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.
Revenues at HSBC’s investment bank fell to their lowest level for three years last quarter, hurting the British bank’s profits and seeing it miss a key target of increasing group revenues faster than costs in 2018.
Germany’s Commerzbank is moving about 40 staff from London to Continental Europe in the next two months as it prepares for Brexit.
Lloyds Banking Group has hired senior Morgan Stanley banker William Chalmers as its new chief financial officer.