synd
- Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
A $5tn Brexit battleground and banned in Russia — What is clearing, anyway?
Clearing is a key part of market plumbing that has hit the headlines since the Brexit vote, and more recently…
Read More » - Finance
Linklaters stops short of condemning invasion of Ukraine as pressure grows on law firms over Russia links
Magic Circle law firm Linklaters, has noted Russia’s invasion of Ukraine as “deeply distressing” but stopped short of condemning the…
Read More » - Finance
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,…
Read More » - Finance
Tesla boss Elon Musk and brother’s trades investigated by SEC
The Securities and Exchange Commission is investigating whether recent stock sales by Tesla chief executive Elon Musk and his brother, Kimbal Musk, violated insider-trading…
Read More » - Finance
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…
Read More » - Finance
How the FCA tried to catch its ‘poogate’ suspect
When the Financial Conduct Authority headed to new offices in London’s East End in 2018, the regulator hoped staff would welcome…
Read More » - Finance
NatWest dismissed a cancer-stricken director — now it faces a £2m legal claim
NatWest was accused of being “in a state of denial” during the closing arguments of an employment tribunal over unfair…
Read More » - Finance
Woodford probe to drag on for years as some victims ‘died while the FCA dithered’
Investors burned by Neil Woodford have been waiting for justice since the former star stock-picker’s flagship fund shuttered in 2019. They’ll probably…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Helena Morrissey: The City must stop its China expansion
Baroness Helena Morrissey has been an executive at multiple asset managers and is a noted City diversity campaigner “We can’t…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Kirkland & Ellis shocks staff with stricter-than-expected office mandate
Kirkland & Ellis has become the latest major law firm to spell out new rules for hybrid working after the pandemic. Kirkland…
Read More » - Finance
DLA Piper kicks off senior partner election as five candidates fight for votes
DLA Piper has kicked off an election to find the firm’s new senior partner, with five candidates standing in the race. The…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Virtual compliance: Will City workers keep toeing the line from home?
As staff in the City start gradually coming back to the office, regulatory experts are warning there is an increased…
Read More » - Finance
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…
Read More » - Tech
Uber’s Freight Unit to Buy Logistics Tech Firm Transplace for $2.25 Billion
Uber Technologies Inc.’s Freight unit is buying technology-focused logistics services provider Transplace in a cash and stock deal worth about…
Read More » - Finance
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…
Read More » - Finance
View: Why pension schemes are ripe for consolidation
The government’s two flagship policies — levelling up and net zero — require the same thing: oodles of private investment…
Read More » - Finance
UK economy falls 2.9%
The UK saw a contraction in its economy by 2.9% in January from December as the government rolled out a…
Read More » - Finance
Hanbury Strategy spins out City-focused political advisory firm
A new advisory business to help financial services firms manage political risks in the UK and Europe, and navigate “the…
Read More » - Finance
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…
Read More »