point to a shortage of goods all over the world, amid escalating fuel prices and limited supply. But…
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Credit Suisse delays report into Greensill following police raid
Credit Suisse has delayed the release of findings from a report into the collapse of $10bn in investment funds it…
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Nearly 30% of traders are back in the office full-time, says Deutsche Bank
Nearly 30% of sales and trading staff are now working from the office full-time — a 12 percentage point jump…
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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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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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Credit Suisse to pay another $400m to investors in Greensill exposed funds
The asset management arm of Credit Suisse has announced plans to return $400m to investors in a suite of supply…
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UBS puts Bouvier at helm of new ESG banking unit
UBS has created a new ESG advisory team, promoting a senior dealmaker to lead the unit as investment banks increasingly…
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UBS hires Morgan Stanley’s former European equity-linked head Renaudin in Asia push
UBS has hired the former head of equity-linked origination at Morgan Stanley in Europe for a senior role leading its…
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JPMorgan taps ex-Barclays chief’s fintech to build UK digital bank
JPMorgan is partnering with former Barclays chief Antony Jenkins to use his fintech startup’s technology inside the UK iteration of…
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Citigroup builds team of European dealmakers for ‘limitless’ clean energy transition
Citigroup is building out a team of dealmakers in Europe to focus on advising companies on the ‘megatrend’ of transitioning…
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Trading Places: Citigroup builds clean energy team, JPMorgan taps ex-Barclays boss Jenkins
Citigroup sees a ‘megatrend’ in the transition to clean energy, so is building a team of dealmakers in Europe to…
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Credit Suisse hires Bedina to lead energy investment banking unit in Europe
Credit Suisse has hired a senior dealmaker to lead a new unit of bankers focused on the energy sector, as…
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Credit Suisse raided as part of police investigation into Greensill
Swiss police raided Credit Suisse Group offices last week, the bank said, as part of an investigation into collapsed finance…
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HSBC’s former investment bank boss Samir Assaf joins General Atlantic
The former head of HSBC’s investment bank, Samir Assaf, is stepping down from the UK lender after nearly 30 years…
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Five things that happened in crypto this week: bitcoin ETFs, BofA research, Musk, shiba inu, and Soros
The week in cryptos bustled with activity, with interesting discussions at the in-person conference in London, Token2049. Most notable was the…
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Deutsche Bank poaches Barclays’ Shakespeare in European push
Deutsche Bank has hired another of Barclays’ top UK investment bankers, as the German lender continues to expand the unit…
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Citigroup taps Goldman’s Leyenaar-Huntingford to lead infrastructure banking
Citigroup has hired a Goldman Sachs dealmaker to head up its infrastructure investment banking team in London, as the US…
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Deutsche bolsters UK investment bank with two senior dealmakers
Deutsche Bank has hired two managing directors for its UK investment banking team as it continues to add senior dealmakers…
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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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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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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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