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An activist hedge fund backed by a former top Credit Suisse executive wants...
Swiss hedge fund RBR Capital Advisors will announce this week a plan to split apart Credit Suisse, the Financial Times reported Monday.The firm is proposing to split Credit Suisse into three parts: an...
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No wonder investors are rushing into cryptocurrencies — average ICO returns...
Report from VC Mangrove Capital says average return across 204 initial coin offerings is 1,320%.Figure comes amid growing interest from hedge funds and investment banks in the cryptocurrency space,...
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We asked 2 of Citigroup's top executives what they look for when hiring...
Citigroup's investment bank has been showing signs of progress and competing among Wall Street's best.We asked two of the bank's top executives what they look for when hiring senior investment...
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Why Jefferies is surging and snatching back business from Wall Street's top...
Jefferies on Tuesday reported record earnings, driven by a strong year from its investment bank.It's part of a resurgence for the firm, which jumped two spots to ninth in US investment banking...
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The 3 partners of a boutique Mayfair M&A firm made £63 million between them...
Three partners of M&A boutique Robey Warshaw shared profits of more than £63 million, according to latest accounts.Profits up by around 75% on the previous year after bagging roles on series of...
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Here's a definitive guide to the state of each business on Wall Street, which...
Wall Street investment banks had a rough 2017 as revenues slid to $150.4 billion — the lowest level since 2008. Struggles in trading plagued the banks, with fixed income, currency, and commodities...
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Deutsche Bank is axing up to 500 trading and investment-banking jobs
Deutsche Bank is planning to cut up to 500 trading and investment-banking jobs globally.Redundancies are part of plans to cut costs after three years of deep losses at the bank.LONDON — Deutsche Bank...
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Here are the biggest takeaways from the Investment Banking Recruiting Report
UPenn and NYU are atop the list of most investment banking recruits.But those two have slipped in the ranking between 2016 and 2017.State schools are gaining ground on the Ivey's in IB recruitment.As...
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Deutsche Bank's UK staff are getting an extra 5 days of holiday – but it's...
Deutsche Bank UK staff are to get an extra five days holiday, boosting the annual allowance to 30 days.The change takes effect on April 1, a few weeks after bonuses are announced in March.UK Deutsche...
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A tiny 3-partner boutique scored a key role on Comcast's huge £22 billion Sky...
Three-partner boutique Robey Warshaw scored a mandate on Comcast's £22 billion offer for Sky.The firm's profits were up by around 75% last year after bagging roles on series of huge takeover...
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One in 4 UK bankers say their job is harming their health and mental wellbeing
Twenty six percent of British bankers believe their job negatively impacts their health and wellbeing.That's according to the third annual review from the Banking Standards Board.Investment banking,...
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Goldman Sachs has a 56% gender pay gap in the UK — and 72% when bonuses are...
Goldman Sachs published UK gender pay gap data on Friday.Men get paid an average of 55% more than women at the firm, while the gap between average bonuses for men and women is 72%.Goldman says: "We...
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Deutsche Bank jumps after naming its new CEO (DB)
Deutsche Bank announced co-CEO Christian Sewing would takeover as chief executive, effective immediately.Shares of the firm rose, but the new boss will face tough questions over the bank's future. You...
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A brutal email sent to young Wall Street bankers shows exactly why too much...
A brutal email sent by a staffer at Moelis & Co, an investment bank, shows how tough it can be for young Wall Streeters.The note, which has been making the rounds on social media, said "the only...
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The ECB wants Deutsche Bank to work out how much it would cost to quit...
The ECB has asked Deutsche Bank to calculate the cost of winding down its investment bank.The bank has been privately assessing the potential cost for some time, unrelated to recent CEO change.The...
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UBS investment bankers were given a target of 300 client meetings a year to...
UBS's first-quarter profit rose 17% but shares fell 4% in Zurich.The bank's global wealth management business missed forecasts.The investment bank did better than expected thanks to the return of...
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There's a war for talent on Wall Street for dealmakers who work with the...
There's a war for talent underway on Wall Street for investment bankers who specialize in consumer mergers and acquisitions.A rash of senior-level consumer investment bankers have been poached by...
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Guggenheim has lured a senior healthcare banker away from Bank of America...
Guggenheim Securities has hired a senior healthcare dealmaker from Bank of America Merrill Lynch.Mandar Vadhavkar is joining Guggenheim after more than a decade at Bank of America. Guggenheim has been...
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Goldman Sachs is setting up a research lab in Stockholm with a 'no shoes' policy
Goldman Sachs is taking new office space in Stockholm, increasing its capacity in the city from 30 staff to 100.Stockholm will be home to a new "R&D lab" where securities technologies will be...
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BARCLAYS: Deutsche Bank will 'continue losing market share and struggle to...
Barclays initiated coverage of Deutsche Bank with forecasts "materially below consensus, which is already well below management targets."Barclays believes Deutsche Bank will struggle to cut costs, is...
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