Paul Clarke, Financial News

Paul Clarke

Financial News

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  • Financial News

Recent articles by Paul:

Citi exec Ybarra warns virus-fuelled surge in banking to fade until 2022

'We’re more or less tied to the economy. We will have to wait until 2022 to see growth again' → Read More

Citi to limit office return to 40% of headcount until there’s a coronavirus vaccine

“Unless there is a vaccine, the maximum we can go to is 30-40% of headcount and right now we’re way below that" → Read More

Hong Kong bankers flock to London to evade ‘disturbing’ China security law

'Purchasers are investors who work in banking, finance and private family offices in Hong Kong and the UK investments are part of a spread-portfolio of investments' → Read More

Former Goldman Sachs exec Marty Chavez joins Santander board

Chavez, who retired from Goldman Sachs in September, will become an independent director at Santander as the bank looks to digitise its operations → Read More

Meet the analyst who called Wirecard a zero amid a sea of buy ratings

Neil Campling at Mirabaud was one of the few who spotted the red flags at scandal-ridden German payments firm Wirecard → Read More

JPMorgan readies London office with 31,000 stickers for phased return in July

The US bank giant will split staff into three tiers, with a gradual return to its Canary Wharf office starting next month → Read More

Overworked bankers say lockdown makes them happier and healthier

The findings are enlightening, as many bankers have been forced to work from home for the first time ever → Read More

Financial News reader poll: Black Lives Matter and coronavirus impact

Take our short, anonymous reader survey on what these two unprecedented social upsets mean for the City → Read More

HSBC boss restarts 35,000 job cull, saying overhaul now ‘even more necessary’

"We could not pause the job losses indefinitely – it was always a question of, 'not if, but when'" → Read More

Banks’ trading bonanza just keeps going — markets units to see 20% revenue surge

The virus has led to a surge in volatility that has left trading divisions among the few bright spots at banks → Read More

Citi asks US staff to take a day off to commemorate end of slavery

Citigroup is encouraging its US-based employees to take a day off this Friday to commemorate the end of slavery in the country, as large financial services organisations take a harder look at racial diversity in light of the Black Lives Matter movement. In a memo seen by Financial News, the US investment bank's chief executive Mike Corbat told employees that they should take a "personal day" on… → Read More

UBS names debt veteran Armin Peter into new European ESG role

The coronavirus crisis means more banks are tackling ESG issues → Read More

Wall Street banks just edged out Europeans in their one post-Lehman holdout

Dealmaking on their own turf was one area where European banks managed to retain market share — until now → Read More

HSBC bankers and investors decry Hong Kong stance that’s ‘against company values’

The bank’s decision to back Beijing on a controversial security law has angered senior staff, shareholders and at least one UK lawmaker → Read More

Banks slammed for not joining a UK charter on race founded two years ago

Racial diversity among firms has come to the fore amid the surge in activism surrounding the Black Lives Matter movement → Read More

Quarantine’s a price worth paying to get on a mega deal, bankers say

A lack of physical meetings has contributed to a dearth of M&A transactions, which are also being held back by huge uncertainty created by the Covid-19 crisis → Read More

HSBC and Standard Chartered back Chinese law for Hong Kong

HSBC and Standard Chartered's stance is likely to prove controversial in their home country, where UK prime minister Boris Johnson is offering citizenship to over 3 million Hong Kongers, a move that has prompted an angry response from Beijing → Read More

From Deutsche Bank boxers to ‘Billions’ vests: We ranked the best banker swag

From boxer shorts to cricket bats, banks have handed out some interesting items to employees and clients. Hold on to yours — they could be worth something → Read More

Boutique firm Perella Weinberg trims about 7% of workforce as dealmaking plunges

The firm informed employees this week of the job cuts amid a global slump in M&A activity → Read More

Barclays memo tells staff ‘black lives matter’

Chief executive, Richard Haworth and chief risk officer CS Venkatakrishnan said that they were "horrified by the needless deaths of members of the black community" → Read More