investment-banking
Top StoriesAustralia’s Macquarie Explores $6 Billion Deal for Britain’s M&g, Sky News Reports
BankingSocGen Favours Prudence Over High Shareholder Return Before CEO Change
InvestingAnalysis-Bond Traders Get Their Swagger Back in Rate-Obsessed Markets
BankingDeutsche Bank’s Rollercoaster Ride Towards More Stability
Citi Appoints New Co-Heads of Emerging Markets Division in EMEA
Date: December 23, 2022
(Reuters) – Citigroup Inc on Thursday named Hamza Girach and Rizwan Shaikh as co-heads of emerging markets at its banking, capital markets and advisory division in Europe, the Middle East and Africa (EMEA). Girach and Shaikh have been with the bank for roughly two decades. Girach was part of the team that covered Saudi Aramco’s...
Banker Bonuses Go From Boom to Bust in Jarring Reversal
Date: December 22, 2022
By Lananh Nguyen, Saeed Azhar and Lawrence White NEW YORK/LONDON (Reuters) -Bankers in New York and London are bracing for year-end bonuses that recruiters estimate are 30% to 50% lower, while some may receive none at all as dealmaking sputters and economic gloom sets takes hold. Financiers face disappointment when their compensation awards land in...
Capital Markets Stuck in ‘no Man’s Land’ as Bankers Miss Out on Fees
Date: December 21, 2022
By Pablo Mayo Cerqueiro and Echo Wang LONDON/NEW YORK (Reuters) -Investment bankers are bracing for another tough year ahead after losing out on lucrative fees from arranging initial public offerings (IPOs) and other share sales, as questions around monetary policy and a looming recession dampen hopes for a near-term rebound. Banks have executed $517 billion...
Exclusive-Morgan Stanley to Slash 2022 Banker Bonuses in Asia by up to Half – Sources
Date: December 12, 2022
By Scott Murdoch and Kane Wu SYDNEY/HONG KONG (Reuters) – Morgan Stanley plans to slash investment bankers’ annual bonuses by as much as 50% in Asia, said two people with direct knowledge of the matter, as the Wall Street firm reins in costs to tackle tough market conditions that have hit its revenue. The scale...
Take Five: Ready for That Santa Rally?
Date: December 2, 2022
(Reuters) – Swiss lender Credit Suisse faces a litmus test over its rights issue, just one several trials markets must work through between now and year-end even if some are already gearing up for festive cheer. U.S. data will provide a reality check on the shifting nature of inflation while policy makers at Australia’s central...
Factbox-Global Banks Take Axe to Jobs as Cost Pressures Mount
Date: December 2, 2022
LONDON (Reuters) – Banks typically trim jobs towards the end of the year, but 2022 has seen a bigger wave of redundancies and layoffs. Rising cost pressures as a result of inflation and shrinking revenues in many core business lines amid volatile markets are making bank bosses nervous about profitability in 2023. The following major...