Tidjane Thiam

Tidjane Thiam asked Credit Suisse to slash his bonus

CEO of Credit Suisse Group AG has asked his board to slash his bonus, after the Swiss bank posted quarterly results that sent its share price tumbling lower. Tidjane Thiam, Credit Suisse’s chief executive, gave up part of his bonus in response to the Swiss bank’s first full-year loss since 2008. In particular, he voluntarily […]

Credit Suisse asks junior bankers to take Saturdays off

Credit Suisse follows JPMorgan, Bank of America and Goldman Sachs in effort to improve working practices. The Swiss bank asked junior staff to take the...
HSBC

HSBC cuts one in five senior jobs in investment bank

HSBC has begun cutting senior posts in its investment banking division in a move that could lead to dozens of layovers worldwide, according to...

Half of millenials don’t trust traditional banks

50% of 18-24 year-olds wouldn’t trust the traditional banking system with transactions, according to new research. The report entitled "Are Banks Losing the Innovation Game?" by financial...

Old Mutual expects the costs of closing London base to reach £65m

The group stated it will incur a loss of between £50m and £65m for shutting down its head office and cutting off operations in...
Chris Newkirk, CEO, Capital One

Capital One announces finalists for start up accelerator

Capital One today announces the five finalists awarded a place on its accelerator programme, Growth Labs. Each of the finalists will be able to...

German robo wealth advisor founded by ex-Goldman Sachs employees prepares for big UK break

Robo-adviser Scalable Capital, which is set to expand into the UK, has raised £5.6 million in capital. The firm, which was founded by former Goldman Sachs investment director...
BlackRock building

BlackRock to cut 400 jobs, says report

The world's biggest asset manager is set to embark on the largest round of layoffs in its history. According to sources quoted by Bloomberg and...
blockchain

Blockchain will revolutionise not just finance, according to City experts

Finbuzz attended a roundtable discussion at DLA Piper in London on blockchain technology. Prior to the panel discussion, Dr. Kay Swinburne, a policy maker...
HSBC London

HSBC wins World’s Best Investment Bank award

HSBC has been declared the “World’s Best Investment Bank” by Euromoney at its 2016 Awards for Excellence ceremony held in London. The award is one...

Bring in competitiveness, says City of London

The City of London is advocating for a UK regulatory regime that does not damage competitiveness, responding to bankers' anxiety that not being the...

After the Bell: Post-Brexit: a discussion on drilling down the blockchain

London has become a capital of blockchain technology with its VCs, incubators and wealth of talent. On Tuesday, panelists from Lloyds Banking Group, 11:FS,...

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