Investment Banking
- 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…
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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…
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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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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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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…
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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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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…
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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…
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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…
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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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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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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…
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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…
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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…
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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…
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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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Firms get set for another bumper year for M&A
Companies are gearing up for another banner year for deal-making. Mergers and acquisitions hit a record in 2021, fuelled by…
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Crypto, Brexit and ‘expensive mistakes’: The most-read stories of 2021
This may have been the second year of the worst global pandemic in memory, but as far as news goes,…
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Sexism, stagflation and stock markets: The best opinions of 2021
Financial News is proud to host some of the best columnists in the business, gracing our comment pages each and…
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Financial News’ Quiz Of The Year 2021
1. In January, an army of retail traders helped drive the share price of retailer GameStop up more than 100%…
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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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Young grads can make $100k or more in banking — here’s who pays the most
While gruelling hours have long been a staple at most investment banking jobs, the added pressures of increased workloads, lack of mentorship opportunities…
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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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Biggest M&A boom in history sees more than $5.6tn worth of deals
It has been the biggest boom in mergers and acquisitions history. More than $5.6 trillion worth of deals have already been clinched…
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BNP Paribas transfers 900 Deutsche Bank staff as prime services deal completes
BNP Paribas has shifted 900 Deutsche Bank staff across to its business as it draws a line over the acquisition…
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Houlihan Lokey hires Fazlinejad for ongoing oil and gas push
Houlihan Lokey has hired a senior dealmaker covering oil and gas companies in the Middle East as the mid-market bank…
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2022 is here but Wall Street bankers are still working from home
Since the Omicron variant emerged, banks have hit the brakes on bringing workers back to the office. JPMorgan, Morgan Stanley, Goldman Sachs, Wells…
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Jefferies hires City veteran Yates to strengthen its UK investment bank
Jefferies bolstered its European investment bank with the appointment of City grandee Philip Yates in a senior role. Yates joins…
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Deutsche Bank leapfrogs Wall Street rivals to top German fee table after three-year hiatus
Deutsche Bank has topped the investment banking league table in Germany for the first time in three years, leapfrogging US…
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Trading Places: Jefferies nabs Perella Weinberg’s Yates, PwC UK adds partners
Welcome to 2022. Here’s the latest on people changing jobs to kick off the new year. Philip Yates, a City investment banking…
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Credit Suisse hires Guez to drive investment bank and wealth management tie up in France
Credit Suisse has hired a senior dealmaker to kick-start a unit in France that offers investment banking services to its wealth…
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Tribunal throws out ex-Lloyds employee’s claims of ‘discrimination against white heterosexual males’
An employment tribunal has dismissed a former Lloyds employee’s claim of a “widespread culture of institutionalised discrimination against white heterosexual…
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Citi to sack unjabbed workers as Wall Street cracks down on Covid
Citigroup is set to lay off US employees who do not get a Covid-19 vaccine by the end of the…
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Bankers see a shake-out as the record-breaking deal boom slows down
Just as the end of the Covid-19 pandemic has repeatedly failed to arrive as predicted, so too has the end…
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Citi will fire workers who won’t get jabbed — lawyers say that’s a legal minefield
Citigroup’s bold call to axe US workers who won’t get vaccinated set off a flurry of debate about the legalities…
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Cerberus trims stakes in Deutsche Bank, Commerzbank
Cerberus Capital Management is selling a chunk of its stakes in Deutsche Bank AG and Commerzbank following years of disappointing share performances at the…
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Boutique Centerview tops junior pay hikes with $130,000 starting salary
Centerview Partners has hiked entry-level salaries for junior bankers to $130,000, putting it at the top of the pay scale…
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Credit Suisse unveils overhaul of senior ranks as Welter, Wah co-lead global banking
Credit Suisse has named a swathe of new leaders for its investment banking businesses as the Swiss bank looks to…
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Citi continues pivot to wealthy clients as Fraser quits another consumer banking business
Citigroup will exit its Mexico consumer banking business, the latest strategic shift by chief executive Jane Fraser. The bank said 11 January it would…
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UK regulator tells banks risk management is a top priority after Archegos
The Prudential Regulation Authority wrote to international banks operating in the UK to remind them that strengthening risk management is…
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BofA, Wells Fargo and others band together to manage climate risk
A group of large banks, including Bank of America, Wells Fargo and Royal Bank of Canada, have formed a consortium to jointly…
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