Banking
- Finance
Barclays hires HSBC’s Aamir Khan to bolster M&A after departures
Barclays has continued its European hiring spree with the appointment of a senior dealmaker covering UK takeovers. The bank has…
Read More » - Finance
Barclays just promoted 85 to managing director — here are the names
Barclays just promoted 85 to managing director within its corporate and investment bank as firms work harder to retain talent…
Read More » - Finance
JPMorgan nears $200m settlement over failure to monitor traders’ chats
JPMorgan is nearing a deal to pay a $200m fine and admit that it failed to properly monitor employees’ messages,…
Read More » - Finance
Banks can’t wait for perfection on ESG standards
Tracey McDermott is group head of conduct, financial crime and compliance at Standard Chartered, chair of the Net-Zero Banking Alliance, and former…
Read More » - Finance
HSBC clients must publish coal exit strategy by 2023, or face losing finance
HSBC’s clients must publish a plan to exit coal by the end of 2023, or the bank could cut their financing. “If no…
Read More » - Finance
Moelis & Co hires dealmaker James Nichols to bolster London team
Independent investment bank Moelis & Co has bolstered its London operation with a managing director covering the business services sector.…
Read More » - Finance
Zopa co-founders speak out against fintech’s peer-to-peer exit
The original founders of peer-to-peer lending pioneer Zopa spoke out against the firm’s decision to exit the industry, arguing that the…
Read More » - Finance
JPMorgan orders unvaccinated staff in New York to work from home
JPMorgan told unvaccinated employees in New York that they must work from home starting on 14 December. The bank had…
Read More » - Finance
Bank mergers risk delays as Biden administration shows its hand
Democratic members of the Federal Deposit Insurance Corporation are pushing to review regulations around big-bank mergers, showing the Biden administration’s wider…
Read More » - Finance
Credit Suisse just named 208 MDs — here are the names
Credit Suisse has named 78 managing directors within its investment bank, as firms have increased their promotion numbers amid a…
Read More » - Finance
Bitcoin firm NYDIG raises $1bn in blockbuster funding round
New York-based bitcoin firm NYDIG said on 14 December that it had raised $1bn at a valuation of more than $7bn,…
Read More » - Finance
JPMorgan hands investment bank boss Daniel Pinto a $25m retention package
JPMorgan has handed Daniel Pinto, the chief executive of its corporate and investment bank, stock awards worth around $25m in…
Read More » - Finance
GAM and ex-star manager who ran Greensill fund fined £9m over conflicts of interest
The City watchdog has fined Swiss asset manager GAM £9.1m and its former star manager Tim Haywood £230,037 for “conflicts of interest…
Read More » - Finance
Top execs at PGIM, Citi, JPMorgan and more on how inflation will shape markets in 2022
The Federal Reserve has paved the way for multiple rate hikes. The Bank of England has upped its benchmark to 0.25%…
Read More » - Finance
JPMorgan rehires Marc Hussey to lead Irish operations as 30-year veteran Carin Bryans retires
JPMorgan has rehired a senior banker to lead its business in Ireland as its current chief prepares to step down…
Read More » - Finance
HSBC hires Nomura’s Chris Fincken for ongoing UK dealmaker expansion
HSBC has hired another senior dealmaker to bolster its investment bank in the City, part of an ongoing expansion of…
Read More » - Finance
Barclays set to join bank bonus race with 25% payout
Barclays is set to hike bonus payments by more than 25% in its corporate and investment bank, as firms battle…
Read More » - Finance
Bankers quit to freelance in revolt against burnout: ‘I can go to dinner with my girlfriend on Saturday night’
For the past six months, Naomi Roba has spent up to four hours a day training at a running camp…
Read More » - Finance
HSBC fined £64m for failings in its anti-money laundering processes
The City watchdog has fined HSBC £63.9m for “serious weaknesses” in its anti-money laundering processes. The Financial Conduct Authority said in…
Read More » - Finance
Bank of England set for more powers over clearing and settlement
The Bank of England is set to get more powers to regulate clearing and settlement houses under plans announced by the…
Read More » - Finance
Crypto traders don’t pay much attention to Wall Street advice — maybe they should
Bitcoin proponents talk about the cryptocurrency hitting $1m or even its total value reaching $300tn. The most enthusiastic “apes” claim to…
Read More » - Finance
Kempen’s UK boss on the future of fiduciary management amid regulatory disruption
This year has been a landmark one for fiduciary managers — the firms offer advice and investment management for pension…
Read More » - Finance
Top Credit Suisse investor backs board to ‘revitalise’ bank after Horta-Osório exit
A major Credit Suisse shareholder said he hopes the Swiss bank will be “revitalised” following another shake-up of its board…
Read More » - Finance
Trading Places: Citi, Barclays name MDs, Credit Suisse hires wealth boss
It’s been a big week for promotions in the City as banks make their year-end appointments of new managing directors…
Read More » - Finance
Robey Warshaw hikes partner pay to £30m as profits rebound
Robey Warshaw, the boutique that has advised some of the biggest UK takeovers alongside larger rivals, hiked pay for its top dealmakers…
Read More » - Finance
Citi, Oliver Wyman and more top execs on the ‘black swans’ of 2022
It has been a wild year. Few could have predicted the impact Covid-19 would have — and is continuing to have.…
Read More » - Finance
BNP Paribas AM boss: How technology and sustainability will transform investing in 2022
Sandro Pierri is the CEO of BNP Paribas Asset Management The asset management industry has good fundamentals, but faces increasing…
Read More » - Finance
Alantra adds four senior dealmakers to launch new team
Mid-market investment bank Alantra has recruiter four senior dealmakers for a new team covering the maritime sector as it continues…
Read More » - Finance
Banks halt Brexit relocations as European hiring seen ‘rapidly’ ramping up next year
Investment banks have scaled back their planned Brexit-related staff moves over the course of 2021, but senior dealmakers have warned…
Read More » - Finance
Former City minister Paul Myners dies aged 73
Lord Paul Myners of Truro, the former City minister who was brought in by Gordon Brown’s Labour government to tackle…
Read More » - Finance
BNP Paribas agrees to $16.3bn sale of Bank of the West to BMO Financial Group
BNP Paribas said on 20 December that it has agreed to sell Bank of the West to Bank of Montreal’s BMO Financial…
Read More » - Finance
HSBC hands Guyett sole charge of investment bank as Elhedery takes six-month sabbatical
Greg Guyett will take sole charge of HSBC’s investment bank for six months as his co-head Georges Elhedery steps back for…
Read More » - Finance
LSE suggests special market for private companies
The London Stock Exchange Group is seeking to blur the line between public and private companies, part of a plan to attract…
Read More » - Finance
JPMorgan’s investment bank pay swells to record $13bn as dealmaking surges
Pay within JPMorgan’s corporate and investment bank swelled to new highs as dealmakers hauled in record fees in 2021. The US…
Read More » - Finance
Citi dealmakers drive 78% surge in revenue as fixed-income sales slip
Citigroup’s dealmakers helped offset a slide in fixed income revenue in 2021, as investment banking fees surged to record highs.…
Read More » - Finance
JPMorgan brokerage unit fined $200m after failure to monitor WhatsApp, other messaging apps
The brokerage arm of JPMorgan on 17 December agreed to pay $200m in fines and admit that it failed to…
Read More » - Finance
Standard Chartered fined £45m for ‘failing to be open and cooperative’ with the banking watchdog
The Prudential Regulation Authority slapped Standard Chartered with a £45.55m fine for regulatory reporting issues and for “failing to be…
Read More » - Finance
Bank of America names new European fixed-income leaders
Bank of America has named new co-heads of its fixed income division in Europe, and promoted a key executive to oversee…
Read More » - Finance
How bitcoin’s ‘one percent’ control the lion’s share of the cryptocurrency
It’s good to be the bitcoin 1%. The top bitcoin holders control a greater share of the cryptocurrency than the…
Read More » - Finance
Lincoln International’s new CEO on how he almost tripled M&A fees: ‘This year wasn’t just an anomaly’
Rob Brown has been at the helm of mid-market investment bank Lincoln International for two months, the first new chief…
Read More » - Finance
US lawmakers pushing for light-touch crypto rules also own digital assets
Senators Pat Toomey and Cynthia Lummis sit on the powerful Senate Banking Committee and have been advocates for a light…
Read More » - Finance
What will 2022 hold for crypto regulation?
Douglas Robinson is managing associate at law firm Simmons & Simmons The biggest themes we are seeing are the impact…
Read More » - Finance
Bank veteran Bob Wigley on 100-hour weeks: ‘I didn’t go home for two years. I worked non-stop’
Bob Wigley, the chair of UK Finance, knows all about the long-hours culture in banking that has been such a…
Read More » - Finance
Can Wall Street’s hot streak continue in 2022?
Wall Street has enjoyed a second straight year of feverish revenue growth. As 2022 approaches, however, big banks face a…
Read More » - Finance
Crypto, Elon Musk and neobanks: Best of the Fintech Files 2021
2021 was a wild year for the City and Wall Street, but was even wilder in the world of financial…
Read More » - Finance
JPMorgan’s WhatsApp fine shows compliance nightmare as banks spy on traders — Here’s what you need to know
JPMorgan’s $200m in fines to the US banking regulator for failing to keep track of workers’ use of personal messaging apps…
Read More » - Finance
PRA slaps Metro Bank with £5.4m fine for ‘inaccurate’ reporting
The Prudential Regulation Authority has fined Metro Bank £5,376,000 for “failing to act with due skill, care and diligence” in its regulatory…
Read More » - Finance
Why bank stocks are at the mercy of the Fed next year
Next year, a Democratic appointee is set to once again be leading bank supervision at the Federal Reserve. Times are…
Read More » - Finance
Citi continues withdrawal from consumer banking as Philippines unit sold
Citigroup agreed to sell its consumer-banking business in the Philippines to a local lender, pressing ahead with its strategy to exit…
Read More » - Finance
Cryptos and NFTs: A 2021 rollercoaster in charts
Cryptocurrencies made their way onto the main stage in 2021, catching the eyes of banks and institutions as well as retail investors.…
Read More »
