Banks hike bonuses 15% but fear dealmaker exodus
London's investment banks are hiking bonuses to retain top talent despite concerns that financial incentives alone won't prevent a brain drain from the dealmaking sector.
London's investment banks are hiking bonuses to retain top talent despite concerns that financial incentives alone won't prevent a brain drain from the dealmaking sector.
Investment giant M&G reports impressive £4.5bn net inflows for 2023, with retail investors driving growth despite challenging market conditions and pushing assets under management to £365bn.
Explosive allegations emerge as Labor faces accusations of concealing a damaging report revealing political favouritism in public sector appointments. Opposition demands transparency.
As the US government shutdown continues, millions of federal workers face financial uncertainty while essential services from food safety to national parks feel the strain. Discover how this political stalemate is affecting everyday citizens.
Investment bank PJT Partners reports dramatic fee growth amid resurgent merger activity, signalling strong recovery in global dealmaking with London playing key role.
Financial News bolsters its editorial team with the appointment of Harry Brennan, an experienced journalist from The Telegraph, to enhance coverage of London's professional services sector
Leading wealth manager Evelyn Partners reveals ambitious AI adoption strategy to transform client services and operational efficiency across their UK operations.
Exclusive FN London event brings together Blackstone's Annemarie Spadafora and Progress Together's Lizzie Smith to tackle gender diversity in financial services leadership.
Discover why artificial intelligence struggles to replicate the nuanced human connections and emotional intelligence that define successful wealth management relationships.
A startling new analysis reveals how Britain's traditional middle class is being hollowed out, creating a worrying new class divide that threatens social stability.
An influential financial services group warns London risks losing its competitive edge without targeted reforms to streamline listings and boost investment research.
A cross-party committee of MPs has launched a scathing attack on the Financial Conduct Authority, claiming its car finance redress scheme favours lenders over consumers in a multi-billion pound mis-selling scandal.
Swiss banking giant UBS announces major restructuring of its capital markets division, with Jason McCartney assuming broader responsibilities in a strategic leadership overhaul.
Britain risks losing its financial crown as government delays on digital finance reforms threaten to push innovation overseas. Industry leaders demand urgent action.
Outgoing Lord Mayor Michael Mainelli reflects on his tenure, highlighting London's economic struggles, financial sector evolution, and the city's enduring global competitiveness in his end-of-term assessment.
Tech giant Salesforce sees UK profits surge by 82% to £52.6 million while implementing significant workforce reductions and strategic restructuring across its British operations.
A brand new NHS health centre has officially opened in Crystal Palace, offering comprehensive medical services and cutting-edge facilities to transform local healthcare delivery.
Millions of British drivers face fresh injustice as the FCA's proposed redress scheme for mis-sold car finance could shortchange victims by billions. Exclusive analysis reveals how the regulator's plan might benefit lenders over consumers.
The Financial Conduct Authority is embroiled in a High Court battle as market participants accuse the regulator of catastrophic misjudgment in its controversial bond reporting reforms.
London battles New York and Asian rivals in the high-stakes competition for the world's wealthiest individuals. Discover which financial centres are gaining ground and what this means for global finance.
Drax has quietly resolved another legal dispute with a former energy trader, marking the third such settlement over alleged employment contract breaches in recent years.
Exclusive interview with Apollo's EMEA wealth management head reveals plans to collaborate with direct-to-consumer fintech firms, signalling major industry evolution.
Birmingham City Council faces unprecedented financial crisis as spending cuts fail to prevent effective bankruptcy. Expert analysis reveals the grim reality for residents and services.
Advertising giant WPP faces significant restructuring with hundreds of roles at risk after new CEO Mark Read condemns company's disappointing financial results and promises radical transformation.
In a massive boost for Britain's digital economy, a global data centre leader announces unprecedented £4 billion investment, creating thousands of jobs and positioning the UK as a technology superpower.
Wall Street investment bank Moelis & Company has dramatically increased compensation packages following a significant jump in dealmaking revenues, signalling strong recovery in the mergers and acquisitions market.
Thousands of Microsoft users face disruption as widespread technical outage affects Office 365, Azure cloud services and Xbox Live gaming platform. Downdetector reports surge in complaints.
Top private credit executives escalate their battle with mainstream banks, claiming superior lending models and dismissing banking sector criticisms as outdated rhetoric in this exclusive City A.M. investigation.
Santander UK issues stark warning that massive compensation payouts for car finance mis-selling could threaten thousands of British jobs and hamper economic growth.
UBS's global wealth management arm demonstrates remarkable resilience, pulling in $38 billion in net new funds during Q3 while navigating significant outflows from its Swiss bank integration.