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The City had quite the year. But how good is your memory of the events that shaped it?
Financial News is here to test your knowledge.
Answers are at the bottom of the page.
1. Goldman Sachs kicked off a year of brutal job cuts across the industry. But how much were its 3,200 layoffs going to cost the bank, according to CFO Denis Coleman?
a) $125m
b) $175m
c) $225m
d) $275m
2. Kirkland & Ellis London finance partner Michael Steele celebrated his move to private equity firm GLP Capital Partners with what purchase?
a) A Patagonia gilet
b) A Malibu mansion
c) A Lamborghini
d) A Rolex
3. A report from which famed short-sellers caused ructions at Indian conglomerate Adani in February?
a) Muddy Waters Research
b) Hindenburg Research
c) Pershing Square Capital Management
d) Greenlight Capital
4. Silicon Valley Bank and Signature Bank both collapsed in March. But which firm audited them both?
a) PwC
b) EY
c) Deloitte
d) KPMG
5. EY’s plan to split the firm in two fell apart in April. But how much did it spend on ‘Project Everest?’
a) $600m
b) $700m
c) $800m
d) $900m
6. HSBC was hit with a fine over WhatsApp monitoring failures in May. But how much was it?
a) $45m
b) $60m
c) $75m
d) $90m
7. A month later, HSBC said it was exiting one of its famous office buildings. But which one?
a) Hong Kong Island
b) Fifth Avenue
c) Canary Wharf
d) Fort, Mumbai
8. In August, UBS unveiled its Emea country heads after the Credit Suisse takeover. But what proportion made it from its fallen rival?
a) 25%
b) 35%
c) 45%
d) 55%
9. Citi’s Jane Fraser kicked off a radical restructure of the bank in September. But how many layers of management are being stripped out?
a) 2
b) 3
c) 4
d) 5
10. A researcher at a famous hedge fund went rogue with its investing model in October. But which one was it?
a) Marshall Wace
b) Two Sigma
c) Balyasny
d) Citadel
11. KPMG UK promoted 56 new partners in November. But how many made it to the equity ranks?
a) 0
b) 10
c) 20
d) 30
12. Somerset Capital collapsed in December. But which well-known Conservative Party MP helped found the firm?
a) Matt Hancock
b) Boris Johnson
c) Jacob Rees-Mogg
d) Kwasi Kwarteng
Answers:
- d
- b
- b
- d
- a
- a
- c
- a
- d
- b
- a
- c
To contact the author of this story with feedback or news, email FN Staff
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