News
HSBC’s private bank under investigation by Swiss and French authorities
Lender’s Swiss private banking arm hit by money laundering allegations in connection with ‘two historical banking relationships’
1 min read
Aberdeen posts net outflows of £900m during first half
Despite net outflows, the Edinburgh-headquartered asset manager recorded a slight uptick in assets under management
2 min read
Rathbones launches £50m share buyback
UK wealth manager prepares for new growth era as long-time chief executive Paul Stockton steps down
3 min read
HSBC CEO ‘comfortable’ City offices will house staff despite desk shortage
The UK lender will use multiple locations to accommodate UK employees as it prepares to move to a new HQ
2 min read
Blackstone’s Wesley LePatner named among victims in Manhattan shooting
‘Brilliant, passionate, warm, generous, and deeply respected’: Private equity firm pays tribute to senior managing director
2 min read
UBS investment bank notches profit increase as dealmaking fees slide 30%
A surge in trading revenue offset a sharp decline in investment banking during the second quarter
2 min read
Evercore buys boutique Robey Warshaw for £146m in major UK push
The US-headquartered bank has bought a mainstay of UK boardrooms
3 min read
HSBC corporate and institutional banking unit slips 4% despite trading uptick
The UK lender’s newly merged division brought in pre-tax profit of $2.8bn during the second quarter
2 min read
Aviva Investors eyes LTAFs for wealth market
The UK asset manager is considering expanding the reach of its LTAF range, which currently targets corporate defined contribution schemes
3 min read
Crypto market absorbs $9bn bitcoin sale with ‘barely a blip’
Your guide to the week’s biggest fintech stories
3 min read
PJT Partners revenue hits record $407m, up 13% after hiring spree
The boutique investment bank has continued to grow revenue despite trade war concerns
1 min read
HSBC asks managing directors to come into the office four days a week
The UK lender is tightening its policies for its senior employees
Barclays traders fuel 21% investment bank jump as dealmaking fees slide
Barclays has followed US rivals with a sharp uptick in trading revenue amid volatile markets
Top Citigroup banker Drury leaves to take CIO role at AI firm Poolside
The Citigroup lifer is departing after 30 years for a role at an emerging technology firm
DLA Piper hires private equity partner from Dechert in London
Law firm DLA Piper boosts private equity team with a veteran partner in London
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Zodia Markets receives backing from Circle Ventures in $18m funding round
The series A round was led by New York-headquartered Pharsalus Capital
2 min read
Rothschild & Co hires ex-Perella banker Klaassen in private markets push
The independent investment bank has named the private capital markets veteran to lead its distribution efforts
1 min read
UBS funds business taps DWS for ETF hire
Amanda Rebello joins to take over from Clemens Reuter, who is retiring after more than 15 years with the Swiss asset manager
1 min read
Dubai hedge funds grow 72% as leading names flock to the Middle East
Dubai’s DIFC now hosts 85 hedge funds
2 min read
JPMorgan targets $100bn in European active ETFs
The US asset manager is looking to main its lead in Europe’s active ETF market over the coming years
3 min read
