Investing
- Finance
Blackstone-backed fund buys Justin Timberlake’s song catalogue
A fund backed by private equity firm Blackstone has purchased the rights to Justin Timberlake’s song catalogue in the venture’s…
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DWS loses two executives to Audax
Audax Group has hired two DWS Group executives to help build out a new strategy to invest in secondhand stakes…
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Morgan Stanley CEO James Gorman says he won’t be stepping down soon
Despite running the bank for more than a decade, Morgan Stanley boss James Gorman says he won’t be stepping down…
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Jefferies names new European ECM leaders as Leach steps down
Jefferies has named new leaders of its equity capital markets team in Europe, as Rob Leach steps down for a…
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Private equity bosses target Europe’s fragmented healthcare market
Buyout bosses are checking into the clinic. From fertility centres and eye surgeries to vets and therapists, general partners have…
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Deutsche Bank’s Fabrizio Campelli: ‘We’ll do what it takes to attract people’
Fabrizio Campelli has worked at Deutsche Bank for nearly two decades and has seen his fair share of storms. But…
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Windfall tax weighs on oil and gas investors as UK stocks dive
Shares in independent UK oil-and-gas companies have plunged since the UK government hit them with a new 25% tax, a…
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Frankfurt offices of DWS and Deutsche Bank raided over greenwashing allegations
The Frankfurt offices of Deutsche Bank AG and its asset management subsidiary DWS Group were searched by authorities on 31…
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Campbell Lutyens drafts in M&A bankers for capital advisory push
Campbell Lutyens has drafted in two M&A bankers as it builds out its GP capital advisory team. Edouard Chu has…
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Elon Musk blasts ESG after DWS office raids over greenwashing allegations
Tesla chief executive Elon Musk slammed the ESG industry again following a raid on asset manager DWS’ Frankfurt offices over greenwashing allegations.…
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Fidelity Investments bolsters tech headcount to meet institutional crypto demand
A Fidelity Investments subsidiary, launched a few years ago to let institutional investors store and trade bitcoin, plans to double…
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Trading Places: DWS boss departs, Fidelity’s 110 crypto hires, JPMorgan’s Brexit moves
A happy Jubilee weekend to all the movers and shakers in the City’s job market this week. Trading Places doesn’t…
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Liberum hires four senior analysts to bolster research team
City investment bank Liberum has bolstered its research team with four senior analysts as part of a broader expansion at…
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Boris faces ‘horror among Tory voters’ in City as leadership vote looms
Finance professionals in the City of London see the prime minister surviving a no-confidence vote as a growing number of…
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Private equity faces pressure from pension funds to up disclosure
Pension plans and other institutional investors are embracing a federal proposal that would force hedge funds and private equity funds…
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Jane Street joins Elliott in legal battle over LME’s $4bn in wiped trades: ‘There are bound to be others’
Wall Street market-maker Jane Street became the latest to sue the London Metal Exchange for cancelling some $4bn in nickel trades…
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Alantra hires dealmaking veteran McGrath in latest European push
Mid-market investment bank Alantra has continued its European hiring spree by adding veteran dealmaker JP McGrath to bolster its coverage…
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Credit Suisse hikes junior pay again to $110,000 as salaries spiral
Credit Suisse has hiked junior banker pay for a second time, matching Wall Street peers and Swiss rival UBS as…
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Citigroup promotes Vassilios Maroulis to head up shipping sector coverage
Citigroup has promoted a long-serving dealmaker to lead its coverage of the global shipping industry. Vassilios Maroulis, a banker who…
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Schroders urges FirstGroup to reject £1.2bn takeover bid from US private equity firm
Schroders, the largest shareholder in UK bus and train operator FirstGroup, has urged it to reject a £1.2bn takeover bid…
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DWS chief exec says greenwashing allegations and personal attacks were a burden, ‘especially for my family’
The outgoing chief executive of DWS will tell shareholders at its upcoming annual general meeting that greenwashing allegations made against…
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Credit Suisse warns it is facing another loss in the second quarter
Credit Suisse has warned that it is facing another quarterly loss, as weak performance in parts of its investment bank…
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Here’s what the bipartisan crypto bill has in store for the CFTC, bitcoin and ether
A long-awaited bipartisan framework for US federal oversight of cryptocurrencies was unveiled on 7 June, and if passed by the…
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Stifel acquires mid-market boutique Acxit Partners in European push
US investment bank Stifel has added 50 dealmakers to its ranks in Europe through the acquisition of a boutique. The…
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Credit Suisse CEO Gottstein says he has ‘firepower’ to cut costs amid profit warning
Credit Suisse chief executive Thomas Gottstein said the bank has “firepower” to cut costs in frontline staff, and will scale…
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State Street rules out bid for Credit Suisse after report of takeover offer
State Street denies that it is set to bid for troubled Swiss lender Credit Suisse after a report of an acquisition sparked…
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BlackRock to expand proxy voting to large investors in Canadian, Irish funds
BlackRock is expanding a recently launched programme that gives some of its largest clients a direct say in proxy voting,…
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Crypto lender Celsius freezes withdrawals due to ‘extreme market conditions’
One of the largest crypto lenders, Celsius Network, told users on the night of 12 June that it is pausing all…
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Ex-Goldman Sachs dealmakers’ boutique pays London staff $10.2m after bumper year
A boutique investment bank started by a group of former Goldman Sachs bankers more than doubled profit in the UK last…
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Berenberg cuts 50 jobs in New York amid weaker markets
German bank Berenberg has laid off around 50 people in its New York office in the latest sign that investment…
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Charles Schwab pays $186m to settle robo-adviser issues
Charles Schwab will pay more than $186m to settle a regulatory investigation that found it didn’t adequately disclose how keeping…
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Coinbase slashes 1,000 jobs amid crypto crash: ‘A recession could lead to another crypto winter’
Coinbase is cutting 1,000 jobs – about a fifth of its employees – amid a meltdown in crypto and a…
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Helena Morrissey: ESG extremism isn’t helping anyone
Baroness Helena Morrissey has been an executive at multiple asset managers and is a noted City diversity campaigner ESG has…
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Fund-of-funds sector becomes more competitive after sluggish history
The inaugural HEC-Dow Jones Performance Ranking of Private Equity Fund-of-Funds 2021 has been dominated by US firms, which occupy all…
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HSBC promotes veteran dealmaker James Horsburgh to lead private capital unit
HSBC has named a senior dealmaker to lead its coverage of private capital as large investment banks look to drum up more…
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Dickson Minto founders step back as secretive private equity law firm eyes succession
The co-founders of the highly profitable private equity legal boutique Dickson Minto have stepped back from their executive roles, as…
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Credit Suisse bolsters UK investment bank with JPMorgan and BNP Paribas hires
Credit Suisse has hired a pair of senior dealmakers for its UK investment banking team as it looks to rebuild…
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Crypto CEOs told to display ‘a little humility’ as crash claims more than a thousand jobs
Charley Cooper, former chief operating officer at the US Commodity Futures Trading Commission, has a warning for crypto bosses as…
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Trading Places: HSBC bolsters green team, Citi’s European push continues, Nutmeg boss leaves
HSBC promoted one of its top investment bankers to lead a new team of dealmakers tackling sustainable finance — a key…
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Paul Hastings scoops London private equity partner from US rival Morgan Lewis
Paul Hastings hired private equity partner Tom Cartwright from rival US firm Morgan Lewis & Bockius in London as law…
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Weekend reads: What’s ahead for the stock market after that brutal first half of 2022
The first half of 2022 marked a big change for investors and consumers, as inflation reared its ugly head. It…
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Hedge fund adviser Patrick Ghali on crypto, ESG and why clients are dumping ‘any exposure to China’
Patrick Ghali, co-founder of hedge fund advisory Sussex Partners, talks with Financial News about how his clients are adapting to…
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Are financial markets closed July 4?
As the Independence Day holiday approaches, Americans are preparing for a long weekend of barbecues and fireworks shows to celebrate…
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JPMorgan hires Gokul Mani to lead emerging markets ECM unit
JPMorgan has hired a former Bank of America dealmaker to head up its equity advisory unit covering emerging markets following a…
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RH Gives Good Reason To Get Defensive
RH Confirms Retail Trends Are Worsening RH (NYSE: RH) was one of the biggest winners from the pandemic boom and…
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Crypto lender Celsius unlikely to get further investor funds for bail out
Investors in Celsius Network are unlikely to provide more financing to bail out the struggling cryptocurrency lender, said people with…
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Leon Black rebuffed in Apollo conspiracy claim
A federal judge dismissed a case brought by former Apollo Global Management chief executive Leon Black alleging that his former partner and…
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Jupiter’s CEO choice draws criticism from former board member
Jupiter’s decision to appoint Matthew Beesley as its next chief executive is unlikely to “fix” the problem of its plummeting…
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Santander names Héctor Grisi as new chief executive
Banco Santander named Héctor Grisi, its head of Mexico and North America operations as its new chief executive, as the…
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Crypto hedge fund Three Arrows mulls bailout as market sell-off batters investors
Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for…
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