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Watchmakers are returning to the business of just telling the time. According to a Wall Street Journal report last month , many of the industry's biggest names are turning away from the trickier, gizmo-heavy designs that have become so popular and are adopting a philosophy of less is more. Financial News looks at some of the classic, and timeless, models available to today's watch connoisseur.

Meet Evercore’s new European business: Lexicon Partners

Andrew Sibbald, co-founder of the 100-person strong UK boutique, is set to run European operations of Evercore, which signalled its intent last month when it admitted it was 'punching below its weight' in Europe

Barings and State Street in latest apps launch

New applications for mobile phones and iPads are flooding onto the market, and the latest two set to make a splash hail from the asset management business

Ice chief eyes Liffe after failed NYSE bid

Jeffrey Sprecher tells London conference: 'The reality is we really wanted NYSE Liffe, and we still do'

The bank has agreed to pay back millions to investors in a fund it serviced that lost money from the Bernard Madoff fraud

The former UBS investment chief sells Singer Partners to US asset manager William Blair

Bank's penny-pinching obsession is a sign of the struggle inside many banks and securities firms to overcome sluggish revenue growth and the looming costs of new regulatory and capital requirements

Commodities traders seek out Glencore-type riches

Reduced cash bonuses and downsizing of commodities desks has led to a surge in the numbers of traders leaving banks for commodities groups, such as Switzerland’s Glencore, with recent windfalls promising to drive the trend

Swiss bank keeps top spot in European equity research, sales and trading and execution in survey as Bank of America Merrill Lynch makes headway

European banks have reduced their exposure to peripheral European countries' credit and could afford the potential losses linked to a default.

Morgan Stanley pleased with fixed income progress

Ruth Porat, the chief financial officer, says under investment was to blame for the poor performance in fixed income but believes it is now making progress towards its goal of increasing market share by 2%

The emerging markets specialist has already raised nearly $300m for a fund which takes minority stakes in public companies in India and the Middle East

Co-head of capital markets in Asia is the sixth UBS banker to join the emerging markets specialist since last March

Apax secures loan extension ahead of dividend recap

UK buyout firm continues to take advantage of attractive debt markets ahead of taking out a covenant-lite loan on a portfolio company to pay itself a dividend

https://www.wsj.com/?type=allesseh_content_full_list

The return of the classic watch

Meet Evercore’s new European business: Lexicon Partners

Barings and State Street in latest apps launch

Ice chief eyes Liffe after failed NYSE bid

HSBC in $62.5m Madoff settlement

Brian Singer sells hedge fund

At Morgan Stanley, focus put on costs

Commodities traders seek out Glencore-type riches

UBS retains top spots in Extel rankings

European default risk is 'manageable'

Morgan Stanley pleased with fixed income progress

India's Samena set to triple ambitions

UBS loses another banker to Religare

Merrill Lynch boosts Mideast wealth team

CLSA taps BofA ML for latest hire

Apax secures loan extension ahead of dividend recap