Financial Investment Services
- Finance
Private equity firms eye banking hires to serve wealthy investors: ‘There’s a run on the bank for talent’
Private equity managers are competing fiercely for talent as they attempt to build out their capacity to raise money from…
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Peter Thiel, Coinbase-backed crypto lender suspends withdrawals
A cryptocurrency lender backed by Peter Thiel and Coinbase suspended withdrawals, trading and deposits on its platform, citing volatile market…
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Coinbase bets on derivatives product to offset weakness in spot-trading business
Coinbase Global just launched a derivatives product, its latest attempt to move into a new field and offset weakness in…
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Mid-market specialist William Blair adds five senior dealmakers
Mid-market investment bank William Blair has hired five senior dealmakers to its European business, adding more firepower to its operation…
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Trading Places: HSBC bolsters green team, Citi’s European push continues, Nutmeg boss leaves
HSBC promoted one of its top investment bankers to lead a new team of dealmakers tackling sustainable finance — a key…
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Are financial markets closed July 4?
As the Independence Day holiday approaches, Americans are preparing for a long weekend of barbecues and fireworks shows to celebrate…
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Jupiter’s CEO choice draws criticism from former board member
Jupiter’s decision to appoint Matthew Beesley as its next chief executive is unlikely to “fix” the problem of its plummeting…
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Nutmeg CEO steps down after JPMorgan takeover: ‘I am now taking some time out’
The boss of the UK’s largest digital wealth manager Nutmeg has stepped down following the firm’s buyout by JPMorgan. A…
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Research Affiliates CEO calls crypto a ‘Ponzi scheme,’ questions ‘substance’ of blockchain
The chief executive of California-based asset manager Research Affiliates has called cryptocurrencies a “Ponzi scheme”, claiming bitcoin and the blockchain…
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Credit Suisse bolsters compliance, plans cost cuts from technology for turnaround
Credit Suisse has hired 22 senior compliance professionals this year and bolstered headcount in the division as it looks to…
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Crypto exchange CoinFlex won’t lift withdrawal freeze yet, despite ‘significant progress’ in rescue token fundraising, CEO says
Crypto exchange CoinFlex, which has halted user withdrawals since June 23, will not lift the freeze on Thursday as originally…
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Investment bank fees fall by $24bn as deal boom loses steam
Dealmaking fees at top investment banks slumped by as much as 56% during the first half of 2022, as recessionary fears and…
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FTX boss Sam Bankman-Fried dismisses reports of Robinhood acquisition
Sam Bankman-Fried, chief executive at crypto exchange FTX, said the company is not having any active mergers and acquisitions conversations…
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Jupiter CEO Andrew Formica to step down
Jupiter Fund Management has announced that Andrew Formica will step down as chief executive of the FTSE 250-listed asset manager…
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HSBC names top dealmaker Alexi Chan to lead new sustainable finance team
HSBC has promoted one of its top investment bankers to lead a new team of dealmakers tackling sustainable finance —…
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Robinhood Could Benefit From Rate Hikes. That’s Why This Analyst Upgraded the Stock.
Dreamstime Robinhood Markets stock was rising on Monday after the retail brokerage received an upgrade from analysts at Goldman Sachs,…
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Citigroup hires Deutsche Bank veteran Patrick Frowein in senior dealmaking role
Citigroup has hired Deutsche Bank’s former head of investment banking coverage in Europe into a key role, as the US…
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Nomura hikes junior pay for a second time, matching Wall Street rivals
Japanese bank Nomura has hiked junior banker salaries for a second time within a year, matching Wall Street rivals amid…
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Congressional review of ‘meme stock’ trading frenzy shows Robinhood’s liquidity troubles worse than reported
The House Financial Services Committee on Friday issued a long-awaited report on the “meme” stock phenomena, shining new light on…
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Analysts see lowest grades for Bank of America and JPMorgan in Fed’s stress test
Bank of America Corp. and JPMorgan Chase & Co. emerged with the lowest marks among the overall passing grade for…
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Trading Places: Perella poaches Klaassen, Barclays backs Vohra, TP ICAP takes Fields
This week was a big one for ESG leaders, as Financial News unveiled our inaugural list of the Fifty Most…
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Cristiano Ronaldo kicks off crypto partnership with Binance in multi-year NFT deal
Cristiano Ronaldo has become the latest sports star to dip his toes into the world of cryptocurrency despite the crisis…
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Wall Street tales from a Black trader: ‘We felt that every set of eyes on the trading floor was focused on us’
J Derek Penn is one of Wall Street’s veteran traders. He also happens to be one of the first few…
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DWS chief exec says greenwashing allegations and personal attacks were a burden, ‘especially for my family’
The outgoing chief executive of DWS will tell shareholders at its upcoming annual general meeting that greenwashing allegations made against…
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Citigroup names Alexander Stiris to lead European commercial bank ahead of hiring spree
Citigroup has shifted its top dealmaker in the Nordic region to lead its commercial banking operation in Europe as it…
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Perella Weinberg hires Barclays dealmaker in private markets push
Perella Weinberg Partners has hired a senior dealmaker from Barclays as the boutique continues to expand its coverage of private…
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Deutsche Borse strikes crypto deal in search for ‘high-quality’ data
Deutsche Borse is partnering with digital assets data provider Kaiko to extend its data offering to the crypto space. The…
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Martin Gilbert’s AssetCo strikes deal for SVM to build Edinburgh hub
AssetCo, the deals company set up by fund management veteran Martin Gilbert, has snapped up Edinburgh-headquartered SVM Asset Management to help…
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Crypto CEOs told to display ‘a little humility’ as crash claims more than a thousand jobs
Charley Cooper, former chief operating officer at the US Commodity Futures Trading Commission, has a warning for crypto bosses as…
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How a small group of BlackRock analysts speaks for millions of investors
BlackRock casts votes on tens of thousands of proxy proposals a year. The responsibility rests with a team of about…
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How Robinhood’s fairy tale started to unravel
Few companies embodied the market mania of the past two years quite like Robinhood. The flashy online brokerage ushered in an…
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Natixis affiliate Mirova snaps up renewable energy investor in emerging markets push
Natixis Investment Managers affiliate Mirova has bought a specialist private debt firm that finances renewable energy projects in Africa and Asia as…
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Bitcoin rallies back above $20,000 on Sunday, after hitting 18-month low
Bitcoin prices rallied Sunday, topping the $20,000 level again after falling to an 18-month low Saturday amid a weeks-long cryptocurrency…
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Santander names Héctor Grisi as new chief executive
Banco Santander named Héctor Grisi, its head of Mexico and North America operations as its new chief executive, as the…
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HSBC promotes veteran dealmaker James Horsburgh to lead private capital unit
HSBC has named a senior dealmaker to lead its coverage of private capital as large investment banks look to drum up more…
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JPMorgan hires Gokul Mani to lead emerging markets ECM unit
JPMorgan has hired a former Bank of America dealmaker to head up its equity advisory unit covering emerging markets following a…
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Credit Suisse bolsters UK investment bank with JPMorgan and BNP Paribas hires
Credit Suisse has hired a pair of senior dealmakers for its UK investment banking team as it looks to rebuild…
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Will Coinbase go bankrupt? CEO says company has ‘no risk of bankruptcy’
““We have no risk of bankruptcy.”” That’s a quote from Brian Armstrong, chief executive and co-founder of cryptocurrency exchange platform…
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Coinbase slashes 1,000 jobs amid crypto market crash
Coinbase is cutting 1,000 jobs – about a fifth of its employees – amid a meltdown in crypto and a…
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Coinbase to lay off 18% of employees following hiring freeze
Coinbase is laying off 18% of its employees less than two weeks after the company said it would extend a…
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Berenberg cuts 50 jobs in New York amid weaker markets
German bank Berenberg has laid off around 50 people in its New York office in the latest sign that investment…
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State Street rules out bid for Credit Suisse after report of takeover offer
State Street denies that it is set to bid for troubled Swiss lender Credit Suisse after a report of an acquisition sparked…
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Charles Schwab pays $186m to settle robo-adviser issues
WASHINGTON — Charles Schwab will pay more than $186m to settle a regulatory investigation that found it didn’t adequately disclose…
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Ex-Goldman Sachs dealmakers’ boutique pays London staff $10.2m after bumper year
A boutique investment bank started by a group of former Goldman Sachs bankers more than doubled profit in the UK last…
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Credit Suisse CEO Gottstein says he has ‘firepower’ to cut costs amid profit warning
Credit Suisse chief executive Thomas Gottstein said the bank has “firepower” to cut costs in frontline staff, and will scale…
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BlackRock to expand proxy voting to large investors in Canadian, Irish funds
BlackRock is expanding a recently launched program that gives some of its largest clients a direct say in proxy voting,…
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Trading Places: Centerview nabs JPMorgan execs, Coinbase rescinds banker offers, BlackRock hires in ESG
Centerview Partners hired a pair of senior dealmakers from JPMorgan to cover the healthcare sector. Rakesh Mehta, who was most recently…
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BlackRock bolsters Emea sustainable leadership team
BlackRock has made several high-profile hires and promotions across its sustainable investing team in Emea — a region that has contributed…
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State Street, Credit Suisse deal ‘highly unlikely’ say analysts after report of bid sends shares higher
State Street has declined to comment on reports that it is set to make a bid for Credit Suisse, but…
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Why banning payment for order flow is easier said than done
Is it possible to ban payment for order flow without banning payment for order flow? That is the question that…
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