News

Bitcoin rally brings crypto prime brokers into the spotlight

Growing interest from hedge funds, family offices and asset managers boost demand for crypto prime services

4 min read

Linklaters partner pay tops £2m as firm eyes further US expansion

The Magic Circle law firm says it hasn’t ‘scratched the surface’ of opportunities in the US and plans to continue its New York hiring spree

3 min read

Fidelity International eyes doubling of ETF range

Asset manager wants to significantly grow its current product line-up over the next 12 to 18 months

3 min read

JPMorgan’s Ed Byers retiring after 36 years at the bank

The City heavyweight joined JPMorgan through its acquisition of Cazenove and has run its UK dealmaking team

2 min read

Citigroup hires JPMorgan’s Vargas in ECM shake-up

The Wall Street bank has taken on the former JPMorgan executive to lead ECM in the US

1 min read

Wise comes under fire from co-founder over US listing proposal

Taavet Hinrikus, who set up the company in 2011, said he was ‘deeply troubled’ by planned governance changes at the UK fintech

2 min read

London Stock Exchange Group weighs move to 24-hour trading

Several US bourses have applied to regulators to allow round-the-clock stock trading

2 min read

BlackRock’s James Charrington: ‘Sceptics felt active and index could not live under the same roof’

The BlackRock veteran on some of the landmark deals struck by the US asset manager and industry scepticism about its purchase of Barclays Global Investors

5 min read

Rachel Reeves hasn’t been perfect but it could be worse for finance

Her financial growth strategy is about as pro‑City as anything the Tories could have proposed

4 min read

DWS’s staff tell CEO they want to transfer to the Middle East

Stefan Hoops says employees have expressed interest in working out of a new office in Abu Dhabi, which the asset manager plans to open later this year

2 min read

SIX and Aquis plan to grab 20% of European share trading

Takeover activity is sweeping across the continent’s exchanges and Switzerland’s SIX Group is eyeing a new pan-European stock trading network — with the help of London challenger Aquis

Goldman Sachs’s European dealmaking bosses bet on mid-market in push for top spot 

Goldman Sachs named bank veterans Andre Kelleners and Anna Skoglund as co-heads of Emea investment banking in January. They tell FN about their plans to grow the business

Banks are bringing in AI ‘Maestros’ to beat their competitors

Trading desks are cautiously embracing generative AI to boost efficiency

Trading Places: Citigroup’s hiring spree, XTX Markets’ co-CEO steps down

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

Millennium’s Shivang Sood to join North Rock Capital in Dubai

Sood will take on portfolio management role in September

1 min read

US broker Clear Street targets business wins with UK asset managers and hedge funds

US firm has grown London headcount to around 70 since entering the UK market in December

3 min read

Citigroup hires Goldman Sachs’s Friedland to co-head investment banking in the US

The US investment bank is aggressively building out its dealmaking team

2 min read

Marex taps Citigroup for three senior traders in expansion drive

London-based Marex has doubled its global headcount since 2022

2 min read