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The US high-frequency trading firm has seen a raft of senior departures this year

FN 40 Under 40 Rising Stars in Investment Banking

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Financial News published the second annual FN 40 Under 40 Rising Stars in investment banking – our editorial pick of the bright young things in the industry – on Monday December 3, 2012. Here is a selection of some of the winners

StormHarbour hires senior execs in Europe push

The credit-focused boutique is looking to win business from investment banks as they retrench across Europe, managing principal Amir Hoveyda tells Financial News

City of London reacts to Chancellor's autumnal dose of austerity

George Osborne has hiked the bank levy to offset other tax savings by financial institutions, as he seeks to provide greater tax relief for businesses

The UK hedge fund manager saw its net profits fall to just over £17m over the year to the end of February  – but improving investment returns give it cause for cheer

Buyout duo win out on United Biscuits unit

Proceeds of £500m from the sale of KP Snacks will be used to pay down debt in the remainder of the company

US bank hands Latin America head the reins of its Asia business in latest reshuffle

The US bank will eliminate about 4% of its work force and take a related $1bn fourth-quarter charge

The Chancellor of the Exchequer has confirmed he will provide guarantees of £40bn for loans for infrastructure projects as a further incentive to encourage pension schemes to finance them

Investors in exchange-traded products switched their preference from fixed-income to equities last month, mirroring a trend in the wider investment market

European banks make up more than half of the capital shortfall that global banks are facing to meet minimum capital requirements

Numis profits fall amid ‘tough environment’

The independent investment bank and broker reports a 13% decline in pre-tax profit after reduced activity in core markets

Foreign fund managers struggle against home bias

Investors prefer to invest with the manager they know, according to new research on the US mutual fund market

China's State Council has approved a change in property laws that could be hard on land-grabbing local governments and on developers - but good for hundreds of millions of long-suffering farmers

Trainee cabbie scoops £100,000 in ‘X-Factor for traders’

A would-be London cab driver has triumphed in a competition, run by the spread betting firm of Icap boss Michael Spencer, to find the UK’s top amateur trader

Thomson Reuters tie-up pressures Canadian scion

The family that controls one of the world's biggest media complexes is changing the way it manages its far-flung businesses.

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

Client services head exits Getco

FN 40 Under 40 Rising Stars in Investment Banking

StormHarbour hires senior execs in Europe push

City of London reacts to Chancellor's autumnal dose of austerity

Profits drop 60% at TCI

Buyout duo win out on United Biscuits unit

JP Morgan taps new Asia chief

Citigroup to cut 11,000 jobs

Osborne boosts infrastructure spending

ETP flows swing in favour of equities

Banks face €500bn capital shortfall

Numis profits fall amid ‘tough environment’

Foreign fund managers struggle against home bias

China's property landed in trouble

Trainee cabbie scoops £100,000 in ‘X-Factor for traders’

Thomson Reuters tie-up pressures Canadian scion