News
Private equity firms in talks with audit watchdog over more takeovers
At least six audit firms have approached the FRC about the possibility of a change in capital structure over the past two years, FN can reveal
3 min read
Record number of graduates apply to be Wall Street bankers
The top US firms received a record number of applications for their internship programmes in 2025, even as the number of vacancies has ticked down
2 min read
Banks eye prime brokerage gains after tariffs drive $15bn haul
US president Donald Trump’s ‘Liberation Day’ triggered market swings that helped to increase the sector’s revenue by 20% in the first half of the year
7 min read
Vanguard backed no environmental and social proposals this year in the US
The world’s second-largest asset manager did not support any of the 261 shareholder proposals on environmental or social measures it assessed
2 min read
After ANZ’s accidental email layoffs, a brief history of banks’ firing gaffs
Investment banks roll out job cuts regularly, but they’re not always handled sensitively
4 min read
Citi promotes London trio in European equities push
US bank appoints co-heads of electronic execution in Europe
2 min read
Slaughter and May parts ways with corporate partner duo
The Magic Circle law firm has been hit by a rare double partner exit
2 min read
Pictet’s assets slide but cost-cutting delivers profit boost
Swiss private bank said assets under management dropped 2% from the end of December
2 min read
Trading Places: Citi hires co-head of European DCM, BancTrust’s finance chief departs
Find out who is on the move in the City and beyond this week
3 min read
RBC Capital Markets moves New York dealmaker Kretschmer to London
The Canadian lender is bolstering its coverage of industrials in Europe
1 min read
Five more rate-rigging convictions may be ‘unsafe’ after Tom Hayes ruling, SFO says
Prosecutor says jury directions criticised by Supreme Court may also apply to other ex-traders’ cases
2 min read
Tax bank profits to raise £8bn per year, says think tank
The IPPR wants the government to use the Autumn Budget to bring in a new levy
Fenchurch hires Barclays veteran Chawla to co-head US operations
The London-based boutique has taken on a key dealmaker from Barclays
Competition watchdog faces fresh pressure over spending failures
Staffer asks politicians to investigate the antitrust watchdog
Most Read
BancTrust’s finance chief departs ahead of further London job cuts
City investment bank has lost half its management team this year
2 min read
Asset managers defy M&A slowdown
Catch up on this week’s asset management news
2 min read
Why Carlyle’s Intelliflo acquisition is a bum deal for Invesco
Catch up on the top news in wealth management this week
3 min read
How the SFO’s £3m disclosure tool fell apart
The City’s top cops are still clearing up the fallout from evidence search failures
3 min read
Global asset management M&A deals surpass $50bn for first time in a decade
LSEG, which compiled the data, says rising costs, regulatory pressures and rapid shifts in technology have contributed to asset managers seeking tie-ups
2 min read
