By Sinead Cruise and Stefania Spezzati LONDON (Reuters) – BNP Paribas is introducing titles to grade hundreds of investment bank employees in the UK, a move to ensure a transparent job evaluatio[...]
Read more
Europe
Global equity funds record biggest weekly outflows in three months
(Reuters) – Outflows from global equity funds in the week ended Dec. 7 hit a three-month high on fears that interest rates could stay higher for longer than expected amid mounting worries about[...]
Read more
Credit Suisse turnaround plan “well underway” after capital hike completed
By John Revill, Lucy Raitano and Pablo Mayo Cerqueiro (Reuters) -Credit Suisse got a positive market reaction on Friday after the embattled bank successfully completed the final part of its 4 billion[...]
Read more
Audacious BlackRock challenge is Bluebell’s David vs Goliath playbook
By Simon Jessop, Nell Mackenzie and Svea Herbst-Bayliss LONDON/NEW YORK (Reuters) – Bluebell Capital Partners’ attempt to oust BlackRock Inc CEO Larry Fink represents the small activist he[...]
Read more
UK financial watchdog fines brokers over market abuse controls
LONDON (Reuters) – Britain’s Financial Conduct Authority said on Thursday it has fined inter-dealer brokers BGC Brokers LP, GFI Brokers Limited, and GFI Securities Limited 4.77 million pou[...]
Read more
Europe’s BNP Paribas appoints senior executives to Global Markets Americas division
(Reuters) – BNP Paribas SA has appointed several senior executives to its Global Markets Americas division, the European bank said on Wednesday, in a move to further consolidate its presence in[...]
Read more
EU starts crackdown on commodity firms using derivatives markets
By Huw Jones LONDON (Reuters) – The European Union flagged tougher requirements on Wednesday for commodity companies using derivatives markets after failing to meet higher collateral calls when[...]
Read more
Analysis-EU avoids sledgehammer to crack euro clearing nut – for now
By Huw Jones LONDON (Reuters) – European Union plans to shift derivatives clearing worth trillions of euros from London to the bloc have ditched hardline rhetoric in favour of pragmatism that sh[...]
Read more
Exclusive-Goldman Sachs on hunt for bargain crypto firms after FTX fiasco
By Iain Withers and Lawrence White LONDON (Reuters) – Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit val[...]
Read more