https://images.fnlondon.com/im-955661?size=1.5005861664712778

PJT Partners hikes pay 72% as first quarter fees hit record

Investment Banking Editor

https://images.fnlondon.com/im-955661?width=1280&size=1.501

PJT Partners hiked pay costs by 72% in the first quarter, continuing to hire dealmakers as quarterly revenue swelled to a record high. 

The boutique investment bank run by former Morgan Stanley dealmaker Paul Taubman brought in $329.4m in the first quarter of 2024, an increase of 65% on the prior year.

The boutique is continuing to hire as rivals have cut back

Paul Clarke

Banking

Business

Citigroup’s co-head of Iberia Revuelta to depart the US bank 

UniCredit hikes Commerzbank stake to 28% as CEO Orcel ups ambitions

Alantra strips out 20 managing directors in investment bank business shift 

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

https://images.fnlondon.com/im-52085931?size=1.5

Alain Courbebaisse will take on role in the new year

Simpson Thacher hires Sidley Austin finance duo in London

https://images.fnlondon.com/im-92579329?size=1.52

Leveraged finance lawyers are in high demand in London

Trading Places: EY names UK financial services head, BofA promotes 387 MDs

https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

The Fed’s signal that it will cut rates less than expected complicates efforts by other central banks to manage their economies.

Bank of England Keeps Rates Steady After Fed Move

Palliser Capital doubled down on its call for a review of Rio Tinto’s dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.

Activist Investor Widens Call for Review of Rio Tinto’s Dual-Listing

Activist Investor Palliser Capital Widens Call for Review of Rio Tinto’s Dual-Listing Status

In a 12-hour social-media barrage, the world’s richest man led a rebellion against a bill aimed at keeping the government funded.

Musk Draws First Blood With Spending Bill Bombshell 

Aides kept meetings short and controlled access, top advisers acted as go-betweens and public interactions became more scripted. The administration denied Biden has declined.

By Annie Linskey, Rebecca Ballhaus, Emily Glazer and Siobhan Hughes

How the White House Functioned With a Diminished Biden in Charge

Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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

https://www.wsj.com?type=allesseh_content_full_list

https://ace.fnlondon.com/client

MY ACCOUNT

ABOUT

SECTIONS

unbolded

Financial News