The number of fee-earners at the world’s biggest investment banks has shrunk by one-quarter since 2010, but the cuts have not affected every business. Some have proven untouchable by restructuring, while others have continued hiring. Danielle Myles examines the data.
Retail banking and payments may have stolen the fintech limelight, but they should not overshadow the achievements of investment banks in enhancing their revenue-generating capabilities. Everyone from equity traders to M&A advisers are realising that tech is not confined to the back office, as Danielle Myles reports.
After a bumper 2017, UK bank treasury departments are forging ahead with their funding and capital strategies. At the front of their minds is the end of the central bank’s liquidity schemes, ring-fencing complications, and the first UK senior non-preferred bond. Danielle Myles reports.