Integrated Banks
- Finance
Credit Suisse re-hires Scott Bardo in healthcare dealmaking push
Credit Suisse has re-hired a senior dealmaker to co-head its coverage of healthcare companies in Europe, as the Swiss bank continues…
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Barclays names former finance minister François Baroin as chair of France
Barclays has named another senior executive for its expanding European investment bank, promoting former politician François Baroin to chairman of…
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Citi asks London staff to return to office as Covid restrictions lift
Citigroup has told its London staff to come into the office at least three days a week, after the UK…
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Citi set to get tougher on oil and gas clients
Citigroup will be tougher on clients in the oil-and-gas industry, changing the way the bank asks Big Oil to measure…
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Omicron spoils bankers’ Christmas as UBS, JPMorgan rip up plans
Travel bans, cancelled parties and virtual festive gatherings — City firms are ripping up their Christmas plans in the wake of…
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JPMorgan’s Charlie Jacobs on how Brexit will keep fuelling a ‘stronger than ever’ UK deal boom
Charlie Jacobs spent 31 years at Linklaters and has been co-heading JPMorgan’s UK investment bank for just three months, but…
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JPMorgan advisor in legal battle with private banking unit over alleged client poaching
A top-ranked JPMorgan advisor is suing her employer, accusing the company’s private bank of attempting to poach her clients in…
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Bank of America will keep adding dealmakers amid fee surge, CEO Moynihan says
Bank of America has bolstered senior dealmaker headcount by 10% over the past two years, and will continue to hire…
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BofA trading revenue misses target in sign markets frenzy fading
Bank of America’s trading revenue missed estimates in a sign the market frenzy that helped propel bank sales last year…
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BlackRock to move $2tn away from State Street as JPMorgan, Citi and BNY set to benefit
BlackRock is pulling some $2tn of assets out of State Street’s safekeeping, a move that will reduce the investing firm’s reliance on a…
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US justice officials warn Deutsche Bank over criminal settlement involving asset management arm
The Justice Department has informed Deutsche Bank that the German lender may have violated a criminal settlement when it failed…
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Credit Suisse boss António Horta-Osório violated Covid quarantine rules, bank says
Credit Suisse said its chair Sir António Horta-Osório breached local quarantine rules in Switzerland when he spent three days in…
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JPMorgan, Deutsche Bank tell most UK staff to work from home as Omicron cases mount
JPMorgan and Deutsche Bank will significantly reduce the number of employees in their UK offices after prime minister Boris Johnson…
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Citi, HSBC join big banks in sending staff home amid Omicron caution
The final weeks of 2021 will see the City and Canary Wharf return to being ghost towns, as major investment…
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UK watchdogs tell bankers to link bonuses with risk after Archegos
UK financial regulators are demanding that banks bolster their risk management functions in the wake of the collapse of Archegos…
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Credit Suisse hires new wealth management chief, shakes up board leadership
Credit Suisse has hired a new chief executive of its wealth management division in a flurry of new board appointments…
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Citi names 306 MDs in first promotion round under boss Jane Fraser
Citigroup just named 306 new managing directors — one of the highest ranks in the City — in the first round…
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Goldman Sachs profit drops below Wall Street expectations
Goldman Sachs Group Inc. on Tuesday said its fourth-quarter profit fell 13%, missing Wall Street estimates, in a choppy quarter…
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Horta-Osório’s exit throws Credit Suisse’s grand transformation into disarray
Credit Suisse has been dealt a fresh blow, as the high-profile banker drafted in to steady the ship and turn…
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HSBC bolsters sustainability team with trio of appointments
HSBC has made a string of appointments to its sustainable finance unit, as the UK lender looks to bolster its…
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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…
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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…
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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,…
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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…
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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…
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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…
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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…
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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%…
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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…
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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…
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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…
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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…
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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…
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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…
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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.…
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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…
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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…
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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…
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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…
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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.…
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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…
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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…
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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…
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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…
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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…
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HSBC looks to India for $425m mutual funds play
HSBC has agreed to buy the Indian mutual funds business of L&T Finance for $425m as part of efforts to…
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CLOs wrap up record year as Libor phases out
Investors’ search for higher yields and Wall Street’s shift to a new interest-rate benchmark powered a record year in sales…
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Deutsche Bank fined nearly $10m over rate setting failures
Deutsche Bank was fined nearly $10m by Germany’s financial regulator on 29 December for not having strong enough controls around…
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The biggest job moves of 2021: Staley exits Barclays, Fraser takes Citi reins and Orcel to UniCredit
This year saw some big houses change leadership. Here’s a quick roundup of some of the highest-profile people moves of…
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Credit Suisse’s year to forget: Archegos, Greensill, and the boss skipping quarantine
Reports that Credit Suisse chair Sir António Horta-Osório broke Covid-19 rules for a second time when he attended the Wimbledon…
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