Credit Suisse mulls hiking junior staff salaries to $100,000 August 2, 2021 Credit Suisse has reportedly become the latest banking giant to hike junior staff salaries to $100,000 amid growing competition for fresh talent. According to Financial News, the lender will pay first year analysts $100,000 a year, with salaries to rise to $105,000 and $110,000 over the next two years. City A.M. understands that the hike, [...]
Most likely Brexit outcome? PM Boris’s resignation, says JP Morgan September 10, 2019 Of the three main options facing Boris Johnson, the most likely outcome is that he will resign, leaving a new prime minister to go to the EU and request a Brexit extension, JP Morgan said today. In a research note sent to clients, JP Morgan’s head of UK economics Malcolm Barr outlined the “only options” [...]
Citigroup to exit 13 consumer markets despite tripling quarterly profit April 15, 2021 Citigroup has started the year with a bang, tripling its profit in the first quarter after releasing $3.85bn in reserves but announced plans to exit a handful of its consumer markets. The investment bank reported quarterly net income of $7.9bn, up from income of £2.5bn in the first quarter of 2020. Revenues slipped seven per [...]
Could we see a meme stock repeat? January 28, 2022 For the retail investors at the heart of it, the so-called meme stock surge last January was a case of David vs Goliath.
Three companies that could avoid inflationary pressures June 21, 2022 Fears of inflation and rising interest rates have hit the global stocks market this week. We look at three companies that could weather the storm. 1. Compass Group’s Compass Group revealed an impressive comeback from the Covid pandemic at its recent results and a share buyback programme. The catering firm plans to return £500 million to shareholders through [...]
World gets Covid reality check as next Omicron wave is building rapidly: Coronavirus infections surging and masks returning June 21, 2022 It is becoming increasingly evident that the next global Covid wave is building fast as Coronavirus is regrouping and growing rapidly in strength in dozens of countries around the world. From Asia to Europe to South America, infection rates are rising, forcing dozens of governments and authorities to consider new measures. Mask use is surging [...]
City Moves: Who’s switching jobs in the Square Mile today? November 25, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Deloitte Deloitte’s Financial Advisory practice has hired a new partner in its Financial Institutions Group (FIG) Corporate Finance M&A Group, to help offer advisory services to banking clients. Joining from investment bank Alantra after beginning his career at Lloyds [...]
Starling Bank secures £50m investment from Goldman Sachs April 19, 2021 Digital lender Starling Bank has extended its latest funding round with a £50m investment from Goldman Sachs. Last month it announced a £272m Series D funding round led by Fidelity Management & Research which valued it in excess of £1.1bn pre-money. Starling Bank today said Goldman Sachs investment marked an extension of the oversubscribed round, [...]
Lloyds hires ex-DBS Bank executive as chief operating officer June 14, 2021 Lloyds Banking Group has hired David Gledhill, a former executive of Singapore’s DBS Bank, as group chief operating officer. Britain’s largest domestic bank said in a statement that Gledhill will join in August this year, subject to regulatory approval. Gledhill will join Lloyds upon returning to the UK after 11 years with DBS Bank, where [...]
Straight Line Crazy sees Ralph Fiennes on fine form as NYC architect Robert Moses March 30, 2022 While Straight Line Crazy is ostensibly a historical play about Robert Moses, the New York architect whose car-friendly vision is still in evidence across much of the north eastern United States, David Hare’s latest play for the Bridge Theatre is equally interested in drawing contemporary parallels, touching on issues including environmentalism, gentrification and systemic racism. [...]