Morgan Stanley sails past estimates as investment banking rebound boosts profit Banking Morgan Stanley's profit has been lifted by a recovery in investment banking as the firm joins fellow Wall Street giants in benefitting from a rebound in dealmaking and capital markets activity.
Third Point changes strategy on activist investors in bid to fix discount Hedge Fund Hedge fund Third Point has appointed a duo of activist investors to its board in a bid to close the trust's wide gap between its net asset value and share price, despite previously strongly opposing them.
Peel Hunt expects second straight annual loss amid tough dealmaking market but sees green shoots banking Peel Hunt expects to report a second straight annual loss for its last financial year as the investment bank grapples with a reduced appetite for dealmaking and IPOs.
Exclusive: ThinCats builds £300m fund to boost British businesses March 25, 2024 A £300m fund has been unveiled by alternative lender ThinCats in order to boost British businesses.
Mercia wins additional British Business Bank contracts to boost growth in Yorkshire and the Humber March 21, 2024 London-based asset manager Mercia has won two more regional investment fund mandates from the British Business Bank.
Letter to the editor: Brits must break up with banks February 27, 2024 Re: More than £1trn languishing in low-interest savings accounts I’ve always struggled to understand why kids in the UK don’t learn about managing their finances at school.A lack of financial education means lots of millennials have had a long-term, one sided relationship with their bank. They’ve grown up to believe that the right thing to [...]
Letters to the editor: Tourist tax proves puzzling, cross words for our crossword February 16, 2024 Each week we at City A.M. Towers receive some enlightening and occasionally constructively critical letters. Here are our favourites from this week.
U-turn if you want to: Five financial policies Keir Starmer has scrapped as Labour leader February 14, 2024 City A.M. takes you through five other financial policies Keir Starmer has expressed a change of heart on since taking over his party.
Investment banks cut job vacancies in half as dealmaking slump hits recruitment and bonuses February 12, 2024 Major investment banks have cut their number of UK job vacancies in half over the last year as a dealmaking slump puts a strain on recruitment and bonuses.
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.