Barclays set for investment bank boost as Venkat’s overhaul in focus Banking Barclays‘ investment bank could be in line for another major boost. But Samuel Norman takes a look at the progress investors will be wanting to hear on its latest strategy plans. When CS Venkatakrishnan laid out his sweeping restructuring of Barclays he promised a “simpler, better and more balanced” bank. Key to this was reducing [...]
What could a bank tax raid mean for JP Morgan’s Canary Wharf mega-tower? Banking When Jamie Dimon and John Healey first exchanged remarks, the world’s most influential banker told the Chancellor how important it was to get public policy right. The Wall Street chief is understood to have said the right public policy was the key to solving the issues facing global economies, according to those close to the [...]
‘It’s hard to call the peak’: Wall Street banks land $22bn trading haul Banking Traders at Wall Street’s biggest banks kept their blockbuster winning streak alive in the third-quarter as they made hay on volatility triggered by the war in Iran and swinging AI stocks. Equity trading divisions at the big six US banks – JP Morgan, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and Wells Fargo – [...]
Dimon warns of risks ‘under the surface’ as JP Morgan earnings miss October 13, 2026 JP Morgan boss Jamie Dimon has warned of a broad set of economic risks “under the surface” as the Wall Street bank’s earnings missed expectations in the third quarter. The US banking giant reported $50.9bn (£38.4bn) in revenue for its latest three month period, up eight per cent year-on-year. But this undershot the $51.2bn forecast [...]
FTSE 100 bosses’ pay boom fails to bridge Wall Street gap September 29, 2026 Pay for FTSE 100 bosses ballooned over the last year as boards turned to share bonuses in a bid to catch up with the compensation offered by US giants. The median granted chief executive pay in London’s blue-chip index swelled 16 per cent to £6.1m, according to a report from Diligent Market Intelligence. Long-term incentives [...]
Ebru Koksal: ‘Women tend to ask difficult questions, and that’s not always liked’ August 10, 2026 Former investment banker turned CEO of Galatasaray, Turkish FA chief and advisor to Fifa and Uefa Ebru Koksal on the barriers faced by women in football, how it compares to the world of finance, and what England has got right. Ebru Koksal’s path to becoming a trailblazing female figure and one of the most respected [...]
Big bank bosses on alert as tax noise gets louder under Burnham August 5, 2026 Banks have delivered booming profits for the first half of the year. In this week’s column Samuel Norman takes a look at how the calls for a tax rise on the sector will get louder under the new Prime Minister. “The saxophones are getting louder” is the internet’s new saying to depict growing anxiety. If you [...]
Microsoft ‘back on track’, whilst Meta spending leaves investors ‘nervous’ July 30, 2026 Microsoft saw strong growth over the last quarter as demand for its AI products continued to climb, while Meta’s rising spending on AI overshadowed record sales and sent its shares lower. The two US tech giants reported quarterly results after the closing bell on Wednesday, offering investors a clear picture of whether billions of dollars [...]
Burnham set for crunch decision on JP Morgan’s £10bn tower July 16, 2026 Andy Burnham’s government will face a crunch decision on the future of JP Morgan’s flagship tower in Canary Wharf as it weighs whether to uphold a major tax break for the project despite opposition from industry groups. The next Chancellor will serve as the final arbiter on the framework of a business rates exemption for [...]
Fresh tech sell-off fears as investor chip frenzy cools July 13, 2026 Chipmaking stocks plunged in Seoul and New York on Monday as investors opted to cash out of SK Hynix following a blistering share price rally following its Nasdaq debut last week. The Kospi, Seoul’s blue-chip index, tumbled 8.9 per cent to 6,806.9 points, dragging it further from the 9,000 mark it was touching just under [...]