Barclays in February outlined plans to slash £2 billion in costs over the coming years, having axed 5,000 jobs in 2023 AFP British bank Barclays on Thursday said its net profit jumped almost a quarter in the third quarter, helped by improved performance at its core UK and investment divisions alongside cost-cutting. Profit after tax … Read more
Leo Lukenas III, a former Green Beret who made the challenging transition to investment banking, tragically passed away in May at just 35 years old. Lukenas, who had been working 100-hour weeks at Bank of America (BofA), died from “acute coronary artery thrombus”—a fatal blood clot in the heart. His death has sparked outrage over … Read more
Wall Street doesn’t want to talk about Industry. The HBO series, currently airing its third season, dramatizes the machinations of power-hungry London investment bankers. Its traders are relentless in their desires: Harder drugs, kinkier sex, bigger bonuses. Industry has taken some of the biggest financial scandals, from the pandemic profiteers to the tragic death of … Read more
Many Wall Street fund managers know only to play offence, pushing up stock targets even when economic indicators signal otherwise. Many stock analysts recommend the “buy and hold” strategy despite obvious signs of impending market upheavals, such as a recession or high inflation. Convincing clients to “hold” on to their “offence only” assets ensures a … Read more
It was nice to be with my friends all the time. Oxford was a lovely place to grow up in. I wasn’t in the top set, but I was in the one below that. I was quite clever, vaguely sporty and very competitive. Max Johnson (left) with Boris Johnson (second left) and other family members, … Read more
