Financial Investment Services
- Market
The S&P 500 is trading in bear-market territory. How far could it fall?
The S&P 500 index on Friday traded below the threshold that will mark a bear market if losses hold through…
Read More » - Market
Here’s the real reason the stock market is coming unglued — and it isn’t because of weak earnings
An earnings recession is not the biggest threat facing the stock market right now. That may seem a curious assertion…
Read More » - Market
How long does the average bear market last? Selloff leaves Dow, S&P 500 near threshold.
If the S&P 500 does enter a bear market, past experience suggests it could last awhile. Back-to-back drops left the…
Read More » - Market
Tesla Loses Top Spot in Cathie Wood’s Flagship Fund. This Stock Is the New No. 1.
Cathie Wood Courtesy of ARK ARK Invest founder Cathie Wood is a long-time Tesla bull. Her 2026 price target for…
Read More » - Finance
Trading Places: Credit Suisse nabs Barclays’ Moreno, Jefferies hires Lambert, SocGen’s Oudéa to step down
It was a tough week for Barclays. Credit Suisse poached Nacho Moreno, the head of investment banking at Barclays in Spain,…
Read More » - Finance
Credit Suisse hires Barclays’ Nacho Moreno to head Spain and Portugal dealmaking
Credit Suisse has poached the head of investment banking at Barclays in Spain, the latest senior hire at the Swiss…
Read More » - Finance
City influencers celebrate Financial News’ 25th anniversary
Some of the highest-profile names in the City gathered to mark 25 years of Financial News on 17 May. From…
Read More » - Finance
Brookfield Asset Management makes £4bn swoop for HomeServe
Brookfield Asset Management has agreed to buy London-listed repair services company HomeServe in a £4bn deal. The Canadian alternative investment giant…
Read More » - Finance
Goldman Sachs adds 350 bankers in Europe as Brexit plans rolled out
Goldman Sachs bolstered its EU operations by 350 staff last year, as major investment banks face increasing pressure to shift staff to…
Read More » - Market
Markets haven’t acted like this since 1981 — and here’s how that played out
You have to go all the way back to 1981 when stocks, bonds, inflation-protected bonds and industrial metals were all…
Read More » - Finance
Axa IM eyes launch of new private markets business
Axa Investment Managers, the €864bn fund management unit of the French insurance group, plans to establish a new business unit…
Read More » - Market
A ‘summer of pain’? The Nasdaq Composite could plunge 75% from peak, S&P 500 skid 45% from its top, warns Guggenheim’s Scott Minerd.
The carnage playing out in the U.S. stock market on Wednesday is likely an amuse-bouche compared with the devastation on…
Read More » - Finance
Citi’s new Malaga hub attracts 3,000 applicants, including ex-footballers and Olympians
Citigroup received over 3,000 applications for its new graduate programme in the Spanish city of Malaga — a sign the bank’s…
Read More » - Finance
Societe Generale chief executive Frédéric Oudéa to step down next year
Frédéric Oudéa, chief executive of French bank Societe Generale, is set to step down from the bank next year, calling…
Read More » - Finance
Schroders eyes some embattled Faangs as tech names approach value stock territory
The sell-off that has wiped more than $1tn from the market value of the world’s technology giants could see some…
Read More » - Finance
Barclays investment bank vice chair Mark Astaire quits industry after 35 years
Barclays’ vice chair of investment banking in Europe is leaving the sector after 35 years in the latest change in…
Read More » - Finance
Nomura to launch new firm to scale up offerings in crypto, DeFi and NFTs
Nomura said it is launching a new digital assets company to provide its institutional clients with crypto trading services. The new…
Read More » - Finance
Goldman Sachs reports fewer Black leaders in US offices
The number of senior Black employees at Goldman Sachs in the US shrunk last year, as large investment banks face challenges to…
Read More » - Finance
Barclays hires Goldman’s Aytac Ilhan as equities push continues
Barclays has hired a senior strat from Goldman Sachs to head up its quantitative trading unit, the latest recruit at…
Read More » - Finance
LGIM piles pressure on boardroom diversity and pay
Legal & General Investment Management, the UK’s largest fund management group, ramped up its opposition to companies falling short on…
Read More » - Finance
In shock U-turn, London Metal Exchange says CEO Chamberlain to remain in post
Matthew Chamberlain, the chief executive of the London Metal Exchange who was set to depart for a cryptocurrency venture at…
Read More » - Market
Western Digital stock shoots toward best day in two years after activist pushes for business split
Shares of Western Digital Corp. were rocketing in Tuesday trading after Elliott Investment Management issued a call for the chip…
Read More » - Finance
HSBC’s top shareholder Ping An urges bank break up
HONG KONG — China’s Ping An Insurance has quietly taken up the role of shareholder activist, putting pressure on HSBC…
Read More » - Finance
Schroders ties staff comp to ESG goals — here’s how this will impact pay
Schroders has linked fund manager and analyst remuneration to sustainability goals, as it rolls out a new company-wide “engagement blueprint”.…
Read More » - Finance
JPMorgan AM’s Kristian West: Differences between us and tech giants ‘less than you’d imagine’
JPMorgan Asset Management has for several years been placing greater emphasis on data science and analytics to give its portfolio…
Read More » - Finance
Goldman chief takes cut of private investment funds
David Solomon is getting a bigger slice of Goldman Sachs’s private equity profits. The Goldman Sachs chief executive and a tight…
Read More » - Finance
What the crypto selloff means for Coinbase, Silvergate and Riot Blockchain
The picks and shovels of the cryptocurrency world have been a worse bet lately than cryptocurrencies themselves. The cryptocurrency market…
Read More » - Finance
Bank of America joins Wall Street’s profit rout with 12% drop
Bank of America reported a 12% drop in first-quarter profit on 18 April, marking the end to an underwhelming earnings season…
Read More » - Finance
HSBC plans hiring spree in bid for Asian wealth
HSBC will hire rapidly in its Asian wealth business in 2022, building on last year’s brisk expansion, and remains open to…
Read More » - Finance
XTX Markets’ Zar Amrolia steps down as co-CEO, JPMorgan’s Buehler named deputy chief
Zar Amrolia, who co-headed Deutsche Bank’s fixed income unit and led its hulking FX trading division, will leave XTX Markets next…
Read More » - Finance
Crypto platforms vie for big traders in a crowded space
New crypto exchanges are popping up everywhere. And with large professional traders sticking mostly with two tokens – bitcoin and…
Read More » - Finance
Deutsche Bank set to face investor lawsuits over allegations it enabled US Ponzi scheme
Judges in New York and Miami ruled that investor lawsuits could advance against Germany’s Deutsche Bank for allegedly ignoring warnings…
Read More » - Finance
Citigroup hires Bank of America’s Richard Abel for corporate broking in UK push
Citigroup has hired a managing director from Bank of America to bolster its corporate broking business as it continues to…
Read More » - Finance
Deutsche Bank hires UBS’ Sebastiaan van Loon to lead real estate in Europe
Deutsche Bank has hired a senior UBS dealmaker to head up its coverage of real estate, gaming, lodging and leisure…
Read More » - Market
Royal Bank of Canada Agrees Offer for Brewin Dolphin
By Ian Walker Brewin Dolphin Holdings PLC said Thursday that it has agreed to a 1.6 billion-pound ($2.10 billion) takeover…
Read More » - Finance
FN25: Xavier Rolet on battling Brexit and the future of London
As part of our 25th anniversary celebrations, Financial News has profiled 25 of the most influential figures in the City over the…
Read More » - Finance
Morgan Stanley enlists bankers to mentor recruits from underprivileged backgrounds
Morgan Stanley has enlisted 300 of its mid-ranking bankers for a new programme that aims to increase the number of…
Read More » - Market
Tesla is one of only 11 stocks in the S&P 500, excluding energy, that enjoys this critical support
A stock split for a rapidly growing company can be a catalyst for its shares. Even though the split doesn’t…
Read More » - Finance
The LME made a hash of it — but nickel traders were warned
Traders on the London Metal Exchange may be furious. But they can hardly claim they weren’t warned. Laying out its…
Read More » - Finance
Why financial advisers are still conflicted over crypto
Investment advisers are still conflicted about putting clients into crypto. A January survey from BitWise Asset Management of 600 financial…
Read More » - Finance
International Women’s Day: Who will make Financial News’ list of leaders?
Finance has long been criticised for its lack of gender diversity. Few women hold leadership roles. There are some, however, who…
Read More » - Market
Gazprom, Lukoil and Sberbank are now penny stocks as Russian companies collapse in London
Russian natural-gas giant Gazprom, oil-producer Lukoil and leading bank Sberbank are all penny stocks based on their trading on the…
Read More » - Finance
Meet six former bankers who quit for crypto: ‘My phone rings off the hook’
Bankers are ditching mainstream finance for cryptocurrency jobs — seeking more excitement and higher rewards in a sector dubbed the…
Read More » - Finance
UBS chief executive special adviser Huw van Steenis steps down
Huw van Steenis, the special adviser to UBS’s chief executive and a leading expert on financial services and ESG, is…
Read More » - Finance
JPMorgan donates $1m, rolls out employee matching programme for Ukraine relief effort
JPMorgan is donating $1m and matching contributions from employees to aid the humanitarian crisis in Ukraine after Russian forces invaded…
Read More » - Finance
Abrdn brings bonuses back after profits jump 47%
Abrdn, the UK-listed asset manager, plans to pay bonuses to the majority of its staff again after an almost 50%…
Read More » - Finance
PJT Partners offers onsite therapist to London dealmakers as banks fear well-being crisis
Boutique PJT Partners is trialling an onsite therapist for its dealmakers in London, as investment banks roll out new benefits…
Read More » - Finance
Rothschild hikes bonus pool by 67%, rolls out special awards for dealmakers
Rothschild & Co has increased its bonus pool by nearly 70% and rolled out a new long-term incentive scheme for…
Read More » - Finance
Citigroup and Deutsche Bank keep Ukraine offices open after Russia invasion
International investment banks with operations in Ukraine are keeping their offices open following the Russian invasion of the country. With…
Read More » - Finance
Lincoln International hires three senior dealmakers to cover financial institutions
Mid-market investment bank Lincoln International has hired three senior dealmakers to kick-start a new team covering financial institutions. The bank…
Read More »
