Financial News

1 day ago | fnlondon.com | Paul Clarke |Justin Cash

UBS faces demand for $26bn more in capital as Swiss government outlines new rulesOfficials want to avoid another collapse like Credit Suisse’s but the Swiss bank has hotly contested calls for a higher bufferFriday 6 June 2025 at 14:03The Swiss government plans to force UBS to hold an additional $26bn in capital in a major blow to its global ambitions after its acquisition of rival Credit Suisse.

1 day ago | fnlondon.com | Paul Clarke

HSBC names Nelson interim chair as Tucker takes on AIA roleThe UK lender is searching for a permanent successor to Sir Mark Tucker who has spent eight years in the jobFriday 6 June 2025 at 01:27HSBC has named board member Brendan Nelson as interim chair as Sir Mark Tucker steps down after eight years. Tucker is set to become a non-executive director at insurer AIA on 1 October, and HSBC said that it will continue its search for his successor with Nelson at the helm.

1 day ago | fnlondon.com | Paul Clarke |Justin Cash

Peel Hunt hybrid work policy moved to four days in the officeThe City investment bank has asked all of its staff to return in person for at least four days each weekThursday 5 June 2025 at 23:00Staff at City investment bank Peel Hunt are now required in the office four days a week as financial services firms crack down on hybrid working. The investment bank upped its policy from three to four days in the office earlier this year, according to people familiar with the matter.

1 day ago | fnlondon.com | Paul Clarke

JPMorgan says it will fire analysts taking back-dated jobs elsewhereThe Wall Street bank told incoming investment banking analysts that accepting offers at other firms before they join will mean ’employment with the firm will end’Thursday 5 June 2025 at 21:31JPMorgan will fire investment banking analysts who accept back-dated job offers from other firms as banks look to stem an exodus of junior talent to the buy-side.

2 days ago | fnlondon.com | Kristen McGachey

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