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BofA downgrades UK asset managers over recession risks and weak flows

Schroders and Ninety One

Deutsche Bank's big Barclays hire a warning to banks cutting bonuses

With Goldman Sachs allegedly planning cuts of up to 30% to bonuses in its markets business, Deutsche Bank's swoop on Atluri is a timely reminder that hedge funds aren't the only ones interested in banks' sales and trading talent.

Goldman Sachs to start cutting thousands of jobs midweek

Wall Street banks have suffered a major slowdown in corporate dealmaking activity as a result of volatile global financial markets.

Bank borrowing less attractive than since financial crisis, say major UK firms

Deloitte’s survey of chief financial officers found credit has become more expensive than at any time since the 2008 crash.

ECB Raises Deutsche Bank Capital Bar in Leveraged Loan Crackdown

The firm already exceeds the requirement by a wide margin, with a ratio of 13.33% at the end of the third quarter.

UniCredit Signs Asset Management Accord With Azimut

Under the accord, whose financial terms were not disclosed, Azimut will set up in Ireland an asset manager of which UniCredit can acquire control in five years at the latest.

William Blair Continues European Expansion

William Blair’s investment banking expansion across Europe builds on the firm’s addition of six senior-level bankers covering multiple sectors in 2022.

London office values to fall by more than a third in as soon as two years, Citi analyst forecasts

Citi's real estate analyst team led by Aaron Guy said that "recessionary impacts on higher unemployment and continued work-from-home office shrinkage" will drive down office values in the U.K.'s capital by 38%.

Banks face final push to staff up EU hubs as ECB ramps up post-Brexit crackdown

Banks to be hit with final requirements in early 2023 with as little as a year to change their models

Atom Bank lands £30m funding to boost lending and fuel growth

Atom says that despite a “changing backdrop”, it has “continued to deliver a strong performance in 2022”.

Bundesbank warns of considerable risks to financial system

While banks still consider credit risks as “fairly low”, the institution said many assumptions made in the past when granting loans “are likely to prove to be overly optimistic”.

Deutsche Bank warns of peril in borrowing from U.S. banks

It comes at a time that the corporate banking unit of Germany’s largest lender is seeing a resurgence in the home stretch of an extensive restructuring.

Credit Suisse's Swiss investment bank to be spared in overhaul

Along with a 4 billion Swiss franc ($4.2 billion) capital raise and thousands of job cuts, Credit Suisse is planning to scale back its scandal-hit investment bank in a shift towards banking for the wealthy.

Deutsche Bank ESG goals slowed by war, inflation

Financing for green initiatives totaled US$410 billion so far this year, a 16 percent decrease from the same period last year, amid geopolitical uncertainty and faster inflation.

Investment bank slump hits salaries

The average salary per employee has fallen to $360,000 from $746,000 at the same time in 2021.

ABN AMRO reports net profit of EUR 743 million in third quarter of 2022

Net interest income (NII) has bottomed out as deposit margins are benefiting from higher interest rates

JPMorgan’s investment bank boss: Deal slump is a chance to find senior talent

Rivals are cutting back, but Vis Raghavan says there's a

JPMorgan and Goldman Sachs in battle for British customer deposits

UK high street banks are fighting back against the Wall Street giants

Goldman to fold major business units into three main divisions in sweeping reorganisation

The reorganisation could be announced within days, people familiar with the matter said

Deutsche Bank will start serious hiring in 2023. The companies that are poaching from Goldman Sachs

Having been understaffed in the 2021 boom, Deutsche has added coverage bankers, and used the less hectic market conditions to re-engage with clients and rebuild the franchise.

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