News
What’s the biggest risk facing private equity? Buyout bosses share their thoughts
Concerns include AI threats to the software market and private equity’s expansion into wealth
3 min read
Trading giant Jane Street boosts average UK staff pay to $1.3m
US-based firm hiked UK staff pay 61% last year
2 min read
Trading Places: JPMorgan’s Baygual exits, HSBC’s Spring resurfaces
Find out who is on the move in the City and beyond this week
3 min read
Boutique investment bank pay jumps 40%, as investors up pressure on exec awards
Analysis from compensation consultants Johnson Associates shows that CEOs at banks received a bigger increase than the rank and file
3 min read
Morgan Stanley set to shift some London compliance roles to Glasgow
Banks are increasingly looking to nearshore back- and middle-office jobs
2 min read
Retail investors won’t tap private markets until culture shifts
Funds giving retail savers access to private markets need to ensure they meet consumer protection expectations set by regulators
4 min read
Crypto hedge fund Tephra Digital gains 11% in May
The US-based firm is backed by Jefferies’ Leucadia Asset Management
1 min read
UK wealth firm in the spotlight after bogus banker story
Catch up on the top news in wealth management this week
4 min read
Is the UK too late with its retail crypto overhaul?
Catch up on all this week’s asset management news
2 min read
BlackRock eyes $400bn in private markets fundraising, doubling of market cap by 2030
World’s largest asset manager also wants to increase revenue to more than $35bn by the end of the decade
2 min read
EY faces protest over cuts to cleaning staff
Consulting giant under fire over pay and resources
2 min read
UBS UK high net worth boss Chris Oliver resigns
Global family office boss Michel Frey to take on new City role
UK wealth firm Saltus distances itself from faked Telegraph banker sob story
The wealth manager was namechecked in a now-deleted story about an investment banker who couldn’t afford five holidays after Labour’s private school tax raid
Why the FCA’s ETP overhaul won’t unlock UK crypto
Europe has already pulled ahead of the UK as it opens up more crypto products to retail investors
LSEG hires former JPMorgan executive to run swap clearing
Nick Rustad joins the bourse owner to oversee its lucrative SwapClear business
Deutsche Bank CEO: Bond trading will offset weaker dealmaking in Q2
The German lender’s chief executive said investment bank revenue would be stable despite weaker dealmaking fees
2 min read
KPMG fined over Carr’s Group audit
Accounting watchdog slaps Big Four beancounter and partner with sanctions
2 min read
Why Brookfield is sending its investments to private school
The asset management giant has made an $825m investment into Spring Education Group, according to people familiar with the matter
3 min read
Qube Research hunts for crypto quants to work weekends
The hedge fund wants a London trader to tackle the crypto markets on Saturdays and Sundays
2 min read
London IPO advisers eye 2026 rebound as stock market shrinks
Insurer Canopius is among those said to push back its hopes of a major float
7 min read
