News
Carlyle’s Acrotec and ADB Safegate exits pushed back
Private equity is currently sitting on an estimated $3.6tn of unrealised value across 29,000 unsold companies
2 min read
JPMorgan hires ex-Citigroup veteran Abularach to lead European infrastructure
The Wall Street bank has bolstered its coverage of private equity firms
1 min read
Kirkland & Ellis partner pay hits $9.2m
The law firm’s average equity partner profit passed $9m for the first time
1 min read
FCA fines and bans Crispin Odey
Regulator sanctions fallen hedge fund star for blocking ‘efforts to hold him to account’
2 min read
Stock trading boom sees Wall Street banks stretch lead over European rivals
Are European investment banks conceding defeat in equities trading, as a surge in revenue has seen them fall further behind Wall Street firms?
8 min read
UBS pays key bankers $1.4m bonuses as overall pool increases
The Swiss bank has upped severance payments to $735m as it continues to integrate Credit Suisse
2 min read
City group’s plan to buy AIM market backed by brokers and fund managers
The London Stock Exchange Group has firmly rejected selling the junior market
6 min read
BlackRock’s Panama ports deal shows Trump is the real king of M&A
The US president is now the most important driver of the deals that happen — and the deals that don’t
4 min read
‘You’re not off the hook’: City firms urged to stay on guard after FCA harassment pause
The watchdog has pushed back plans to crack down on non-financial misconduct, but City firms should not assume it has taken its eye off the ball
5 min read
Stressed junior bankers work harder as lay-offs hit
Analysts and associates in investment banking are facing more pressure as job cuts and slow replacement of departing employees leads to thinner teams
5 min read
Komainu’s Paul Frost-Smith: ‘Trump has put the US back in our priorities’
Komainu has just completed the first ever Series B round funded in bitcoin. Its co-chief executive tells FN why he’s confident digital assets still have a future
5 min read
Morgan Stanley promotes Bastock and Perry to lead UK corporate broking
The changes mean that Andrew Foster moves into a chairman role
UniCredit receives ECB approval to up Commerzbank stake to 29.9%
The Italian lender said that it would take more time, and more approvals, to convert its derivatives investments into stock
Deutsche Bank reviewing its Canary Wharf office, set to shift Numis staff to City HQ
The German lender could vacate its office in the Docklands financial district when its lease expires in 2028
Trading Places: Deutsche’s investment bank head comes out of retirement, Piper Sandler picks Credit Suisse trio
Find out who is on the move in the City and beyond this week
2 min read
Citi, HSBC, Morgan Stanley bond-rigging probe sets regulator back £5m
Competition and Markets Authority ploughs 115,000 man hours into cartel investigation after traders colluded in Bloomberg chatrooms
2 min read
Will the Big Four reshape US law?
KPMG’s recent US legal launch could be the start of a wave of change
5 min read
UBS shifts hybrid working rules, asks staff to be in the office on Monday or Friday
The Swiss bank has tightened its remote working policies as firms increasingly ask employees to spend more time in the office
2 min read
Aberdeen’s CEO has a turnaround plan, and a private credit boss warns ‘don’t screw it’
This week’s asset management news, all in one place
3 min read
