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.
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Antony Jenkins’ inability to meet most of the six targets he set for himself just two years ago has finally caught up with the Barclays chief executive, with the board ousting him less than three years into the job.
Last Tuesday was Anshu Jain’s last day as co-CEO of Deutsche Bank. It was almost 20 years to the day since the then 32-year-old banker left his managing director role at Wall Street behemoth Merrill Lynch to join the German bank, widely regarded back then as a sleepy European lender focused primarily on the German Mittelstand.
Goldman Sachs, the biggest investment banking fee earner globally in the year to date, saw its lead over rivals shrink again during June, with its share of the pot falling to 7.4% from 7.6% at the end of May.