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Moelis hires Morgan Stanley’s European healthcare banking head

HSBC and Standard Chartered slammed for Hong Kong stance

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Both banks are headquartered in the UK, but heavily reliant on revenues from Hong Kong

Europe’s small funds shine after virus sparked worst investor exodus on record

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Liontrust and Flossbach von Storch are among smaller firms that have pulled in sales during a brutal 2020 for asset managers

Former Marshall Wace and Odey stock-picker launches value investing hedge fund

Francesco Fredella has partnered with Angel Capital Management, an Italian private investment firm that specialises in value investing, to launch Pecten Capital

ECB boosts asset-buying programme as Germany doubles down on stimulus

The ECB also kept its key rate unchanged, while reiterating it wouldn’t hesitate to take them lower if necessary to reach its inflation target of “below but close” to 2%

Bank of England wants more detail on lenders’ provisioning ahead of Q2 reports

PRA wants to take in banks’ own assessments of their vulnerability to credit losses and compare them to its own figures

Citi combines investment banking units in data science push

While dealmakers are not yet being replaced by machines, large investment banks are turning to technology to help them analyse vast quantities of data faster

CEO of soup-maker Baxters joins BMO Private Equity’s board

The pair will join five other members on the advisory board, including Mark Tennant, a former senior adviser at JP Morgan, and Elizabeth Kennedy, a corporate and commercial lawyer at Davidson Chalmers Stewart

Actions speak louder than words, activists tell finance execs

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What matters is that words “are followed with real action”

PGIM hires new chief European economist from Bank of England

Katharine Neiss will focus on analysing the UK and European economies and markets

SoftBank launches $100m fund to invest in companies led by people of colour

The announcement came as protests against systemic racism and police brutality spanned the US after the death of George Floyd in Minneapolis

Investors channel billions into Covid-19 bonds

Covid-19 bonds have attracted more money this year than bonds linked to sustainability projects

Wall Street firm Evercore Partners will pay junior bankers not to work

Banks aren’t in financial distress this time, but they are bracing for a decline in deal-making as the pandemic drags on

For black professionals, unrest shines a light on the delicate balancing act at work

Many black professionals say the unrest around the country underscores the tension in squaring their personal identities with their professional lives

These new hedge funds braved virus-fuelled market uncertainty to win big returns

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2020 is not expected to be a vintage year for new hedge fund launches — but in some quarters, fortune has favoured the brave

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