Icap will reduce headcount and restructure voice brokers’ compensation in the coming year as the interdealer broker sharpens its focus on electronic trading and post-trade initiatives.

The reductions were outlined by Icap chief executive Michael Spencer during the firm's full-year results presentation today.

Icap to cut headcount and restructure pay

Interdealer broker aims to combat a slump in voice trading by focusing on electronic markets, post-trade risk and information services

Anish Puaar

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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Individual investors are trading with abandon, driving up prices of everything from stocks to crypto—and turbocharging the brokerage business.

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The pact imposes a baseline tariff of 15% on the U.S.’s biggest trading partner.

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Many in the Gen Z generation missed out on critical experiences during the pandemic. Bosses should be filling in those gaps.

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The lender forecast total income excluding notable items to exceed $21.61 billion as loan growth and structural hedges continue to mitigate the impact of interest-rate cuts.

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The president turned a rare visit to the U.S. central bank into political theater that included hard hats and a back slap.

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The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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When team leaders provide their opinions first, it can discourage lower-level employees from providing dissenting views or alternative ideas.

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U.S. stock futures pointed to a flat open after a mixed session on Wall Street Monday, while international equity markets were also mixed so far Tuesday as earnings season sweeps into full gear.

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