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U.S. retail gas prices top $3 a gallon for the first time in over 6 years
U.S. gasoline prices topped $3 a gallon on Wednesday for the first time in about six-and-a-half years — and it…
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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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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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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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Hogan Lovells mourns corporate partner Richard Diffenthal who has died at 40
Law firm Hogan Lovells has paid tribute to one of its corporate partners who has died at 40. Richard Diffenthal…
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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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SoftBank smashes profit records for Japan-based companies
TOKYO— SoftBank smashed profit records in its home country, riding a series of blockbuster initial public offerings to an annual…
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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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Linklaters elects first female senior partner as Comiskey wins leadership race
Linklaters has elected global corporate head Aedamar Comiskey as its new senior partner, becoming just the second Magic Circle law…
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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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Gas prices are ticking up after the Colonial Pipeline ransomware attack — here’s where drivers will be most affected
Just ahead of Memorial Day weekend — a time when families may be itching to get out and greet summer…
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FCA staff back management despite recent crises
FCA staff say they are a third more likely to go the extra mile than before the pandemic, according to…
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Tesla stock falls again after downbeat China sales data
Shares of Tesla Inc. fell again Tuesday, after the electric vehicle maker’s April sales in China fell sharply from March,…
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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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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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A record number of small businesses can’t find enough workers to hire, NFIB finds
A record number of small businesses said they could not fill open jobs in April, adding to a growing national…
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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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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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Pharma investors scoff at Covid vaccine patent waiver: ‘We are not convinced’
Fund managers holding healthcare and pharmaceutical stocks have questioned the US government’s decision to support a waiver on Covid vaccine…
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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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‘Stars aligning’ for boom in law firm IPOs in white hot London market
Deliveroo’s flopped IPO and concerns about restrictive listing rules in London have led to fears that the City could be…
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City risks losing tech IPO battle to New York, report warns
The UK must take urgent steps to improve London’s attractiveness as a destination for tech company listings over New York, a…
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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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Melinda Gates started divorce talks with lawyers in 2019
The split between Bill and Melinda Gates, announced last week, has been in the works for a long time. Gates…
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WSJ News Exclusive | Plant-Tech Firm Benson Hill Going Public in $2 Billion SPAC Merger
Benson Hill Inc. is going public by merging with a special-purpose acquisition company in a deal that values the plant-growing…
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KPMG sued for more than £6m by property company
KPMG has reportedly been sued for more than £6m by property company Mount Anvil, which said it was hit with…
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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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India sets grim record of more than 414,000 new COVID cases a single day as pressure builds on Modi for nationwide lockdown
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 156 million on Friday, and India set…
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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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KPMG appoints new audit head as senior changes continue
KPMG UK has appointed Catherine Burnet as its new head of audit, replacing Jon Holt, who was elevated to chief…
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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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U.S. gains disappointing 266,000 jobs in April, but all signs still point to faster hiring in months ahead
The numbers: The U.S. created just 266,000 new jobs in April even as the economy gained strength, suggesting companies might…
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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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Allen & Overy swoops on Linklaters for double partner hire
Allen & Overy has made a rare double partner hire from Magic Circle rival Linklaters in London, bringing in two…
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