Fresh FSA probe overshadows Barclays' profits
Barclays beat analyst expectations this morning with a strong set of first-half figures but promptly had the gloss removed by revelations of a new investigation by the UK regulator
View ArticleGBM profits survive Europe nosedive at HSBC
The European business of HSBC’s global banking and markets unit suffered from a lack of stimulus from the ECB in the second quarter
View ArticleQ&A with Daniel Pinto: Co-CEO of JP Morgan CIB
JP Morgan's most senior banker in London, appointed to his new role last week, talks to Financial News about the firm's decision to combine its corporate and investment banks
View ArticleCheer up: things can only get better for US investment banks…
You can make a case that 2012 could yet shape up to be a decent year for US investment banks, at least for those staff left standing at the end of it
View ArticleCiti sheds research staff in London and New York
The US bank has reduced headcount in its research teams covering the European technology and US pharmaceuticals sectors, according to sources
View ArticleNomura won’t turn just Japanese
There are flaws in the assumption that Watanabe’s resignation will end the firm’s global ambitions
View ArticleInvestment bank to bear brunt of savage cuts at Deutsche
Anshu Jain tells analysts that 1,500 jobs will go at Deutsche Bank's investment bank as part of an ongoing cost-cutting drive
View ArticleThe hidden costs killing investment banks
Banks have made surprising progress in cutting pay, but non-compensation costs are proving to be remarkably stubborn
View ArticleErmotti warns of 'need to adapt' in new era
UBS chief executive says investment banking industry is 'in a mid-nineties environment' as Swiss bank reports second quarter loss that includes $350m hit from Facebook’s initial public offering
View ArticleStandard Chartered's Olympian run gives rivals food for thought
The Asia-focused bank, backed by a business model that may become increasingly popular in the sector, has enjoyed a stellar run of profits
View ArticleLosses deepen for Macquarie's Europe subsidiary
Australian bank's European subsidiary, which houses its cash equities and corporate advisory businesses, reported a loss of £26.5m for the year to March 31
View ArticleCorporate banking provides second-quarter comfort at BNP Paribas
Challenging markets weigh heavily on all aspects of French bank's investment banking business, but it was a happier picture on the corporate banking side
View ArticleProfits fall 70% at RBS's revamped Markets unit
UK bank follows other large rates houses in reporting depressed figures for the second quarter amid the absence of further market intervention from the ECB
View ArticleWhen trading algos go bad...
As Knight Capital reels from a technical glitch that has left it scrambling for capital, Financial News looks at five reasons why financial algorithms can start to behave irrationally
View ArticleApollo focuses on European credit
The alternatives manager, which has just raised $1.6bn for a second European fund, has said that debt opportunities in Europe could offer better returns than private equity
View ArticleBNP Paribas loses top commodities sales chief
Jose Cogolludo set for Citigroup role after five years with the French bank
View ArticleRedburn results prove resilient as independents have their day
Figures from Europe's largest independent equities broker are in sharp contrast to the equities businesses of the region’s largest investment banks
View ArticleGetco CEO saw Knight deal as good investment
Rival trading firm says the Knight's's presence in US markets is critical for smaller company stocks
View ArticleCiti launches investment bank joint venture in China
Other global banks have already formed joint ventures with Chinese securities firms in the past few years
View ArticleBank traders predict dim prospects for Libor
Only a third of traders on banks’ interest-rate dealing desks think Libor, the interbank lending rate that has been plagued by a fixing scandal, will survive unaffected in the long term
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