09/12/2022
Big banks to rake in record profits from commodities this year
Sky-high commodities prices have pushed inflation to multi-decade highs, stifled the global economy and created a cost-of-living crisis in many countries.
Investment Banking
09/08/2022
Evercore hiked pay for top London bankers by 20% last year
The bank, which has been on a hiring spree, paid £47.6m to 53 partners last year as profit soared, new accounts show
09/07/2022
JP Morgan plots ‘relocation to London over German blackout fears’
The Wall Street bank is said to be drawing up contingency plans to ensure it can continue trading if Vladmir Putin’s decision to shut down Russian gas supplies leads to crippling power outages.
09/07/2022
Deutsche Bank to open representative office in Bangladesh
The representative office will focus on supporting multinational corporate clients, predominantly exporters to Bangladesh.
08/30/2022
Goldman Sachs Urges Investors to Buy Commodities Now — Expects Equities to Suffer as Inflation Stays Elevated
Global investment bank Goldman Sachs has recommended investors buy commodities.
08/30/2022
ABN Amro predicts ‘slight’ recession by end of year
Even with their predicted recession, growth for 2022 should be 4.7% in 2022.
08/26/2022
Citigroup says it will close Russian consumer business
Citi joins other major Wall Street players which have also shut or announced plans to close operations in Russia, in line with sanctions imposed by Western countries.
08/25/2022
Evercore raises junior salaries in London to keep pace with rivals
Battle for emerging talent continues to run red-hot
08/22/2022
Credit Suisse Investment Bankers Are Bracing for Brutal Cutbacks
Conversations with about a dozen Credit Suisse dealmakers, traders, financiers and wealth advisers, who asked to remain anonymous, depict an investment bank braced for a reckoning.
08/19/2022
Deutsche Bank hikes junior banker pay again to keep pace with rivals
The German lender was lagging key rivals on junior salaries but has now hiked for a second time to stay in line
08/17/2022
Bank of London opens new Belfast fintech base at Soloist Building
Invest NI has confirmed it has offered financial support for 130 of the 232 jobs the fintech firm plans to create here by 2026.
08/17/2022
Mizuho’s investment bank weighs European cost cuts to stem losses
To boost revenue, management is considering to build out the derivatives business in Europe, helping corporate clients hedge against risks involved in investment-banking transactions, Hamamoto said.
08/12/2022
Santander sets £20mn aside for mortgage defaults
Nationally, mortgage possession claims are increasing.
08/11/2022
UniCredit’s Andrea Orcel pushes to repair damaged relations with Rome
Collapsed takeover of Monte dei Paschi di Siena strained ties with Italian government
08/10/2022
Morgan Stanley plans direct lending fund in Europe
The group's asset management division is preparing to raise between €2bn and €3bn.
08/08/2022
TBC Bank Uzbekistan attracted $35.1 million of additional capital
The initial investment was up to US $18.8 million (US $9.4 million each for the EBRD and IFC). At the same time, TBC Bank Group PLC invested US $25,9 million.
08/04/2022
French bank Credit Agricole beats expectations in Q2 amid record CIB activity
Analysts also underestimated revenues, which rose 8.8% to 6.33 billions euros, roughly 10% higher than forecast.
08/03/2022
Societe Generale: Second quarter 2022 earnings
Q2 2022 concluded two years of intense and disciplined execution of our various strategic projects.
07/29/2022
H1 2022 NatWest Group Results -NatWest Group
A summary of our H1 2022 results.
07/28/2022
Lloyds profits dip, prepares for bad loans
Lloyds said its net interest margin, the difference between savings and lending rates, was now expected to be greater than 280 basis points.