Article Archive | Financial News London

January 2024

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Article Archive

January 23rd, 2024

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Paul Hastings bumps pay for new lawyers to £173,000

2024-01-23T13:46:04Z

2 min read

Paul Hastings Legal Services

Paul Hastings has made a major push in London in recent years

The Fintech Files: Banks are going after fintechs. Should they be worried?

2024-01-23T12:45:27Z

3 min read

The Fintech Files Fintech Lloyds Banking Group Fintech Files HSBC

Will HSBC's push into the app space challenge top FX fintechs?

Abrdn set to axe hundreds of jobs as cost pressures mount

By David Ricketts

2024-01-23T12:15:18Z

1 min read

Abrdn Asset Management Stephen Bird

Abrdn CEO Stephen Bird has been trying to turn around the asset manager since taking the helm in 2020

Bank of America rolls out investment bank cuts amid tough time for dealmaking

2024-01-23T10:48:05Z

2 min read

Bank of America Citigroup Investment Banking People JPMorgan Goldman Sachs

Brian Moynihan, chief executive officer of Bank of America, has said previously that the lender was trying to avoid layoffs

Private equity dealmakers cheer ‘resilience’ in buy-and-build market

2024-01-23T10:45:38Z

2 min read

In 2023, Europe's bolt-on market showed signs of resilience compared to the broader buyout space

Billionaire Howard Lutnick is taking on exchange giant CME

2024-01-23T07:05:22Z

4 min read

Investment Banking Cantor Fitzgerald Trading CME

Howard Lutnick's FMX Futures Exchange is set to launch around the middle of the year

Citigroup cuts investment banker bonuses by up to 20% amid overhaul

2024-01-23T04:41:22Z

2 min read

Citigroup Pay and Bonuses Investment Banking People

Citigroup will eliminate 5,000 jobs through its reorganisation and look to reduce headcount by 20,000 over two years, CEO Jane Fraser has said

‘Banks should disclose hidden markups,’ says Wise policy head

2024-01-23T00:01:16Z

2 min read

Fintech TransferWise HSBC

‘It’s extremely complex for consumers to understand how banks charge hidden fees,’ Magali Van Bulck says