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...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....
...At 39.9 per cent of assets by June 2023, Princo’s investment in private equity was double the average allocation for large US university endowments....
...Job moves Bank of America has hired Olof Engelbrekts as head of investment banking in Switzerland. He previously worked for UBS....
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...She pointed to the size of the UK legal services sector, which according to financial services group TheCityUK produced almost £44bn in revenues in 2022....
...Bank of America cut the compensation of its top executive Brian Moyniahn by 3 per cent, or $1mn to $29mn in 2023, a year when the company’s bottom line shrunk and its stock lagged rivals....
...In the first quarter of the year, according to the London Stock Exchange Group, the Americas accounted for 54 per cent of investment banking fees globally (compared with 47 per cent for all of last year,...
...Trading and investment banking helped lift Deutsche Bank to its highest quarterly profits in 11 years in the first three months of 2024, as global dealmaking started to pick up after a two-year long slump...
...economic activity and threatens to upset record amounts of foreign investment....
...Job moves Deutsche Bank’s head of corporate and investment banking for the Americas James Davies is leaving the group....
...Bank Private Bank....
...In February, Barclays said it had cut its annual bonus pool by 3 per cent after a tough year for its investment bank in 2023, while the bank has also embarked on a programme of job cuts, particularly in...
...Poor data undermines trust and skews forecasting — as several central banks, including the Bank of England, discovered when it came to inflation....
...Europe’s investment banks have cut bonuses for a second straight year following a prolonged slump in dealmaking and listings that is now finally showing signs of ending....
...Trade body UK Finance said the BoE had highlighted “a number of important issues” that banks needed to consider in terms of exposure to private equity....
...Last year the firm partnered with investment giant KKR to acquire a $7.2bn loan portfolio from Canadian bank BMO, buying up debts at a time that many lenders in North America were cutting their risk appetites...
...Multilateral development banks such as the EIB perform due diligence to ensure the environmental, social and governance standards of the investments they support. What happens in the case of defence?...
...Both were seeking to impose additional regulatory scrutiny whenever investors hold more than 10 per cent of a bank’s shares....
...Bank of America has sent “letters of education” to employees who have not been showing up at the office, warning them of disciplinary action, in the latest move from a large company to push staff back to...
...The 10 investment banks and proprietary traders are investing a combined $172mn for a 26 per cent stake in Lutnick’s venture, called FMX. The investment will give FMX a valuation of $667mn....
...In another Bank of England speech this week, Rebecca Jackson — the Bank’s executive director for Authorisations, Regulatory Technology & International Supervision — outlined how banks aren’t really set up...
...Citi, JPMorgan and Bank of America have all gotten in....
...with bank fraud for stealing $16mn from Ohtani to cover the translator’s own illegal wagering debts....
...Official data shows foreign investment banks worked on three out of 313 IPOs in China last year....
...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....
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