Here Is The City – The Telegraph reports that DE Shaw, one of the world’s largest hedge funds, has taken an almost $159m short position in Barclays Bank, emphasising growing concerns that UK banks are facing headwinds operating in a tougher regulatory and economic climate.
In the meantime, Bloomberg reports that Bank of America Merrill Lynch is to rebuild its investment banking platform in Europe, after losing around 30 senior M&A professionals over the last 2 years. According to data from research firm Freeman & Co, the firm is currently down in 11th place in the European M&A rankings.
