News
Bank of America ups cap on bonuses for top UK employees to 10 times salary
The US bank has joined Wall Street rivals by scrapping a long-standing cap on bonuses for key UK staff
2 min read
European banks notch $5.5bn in Trump stock trading boost
Trading windfall set to continue in second quarter as tariffs rattle markets
2 min read
FCA scraps SDR rollout for wealth managers
Watchdog leaves portfolio managers in limbo after indefinitely postponing SDR
2 min read
Barclays CEO says diversity commitment ‘unwavering’ despite scrapping US goals
The UK lender followed some rivals by scrapping formal diversity targets in the US
1 min read
Aberdeen blames single Phoenix mandate for £5.2bn outflows in first quarter
The results come after Aberdeen said at the start of March that it was ditching the much-derided Abrdn brand
3 min read
Barclays investment bank profit jumps 28% on trading gains
The UK lender has followed rivals by posting sharp increases in trading revenue as US president Donald Trump’s policies have led to market swings
2 min read
SocGen stock traders join Trump-fuelled boom with record quarter
French bank’s profit beats estimates, helped by bumper markets revenue
2 min read
UBS traders fuel 30% increase in investment bank revenue on volatility gains
The Swiss bank has followed Wall Street rivals with a sharp rise in trading fees, but dealmaking is down 19%
3 min read
JPMorgan, Wells Fargo and Citi lead race for AI talent as job numbers swell
AI recruitment has increased 13% over the past six months as banks have cut employees
2 min read
Stifel cutting London jobs in European shift away from equities
The US investment bank is moving towards an “advisory-led” business in Europe
2 min read
DWS chief says US tariffs have prompted ‘repatriation’ of client assets to Europe
Stefan Hoops says asset manager is in ‘a strong position’ to benefit from the shift of capital from US to Europe
2 min read
PJT Partners’ dealmaking revenue stays steady at $325m
Boutique bank sticks to its full-year outlook, despite Trump tariff impact
HSBC names new CEO for Europe, UK fund management business
Thorsten Michalik takes on oversight of asset management business in the UK, Europe and Americas
Clifford Chance promotes 31 new partners in expanded round
Magic Circle law firm adds 12 partners in London
Singer Capital Markets taps Davy dealmakers to lead investment banking
City broker shakes up investment banking roles after review of business
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Deutsche Bank fixed income traders push investment bank to 10% gain
The German lender’s fixed income traders posted a record quarter, while its dealmakers were down 8%
2 min read
HSBC books $200m in severance costs after shuttering some investment banking teams
The bank beat analyst expectations with $9.5bn in pre-tax profit
3 min read
Fund groups urged to ‘reinvent’ themselves after stock markets boost revenue growth
Assets and revenue climbed in 2024 thanks to soaring markets
3 min read
Sidley hires Weil funds partner trio in London
Weil’s global funds co-head leads team to rival US law firm in London
2 min read
Ex-Millennium portfolio manager joins crypto hedge fund Fasanara Digital
Jerome Busca, who most recently worked at JB Quantitative Solutions, has joined Fasanara Digital’s London office
1 min read
