Investors look to bank earnings season for signs of a recession

The US economy might be headed for a recession — or it might not be. Investors will be looking to bank earnings to clear up the question. The big banks start reporting second-quarter earnings this week, and what executives say Read more

XTX’s Zar Amrolia: Why’Terminator’ robots will never replace human traders

Zar Amrolia started off as a quant at JPMorgan in 1988 when he was in his mid-20s. He drifted into trading and sales, with stints at Credit Suisse and Goldman Sachs, rose to the head of currency trading at Deutsche Read more

Goldman, JPMorgan ring-fencing talks stoke fears of weakened rules

Goldman Sachs and JP Morgan scored meetings with a high-profile panel looking into the future of ring-fencing reforms, raising concerns about the role of big banks in crafting the financial guardrails. The meetings came as the Treasury sets up a Read more

Ex-JPMorgan traders accused of spoofing as $ 1bn case heads to court

Two former precious metals traders at JPMorgan Chase and a co-worker who handled hedge fund clients face trial starting 8 July in the climax of a seven-year Justice Department campaign to punish alleged market manipulation. The criminal trial in Chicago Read more

Asset management execs back four-day week

Senior executives from some of the UK’s largest fund houses are keen to move to a four-day work week, as financial services firms continue tearing up the rulebook following the Covid pandemic. A survey of 200 senior asset management executives Read more

Hedge fund adviser Patrick Ghali on crypto, ESG and why clients are dumping’any exposure to China’

Patrick Ghali, co-founder of hedge fund advisory Sussex Partners, talks with Financial News about how his clients are adapting to this year’s sharp downturn in markets and how they’re positioning for a recession, a crypto winter and sustainable investing. His Read more

Leon Black rebuffed in Apollo conspiracy claim

A federal judge dismissed a case brought by former Apollo Global Management chief executive Leon Black alleging that his former partner and others conspired to destroy his reputation and push him out of the firm. Black last October filed a Read more

Zar Amrolia, LSE’s Julia Hoggett, JP Morgan and Swiss Exchange pick up top prizes at FN awards

Six Swiss Exchange was named Exchange Group of the Year for the second year running in Financial News‘s 20th annual awards for the trading industry. The Swiss bourse was again recognized for its acquisition of the Spanish stock exchange, which Read more

Investment bank fees fall by $ 24bn as deal boom loses steam

Dealmaking fees at top investment banks slumped by as much as 56% during the first half of 2022, as recessionary fears and rising interest rates have halted a boom that broke records last year. A sharp downturn in equity capital Read more

How Robinhood fought for survival when meme stocks excited

Robinhood struggled to handle huge volumes of stock trading and sparred with its principal customer, market maker Citadel Securities, during the week in January 2021 when meme stocks exploded, according to a report from the Democratic staff of the House Read more