Jefferies has unveiled strong 2024 numbers after a push to gain market share from rivals

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Jefferies’ dealmaking fees jump 52% in 2024 after investment banker hiring spree

Investment Banking Editor

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Jefferies investment banking fees jumped 52% in 2024 following a hiring spree of hundreds of dealmakers as it looks to break into the top firms in the world. 

In a sign that the two-year dealmaking slump is over, Jefferies reported revenue of $3.4bn within its investment banking unit for 2024, up by 52% on the prior year. Overall revenue of $7bn was up 49% on the previous year. 

The US bank has looked to catch larger rivals through an aggressive recruitment spree of senior bankers

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KKR hires Paul Hastings London finance partner

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The high-yield finance specialist had spent a year on secondment at the private equity giant

Latham & Watkins hires Goodwin finance partner in London

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US law firm raids rival to boost City finance team

Abrdn names tech chief for investments unit in latest appointment under Jason Windsor

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Alain Courbebaisse will take on role in the new year

The potential payout relates to an earlier deal over tax evasion by U.S. clients of Credit Suisse, the rival Swiss bank that UBS acquired in 2023.

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“So far the moves have been orderly,” Breeden said after a speech in Scotland. “So far so good.”

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The billionaire CEO of Tesla says there is a good shot of cutting at least $1 trillion from federal government expenditures.

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The U.K. competition regulator said it could approve Synopsys’s $35 billion purchase of Ansys after the companies offered to sell off business units to ease regulators’ concerns.

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Annual U.K. shop prices declined again in December, helped by heavy discounts as retailers sought to make up for the lower sales earlier in the year, but cost pressures are expected to drive prices higher in 2025.

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