Paul Clarke
Financial News
United Kingdom
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Past articles by Paul:
Credit Suisse has axed 8% of staff since unveiling overhaul
Credit Suisse CEO Ulrich Körner: 'We are now at 8% headcount reduction... executing ahead of the plan' → Read More
Lazard taps Wall Street veteran Ray McGuire as president and talent ‘magnet’
Lazard CEO Ken Jacobs and McGuire spell out their plans as the banking veteran makes his return → Read More
Societe Generale hires Natixis’ Anne-Christine Champion to co-head investment bank in executive shake-up
New chief executive Slawomir Krupa has unveiled his top team → Read More
‘If we act like men, it backfires’: Senior female bankers on the dearth of women in dealmaking
Exclusive data provided to Financial News shows just 10% of top European dealmakers are women → Read More
‘It’s just not worth it’: Top graduates are turning away from brutal dealmaking jobs
Junior bankers say the quality of new recruits is declining amid a focus on brutal working conditions → Read More
UBS cuts bonuses for key bankers by 21%
Most large investment banks have cut top banker bonuses as dealmaking has slumped → Read More
Junior bankers in the firing line: Job cuts, missed promotions and smaller bonuses
Banks have shifted from coddling their juniors to putting them in the firing line of cost cuts → Read More
Barclays CEO in remission after non-Hodgkin lymphoma diagnosis
The Barclays boss will return to more office-based work and travel after showing no signs of the cancer → Read More
Goldman Sachs vows to stem consumer losses and bolster asset management
Bank eyes more stable revenue streams without losing its status as the preeminent Wall Street firm → Read More
Citigroup’s top European M&A dealmaker Harding-Jones to depart
Harding-Jones leaves the Wall Street bank after being poached from UBS in 2017 → Read More
Citigroup and Goldman Sachs join JPMorgan with ChatGPT crackdown
Banks are taking a cautious approach to employee access to the internet phenomenon → Read More
Dealmakers predict more muted M&A and ECM activity in 2023
Even the most optimistic dealmakers expect a rebound of around 6%, according to a new survey → Read More
How BNP Paribas is looking to steal a march on European rivals in investment banking
Can the French bank catch up with Wall Street's dominance? → Read More
HSBC’s gender and Black pay gaps got bigger in 2022
Just 0.9% of HSBC employees are Black, an increase of 0.1 percentage points compared with 2021 → Read More
HSBC’s investment bank up 10% as trading revenue offset deal slump
The bank expects to book a further $300m in severance costs in 2023 → Read More
HSBC cuts top dealmaker bonuses by 17% to $672,000
The UK lender awarded its chief executive, Noel Quinn, a 36% bonus increase → Read More
Barclays pays bonuses of £642,000 to top investment bankers
Barclays has 1,597 material risk-takers in total and paid them £1.6bn → Read More
Top bankers could lose lucrative payouts in bonus cap overhaul
Removing roles-based allowances could help banks keep a lid on costs as deals dry up → Read More
Morgan Stanley names Grindley and Zammit co-heads of UK investment banking
The Wall Street bank has shaken up the senior ranks of its dealmaking team over the past year → Read More
Credit Suisse hands Michael Klein three top jobs after $175m boutique buy
Swiss lender places faith in Klein to lead an investment banking turnaround → Read More