Goldman Sachs ended 2023 strongly despite investment banking weakness January 16, 2024 Goldman Sachs reported that profit jumped at the end of 2023 as the bank’s asset and wealth management arm helped offset continued weakness in investment banking. In the three months to December, the bank’s net earnings climbed 51 per cent to $2.0bn, up from $1.3bn in the same period last year. The jump in profit [...]
Morgan Stanley: Profit hit by $500m in one-time charges but investment bank shines January 16, 2024 Morgan Stanley's profit missed analysts' estimates in the fourth quarter as it was hit by more than $500m (£395m) in one-time charges which offset a stronger performance from its flagship investment bank.
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.
Panmure Liberum: Two City brokers merge into new investment bank led by Rich Ricci – with Bob Diamond providing the financing January 16, 2024 Two of the City's leading brokers have struck a deal to merge today to create the UK's largest investment bank focused on smaller and mid-sized listed firms.
Are you one of the Brits missing out on £6.9bn of savings interest? January 16, 2024 Britons lost out on an estimated £6.9bn in interest from savings accounts last year, new research shows, as personal finance experts urge consumers to be more proactive.
Will Jane Fraser’s bold plan to overhaul Citigroup work? January 15, 2024 Citigroup, the US’ third-largest bank by assets, is eyeing a rebound in 2024 with a major restructuring under Scottish chief executive Jane Fraser.
UK banks could face major losses over FCA motor finance review January 15, 2024 UK banks could be on the hook for billions in compensation, according to analysts, after the City watchdog announced a review into unfair costs on discretionary car finance commissions.
City job vacancies dropped nearly 40 per cent in 2023 as firms reverse post-pandemic overhiring January 15, 2024 Job openings and jobseekers in the City's financial services sector have fallen back to pre-pandemic levels, according to new data, as firms respond to high costs and overhiring.
Goldman: Private equity will have to go ‘back to the future’ in new rate environment January 14, 2024 In the new world, Nachmann said a lot of the returns will come from "sourcing really good opportunities" and making "operational improvements".
Wells Fargo warns over interest rate cuts despite boost in profits January 12, 2024 Wells Fargo said it had topped profit expectations for the fourth-quarter of the year today but warned that predicted interest rate cuts could dampen profits in the year ahead.