Integrated Banks
- Finance
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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UBS in $25m SEC settlement over complex options products
UBS agreed to pay $25m to settle fraud charges from the Securities and Exchange Commission over a complex options-trading strategy…
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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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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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JPMorgan leaves the LME nickel crisis behind
US investment bank JPMorgan no longer has exposure to nickel. A drop in the price of the metal at the…
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Credit Suisse fined $2m over money laundering linked to cocaine trafficking
Credit Suisse and a former employee were found guilty 27 June in a Swiss federal criminal court of helping a Bulgarian crime…
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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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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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Black bankers in senior ranks at Goldman, JPMorgan show ‘snail’s pace’ of diversity drives
Wall Street banks are making slow and patchy progress on improving diversity, latest figures show. Banks are providing new clarity on…
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SocGen accuses Clifford Chance of negligence in £384m gold bullion dispute
Societe Generale has accused Clifford Chance of negligence over its work for the bank in a dispute over £384m-worth of…
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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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Barclays hires Bank of America veteran Arif Vohra to co-head FIG in Europe
Barclays has hired a Bank of America veteran to co-head its coverage of financial institutions in Europe after a number…
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Does Wall Street have a diversity problem?
With two weeks to go before the second anniversary of George Floyd’s murder, which triggered a tremendous outpouring of grief and…
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Credit Suisse seeks way out of $607m Bermuda court claim
Credit Suisse’s Bermuda life insurance unit said a loophole in Bermuda company law means it shouldn’t have to pay a…
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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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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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Why a Credit Suisse takeover post-Archegos would need a very bold bidder
Five months ago, following the resignation of Sir António Horta-Osório as chair of Credit Suisse, I suggested it might be a…
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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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Top Credit Suisse shareholder ‘supportive’ of right buyer after shares pop on State Street bid report
One of the largest shareholders in Credit Suisse says he may back a potential takeover bid for the Swiss bank. The…
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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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Credit Suisse on FCA’s watchlist over risk controls
The Financial Conduct Authority has added Credit Suisse to its ‘watchlist’ of firms in the financial services sector, in need…
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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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Deutsche Bank’s former equities chief Peter Selman re-emerges at expert witness firm
The former global head of equities at Deutsche Bank — the last person to lead the unit before the German…
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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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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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Coinbase rescinds job offers to ex-Goldman, JPMorgan and BlackRock workers as crypto winter freezes hiring
Coinbase has become the latest tech company to halt its breakneck hiring spree of the last few years, and is…
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Credit Suisse boss Thomas Gottstein says suggestion of State Street takeover is ‘really stupid’
Credit Suisse chief executive Thomas Gottstein said a report that the bank could be taken over by State Street was…
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SocGen chief exec Frédéric Oudéa says banking talent war has ‘normalised’
Societe Generale chief executive Frédéric Oudéa said the banking recruitment market has “normalised” — another sign that the red-hot market for…
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Credit Suisse hikes junior pay again to $110,000 as salaries spiral
Credit Suisse has hiked junior banker pay for a second time, matching Wall Street peers and Swiss rival UBS as…
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Centerview hires JPMorgan’s Rakesh Mehta and Najeeb Ali to pull in healthcare deals
Centerview Partners has hired a pair of senior dealmakers from JPMorgan to cover the healthcare sector, which remains a hot…
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Citigroup promotes Vassilios Maroulis to head up shipping sector coverage
Citigroup has promoted a long-serving dealmaker to lead its coverage of the global shipping industry. Vassilios Maroulis, a banker who…
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Deutsche Bank moves hundreds of Russia-based staff to Berlin
Deutsche Bank relocated hundreds of employees from its technology centre in Russia to Berlin and decided to make the German…
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Citigroup explains how May trading issue sent European markets into freefall
A Citigroup trader who sent European stock indexes into free fall last month was working from home and went through…
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Elon Musk blasts ESG after DWS office raids over greenwashing allegations
Tesla chief executive Elon Musk slammed the ESG industry again following a raid on asset manager DWS’ Frankfurt offices over greenwashing allegations.…
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JPMorgan CEO Dimon says he’s ‘religious’ about paying bankers well
JPMorgan chief executive Jamie Dimon said he wants to “keep our best people” and is willing to pay up to do…
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Trading Places: DWS boss departs, Fidelity’s 110 crypto hires, JPMorgan’s Brexit moves
A happy Jubilee weekend to all the movers and shakers in the City’s job market this week. Trading Places doesn’t…
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Deutsche Bank’s Fabrizio Campelli: ‘We’ll do what it takes to attract people’
Fabrizio Campelli has worked at Deutsche Bank for nearly two decades and has seen his fair share of storms. But…
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JPMorgan shakes up senior ranks of debt advisory team
JPMorgan has shaken up the senior ranks of its debt capital markets team after a series of promotions at the…
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The Fintech Files: JPMorgan backs blockchain, MPs cool on crypto, R3 on stablecoins
Bitcoin is “worthless,” should not even be considered a currency, and could even be characterised as “a fraud.” No –…
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Frankfurt offices of DWS and Deutsche Bank raided over greenwashing allegations
The Frankfurt offices of Deutsche Bank AG and its asset-management subsidiary DWS Group were searched by authorities on Tuesday over…
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Deutsche Bank, DWS offices raided over greenwashing allegations
The Frankfurt offices of Deutsche Bank AG DB, +0.54% and its asset-management subsidiary DWS Group DWS, -2.82% were searched by…
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Citi, Credit Suisse join JPMorgan in warming to digital currencies
At the World Economic Forum in Switzerland, Credit Suisse chairman Axel Lehmann warned against getting left behind as digital assets win…
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Trading Places: HSBC wants carbon traders, StanChart’s hybrid push, Klarna to axe almost 700
The battle for the future of hybrid working at banks is still well and truly on. Reporting from Davos this…
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JPMorgan pledged $30bn to racial equity efforts but where’s the progress?
JPMorgan Chase made the biggest racial-equity commitment of any US company in the aftermath of George Floyd’s murder in May…
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HSBC exec suspended for ESG comments brought ‘dose of honesty’ to debate, ex-BlackRock sustainable investing chief says
HSBC Asset Management responsible investing head Stuart Kirk caused an uproar when he branded climate warnings from environmental “nut jobs” as false, leading…
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Bank of America CEO Brian Moynihan: ESG transition is a ‘big business opportunity’
Bank of America chief executive, Brian Moynihan, says that the ESG transition is a “big business opportunity” for the bank…
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48,000 StanChart bankers are working hybrid after pandemic overhaul
Close to 48,000 Standard Chartered employees are now working in a formal hybrid pattern after the bank overhauled its working…
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