Articles

  • 2 weeks ago | news.bloomberglaw.com | Jack Ryan |William Shaw

    Precious metals traders at top banks including JPMorgan Chase & Co. and Morgan Stanley posted their best performance in five years in the first quarter, in part thanks to an arbitrage opportunity that sparked a rush of bullion into the US. Twelve leading banks together made $500 million in revenue from precious metals in the first quarter of 2025, the second highest figure in a decade of data compiled by Crisil Coalition Greenwich.

  • 2 weeks ago | news.bloomberglaw.com | William Shaw |Justina Lee

    Jefferies Financial Group Inc. has begun the process of hiring more than a dozen traders in order to capitalize on a quiet shift in Wall Street money management: the outsourcing of the buy-side trader. The New York-based firm has already recruited nine additional traders for the effort and plans to bring eight more on board. With the extra staff, Jefferies is planning to push into offering outsourced trading for fixed-income products in addition to the equities desk it’s had for years.

  • Feb 21, 2025 | news.bloomberglaw.com | William Shaw |Aisha Gani |Harry Wilson

    The bosses of the UK’s biggest banks are for the most part enjoying bumper pay days, with some looking forward to even bigger maximum awards as the country lifts its cap on variable remuneration. Chief executives at Barclays Plc, HSBC Holdings Plc, NatWest Group Plc, Lloyds Banking Group Plc and Standard Chartered Plc took home a combined £37 million ($46.8 million) in 2024, up a third on £28 million the previous year. That number covers all remuneration, including salaries and bonuses.

  • Feb 21, 2025 | news.bloomberglaw.com | William Shaw |Aisha Gani |Harry Wilson

    The bosses of the UK’s biggest banks are for the most part enjoying bumper pay days, with some looking forward to even bigger maximum awards as the country lifts its cap on variable remuneration. Chief executives at Barclays Plc, HSBC Holdings Plc, NatWest Group Plc, Lloyds Banking Group Plc and Standard Chartered Plc took home a combined £37 million ($46.8 million) in 2024, up a third on £28 million the previous year. That number covers all remuneration, including salaries and bonuses.

  • Feb 14, 2025 | news.bloombergtax.com | Upmanyu Trivedi |William Shaw

    Hedge fund Altana Wealth Ltd. took trade secrets from a soured joint venture deal with an investment firm and misused them to set up its own lucrative fund, according to a London court ruling. Altana was sued by Illiquidx Ltd. after attempts to set up a joint venture to invest in Venezuela’s debt failed in 2019.

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