Citigroup set to cut UK jobs after CEO Jane Fraser’s sweeping changes
Citigroup is set to roll out job cuts in its UK operations next week as the Wall Street bank simplifies...
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Fund houses cut more from research budgets despite looming MiFID II overhaul
When the UK unveiled plans to reverse MiFID II unbundling in July, asset managers were meant to start ploughing more money into...
American Airlines, Moderna, Ford, Citigroup, Apple, and More Stock Market Movers
American Airlines (ticker: AAL) slid 5.7% after cutting guidance, prompted by higher labor costs following its pay agreement with pilots...
Overhaul UK pensions to fix equities market
Renowned City stock-picker Richard Buxton has called for a shake-up of the £2.5tn pensions market to “breathe new life” into...
Morgan Stanley’s Mike Wilson warns too much optimism in U.S. stock prices as rebound in economic growth is unlikely in 2023
U.S. investors are pricing in too much optimism in the stock market as this year’s rally feeds into their views...
Pension funds have gone ‘radio silent’ on crypto
When Ruffer invested around $600m into bitcoin at the end of 2020, pension funds took notice and began calling their...
BNP Paribas eyes Wall Street dealmaking push after European gains
BNP Paribas is pushing to grow its dealmaking business in the US, part of a broader plan by the French...
Citigroup hires Goldman’s Carles Jou to bolster European leveraged finance
Citigroup has hired a senior Goldman Sachs banker for its leveraged finance team as the Wall Street bank looks to...
Perella Weinberg bolsters staff by 40% in UK hiring spree
Boutique investment bank Perella Weinberg increased UK dealmaker numbers by 40% last year as larger rivals culled staff amid a...
Evercore plans Paris office launch with 15 dealmakers
Boutique investment bank Evercore is set to launch an operation in Paris, hiring dealmakers in the French capital as its...
