The Treasury is to clash with the European Union in a last-ditch effort to overturn a draconian cap on bankers’ bonuses, arguing in Europe’s top court that rules limiting rewards are an unjustified intrusion.
A new generation of bankers are about to get a raise, as firms open wallets to head off defections to investment funds and Silicon Valley.
'I imagined myself with a gun, marching'.
Staff at British banks could be made to hand back bonuses more than six years after the money has been paid to them under a regime that will amount to the world's toughest rules on clawing back remuneration.
Companies going public in Hong Kong are getting the message that less is more.
Financial and business services in the U.K., based in the heart of the capital, are the country's biggest exportable service and are now likely to be the key sector that will help plug the current account deficit and bring it back to balance.
Morgan Stanley chief executive James Gorman said on Tuesday that he does not believe more bankers should have gone to jail for the financial crisis.
Bankers working on Vodafone's $10bn deal to buy Spain's Ono could pocket up to $62m in advisory fees, according to an industry estimate, the latest windfall for dealmakers in the technology, media and telecom (TMT) sectors.
Russian companies have made $180bn in deals globally in the past two years, providing steady profits to London bankers, lawyers, and image crafters as the city has become a hub for such transactions. Sanctions being imposed by the U.S. and European Union threaten that business.
Moelis & Company has announced its plan to expand into Brazil with the opening of an office in São Paulo and the appointment of three industry leading bankers.