One of the world's largest custody banks, with more than $20tn in assets, makes key appointment in London

JPMorgan has appointed a senior executive from rival Deutsche Bank to lead its global custody business.

Mike Hughes joined JPMorgan’s custody and fund services division as head of global custody - the business serving clients that have custody needs spanning international jurisdictions - this week, according to an internal memo seen by Financial News. JPMorgan confirmed the appointment.

JPMorgan hires global custody lead from Deutsche Bank

JPM hires global custody lead from Deutsche Bank

Elizabeth Pfeuti

JPMorgan

Deutsche Bank

UBS names new US ECM head in leadership reshuffle

Citigroup bolsters European leveraged finance with Deutsche Bank hire

Goldman Sachs to ask analysts to pledge loyalty as private equity firms circle

Milbank hires private equity M&A rising star in Germany

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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

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

Recent graduates who haven’t started their gigs at big banks are being recruited for jobs that don’t start for another couple of years.

By AnnaMaria Andriotis, Ben Glickman and Alexander Saeedy

Inside the Wall Street Recruitment Wars Pitting Banks Against Buyout Firms

The Organization of the Petroleum Exporting Countries doubled down on its view that global oil demand will keep rising through mid-century and that there is no peak in sight.

Signatories would benefit from a lower administrative burden and extra legal certainty to prove they comply with the AI Act.

EU Lays Out AI Code of Practice to Guide Companies on Compliance

The latest assault included more drones in a single night than Russia used in the entire month of July last year.

The Drone Factories Fueling Russia’s Unprecedented Assaults on Ukraine

It’s never been easier to create your own app with ‘vibe coding.’ Now, professional software engineers are bringing it into the enterprise.

‘Vibe Coding’ Has Arrived for Businesses

The Italian lender now owns around 20% of Commerzbank’s shares and is the largest shareholder of the bank it hopes to engineer a merger with.

UniCredit Doubles Equity Stake in Commerzbank

UniCredit Doubles Equity Stake in Commerzbank to 20%

President Trump’s latest salvo on trade gives U.S. allies three weeks to persuade Washington to relax tariffs that would be costly for their export-dependent economies.

U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to Trump

An internal investigation uncovered evidence that Linqto customers never owned the securities they thought they did.

Once Popular Pre-IPO Investing Platform Linqto Files for Bankruptcy

Mark Zuckerberg wooed another elite researcher with a pay package in the tens of millions.

Meta Hires Top Apple AI Expert, Continuing Zuckerberg’s Recruitment Push

The president rolled out a new deadline, new rates and letters.

Trump Pushes Global Trade War Back to the Top of His Agenda

Asian equities started the week on a downbeat note, as remarks by President Trump stirred up already-tense markets bracing for tariffs to hit dozens of countries this week.

Trump Threatens Extra 10% Tariff on Nations Siding With Brics

A trial began in a long-running lawsuit by Chicago traders who say they were harmed by the exchange’s launch of electronic markets.

Old-School Floor Traders Finally Get Their Day in Court Against CME

Tesla’s CEO said he created a new political party called the America Party after reigniting a feud with President Trump.

Elon Musk Says He’s Forming ‘America Party’

Companies are getting brutally honest with applicants, warning them of long hours and few boundaries.

Think Work-Life Balance Is Overrated? You’re Hired!

Four people open up about their finances and how they spend their time.

Late-Career Job Losses Are Blurring What Retirement Looks Like in America

Shares of unprofitable companies have outperformed since early April, and investors are now speculating like it’s 2021.

Meme Stocks and YOLO Bets Are Back and Fueling the Market’s Rally

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