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...
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‘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 —...
The City’s regulators are stuck in group-think
It is 3.30pm on a Saturday in late January. Baron Andrew Tyrie hasn’t downed tools for the weekend. He’s emailing...
London battles to get its mojo back
When UK chip-designer Arm’s stock price surged 25% on the first day of trading after its bumper $5.2bn IPO on 14 September,...
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...
European Banks Should be More Globally Competitive, Deutsche Bank CEO Says
Published: Sept. 20, 2023 at 4:20 a.m. ET By Pierre Bertrand European banks are lagging behind their international competitors, lacking...
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...
US Vows To Enforce Use Of Iranian Funds In Deal
The United States on Tuesday vowed enforcement on how Iran uses $6 billion being unfrozen in a deal to release...
