06/02/2016
Goldman Fires Dozens Of Investment Bankers
As Bloomberg adds, CEO Lloyd Blankfein is embarking on his biggest cost-cutting push in years as the bank tries to weather a slump in trading and dealmaking.
Investment Banking
06/02/2016
Credit Suisse Is Telling Its Bankers To Leave by 7PM on Friday Nights
Credit Suisse is not alone in trying to improve the lot of its employees, with the focus shifting from pay and bonuses.
06/01/2016
Raymond James Announces Purchase of European Corporate Finance Firm
The newly added Mummert & Co. team will re-brand as Raymond James and operate as part of the existing Raymond James Corporate Finance division within Raymond James & Associates, Inc.
05/31/2016
With fees heading to 13-year low, bankers see signs of light
Senior investment bankers are predicting a noticeable upturn in dealmaking during the second half of the year, following a first half that is on course to be the worst for revenues for more than a decade.
05/31/2016
EU lender vows no compromise on joint projects with China-led bank
European Investment Bank chief insists cooperation with other institutions such as the Asian Infrastructure Investment Bank must comply with EU law
05/29/2016
Shurooq promotes Sharjah's investment potential in Berlin
The activity formed part of Sharjah's ongoing efforts to promote and highlight its investment potential to international investors.
05/27/2016
Italy rescue fund in talks to backstop Veneto Banca IPO
Both banks are under investigation over the sale of shares to their own customers.
05/27/2016
Why Millennials want to work in finance, and why they don’t
One has set his sights firmly on a banking career, while the other is definitely not interested in working on Wall Street despite a family connection in the sector.
05/27/2016
Barclays Investment Bank, Capital Still Concerns, Bernstein Says
The moves have failed to reverse the stock’s decline. Barclays has fallen 16 percent this year compared with a little-changed FTSE 100 U.K. benchmark index.
05/27/2016
European, Asian investment banks seek to renew cooperation
Up to twenty European countries have chosen to become the founding members of the AIIB, though the United States has not agreed.
05/27/2016
SocGen’s $1.1 Billion Samurai Bond Deal Is Biggest in 2016
It’s only the third Samurai sale this year, and follows a 110 billion yen offering by Bank of America Corp. earlier this month in a euro-yen format.
05/27/2016
Ex-Barclays Trader Tells Court of Obey or Be Fired Culture
Pabon was testifying about his Barclays’ career under Jay Merchant, who is also on trial.
05/27/2016
London bankers set to share desks to save space
Banks want to retain City footprint but with lower costs
05/26/2016
Commerzbank Drops Case Against Bankers Fired Over U.S. Probe
The lender dropped its filing in one of the cases earlier this month as a hearing scheduled this week approached, Frank Woitaschek, spokesman for the Frankfurt Labor Appeals court, said Tuesday.
05/20/2016
The highest paying Wall Street and City internships in finance
But which firms pay the best?
05/20/2016
Deutsche Bank May Punish Staff for Personal Trade With Firm
Six employees participated with personal investments alongside a hedge fund, the person said, asking not to be identified because the review is confidential.
05/20/2016
UBS Said to Trim Some Securities Jobs as Ermotti Cuts Costs
Securities firms are reviewing how to reduce expenses amid the decline in trading and dealmaking.
05/19/2016
Sam Wisnia said to be treating Deutsche staff to a private jet while Cryan flies commercial
The move is said to have raised eyebrows at Deutsche, given that Cryan himself is now flying nothing but commercial.
05/19/2016
Barclays Restructures Legal Team Ahead of Ring Fencing Reforms
The bank has restructured its legal team to prepare for split of retail and investment banking operations. James Booth, Legal Week
05/18/2016
Deutsche Bank shareholders set to pressure chairman
Shareholder advisory groups ISS and Glass Lewis have recommended investors back a shareholder motion for a probe into whether fines for wrongdoing were higher at Deutsche because management obstructed or misled investigators.