Investment banks’ earnings set to fall this year due to tough market conditions February 16, 2016 The party is over for investment banks, with earnings forecast to fall this year due to the challenging economic environment and a low level of deals, according to JP Morgan research. JP Morgan analysts cut their average earnings estimate for investment banks worldwide this year by a whopping 20 per cent and slashed their revenues estimate by 21 per cent. “We see [...]
Is exercise the future of networking? A new generation of workers are choosing Asics over Aperol July 21, 2016 Spritzer or sprint finish? For years, summer in the City has involved the same vintage, slightly pedestrian routine. Workers spilling out onto every available inch of pavement to enjoy the evening sun with a glass or two of their favourite tipple. A new generation of City workers, however, is choosing a different way to socialise and [...]
JP Morgan’s lead over broking rivals increases May 31, 2015 US INVESTMENT bank JP Morgan increased its dominance in corporate broking in the UK, gaining two new listed clients in the past year, according to a study out today from Adviser Rankings. JP Morgan has 204 listed clients, up from 202 a year ago and well above second-placed Numis’ 160 clients. Panmure Gordon is in [...]
HSBC and JP Morgan mulling movings part of their business from the City to Luxembourg June 16, 2015 Two of the City's biggest banks HSBC and JP Morgan are reportedly in talks to move parts out of their business out of the City and into another big European financial center Luxembourg.
China and US dominate the top 10 in banking world rankings, as UK gets pushed down the league table June 29, 2016 China and the US are the leaders of the banking world, with banks from these two countries dominating a list of the top 10 banks worldwide published today. China's banks secured four out of the five top slots of the The Banker's 2016 Top 1,000 Banks list, with ICBC keeping hold of its number one slot from [...]
AstraZeneca to join the bid battle for US cancer specialist Medivation April 17, 2016 AstraZeneca is mulling a takeover bid for US prostate cancer specialist Medivation, in a deal that could be worth more than $10bn (£7bn). The FTSE 100 drugmaker has been eyeing the California-based firm for around six months and is looking very closely at making a formal approach, according to sources cited by The Sunday Times. [...]
Bank of England prepares for crucial QE test August 15, 2016 All eyes will be on Threadneedle Street tomorrow afternoon as the Bank of England gears up for its next bond-buying mission. To the market's surprise, the Bank of England could not find enough willing sellers of long-term government debt on the open market last week, leading to the first ever time when the Bank was [...]
UK investment banking revenue down 21 per cent in first quarter of 2016 despite Shell and BT deals completing April 19, 2016 UK investment banking revenue was down 21 per cent in the first quarter of this year, according to newly-compiled figures. Goldman Sachs accounted for 12.3 per cent of the total $1bn (£695m) revenue, ahead of JP Morgan (10.4 per cent) and Barclays (6.9 per cent). Read more: Investment banking revenue plummets to post-crisis low Dealogic's UK [...]
Gove slams investment banks over EU relationship June 5, 2016 Michael Gove has fired shots at investment banks and big business in the midst of EU referendum campaigning, saying the EU is rigged in their favour. One of the most high profile campaigners for leaving the EU alongside Boris Johnson, Gove said that big banks such as Goldman Sachs and Morgan Stanley calling the shots in [...]
Now we can all bank like the super-rich – as Goldman Sachs offers bank accounts to the hoi polloi April 25, 2016 Goldman Sachs might be used to dealing with the wealth of the world's highest rollers – but now you can feel just as exclusive, after the bank launched a drive for new retail bank customers. Yep – having revealed last week it had completed the acquisition of online retail bank GE Capital Bank and rebranded it as GS [...]