Gareth Gore is an associate editor at IFR, where he heads the global people and markets coverage. Since joining the magazine in 2009, he has written extensively on the eurozone crisis, sovereign debt, banking regulation and the international capital markets. He previously worked as a Madrid-based correspondent for Bloomberg, and has also worked for Risk magazine.
- +44 (0) 20 7542 4279
Barclays has defended its decision to shed assets, pare back its product offering and cut a quarter of all jobs at its investment bank, with the chief executive of the division Tom King describing the overhaul made 16 months ago as “good choices”.
Citigroup has picked an equity capital markets banker for its top capital markets role in the Europe, Middle East and Africa region, with Philip Drury filling the void left by Michael Lavelle, who was promoted to UK and Ireland chief back in July.
UK government efforts to ease the pain of the post-crisis bank levy look set to backfire, with analysts predicting that the industry could be saddled with much higher tax levels over the next five years and beyond.