Cavendish slides to loss despite consistent growth July 15, 2024 One of the City's newest investment banks has slashed its dividend after sliding into the red despite rapid growth. Cavendish raked in £48m in revenue in the year ended March 31, up nearly fifty per cent on the previous year.
Wall Street banks JPMorgan and Goldman Sachs set for earnings boost on dealmaking rebound July 8, 2024 Wall Street lenders are set to post higher investment banking fees for the second quarter of 2024, as early signs of a rebound in dealmaking partly offset weaker growth in lending income.
Deutsche Bank starts cutting jobs at Numis after merger July 4, 2024 Deutsche Bank has started cutting jobs at Numis after the German giant acquired the City-based investment bank for £410m last October.
Peel Hunt enjoys revenue boost amid ‘pick up’ in capital markets activity July 4, 2024 Peel Hunt has reported signs of a recovery in IPO activity as the investment bank and London Stock Exchange alike look to bounce back from a challenging 2023.
JPMorgan overtakes Barclays in UK deal fee ranking in blow to investment bank July 3, 2024 JPMorgan has jumped ahead of Barclays to take the top spot in a UK deal fee league table in a blow to the British lender's investment banking ambitions.
Barclays ordered to review exposure to private equity June 14, 2024 The UK's main banking regulator has reportedly instructed Barclays to review its leveraged finance unit amid growing concern over how lenders are measuring their exposure to private equity.
Banks struggle on compliance with staff Whatsapp bans as regulators dish out heavy fines June 13, 2024 Investment banks are increasingly struggling to get workers to comply with bans on using Whatsapp for business communication, a new survey suggests, after a slew of heavy regulatory penalties.
Panmure Liberum to cut dozens of jobs after landmark City merger June 3, 2024 Newly-formed investment bank Panmure Liberum is planning to cut more than two dozen jobs after a merger between two of the City's leading brokers earlier this year.
WH Ireland to sell capital markets arm to investment bank Zeus June 3, 2024 Financial adviser WH Ireland has struck a deal to sell its capital markets division to London-based investment bank Zeus Capital for up to £5m amid increasing consolidation among British stockbrokers.
‘Constant deadlines, zero work-life balance’: Concern over 100-hour weeks after two deaths at Bank of America May 25, 2024 Working conditions for junior staff at some of the world’s largest investment banks have once again hit the headlines following two deaths this month at Bank of America.