News
UBS executives: Wealth ‘referral awards’ don’t work
Swiss firm set up cross-divisional wealth unit last summer as rivals tempt dealmakers with bonuses to refer rich clients
3 min read
Aberdeen, Polar Capital signal ‘turning point for Europe’ in wake of US tariffs
Investors echo recent comments from BlackRock CEO Larry Fink that Europe could emerge as a ‘better destination for capital’
3 min read
Citi strikes partnership with Palantir to bolster wealth tech
Wall Street bank says tie-up with data intelligence firm will ‘modernise’ how it leverages data, streamline onboarding and help with account management
2 min read
Ex-staff criticise A&O Shearman’s ‘shocking’ Trump deal
Catch up on this week’s top legal news
3 min read
Can Trump’s tariffs help European banks steal a march over Wall Street rivals?
Three takeaways from bank earnings
5 min read
Ray Dalio’s former right hand man on tariffs: ‘No one had real edge in predicting what would happen’
Bob Elliott said that the hedge funds were wrong-footed during the US trade war, which is far from over
2 min read
BlackRock rejigs global emerging markets team with new London and Hong Kong units
Changes see the creation of two separate teams to oversee the asset manager’s emerging markets capabilities from Asia and the UK
2 min read
Morgan Stanley hikes bonuses for top UK investment bankers by 67%
The Wall Street bank has paid its material risk takers an average of £1.5m after a bumper 2024
2 min read
Brooks Macdonald’s assets hit £19bn despite persistent outflows
CEO Andrea Montague promises return to positive flows later this year despite increased volatility from Trump’s tariffs
2 min read
EY investigated over Post Office audits following Horizon IT scandal
Hundreds of sub-post masters were prosecuted using faulty data in a major miscarriage of justice
2 min read
Wall Street bank bosses eye further stock trading gains after record $16bn quarter
Five biggest US banks enjoyed boom in stock trading revenue in first quarter
3 min read
LSEG poaches S&P executive to co-head data and analytics
Bourse owner taps Gianluca Biagini and Ron Lefferts to lead key unit
Citigroup dealmakers post 14% fee rise as traders beat expectations
The US bank has notched a bigger rise than its rivals, as M&A fees jumped 84%
Raymond James hunts for new UK wealth boss as Paul Abberley exits
Kim Jenson will replace Charles Stanley veteran on an interim basis
Crypto hedge funds battle to stay positive after tariffs hit markets
Your guide to the week’s biggest fintech stories
Bank of America’s stock traders book record quarter as markets swing
US bank joins rivals in reporting blow-out quarter for trading fees
2 min read
Lazard hires HSBC dealmaker Altajir to lead new Abu Dhabi office
The investment bank is bolstering its presence in the Middle East
1 min read
Private equity firms to slow wealth deals after UK boom: ‘It’s been like stacking shelves’
Why a red-hot market might start to cool
3 min read
Wall Street bank executives say M&A is paused, not slumping because of tariffs
Top bankers say that appetite for deals remains despite the uncertainty caused by US policy
3 min read
KKR to buy post-trade services firm OSTTRA in $3.1bn deal
S&P Global and CME Group to sell joint venture established in 2021
2 min read
