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Evercore now offers the biggest salaries on Wall Street, with entry-level pay of $120,000, at least $10,000 above its rivals

Investment Banking Editor

For 20-somethings chasing big money in investment banking, it pays to go to the Big Apple.

Investment banks have been hiking salaries over the past three months in a bid to stem an exodus of junior bankers as brutal working weeks have stretched into 100-hours, leading to complaints from those at the bottom rung of the career ladder.

Here’s how Wall Street is crushing the City in the battle for junior bankers

Paul Clarke

Deutsche Bank

Goldman Sachs

HSBC

Credit Suisse

FN’s Rising Stars share when things have gone wrong

The Rising Stars of European Finance reflect on their biggest career challenges

Starting your first job in finance? Here’s some advice from FN’s rising stars

Trading Places: Barclays hires new M&A boss, Julius Baer restructures again

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Find out who is on the move in the City and beyond this week

HSBC hands Blackburn top risk role as shake-up continues

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The UK lender has given the leading compliance job to a 20-year veteran

Barclays hires Centerview dealmaker Woeber to lead global M&A

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The UK lender has tapped a veteran dealmaker to head up a key area of growth

Several big law firms are discussing $500 million in pro bono legal services with the White House to avert restrictions on their business, people familiar with the matter said.

By Emily Glazer, Josh Dawsey and C. Ryan Barber

Latham & Watkins, Simpson Thacher Near Deals With White House

Treasury Secretary Scott Bessent helped persuade the president to take some time and negotiate with trading partners in the face of pressure from business leaders.

By Annie Linskey, Josh Dawsey and Meridith McGraw

Why Trump Blinked on Tariffs Just Hours After They Went Into Effect

Generative AI is going to reinvent virtually every customer experience and enable entirely new ones that have only been dreamed about, Amazon.com Chief Executive Andy Jassy said.

Amazon CEO Says Generative AI Will Reinvent Every Customer Experience

Carney said the 90-day pause, and Trump’s pledge to negotiate new trading arrangements with dozens of countries, “will likely result in a fundamental restructuring of the global trading system.”

Trump’s Tariff Pause ‘Welcome Reprieve’ For Global Economy, Canada PM Carney Says

The BOE said that further sharp falls in asset prices are likely.

Bank of England Warns of Tariffs Threat to Stability of Global Financial System

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