Applenews
Active funds flows bounce back during first half of 2025
Despite an uptick in net flows for active funds, passive products gathered a larger share of new money between January and the end of June
3 min read
Schroders posts net outflows of £1bn during first half as transformation costs hit pre-tax profit
UK-listed asset manager said costs associated with its turnaround plan meant statutory pre-tax profit was down 29% over the six month period
2 min read
Societe Generale’s equities fees slip 3% as revenue beats expectations
The French bank did not follow rivals with sharp gains in stock trading revenue
1 min read
Citigroup hires UBS dealmaker Fremy to lead European transportation
The US bank has been on a hiring spree of senior bankers
1 min read
Why is private equity a top priority for law firms?
Catch up on this week’s top legal news
2 min read
PE lawyer hiring frenzy: ‘It hasn’t reached full maturity in London’
Private equity partner moves are set to reach a new high this year
4 min read
Aberdeen CEO says ‘headroom’ exists to cut costs further
Jason Windsor said while the asset manager was on track to cut £150m in costs, it continues to look for ‘opportunities’ to continue lowering expenses
2 min read
Why Evercore’s £146m Robey Warshaw deal could end up being a bargain
The pair have secured a big pay day and a safe home for their boutique
2 min read
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’s private bank under investigation by Swiss and French authorities
Lender’s Swiss private banking arm hit by money laundering allegations in connection with ‘two historical banking relationships’
1 min read
Aberdeen posts net outflows of £900m during first half
Despite net outflows, the Edinburgh-headquartered asset manager recorded a slight uptick in assets under management
Rathbones launches £50m share buyback
UK wealth manager prepares for new growth era as long-time chief executive Paul Stockton steps down
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
Blackstone’s Wesley LePatner named among victims in Manhattan shooting
‘Brilliant, passionate, warm, generous, and deeply respected’: Private equity firm pays tribute to senior managing director
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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
Aviva Investors eyes LTAFs for wealth market
The UK asset manager is considering expanding the reach of its LTAF range, which currently targets corporate defined contribution schemes
3 min read
Crypto market absorbs $9bn bitcoin sale with ‘barely a blip’
Your guide to the week’s biggest fintech stories
3 min read
