Financial Services
- Finance
Amundi pulls Spac holdings on ‘pricey’ valuation fears: ‘We have been smart enough to exit’
Amundi, Europe’s largest asset manager, has roughly halved its exposure to so-called blank-cheque companies, claiming the fast-growing sector, which has…
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Investors pump record £3bn into equity funds as vaccine hotspots take gains
Equity funds on sale in the UK gathered a record £3bn in new money during April, as investors ploughed money…
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JPMorgan offers India staff ambulance access, vaccine payment as Covid-19 cases spike
JPMorgan is offering 24-hour access to ambulances, hospital beds for quarantining employees and payment for vaccines for its staff in…
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Greensill affair may trigger tighter rules for non-bank finance, FCA chief tells MPs
New FCA chief executive Nikhil Rathi has raised the prospect of greater scrutiny on non-bank finance in the wake of…
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Space tour guide? 3D printer chef? These are the jobs your kids will do, Bank of America says
Forget banker, accountant or lawyer — your kids could be embarking on careers as brain simulation specialists, space tour guides…
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Ether passes JPMorgan and Visa to record $500bn market cap milestone
Ether has reached a market capitalisation of more than $500bn, making the cryptocurrency worth more than financial heavyweights like JPMorgan and…
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NFT gold rush sees platforms boom as Jay-Z, Mark Cuban pile in
As non-fungible tokens, or NFTs, burst into the mainstream, so too have the marketplaces that host their sales. The race…
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Citi hires Ibáñez from Deutsche Bank for senior tech dealmaker role
Citigroup hired a Deutsche Bank dealmaker to bolster its technology investment banking team in Europe, a key focus for the…
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These ‘panic events’ could soon spell relief for stock markets, says top strategist Thomas Lee
The clock is ticking down to a big reading on U.S. inflation, a red-hot topic for markets. Ahead of that,…
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City fintech GoCardless reveals 90-day work from abroad policy
Staff at London fintech firm GoCardless will soon be able to spend up to 90 days per year working from…
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City urges the Bank of England to bring on the ‘Britcoin’ revolution
We must not let the Chinese get too far ahead. The UK must be at the forefront of the development…
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Andrea Orcel shuffles UniCredit leaders in first major move as CEO
New UniCredit chief executive, Andrea Orcel, has shaken up the Italian lender’s upper ranks, slimming down its executive committee and…
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Hedge fund ExodusPoint takes £26m short bet on Deliveroo
ExodusPoint Capital Management has taken up a large short position in Deliveroo, amid a difficult market debut for the UK…
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JPMorgan asks City staff to start trek back to the office from 21 June
JPMorgan will ramp up employee numbers within its England offices from 21 June, asking all its City staff to prepare…
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Top Lloyd’s of London exec to chair fintech body Innovate Finance
Innovate Finance, the industry body representing the UK’s fintech sector, has appointed Lloyd’s of London chief digital officer Louise Smith as its…
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Lex Greensill: I take ‘full responsibility’ for my firm’s collapse
Lex Greensill, founder of the eponymous supply chain finance firm Greensill Capital, apologised for the company’s collapse and took full responsibility…
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Can central bank digital currencies and bitcoin co-exist?
Bank of England boss Andrew Bailey recently said cryptocurrencies hold no intrinsic value, and warned investors to buy them “only…
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Back to the office — Here’s what we know about who’s going back and when
That’s the official UK government line before the fourth and final step of its road map come 21 June, when the Prime Minister…
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Cameron concerned about Greensill as early as December, inquiry hears
Former Prime Minister David Cameron has said that he first became concerned that Greensill Capital might be in “serious financial…
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Use dogecoin to buy a Model Y? Elon Musk wants to know if Tesla should accept the crypto
Crypto bull and Tesla Chief Executive Elon Musk appears to be toying with the idea of allowing customers to use…
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Just 3% of asset manager CEOs are female – report
Among the world’s 50 biggest asset managers, just 3% of chief executive officers are women, a report by recruitment firm Heidrick…
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UBS to pay analysts a $40k promotion bonus as junior talent war increases
UBS is paying its junior bankers a one-off bonus of $40,000, nearly double some of its rivals, as investment banks…
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Junior bankers at Stifel to get a $10,000 bonus, even if they quit
Independent investment bank Stifel is offering analysts a $10,000 “appreciation” bonus, even if they have already announced their resignation, in…
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Jamie Dimon’s Zoom fatigue is a sign home-working backlash is coming
Jamie Dimon has had enough of Zoom, and he’s not the only one. The JPMorgan boss said he’s keen to…
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Elon Musk is thinking of taking dogecoin as payment for Tesla cars
Eccentric billionaire Elon Musk is considering accepting dogecoin as payment for products at electric car firm Tesla, months after introducing…
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Symphony new CEO Brad Levy on how 100-hour weeks at Goldman set him apart
Brad Levy has big changes planned for Symphony, the $1.4bn financial communications provider he is soon to take over. With…
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Goldman juniors’ 100-hour weeks and the plight of young bankers — Here’s what you need to know
It all started with an explosive leaked survey from 13 Goldman Sachs analysts, whose complaints of shocking workloads and brutal…
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Ethereum price surges above $4,000 but overshadowed by dogecoin buzz. What is Ether?
Ether prices on the Ethereum blockchain have been steadily and quietly carving out new highs as buzz in the crypto…
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Government sells down another 5% of NatWest stake
The Treasury is selling down another 5% of its stake in NatWest Group. The bank remains majority state-owned, but the…
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Kirkland & Ellis poaches Clifford Chance private equity star
Kirkland & Ellis has hired Clifford Chance private equity rising star Gregory Scott as a partner in its London office. Scott…
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Jefferies hires two Deutsche Bank veterans amid Spac boom
Jefferies has hired two senior Deutsche Bank equity dealmakers, another sign that competition for talent in the sector is heating…
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Here are the odds on dogecoin hitting $5, despite Elon Musk’s ‘hustle’ remark
The likelihood of dogecoin surpassing $5 in value by the end of this year is increasing, jumping week-on-week despite a…
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UBS exploring offering cryptocurrencies to wealthy clients
UBS is looking into offering its wealthy clients access to cryptocurrency investments, in the latest example of a large bank…
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Societe Generale aiming for greater profit from investment bank division
Societe Generale SA is targeting a higher profitability for its global banking and investor solutions unit, which includes investment banking…
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Should investors care about crypto? Here’s what the experts say
Cryptocurrencies have continued their meteoric rise in recent weeks, with alternative players such as ether and dogecoin gaining ground on…
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Activist Bramson sells entire 6% stake in Barclays
Activist investor Sherborne Investors has sold its entire stake in Barclays, ending a three-year battle with the UK lender’s chief…
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Boutique Bacchus Capital expands into North America with veteran dealmaker hire
A boutique advisor set up by the former head of European investment banking at Jefferies four years ago, is opening…
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Ether hits new record high, crests $4,000 milestone
Just a week after topping $3,000 for the first time, Ether — the cryptocurrency that runs on the ethereum blockchain…
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Elon Musk, ‘SNL,’ Dogecoin, and Mother’s Day: The Making of a Comic Cocktail
Elon Musk’s newest SpaceX rocket stuck its landing Wednesday. Whether the unorthodox billionaire has as much success landing jokes on…
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Suspect who held hostages at Minnesota Wells Fargo arrested after standoff
ST. CLOUD, Minn. (AP) — A man accused of holding five employees hostage at a Minnesota bank following a dispute…
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Irish investment bank Davy hires five as it eyes UK expansion post-Brexit
Ireland’s biggest stockbroker, Davy, has named five new senior hires for its London operation and plans to bolster its UK…
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Trading places: Hires for Bank of America, Allen & Overy and Cboe Europe
Bank of America hired a senior dealmaker from Citigroup in Paris as it continues to build up its presence in…
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BNP Paribas hires Goldman Sachs banker Heuer to bolster ECM team
BNP Paribas hired a top Goldman Sachs equity capital markets banker as revenues in the sector continue to surge on…
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Winklevoss, Musk, Cuban: Here’s who’s backing dogecoin
Dogecoin is everywhere, dogecoin is life. Or at least, that’s what some of its biggest supporters think. The cryptocurrency, first…
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Cboe poaches BofA’s Tiefenbrun to head European equities unit
Exchange operator Cboe Europe has hired Natan Tiefenbrun as senior vice president, head of European equities. Tiefenbrun is joining Cboe…
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Numis plans investment bank expansion after record start to the year
City broker Numis more than doubled investment banking fees in the first half of its fiscal year as UK initial…
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FCA unveils proposals for long-term asset fund
The UK regulator has unveiled plans for a new fund structure that would allow investors to allocate money more “efficiently”…
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BlackRock at Odds With Warren Buffett’s Berkshire Hathaway Over Disclosures
The world’s largest asset manager is in disagreement with the world’s most famous investor. BlackRock Inc. voted for two shareholder…
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Tech giants shift to hybrid working as Coinbase ditches Silicon Valley base
Tech companies are moving towards a hybrid working strategy, phasing in plans for remote working as some opt to ditch…
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PayPal wants customers to embrace cryptos for payment
PayPal Holdings is looking to expand its lucrative business of enabling customers to pay merchants with crypto assets, but the…
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