Investment banks cut job vacancies in half as dealmaking slump hits recruitment and bonuses February 12, 2024 Major investment banks have cut their number of UK job vacancies in half over the last year as a dealmaking slump puts a strain on recruitment and bonuses.
Rich Ricci: Who is the horse racing chief of the City’s newest investment bank? January 16, 2024 Racehorse owner Rich Ricci is set to be reunited with his former Barclays boss Bob Diamond with the merger of investment banks Panmure Gordon and Liberum.
The hedge fund problem: Too many billionaires and too few returns for investors December 20, 2023 Hedge funds may be in vogue, but investors would do well to approach them with caution, writes Yogi Dewan
City’s newest investment bank bemoans high interest rates as ‘drag on demand’ for UK equities December 19, 2023 New bank and wealth manager Cavendish Financial has reported continued losses in its maiden set of results as it struggles with a dealmaking slump but said activity is picking up.
Regulators call out big banks for ‘suddenly closing or suspending’ charity accounts November 15, 2023 Charities are being unfairly "debanked", according to regulators, who have called on high street lenders to improve their "substandard" services for the sector.
UBS boss says bank is in ‘second phase’ of Credit Suisse merger that will ‘not change anything’ November 15, 2023 Ermotti is set to announce a strategy for the merged banks in February but is battling high costs as he winds down Credit Suisse’s unprofitable businesses while fully integrating its key Swiss banking unit.
Europe’s £10bn cum-ex tax scandal set to rumble Square Mile after key ruling November 13, 2023 Banks and investors in the Square Mile are set to be hit with more claims over Europe's biggest ever tax scam following a key ruling last week.
Manx Financial Group shares jump after subsidiary secures UK banking licence October 16, 2023 Manx Financial Group shares rose on Monday after the financial services company announced that its banking subsidiary Conister Bank received a licence to take deposits in the UK. The decision marks the first time an Isle of Man-based bank has been granted a UK branch deposit-taking licence. Manx said the bank can now accept deposits [...]
Investing in women could boost UK economy by £250bn, MP to say October 1, 2023 Investing in women at the same rate as men could create £250bn in new value for the UK economy, Harriett Baldwin is set to say. The former City minister and now chair of the Treasury select committee will tell the WVC:E summit that inequality between investment in men and women is unacceptable. Baldwin is expected [...]
London-listed Georgian banks pressured to dodge US sanctions by central bank September 21, 2023 Two London-listed Georgian banks have been caught in the middle of a sanctions spat after the Georgian central bank told the lenders they don't need to comply with recently announced US sanctions.