Banking
- Finance
BNY Mellon hires Goldman veteran Dermot McDonogh for finance chief role
Bank of New York Mellon hired a Goldman Sachs veteran as its next finance chief, a move that comes after…
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FTX irks exchanges by pushing for crypto derivatives
The cryptocurrency exchange FTX is seeking a green light from regulators to let individual investors use derivatives to place leveraged…
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Bank of America hires Goldman dealmaker Nick Hopkins to cover technology
Bank of America has hired a Goldman Sachs dealmaker to bolster its coverage of technology companies in Europe. Nick Hopkins…
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Fed officials in June resolute in tightening into ‘restrictive’ territory despite risk of slower growth
Federal Reserve officials were resolute about the need to continue to hike their benchmark policy interest rate despite seeing downside…
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JPMorgan CEO Dimon says he’s ‘religious’ about paying bankers well
JPMorgan chief executive Jamie Dimon said he wants to “keep our best people” and is willing to pay up to do…
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U.S. service-sector activity expands at slowest pace since early 2021
The numbers: A closely-watched barometer of business conditions at service-oriented companies such as banks, retailers and hospitals fell 1.2 points…
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Social Security can pay full benefits until 2035 before trust funds are depleted – one year later than expected – but time is still running out
Social Security will live to see another year before its trust funds cumulatively run out of money, and Medicare Part…
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Fed’s Brainard says she doesn’t support a ‘pause’ in interest-rate hikes in September
Federal Reserve Vice Chairman Lael Brainard on Thursday said she didn’t think the central bank should pause its planned series…
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Bank of America hires JPMorgan’s Rahul Bhandari for private markets push
Bank of America has poached JPMorgan’s head of private capital markets in Europe, as banks in the region battle for…
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Brother and sister accused of $124m crypto scam advertised with Times Square billboard
A crypto-savvy brother-sister team has been accused of running a $124m scam on investors in a crypto-mining operation purported to…
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Spooked bank investors assess fallout as Russia sanctions ‘extended almost daily’
Shares of European banks plunged in the wake of unprecedented sanctions — dragging down shares of banks globally as investors assess which…
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Trading Places: JPMorgan metaverse chief departs, Alantra recruits dealmakers
JPMorgan’s long-serving head of Liink, as well as of metaverse and crypto at Onyx, a payment system for digital assets,…
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In 26 cities, buying a home is more affordable than renting. The bargain rents of 2020 are now long gone.
When it comes to rental rates, it’s definitely not 2020 anymore. The cost to rent a home is rising at…
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Blue Whale’s Stephen Yiu on dumping Meta stock and why ‘it will get worse’
One of the UK’s best-known retail fund managers is breathing a sigh of relief after dumping shares in Meta and PayPal…
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Russia-Ukraine tensions are a test of crypto’s mainstream adoption
The geopolitical tremors caused by Russia invading Ukraine are a test of whether cryptoassets have become as normalised as other…
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Private jets, Wimbledon and banker insults: The downfall of Credit Suisse’s António Horta-Osório
After relocating to Zurich last spring to run Credit Suisse Group as chairman, António Horta-Osório flew to London and Lisbon for…
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Boutique Perella Weinberg promotes four key dealmakers to partner
Boutique investment bank Perella Weinberg named four new partners in its first promotion round since going public last year. Former Credit…
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Why Fidelity is taking a chance on the Reddit army
Fidelity Investments Chief Executive Abigail Johnson, the granddaughter of the financial behemoth’s founder, checks the pulse of the investing world…
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Deutsche Bank’s dealmakers shine as profit hits 10-year high
Deutsche Bank capped its most profitable year in a decade as revenues within its investment bank surged and its hulking…
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Bank of America increases dealmaker bonuses by up to 50%
Bank of America’s bonus payments for dealmakers surged by as much as 50% in 2021 as large investment banks hiked…
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Silvergate Capital plans to buy some blockchain assets from Facebook’s Diem Group
Silvergate Capital shares surged in premarket trading on 1 February after announcing it was buying certain assets related to running…
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Trading Places: Credit Suisse brings in Triggle, UBS adds Lennehag
It’s been another week of people changing roles in the City. Here’s the roundup. Credit Suisse hired Kristian Triggle as…
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Boutique FT Partners sets new bar with $140,000 starting salary for junior bankers
A boutique investment bank run by a former Goldman Sachs banker has just upped the ante on junior pay as…
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Credit Suisse hires RBC dealmaker Triggle for financial institutions group as rebuild continues
Credit Suisse hired a senior investment banker for its team advising financial institutions in the UK, another recruit to replenish the unit…
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Barclays names new European leveraged finance chief as Susana Leith-Smith departs
Barclays has named a new head of leveraged finance in Europe, promoting a long-serving dealmaker who has managed the bank’s…
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Goldman Sachs extends junior pay rises to trading, asset management and wealth management
Goldman Sachs has bumped junior salaries for some employees in its sales, trading, research and asset management units, as pay…
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T-Mobile is investigating a hack of 54 million people’s data — here’s what to do if you think your data was exposed
T-Mobile is investigating a hack of personal data involving about 54 million of its current, former and prospective customers. The…
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Weekend reads: What to do if a company you trust has failed to protect your personal data
There’s never a shortage of trouble in the world, but if a data breach causes your personal information to be…
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PJT Partners hikes junior salaries as boutiques edge ahead of larger rivals
PJT Partners has raised entry-level salaries for its London juniors to £70,000, putting the boutique among the highest paying banks…
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Goldman Sachs promotes partner Hermann to board of European bank
Goldman Sachs has promoted a long-serving partner to the board of its European bank as the unit becomes more important…
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The City has the richest bankers, but Brexit sees 100 flee
Nearly 100 top-earning bankers left the UK for other European Union countries ahead of Brexit, new figures from the European…
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Standard Chartered scraps academic bar in bid to attract diverse apprentice pool
Standard Chartered is offering a route into a front-line investment banking job for those from lower socio-economic backgrounds by scrapping the…
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Will a government venture capital fund really help private investors?
It is hard to overstate how far the European venture capital industry has come since the turn of the millennium. Although…
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Vaccine rollout helps end dry spell for UK equity fund inflows
Investment funds that invest specifically in UK-listed companies turned a corner in February, with the rapid rollout of Britain’s Covid…
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25 stocks of companies backed by rapid earnings growth as the economy reopens
With the pace of new COVID-19 cases slowing, many investors expect economic growth to accelerate over the course of 2021.…
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