Dealmaking Financial News

01.02 / 15:27

UPS dealmaking Evercore cuts pay by 8% as dealmaking fees hold up amid slump

Evercore cut pay by just 8% last year and continued to add senior dealmakers, showing boutique investment banks' relative resilience to an M&A slump that has forced larger rivals to strip out costs.

31.01 / 09:49

UPS Booking UBS dealmaking UBS investment bank profit drops 30% on dealmaking slide

UBS's investment bank booked a 30% decline in profit last year, despite strong trading revenue, as dealmaking fees halved.

24.01 / 23:37

dealmaking Barclays hires Credit Suisse dealmaker Cathal Deasy in dealmaking unit shake-up

Barclays has hired Credit Suisse dealmaker Cathal Deasy to as part of a shake-up of its investment bank, just three months after he was handed a bigger role at the Swiss lender.

19.01 / 13:59

Continental dealmaking Nomura job cuts hit European bankers as dealmaking fees tumble

Nomura has cut half a dozen bankers in its continental European offices as part of a broader cull of dealmakers within its global businesses.

17.01 / 17:15

dealmaking Morgan Stanley cuts investment bank pay by 10% as traders offset dealmaking slump

Morgan Stanley cut pay within its investment bank by just 10% last year despite a 49% decline in dealmaking fees.

17.01 / 15:55

dealmaking Goldman Sachs cuts pay by 15% as dealmaking fees tumble

Goldman Sachs slashed pay by 15% last year as the Wall Street bank has taken the axe to jobs and compensation amid a downturn in dealmaking and losses in its fledging consumer business.

13.01 / 17:31

Citi JPMorgan Citigroup dealmaking fall Citigroup ends tough year for dealmaking with 58% revenue fall

Citigroup's investment banking fees slipped by 58% in the final three months of 2022, capping a difficult year for dealmakers during which revenue halved and banks rolled out job cuts.

13.01 / 15:29

JPMorgan dealmaking JPMorgan caps brutal year for dealmaking with 58% fourth quarter slide

JPMorgan's investment banking fees halved last year, kicking off what is expected to be a brutal earnings season for Wall Street banks as they cut jobs and rein in costs.

12.01 / 17:25

dealmaking KBW names new European dealmaking head, bolsters team after UK departures

US investment bank Keefe, Bruyette & Woods has named a new head of European dealmaking and bolstered its team with two senior hires following a spate of departures late last year.

11.01 / 15:53

Citi dealmaking Nomura cuts 30 City bankers amid dealmaking slump

Nomura has axed around 30 dealmakers in the City as part of a broader move to trim its international investment bank as fees have slumped.

03.01 / 15:25

dealmaking Credit Suisse hires Gen Oba to co-head dealmaking in France

Credit Suisse has bolstered its European investment bank with a senior hire from Credit Agricole to co-head its dealmaking team in France, Belgium and Luxembourg.

20.12 / 03:23

dealmaking Credit Suisse leads $34bn dealmaking fee slump in 2022

The world's biggest investment banks suffered a $34bn hole in dealmaking fees in 2022, with Credit Suisse's near-60% decline the sharpest of any major firm.

13.12 / 03:07

UPS Citi dealmaking City’s top bankers say dealmaking will bounce back in 2023 — but only slowly

As 2021 drew to a close, few senior dealmakers could see an end to the boom that drew a record $130bn in fees.

17.11 / 16:49

Citi dealmaking Dealmaking team steps down from KBW’s UK office

A team of six dealmakers at US-headquartered investment bank KBW have stepped down from its City office and will start their own boutique, according to sources familiar with the situation.

14.11 / 18:11

UPS Citi Future dealmaking The future of dealmaking — what’s next with Fenchurch Advisory Partners’ Malik Karim

After a deal boom saw bankers and investors cash in last year, the M&A tide shows signs of turning. But are there still bargains to pick up for investors? And where should they turn to find them?

01.11 / 15:23

dealmaking Morgan Stanley names Kitterick deputy head of European dealmaking

Morgan Stanley has promoted a long-serving dealmaker to the deputy head of its investment banking unit in Europe, in the latest senior change at the US bank in the City.

27.10 / 16:41

dealmaking Credit Suisse plans to scale back dealmaking unit in Europe

Credit Suisse's dealmaking unit spin-out is set to lead to deeper job cuts in Europe as it pivots the business towards the larger US fee pool.

26.10 / 21:31

dealmaking Deutsche Bank’s dealmaking unit slides by 85% on leveraged loan losses

Deutsche Bank's dealmaking unit tumbled by 85% during the third quarter as the German lender was hit by losses on leveraged loans and its equity underwriting division slipped into the red.

26.10 / 15:01

COST dealmaking Evercore cuts banker pay by 27% as dealmaking slows

Boutique investment bank Evercore cut banker compensation by nearly 30% in the third quarter as dealmaking fees slumped in line with a broader slowdown.

26.10 / 08:59

dealmaking Deutsche Bank’s dealmaking unit slides by 85% on leveraged loan losses

Deutsche Bank's dealmaking unit tumbled by 85% during the third quarter as the German lender was hit by losses on leveraged loans and its equity underwriting division slipped into the red.

25.10 / 08:31

HSBC dealmaking HSBC’s dealmaking fees slide 47% in third quarter as boom fades

Fees from HSBC's dealmakers nearly halved in the third quarter, but a 20% surge in trading activity helped its overall investment bank increase profit.

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