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.
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.
Pierluigi in Beckenham could lose its alcohol licence following police intervention over alleged crime links and licensing breaches, with a crucial council decision pending.
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.
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.
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.
A popular Fitzrovia restaurant has been forced to close after Westminster Council revoked its alcohol licence following undercover police operations and resident complaints about anti-social behaviour.
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.
London residents have final opportunity to influence alcohol licensing decisions as consultation deadline approaches for venues across the capital.
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.
Labour leader Sir Keir Starmer confirms Rachel Reeves will face no further action after investigation into rental property licence oversight. Full details revealed.
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.
Labour Chancellor Rachel Reeves faces scrutiny after confessing to renting her London home without a mandatory licence, raising questions about politicians and property rules.
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.