Banking
City hiring plummets to four-year low as firms grapple with economic uncertainty
Banks, fund managers and wealth firms among those cutting jobs
2 min read
Meet the leaders shaping the booming private equity secondaries sector
FN’s sister title Private Equity News has recognised the people behind the growth of the market
1 min read
Financial regulators should be wary of private credit
Regulators need to ensure a level playing field between banks and private credit
4 min read
JPMorgan boss Jamie Dimon to meet chancellor Rachel Reeves ahead of Labour government’s first Budget
Dimon will be accompanied by Filippo Gori, JPMorgan’s CEO of Emea and co-head of global banking
2 min read
Trading Places: Houlihan Lokey, Paul Weiss and Grant Thornton boost their ranks
Find out who is on the move in the City and beyond this week
2 min read
City firms keep quiet about DE&I spend and staffing
A&O Shearman and Santander were the only firms to disclose headcount in their dedicated DE&I teams when asked by FN
4 min read
Bank of America hires new head of Asia payments
BofA’s corporate payments business took in $2.6bn in the second quarter as bank looks to bolster digital growth
1 min read
Biggest banks can withstand severe downturn, $685bn in losses, US Fed says
Latest stress tests find banks remained above minimum capital requirements
3 min read
Trading Places: UBS’s great shake-up, Esposito heads to Miami
Find out who is on the move in the City and beyond this week
2 min read
ABN AMRO to buy private German bank for $730m
The Dutch bank is acquiring Hauck Aufhauser Lampe from Chinese conglomerate Fosun International
1 min read
Finance’s AI job cull fears are overblown, tech leaders say
Ninety percent of City jobs will change, but many won’t be axed completely
3 min read
Banks face another warning to crack down on private markets ties
New Basel Committee on Banking Supervision guidelines target exposures to non-bank counterparties
Deutsche’s drinking solution and Goal-dman’s footy finance: April’s diary
FN takes a tour to the lighter side of the City
Morgan Stanley’s wealth arm probed by multiple federal regulators
Focus is on whether firm sufficiently vets clients for money-laundering risk
The merchant banker who could win the Masters
Stewart Hagestad is a player unlike any other. The 33-year-old amateur will compete at Augusta National this week, then head back to his day job on Wall Street.
Big US banks are healthy. Earnings will show any ills
JPMorgan, Citigroup, Bank of America and Wells Fargo set to release first quarter results over the next week
4 min read
Lloyds Bank slashes risk management jobs in bid to speed up progress
Lloyds Banking Group to cut risk management roles as it shakes up the unit
2 min read
RBC’s female CFO firing highlights awkward truth of secret office relationships
Nadine Ahn was fired after a probe into an undisclosed personal relationship
3 min read
Paragon Bank auditor fired for whistleblowing, tribunal told
Internal auditor claims concerns over accuracy of reports were ignored by management
3 min read
Sir Richard Branson set for £670m payout from Nationwide’s Virgin Money takeover
Branson will also receive royalties of £15m per year for the use of the Virgin brand
2 min read
