Banking

The first equity crowdfunding platform to become a member of the London Stock Exchange is ramping up its efforts to allow retail investors to access main market listings by launching a new fundraising round. The offer to participate in Syndicate Room’s £2.3 million round will open on the company’s website …

JP Morgan’s former European head of technology investment banking, Anil Rachwani, has made his first senior hires at Evercore since joining the US advisory boutique a year ago to expand its coverage in the region. Jefferies managing director Guillaume Taurignan, who joined the firm from UBS in 2010, is due …

The head of Wells Fargo Securities for Europe, the Middle East and Africa has left her London-based job after three years to take up a corporate banking role within the US group based in North Carolina. Lisa McGeough started heading up the industrials sector practice in Wells Fargo’s corporate banking …

Surging credit revenues helped Barclays fare better in sales and trading than its Wall Street investment banking rivals in the first quarter, although the UK bank’s group chief executive Jes Staley said that there is “more we must do to improve returns” at its new corporate and investment banking unit. …

Nomura has laid bare the damage wreaked by plunging liquidity and Japan’s negative rate move on its fixed-income business and wider wholesale unit, posting a first quarterly loss in almost four years that wiped out profit growth over the previous nine months. Pre-tax profits at Nomura’s wholesale division, which comprises …

Robust demand for a multibillion-pound sale of UK government debt and a rally in sterling appeared to show that investors are more upbeat about Britain’s June vote on whether to remain in the European Union. The £4.75 billion ($6.9 billion) debt sale on April 26 attracted £21 billion of orders, …

Deutsche Bank’s new-look sales and trading business turned a profit in the first quarter of 2016 – a turnaround from losses a year earlier – but tough market conditions took their toll as revenue falls in both equity trading and underwriting matched the worst on Wall Street. Deutsche Bank’s City …

The property peer-to-peer platform LendInvest has secured a £40 million credit line from a global bank – a further indication of the growing input of institutions in the UK’s P2P sector. Macquarie has given peer-to-peer platform LendInvest a secured a 40 million pounds line of credit LendInvest said in a …

Jes Staley, the new chief executive of Barclays, reiterated the need to boost returns from corporate and investment banking, as he addressed shareholders for the first time at the bank’s annual meeting. Alongside the bank’s first-quarter results on April 27, Staley had hailed the unit’s “relatively resilient” performance, but flagged …

Lazard has named a new head of its team of bankers serving private equity clients in the UK, according to a person familiar with the matter. Managing director Charlie Foreman has taken on the role alongside his existing responsibilities as head of capital markets advisory at the independent advisory group, …