North America

The departure of SoFi founder Mike Cagney as CEO should serve as a warning against believing the hype about fintech firms without testing the self-interested assertions of their managers.

Ex-Lending Club chief poised to retry securitization; technique ‘essential’ to online lending business.

The 20-year-old investment bank has jumped up the advisory league tables thanks to high-profile hires from top firms. It now regularly takes lead roles in the biggest and most complex M&A transactions. Rising revenues are funding international expansion. Its aim for the future is to become a top-five global M&A adviser. But, in many ways, Evercore is a throwback to Wall Street’s past.

As JPMorgan’s head of markets execution, David Hudson has an ambitious mandate to bring technological innovation and a willingness to fail to the heart of the investment bank, but why is he “obsessed” with Amazon?

Banks are hopeful that the Trump administration might finally get something done.

Norway’s sovereign wealth fund has decided to steer clear of corporate bonds, which will help it to avoid the reputational traps that loom for some other large investors.

Hurricanes, electric cars and pollution rules are bringing volatility back to the commodity markets.

CEO lays out lessons from crisis; risk management set for test.

The big banks underestimate ‘big tech’ at their peril.

As jitters about the future of high-street retail in the US and beyond prompt property investors to pare their exposure to the sector, Brookfield Property Group, one of the world’s largest, is busy ramping up.

CLS is looking to move beyond its image as an FX market utility offering settlement plus a few extras, reorganizing itself into three distinct units – of which settlement is one – with new products announced for each.

Insanity can be defined as repeating the same mistakes and expecting different results. The elites spawned by unfettered global capitalism and a market-driven financial system are still to heed the lessons from the global financial crisis and the rise of populist nationalism.

There is an abundance of funds seeking to channel money into climate finance projects in vulnerable countries, with the Green Climate Fund in the vanguard. But why is so little money reaching the countries that need it?

The future of climate change finance lies in its ability to attract private capital. It is a complex task, but the key to its success will be in keeping products offered to investors as simple as possible.

Volatility in FX and beyond remains straitjacketed by central bank policy, but many fund managers that rely on volatility-based measures of risk might be dramatically underestimating the level of risk they are taking.

Goldman Sachs has laid out a three year revenue growth plan that is nothing short of extraordinary

An appearance by a senior Goldman executive at a forthcoming conference could herald a new strategy for its fixed income franchise

Panic buying of altcoin offerings is an obvious bubble that hints at a far more worrying loss of faith in the world monetary system

The automation of sophisticated treasury methods by assessing data flows is enabling expanding companies to reduce the uncertainty around cash flows and FX rates.

While Aesop was undoubtedly not thinking about currency markets when he wrote the story of The Tortoise and the Hare, low latency FX traders are increasingly realizing that speed does not necessarily equate to success.

In 2003, the average number of high net-worth clients per relationship manager or financial adviser in the US was 170 – today, that figure is expected to be about 280, with advisers regularly claiming to know someone who knows someone who has at least 500.

Despite advances in data analytics technology, foreign-exchange trade audits remain a complex process requiring access to a wide spread of information on the client as well as the market.

Blue states lead lagging US on environmental, social and governance (ESG) investing; pension funds hold investment managers accountable.

Since the announcement of Worldpay’s merger with Vantiv there has been a glut of bids for payments companies, coming from in-market competitors, credit card companies looking to enter the sector and private equity firms.

For all their boastful talk of becoming technology companies, most banks still run on core systems installed in the 1970s and 1980s.

Weakness in some passive strategies will be exposed; active managers hope to exploit market uncertainty.

Here is the surprising news about liquidity in the bond markets: it’s getting better.

UBS Americas head says cost of hiring too expensive; fees and salaries based around AuM rather than product.

Banks are learning about the damage that being on the wrong side of environmental issues can cause.

The chief executives of US banks have spent so long complaining about regulations that they can scarcely believe their luck at the impending relaxation.