News
Trading Places: Barclays hires ex-Numis chief, Kirkoswald adds ex-HSBC trader
Find out who is on the move in the City and beyond this week
3 min read
Why investment firms face increased risk of AI washing claims
As artificial intelligence adoption increases across all sectors, asset managers are no less at risk of claims they have overstated their use of the technology
4 min read
From London to Lake Como: Estate agents rush to meet private equity’s UK relocation demands
‘I’ve not seen anything quite like this in my career’: Tax and real estate advisers reckon with the exodus of London’s buyout bosses
3 min read
Mizuho acquires boutique Augusta & Co in clean energy push
The Japanese bank is expanding its dealmaking arm
2 min read
Marex agrees to buy Winterflood Securities from Close Brothers
Marex snaps up UK broker in £104m deal
1 min read
Moelis plans ‘very aggressive’ push into private capital after hiring spree
The boutique investment bank has seen compensation costs swell 27%
2 min read
Why wealth firms are flocking to ‘buzzing Milan’
Catch up on this week’s wealth management news
1 min read
L&G’s new approach to stewardship and DWS staff eye Abu Dhabi move
Catch up on all this week’s asset management news
3 min read
Ex-Jefferies trader Zeng launching $70m crypto hedge fund
Tian Zeng’s Third Eye will start trading on 1 August
2 min read
Lazard raises minimum deal fee, hires 14 MDs in productivity push
The independent investment bank unveiled a 21% uptick in financial advisory revenue despite an M&A slowdown
3 min read
UBS promotes Mercier in top UK wealth role after earlier reshuffle
The Swiss bank has seen a number of departures in its UK wealth division in recent months
1 min read
L&G says companies are pushing forward with net zero, despite ESG backlash
UK’s largest asset manager identified fewer companies this year where it could have taking voting action over slow progress on climate-related issues
‘I’m already up $45,000 in about an hour’ — Reddit traders boast about wins as meme-stock mania returns
Krispy Kreme, GoPro and others have joined Opendoor and Kohl’s in the latest meme-stock rally, but traders have needed to move quickly to lock in gains
BNP Paribas fixed income trading jumps 26% as equities slide
Th French bank has posted a bounce in fixed income fees, but equities revenue dropped 15%
Deutsche Bank’s dealmaking fees slip 29%, as fixed income traders shine
The German lender has posted a steep decline in dealmaking fees after Wall Street rivals’ revenue held up
Most Read
Goldman Sachs decides against job cuts after profit surge in second quarter
The Wall Street bank is not cutting jobs in September after it beat analyst expectations during the second quarter
1 min read
Wealth firms, private banks giddy about Italian onshore push: ‘Milan is buzzing’
Julius Baer and Ares Management are among firms that have established a presence in Milan this year to tap into the booming wealth market
3 min read
Tom Hayes ‘always believed’ he would beat Libor rigging conviction
The former City trader says others convicted of rate rigging should also have their rulings overturned
4 min read
Barclays hires Deutsche Numis co-CEO Ham in dealmaking push
The UK lender is looking to bolster its advisory and ECM fees
2 min read
RBC Capital Markets hires Herrera to lead Benelux investment banking
The Canadian bank has been bolstering its European investment banking team
1 min read
