Investment Banking
Failed fintech Zing lost $87m before HSBC axed it
The UK bank shut down its international money transfer app just a year after launch
3 min read
Citi, Morgan Stanley execs point to M&A bounce after tariff chaos
Wall Street bank execs say that after a pause in deals, sentiment has picked up again
3 min read
UBS hires investment banker Murphy for consumer deals
The Swiss bank has been adding senior bankers in key sectors this year
1 min read
JPMorgan’s top private equity dealmaker Baygual exits
Baygual had been leading a push at JPMorgan to increase its coverage of private equity firms
2 min read
JPMorgan internal memo shows morale took a hit on return to office
The results of the bank’s latest internal opinion survey showed fewer employees than last year say they view their health and well-being as a corporate priority
3 min read
Barclays set to cut 200 investment bank jobs in cost reduction plan
The UK bank is trying to up its competition with Wall Street giants
2 min read
Wall Street banks have added 11,000 EU jobs since Brexit
In the five years since the UK officially left the EU, the world’s biggest investment banks have shifted thousands of roles
4 min read
Goldman wealth boss: Clients should have ‘significant exposure’ to private assets
The Wall Street bank wants to scale in the UK, Robert Mullane tells FN, despite an exodus of wealthy non-doms
5 min read
EU’s response to Trump trade war could add to UK’s Brexit damage
The City could be caught in the crossfire if his new tariffs lead to ‘Fortress Europe’
4 min read
Dubai’s growth spurt is feeling the pressure
Firms are rushing to the Middle East, but bankers, wealth managers and other finance execs who have moved there say some of the advantages have been overhyped
6 min read
UBS faces demand for $26bn more in capital as Swiss government outlines new rules
Officials want to avoid another collapse like Credit Suisse’s but the Swiss bank has hotly contested calls for a higher buffer
3 min read
HSBC names Nelson interim chair as Tucker takes AIA role
The UK lender is searching for a permanent successor to Sir Mark Tucker, who has spent eight years in the job
Peel Hunt hybrid work policy moved to four days in the office
The City investment bank has asked all of its staff to return in person for at least four days each week
JPMorgan says it will fire analysts taking back-dated jobs elsewhere
The Wall Street bank told incoming investment banking analysts that accepting offers at other firms before they join will mean ’employment with the firm will end’
Citigroup to cut 3,500 technology jobs in China as part of global overhaul
The US bank continues to look for ways to simplify its business and address regulatory concerns over its controls
UBS shakes up leadership of equity syndicate unit after hires
The Swiss bank has named regional leaders of the division
1 min read
BancTrust downsizes London headquarters in latest cost-cutting measure
Investment bank has recently cut jobs in management and compliance
2 min read
Wells Fargo ‘fake accounts’ asset cap lifted after seven years in major boost
Growth at the US lender has been hampered as it worked towards hitting goals laid out by regulators
2 min read
JPMorgan international consumer banking boss Viswanathan leaves for FactSet
The former chief administrative officer of its investment bank is departing after 15 years
1 min read
Ex-Commerzbank CEO Manfred Knof joins DeFi Technologies
Knof will be strategic adviser to DeFi technologies and chair subsidiary Valour
1 min read