Penny Sukhraj

Oct 5, 2023 | fnlondon.com | Penny Sukhraj

Barclays culls 50 dealmakersBarclays, which reported a 15% drop in investment banking fees over the second quarter, is among several investment banks to roll out cuts to shore up losses amid a dearth of capital markets activityThursday, 5 October 2023 at 07:41Barclays has axed around 50 senior investment bankers in a move that kicks off wider annual plans to trim its dealmaker unit.

Oct 3, 2023 | fnlondon.com | Penny Sukhraj

Lloyds Bank teams up with BlackRock in ETF offer for DIY investorsEurope's competitive ETF market is becoming increasingly attractive to asset managers, despite the dominance of the three top players — iShares, Amundi and XtrackersTuesday, 3 October 2023 at 07:13Lloyds Bank has entered a partnership with BlackRock’s iShares unit to offer an exchange traded fund service for the retail investor market.

Sep 28, 2023 | fnlondon.com | Penny Sukhraj

BNP Paribas to track London staff to force office attendanceBNP Paribas wants to 'ensure adherence to working requirements and fairness across teams'Thursday, 28 September 2023 at 12:25London-based staff at BNP Paribas will be electronically tracked to enforce office attendance. Checks on swipes at entrance turnstiles are part of a plan to ensure staff meet targets for the number of days they are required to be in the office, according to a person familiar with the matter.

Sep 28, 2023 | fnlondon.com | Penny Sukhraj

Citi in talks to sell China-based wealth arm to HSBCCiti’s private bank business, which serves high-net-worth Chinese clients from locations outside of China, remains intact howeverThursday, 28 September 2023 at 08:17Citigroup is in negotiations to sell its China-based retail wealth business to HSBC. The move, part of Citi’s wider plans to divest its consumer banking interests beyond its home territory, is likely to be announced next month.

Sep 28, 2023 | fnlondon.com | Penny Sukhraj

SEC nears settlement with financial services firms over WhatsAppThe latest settlement is likely to see firms finalising deals that would include an admission of wrongdoing and commitment to fixing the issuesThursday, 28 September 2023 at 07:22The US watchdog is near finalisation of settlements with about two dozen financial services firms over probes involving poor record-keeping and the use of unauthorised messaging tools.