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Barclays scrutinises investment division

John McFarlane, the new chairman of Barclays, grilled senior executives from the investment bank yesterday over progress in the restructuring of the troubled division.

Investment banks need nicer people…to be replaced by computers

Something has to change. Many have pointed this out, and in a wide-ranging report on the future of investment banking, EY has come up with a list of suggestions on how the industry needs to develop.

Barclays in Talks to Sell Private Equity Unit to Management: Source

Barclays last year put BNRI into its book of businesses that it intended to sell or run down, saying it was not strategically important for the bank.

Goldman Sachs To Advise UK On Bank Sales

Sky News has learnt that Goldman was hired as the privatisation adviser to UK Financial Investments

Goldman Sachs Interns No Longer Allowed To Work Past Midnight

Investment banking firm Goldman Sachs has rolled out a new policy disallowing its summer interns from working past midnight

Gazprom, UniCredit Austria Ink €300 Million Loan Deal

The agreement was signed by Andrei Kruglov, Gazprom Vice Chief of the Board, and Mikhail Alexeev, UniCredit Bank Austria Chief of the Board

Ministers To Sell Stake In State's Green Bank

The Government is looking to offload a stake in the Green Investment Bank three years after its launch, Sky News learns.

Ex-Barclays CEO Has a Rival as Eyes Africa Bank Deals

Ex-Barclays Plc Chief Executive Officer has a rival: Spanish billionaire Alberto Cortina, who is building a banking presence in West Africa

Banking interns have had their pay revised upwards

The increases are understood to apply at top US banks like Bank of America Merrill Lynch and Goldman Sachs, as well as at European banks like Credit Suisse and Barclays.

Barclays’ investment bank faces board scrutiny

Barclays’ underperforming investment bank will be in the spotlight this week as its head makes a critical board presentation aimed at helping the group’s new chairman determine if more restructuring is needed.

Barclays to refocus US mortgage trading

Barclays Plc will no longer make markets for mortgage-backed bonds issued prior to the financial crisis as they have become less profitable under tighter British regulations on these securities, a bank spokesman said on Wednesday.

Europe's banks head to Asia amid US$1 trillion capital shortfall

European banks are heading to Asia for capital as new rules at home demand they sell more than US$1 trillion of equity and subordinated debt to increase loss buffers.

Deutsche Bank set to move staff

Deutsche Bank is preparing to move about 4,000 back office workers from five buildings in the City of London financial district to one in Canary Wharf in the east of the capital, where much of Britain's financial sector is now based.

Widespread exits from BNP Paribas CIB before redundancies hit

Back in 2012, BNP Paribas confidently told its investment bankers that it wouldn’t be making any more redundancies.

Credit Agricole, Soc Gen plan Amundi IPO this year

French asset manager Amundi is set to be listed on the Paris stock exchange in the first major act of new Crédit Agricole chief executive Philippe Brassac.

France's Natixis to make Dubai capital markets hub for Mideast, Africa

More regional business to be booked from Dubai, not Paris - exec

UK loses ground in global investment banking market

British banks are falling behind US rivals in winning a place on big deals

HSBC's investment bank to shed clients, assets in profitability push

HSBC said its investment bank, known as global banking and markets, will sell $40 billion of legacy credit positions

MBAs still waiting for lift-off among banks and fund houses

The investment banking, trading and asset management communities have not traditionally put a lot of value on MBA qualifications.

Banker who worked on ABN Amro deal returns for RBS sell-off

One of the bankers who worked on the 2007 takeover of ABN Amro, a deal which led to the collapse of Royal Bank of Scotland, is poised for a return to advise RBS on its planned privatisation.

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