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Travers Smith partner pay edges up while revenue dips

Travers Smith has made hires to its London office this year (photo by Mike Kemp/In Pictures via Getty Images)

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Travers Smith posted average profit per equity partner of £1.3m for the year ended 30 June, up 5% 

Revenue at the firm fell 2% to £210m, while profit was down 3% to £74.1m.

Managing partner Edmund Reed said despite an uptick in mergers in the sector, the firm has ‘no plans’ to follow suit

Zoe Hu

Investing

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

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Bill Derrough’s move follows recent leadership changes at Moelis.

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The bank said it also received authorization from the Bank of Italy to acquire indirect control of Banca Generali subsidiaries and indirect shareholdings in affiliates.

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S&P Global Ratings expects robust revenues from the Trump administration’s newly instituted tariff regime to help offset the expected fiscal deterioration resulting from recent legislative changes.

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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A pair of executive orders President Trump signed Thursday show how he is beginning to reshape the world of banking and finance.

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The U.K. central bank lowered its key rate for the fifth time in a year as it seeks to balance a pickup in inflation against a cooling jobs market.

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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Gold prices are climbing as the threat of a U.S. economic slowdown becomes increasingly real.

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The president is expected to sign an executive order as soon as this week that targets what is called debanking of businesses including crypto companies.

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

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neU6nqaK/XzQd2benWx5hPYX+aT91Ccim4oQrRF9ncB4V4XWq0hVFB6RIH0FFRQCzca1uEHLVjCB6k4bNXRdfPEzz2kMQWZqtcu+i8l6Am7cQwXmboiyHMHxbbA7Qf3gasVuPAZWML+zJPZUdao3942lzF1VlDU8Mpxa4Z5u2h2fs8SQXFbgkTiQJeRXWn2xBw==