Stephen Morris

Thursday, 2 February, 2023

Wednesday, 1 February, 2023

Cyber Security

Cyber attack at financial data group Ion affects derivatives trading

Industry working with clearing houses, platforms and regulators to assess hit to trade processing and clearing

Wednesday, 1 February, 2023

Investment Banking

Goldman to fund meagre payouts to banks hammered by Archegos collapse

Lenders that lost billions will get back as little as 5 cents on the dollar from restructuring

Wednesday, 1 February, 2023

UK banks

NatWest boss refuses to attend parliamentary hearing

Alison Rose declines to appear before Treasury committee ahead of bank’s full-year results

Wednesday, 1 February, 2023

News in-depthFirst Abu Dhabi Bank

How First Abu Dhabi Bank pursued Standard Chartered and ‘opened Pandora’s box’

UAE’s biggest lender could yet revive the deal and its interest might flush out other suitors

Thursday, 26 January, 2023

Morgan Stanley

Morgan Stanley hits bankers with $1mn penalties for messaging breaches

Forfeitures after WhatsApp scandal range from a few thousand dollars to more than $1mn per employee

Tuesday, 24 January, 2023

Barclays PLC

Barclays set to reveal Cathal Deasy as co-head of global banking

Former Credit Suisse dealmaker to take over advisory and capital markets unit, alongside Taylor Wright

Monday, 23 January, 2023

Barclays PLC

Ex-Treasury official John Kingman to join Barclays board as UK chair

Former government mandarin to succeed Crawford Gillies at ringfenced British consumer unit amid board overhaul

Sunday, 22 January, 2023

European banks

UniCredit chief Orcel slashes bill for consultants

Italian bank has more than halved the annual €150mn it used to pay external advisers

Friday, 20 January, 2023

Davos

Cautious crypto companies make muted return to Davos

Gone is the hard sell and free pizza as digital coin price crash and a series of bankruptcies force industry to play it safe

Friday, 20 January, 2023

Deutsche Bank AG

Deutsche Bank slashes investment banker bonuses but rewards traders

Dealmaker pool to fall 40% in line with Goldman but a bigger drop than most rivals

Friday, 20 January, 2023

PwC

PwC sees off Deloitte to retain HSBC audit worth up to $1bn

Deal is by far the most expensive on the London Stock Exchange

Friday, 20 January, 2023

UBS Group AG

UBS to raid boutique banks for M&A dealmakers

Swiss lender’s hiring plans in stark contrast to rivals cutting thousands of jobs

Thursday, 19 January, 2023

Davos

Beijing’s top economic adviser tells Davos CEOs ‘China is back’

Liu He mounts pitch for country’s reopening at private World Economic Forum lunch

Tuesday, 17 January, 2023

Global Economy

IMF signals upgrade to forecasts as optimism spreads at Davos

Upbeat mood at World Economic Forum as China reopens and data suggest that Europe will avoid deep recession

Wednesday, 11 January, 2023

Goldman Sachs Group

Goldman Sachs makes ‘brutal’ job cuts in quest for lower costs

Group pays some bankers no bonus for last year’s work while giving others 30 minutes to leave

Tuesday, 10 January, 2023

Goldman Sachs Group

Goldman embarks on biggest cost-cutting drive since financial crisis

Wall Street bank reviews spending on everything from private jets to new consumer and tech unit

Friday, 6 January, 2023

Standard Chartered PLC

Why StanChart remains a target despite its latest suitor walking away

First Abu Dhabi Bank ends interest in UK-based lender that is one of Europe’s most undervalued banks

Thursday, 5 January, 2023

Standard Chartered PLC

First Abu Dhabi Bank backs away from Standard Chartered bid

Shares in UK-based emerging market lender increased 20% on reports of a takeover

Friday, 30 December, 2022

News in-depthEuropean banks

Has the tide turned for Europe’s banks?

Despite rising rates in 2022, only two of the 20 largest European lenders trade above book value

Friday, 16 December, 2022

US banks

Goldman Sachs prepares to lay off almost 4,000 employees

Chief executive David Solomon is trying to boost profitability amid economic headwinds

Wednesday, 7 December, 2022

Cost of living crisis

UK mortgage lenders promise more support for the vulnerable

Chancellor worried over variations in treatment of stricken homeowners as cost of living crisis bites

Friday, 2 December, 2022

UniCredit SpA

UniCredit seeks pay increase for Andrea Orcel to keep CEO happy

Italian bank head previously sued Santander over remuneration dispute

Thursday, 1 December, 2022

Credit Suisse Group AG

Credit Suisse chair says outflows have reversed since ‘social media storm’

Axel Lehmann expresses confidence that ‘money will come back over time’

Thursday, 1 December, 2022

HSBC Holdings PLC

HSBC chief denies Beijing is behind Ping An push to split bank

Noel Quinn tells FT’s Global Banking Summit that Chinese insurer’s demands not backed by other shareholders

Banking editor

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