Goldman Sachs leads Wall St boom amid trading frenzy and deal-making Banking Wall Street giants were riding high following this week’s round of earnings updates after months market volatility and deal-making helped take trading revenue to record highs. Goldman Sachs led the surge pocketing $4.3bn in equities trading revenue in the last three months of the year – a record for Wall Street banks. Meanwhile, the banks [...]
Barclays shares rise after new buyback launch and jump in income Banking Barclays has set out plans to shift to a quarterly share buyback after the firm recorded a surge in total income for the third quarter. The FTSE 100 titan netted £7.2bn in total income, breezing past as internal analyst consensus of £7bn. The figure was also up nine per cent year-on-year. The bank said it [...]
Barclays investment bank powers £1bn profit jump in first half Banking Barclays rounded off the first half of 2025 with a major bump in profit as its all-important investment banking arm rallied on global markets turmoil. The FTSE 100 bank delivered a 28 per cent increase in profit before tax as it topped £5.2bn for the first six months of the year. The firm’s investment bank [...]
Exclusive: Panmure Liberum to ‘reinvigorate’ City market with banking tie-up July 15, 2025 Investment bank Panmure Liberum has joined forces with Nedbank in a push to expand their reach across equity capital markets and drive dual-listings across the UK and South Africa. London-headquartered Panmure will collaborate with Nedbank’s corporate and investment banking division to produce equity research across UK and South African markets. The deal aims to provide [...]
Cavendish shares eye year high after rejecting deals unit takeover June 24, 2025 Shares in investment bank Cavendish spiked on Tuesday as the firm confirmed it had rejected takeover interest in its deals unit after facing private equity-backed interest. Cavendish had been approached regarding a deal that would break up the London-listed investment bank by Smith and Williamson (S&W). The value of the offer remains unclear, Sky News [...]
Peel Hunt: Bonuses scrapped for third year running June 18, 2025 Peel Hunt has scrapped bonuses for its top executives for a third year running as losses at the investment bank continued. Chief executive Steven Fine took home a pay packet of £465,000 for the year to 31 March, 2025, while chief financial and operating officer Sunil Dhall received £316,000, according to its latest annual report. [...]
Barclays calls in McKinsey to find savings in investment arm June 17, 2025 Barclays has tapped global consultancy giant McKinsey in a bid to identify cost-saving areas across its investment banking arm. The FTSE 100 bank is looking to simplify its investment bank, with consultants examining the front office, finance, risk and technology divisions. The consultants will be looking at duplication of work and whether tasks can be [...]
Peel Hunt: UK stock market held back by ‘lack of self esteem’ June 16, 2025 The boss of City broker Peel Hunt has said London markets are being held back by a “domestic lack of self esteem”. Steven Fine, Peel Hunt’s chief executive, told City AM the UK believes it is in “a lot worse shape than the rest of the world does,” which has led to a cheapening of [...]
Peel Hunt: City broker makes a loss amid economic headwinds June 16, 2025 Investment bank Peel Hunt faced the pinch of economic and market struggles in its latest financial year as cost-cutting measures took a chunk out of the firm’s bottom line. The City broker made a loss before tax of £3.5m, which the firm said was due to restructuring costs. But the company recorded a profit of [...]
JP Morgan launches risk-rated investment portfolios June 3, 2025 JP Morgan plans to scale up its UK investment offering after fresh research revealed a huge frustration among UK retail investors. The lender found nearly one in six UK investors were unsatisfied with the income they received from investments, despite two-thirds saying the income from investing was important. The firm is using its Asset Management [...]