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...The numbers give a rare glimpse into just how much Jane Street’s trading business has grown in recent years to rival the operations of even the largest banks....
...The founder and chief executive of a financial technology business co-owned by JPMorgan has begun legal proceedings against the Wall Street bank over what he claims are tactics to suppress his company’s...
...England’s charities watchdog has criticised Barclays and other high street banks for closing the accounts of not-for-profit groups without warning at a time when they are under severe pressure from falling...
...Lloyds Banking Group is to be the lead investor in a £62mn fund that will back community development finance institutions, becoming the UK’s first high street bank to support the not-for-profit lenders that...
...Paris has emerged as the biggest winner, with Wall Street banks such as JPMorgan and Bank of America choosing the French capital for their main post-Brexit European centre....
...The timing of the move was as newsworthy as his destination: Citigroup, which last year ranked fifth for investment banking fees, according to data from the London Stock Exchange Group....
...However, industry lawyers believe that banking regulators have the option of enforcing the FTC’s rules on the banks, should they choose to do so....
...The group was acquired by Japanese bank Mizuho last year for a modest $550mn, including debt....
...In market making the largest non-bank firms Jane Street and Citadel Securities together generate almost $20bn of annual revenues, making them as large as many investment banks’ trading desks....
...Profits at Lloyds Banking Group fell below expectations in the first quarter, as a windfall from higher interest rates for the high-street bank has continued to wane....
...Jefferies chief executive Rich Handler has sold $65mn of his stock in the Wall Street investment bank to buy a luxury yacht from longtime client Tilman Fertitta....
...A year ago, the FT’s Editorial Board said in a column on Goldman Sachs: “The fundamental problem is that banking just is not what it was, even for Wall Street behemoths.”...
...In 2020 she became the first woman in years to run a core operating division at the storied Wall Street bank, often a crucial stepping stone to the C-suite....
...The blockbuster figures underscore how Jane Street has quietly emerged as a trading powerhouse of global financial markets, out-earning a number of well-pocketed rivals and big banks. Read more here...
...The trading firm has used this as a bridgehead to break into corporate bond trading territory long dominated by banks....
...It is becoming more and more common to find star dealmakers outside of Wall Street’s biggest banks....
...Profits at Lloyds Banking Group fell 28 per cent in the first quarter, as a windfall from higher interest rates for the UK high street bank continued to wane....
...Cohen, 46, who joined Goldman as an analyst in 1999, rose rapidly through the ranks of the investment bank and became a partner in 2014....
...A few months later the court ruled that the Wall Street investment bank had to pay the funds to Otkritie....
...Goldman Sachs’ profits rose 28 per cent in the first quarter, as a strong performance at its hallmark trading business helped the Wall Street bank easily surpass analysts’ estimates....
...UK high-street bank NatWest has reported a 27 per cent drop in first-quarter profits, as the benefits of rising interest rates fell away across the sector....
...Over the past 12 months, the KBW bank index has gained more than 20 per cent, compared with the 6 per cent increase for the regional banking index. The gap will persist. pan.yuk@ft.com...
...These days, it can be even better to be a customer of Wall Street. Job moves UBS has hired Biliana Barboutova as the financial sponsors group head in Emea. She previously worked for Deutsche Bank....
...The profits increase reflected a similar trend at its larger Wall Street rivals....
...Wall Street’s benchmark S&P 500 was up 0.2 per cent shortly after the opening bell in New York. The tech-heavy Nasdaq Composite added 0.4 per cent....
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