Steve Slater is associate editor of International Financing Review based in London and is responsible for the People & Markets section. Steve has worked for Thomson Reuters since 2001. He joined IFR at the start of 2016 after a decade covering European banks for Reuters, including the financial crisis bail-outs and nationalisations, takeovers, senior management changes and industry scandals. He has worked as a financial journalist in London and New York, covering commodities, equities and banking and capital markets.
Citigroup is encouraging more of its traders to take periods of unpaid extended leave so they can recharge their batteries, travel or spend time with their family.
US banks have been busily pushing analysts to lower second-quarter expectations for trading and investment banking as activity in June offered no real surprises – at least so far.
A start-up financial technology firm wants to slash costs for equity and debt placings, with the help of another young fintech firm, OpenFin, which provides a platform for new applications to get a quick route to sell-side and buy-side institutions.