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Investment Banking News

  • Morgan Stanley partners Prince’s Trust

    Morgan Stanley has signed up to a two-year charity partnership with The Prince’s Trust, which helps disadvantaged young people across the UK. Voted for by the bank’s staff in London, the new partnership will see employees bidding to raise £500,000, … Read more »

  • ESMA issues first risk report on EU securities markets

    The European Securities and Markets Authority (ESMA) has published its first report on trends, risks and vulnerabilities in European Union (EU) securities markets. The study looks at the performance of securities markets in 2012, assessing both trends and risks to … Read more »

  • Clearstream’s direct link to Russia to go live

    Clearstream says it will be offering competitive prices and deadlines in settling Russian government bonds, from February. The firm, which is a member of the Deutsche Börse group, will launch a direct settlement link to the Russian market following the … Read more »

  • Barclays to cut at least 3,700 jobs

    Barclays has announced the outcome of its strategic review of 75 business units, which will cost at least 3,700 jobs across the group. Job losses include 1,800 in corporate and investment banking and 1,900 in Europe retail and business banking. … Read more »

  • Goldman’s Jim O’Neill to retire

    Jim O’Neill, chairman of Goldman Sachs Asset Management, will be retiring later this year after nearly 20 years of service. Mr O’Neill is regarded as an expert in the world’s foreign exchange and bond markets and is credited with having … Read more »

  • Banking Reform Bill unveiled

    The Banking Reform Bill has been introduced in the House of Commons today and promises to deliver the most radical reform to UK banking in a generation. The Bill aims to make banks more resilient to shocks and more resolvable … Read more »

  • EU progresses financial transaction tax

    Eleven of the EU’s 27 member states are asking for enhanced cooperation on a financial transaction tax (FTT). While there is insufficient support for an FTT throughout the EU, certain states are asking for the scope and objectives of such … Read more »

  • BNP Paribas strengthens investment resources

    BNP Paribas Wealth Management is strengthening its investment strategy resources in response to growing demand for market intelligence from its private banking customers. Florent Bronès, the bank’s newly appointed chief investment officer, is tasked with the overall management of investment … Read more »

  • Deutsche Bank world’s No 1 fixed-income bank

    Deutsche Bank has retained its position as the global market share leader in fixed income for the third consecutive year, according to the industry benchmark study by Greenwich Associates. The financial services consulting firm reports that the bank captured a … Read more »

  • Credit Suisse sells EFT business to BlackRock

    Credit Suisse is selling its Exchange Traded Funds (ETF) business to asset manager, BlackRock. The bank says the move is “an important strategic step in an industry that requires significant scale, and allows Credit Suisse to realise value in a … Read more »

  • JPMorgan appoints head of regulatory strategy

    JPMorgan Chase has announced that Tim Ryan is re-joining the firm as global head of regulatory strategy and policy. Mr Ryan is currently chief executive officer of the Securities Industry and Financial Markets Association (SIFMA) but before joining SIFMA in … Read more »

  • Influential think-tank backs splitting banks

    The Institute for Public Policy Research (IPPR) has been weighting up the arguments for and against the financial sector, and analysing the role of the sector in the UK economy. In a new report the IPPR focuses on the risks … Read more »

  • OFT clears LSE acquisition of LCH.Clearnet

    The Office of Fair Trading (OFT) has cleared the proposed acquisition by the London Stock Exchange Group (LSEG) of a majority stake in international clearing house, LCH.Clearnet. LCH clears a broad range of asset classes, including securities, exchange-traded derivatives, commodities, … Read more »

  • Timetable on ending LIBOR rates published

    The British Bankers’ Association (BBA) has published a timetable for ending LIBOR quotes in some currencies and maturities. The move follows a month-long consultation with market users although a phased discontinuation of certain LIBOR rates is in line with the … Read more »

  • Deutsche Bank releases 2013 Renminbi forecasts

    Deutsche Bank has outlined its 2013 forecasts for key performance indicators in the offshore Renminbi (RMB) market. Looking ahead, the bank expects 2013 to be a year focused on addressing offshore RMB liquidity supply concerns through further capital account liberalisation. … Read more »

  • Clearstream establishes Dublin branch

    Supplier of post-trading services and Deutsche Börse subsidiary, Clearstream, has established a branch in Dublin with the aim of extending its offering in the area of investment funds to hedge funds. In fact, the new branch will further the company’s … Read more »

  • London leading cross-border IPO destination

    A new study from PricewaterhouseCoopers (PwC) covering ten years and polling over 200 investment bankers, issuers and stock exchange representatives, shows cross-border Initial Public Offering (IPO) activity accounting for almost a fifth of the global IPO proceeds raised. From 2002 … Read more »

  • UBS fined £29.7m over Adoboli fraud case

    The Financial Services Authority (FSA) has fined UBS £29.7 million for systems and controls failings that allowed its ex-trader, Kweku Adoboli, to cause losses totalling $2.3 billion as a result of unauthorised trading. Between June and September 2011, Mr Adoboli … Read more »

  • Global investment bank headcount to fall by 40,000

    Global investment banks have improved their performance over the past few months but structural earnings problems persist, according to strategy consultants, Roland Berger. The firm reports that investment banks generated solid third-quarter revenues of around €60 billion, and that full … Read more »

  • StanChart launches Renminbi Globalisation Index

    Standard Chartered is claiming an industry first with the launch of its Renminbi Globalisation Index (RGI) which tracks the progress of Renminbi-based business activity worldwide. Released on a monthly basis, the index offers corporates and investors an insight into the … Read more »