Wall Street banking giants ride tariff rebound to booming revenue July 16, 2025 Wall Street’s banking titans have rounded off second-quarter earnings seasons largely breezing past analyst expectations as revenues boomed on the back of market volatility. The lenders continued a trend from the first-quarter with strong trading and investment banking revenues driving a robust performance. JP Morgan pocketed $45.7bn in revenue, outperforming its $44bn estimate. This came [...]
Nationwide to Greggs: King’s honours list champions UK business leaders June 14, 2025 Entrepreneurs and company chiefs in tech, recruitment and banking have been recognised for their contributions to UK business in the King’s birthday honours. Microsoft UK boss Clare Barclay and ceramics founder Emma Bridgewater, dubbed the “queen of pottery”, received damehoods for services to business. Nationwide chief executive Debbie Crosbie, who led a £2.3bn takeover of [...]
Barclays, HSBC, Bank of America bosses hold crisis tariff talks April 7, 2025 Chief executives at the world’s biggest banks have held talks on the fallout of Trump’s tariff onslaught. Bosses from Bank of America, HSBC, Barclays and Citi discussed the global chaos triggered by Trump’s ‘Liberation Day’ in a call on Sunday, according to Sky News’ Mark Kleinman. The call was organised by the Bank Policy Institute [...]
Banks including HSBC fined £100m for ‘anti-competitive behaviour’ February 21, 2025 In a statement released this morning, the Competition and Markets Authority (CMA) confirmed that the banks have agreed to pay fines for this anti-competitive behaviour.
St James’s Place investors brace for results as Citi upgrades stock February 18, 2025 St James’s Place investors are gearing up for the release of the wealth manager’s full-year results next week as Citi analysts have upgraded their price target for the stock. In a note yesterday, Citi analysts upgraded the stock’s price target from 1,080p to 1,280p compared to the current share price of 1,130p. “Our funds under [...]
Davos: Reeves to meet Trump allies in search for UK growth January 20, 2025 Rachel Reeves is expected to meet Donald Trump’s allies at Davos in a bid to talk up the UK’s growth prospects. The Chancellor is set to attend the World Economic Forum in Switzerland in the days following the US President’s inauguration and in the wake of turmoil in the UK bond markets. It follows a [...]
Wall Street banks JP Morgan, Citi and Goldman Sachs report bumper profit January 15, 2025 Some of Wall Street’s biggest banks reported a surge in profit today on the back of a rebound in dealmaking and strengthening equity markets toward the end of last year. JPMorgan Chase, the US’s biggest lender, said profit had jumped 50 per cent to $14bn (£11.41bn) through the final quarter as its dealmakers and traders [...]
Rolls-Royce shares slip following broker downgrade January 6, 2025 Rolls-Royce shares dipped more than three per cent in early deals this morning after analysts at investment bank Citi downgraded the stock. The analysts downgraded the FTSE 100 giant from a ‘Buy’ to a ‘Neutral’ rating while increasing the price target from 555p to 641p. Despite the stock currently sitting at 576p, the analysts said [...]
HSBC poaches Citi veteran to lead Innovation Banking November 21, 2024 HSBC has poached Citigroup veteran Emily Turner to be chief executive of its Innovation Banking arm, formerly known as Silicon Valley Bank UK. Turner is due to join the bank in February, subject to regulatory approval, succeeding Erin Platts – who will join investment firm Octopus Ventures in the new year. A 13-year veteran of [...]
Square Mile and Me: Broadridge International president Mike Sleightholme October 31, 2024 Each week we dig into the memory bank of the City’s great and good. Today, it's Mike Sleightholme, international president of S&P 500 fintech Broadridge.