Investment Banking
UBS CEO on investment bank: ‘Shrinking is not an option’
Despite a reduction in investment banking fees, Sergio Ermotti says the bank remains committed to growth
2 min read
Deutsche Bank promotes Fratepietro and Lewellen to lead global DCM
The German lender has shaken up the senior ranks of its investment bank
1 min read
HSBC CEO ‘comfortable’ City offices will house staff despite desk shortage
The UK lender will use multiple locations to accommodate UK employees as it prepares to move to a new HQ
2 min read
UBS investment bank notches profit increase as dealmaking fees slide 30%
A surge in trading revenue offset a sharp decline in investment banking during the second quarter
2 min read
Evercore buys boutique Robey Warshaw for £146m in major UK push
The US-headquartered bank has bought a mainstay of UK boardrooms
3 min read
HSBC corporate and institutional banking unit slips 4% despite trading uptick
The UK lender’s newly merged division brought in pre-tax profit of $2.8bn during the second quarter
2 min read
PJT Partners revenue hits record $407m, up 13% after hiring spree
The boutique investment bank has continued to grow revenue despite trade war concerns
1 min read
HSBC asks managing directors to come into the office four days a week
The UK lender is tightening its policies for its senior employees
1 min read
Barclays traders fuel 21% investment bank jump as dealmaking fees slide
Barclays has followed US rivals with a sharp uptick in trading revenue amid volatile markets
3 min read
Top Citigroup banker Drury leaves to take CIO role at AI firm Poolside
The Citigroup lifer is departing after 30 years for a role at an emerging technology firm
3 min read
Rothschild & Co hires ex-Perella banker Klaassen in private markets push
The independent investment bank has named the private capital markets veteran to lead its distribution efforts
1 min read
Nomura wholesale boss Willcox: ‘Boring’ approach key to growth
Nomura is looking to bolster profit within its wholesale unit by 15-20% and is investing in new businesses. But Chris Willcox is emphasising consistency
Trading Places: Barclays hires ex-Numis chief, Kirkoswald adds ex-HSBC trader
Find out who is on the move in the City and beyond this week
Mizuho acquires boutique Augusta & Co in clean energy push
The Japanese bank is expanding its dealmaking arm
Moelis plans ‘very aggressive’ push into private capital after hiring spree
The boutique investment bank has seen compensation costs swell 27%
Lazard raises minimum deal fee, hires 14 MDs in productivity push
The independent investment bank unveiled a 21% uptick in financial advisory revenue despite an M&A slowdown
3 min read
BNP Paribas fixed income trading jumps 26% as equities slide
Th French bank has posted a bounce in fixed income fees, but equities revenue dropped 15%
2 min read
Deutsche Bank’s dealmaking fees slip 29%, as fixed income traders shine
The German lender has posted a steep decline in dealmaking fees after Wall Street rivals’ revenue held up
2 min read
Goldman Sachs decides against job cuts after profit surge in second quarter
The Wall Street bank is not cutting jobs in September after it beat analyst expectations during the second quarter
1 min read
Barclays hires Deutsche Numis co-CEO Ham in dealmaking push
The UK lender is looking to bolster its advisory and ECM fees
2 min read