Citigroup to cut 35 UK investment banking jobs as dealmaking drought continues
Citigroup is set to cut 35 jobs in its UK investment bank amid a sweeping reorganisation unveiled by its chief...
archivesecurities
‘We are not the typical US player’
Breaking into Europe’s competitive exchange traded funds market has been a long-standing ambition for ARK Invest, the US firm founded...
Can JPMorgan make Nutmeg a success two years after its landmark deal?
In 2021, JPMorgan executives were considering taking a stake in digital wealth manager Nutmeg. But there was a problem —...
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...
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...
