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Budget 2021: Five key takeaways for the City
The Chancellor of the Exchequer Rishi Sunak has delivered his Budget for 2021, announcing a raft of changes to ensure…
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Zoom Video can still thrive in a post-vaccine world, analysts say
Zoom Video Communications Inc. continued to show strong momentum in its latest quarter, fueling optimism that the company can keep…
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Deutsche Bank shakes up junior recruitment to diversify from MBA hires
Deutsche Bank is overhauling the way it hires junior bankers, expanding jobs typically reserved for elite MBAs to professionals with…
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Greensill Capital planning insolvency amid deal talks with Apollo
Embattled financial startup Greensill Capital plans to file for insolvency in the UK this week, as it simultaneously moved toward…
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Deloitte agrees to pay Malaysia $80m to settle 1MDB claims
Accountancy firm Deloitte PLT has agreed to pay the Malaysian government $80m to settle claims relating to its auditing of…
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New Citi CEO Jane Fraser unveils net-zero targets on first day at the helm
Citigroup chief executive Jane Fraser has used her first day at the helm of the US bank to unveil ambitious…
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Financial services firms move £1.3tn out of UK since Brexit vote
Financial services firms have said they have moved £1.3tn from the UK to the EU since the 2016 Brexit referendum. Data…
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Jon Little’s Alderwood Capital begins hunt for investors
Alderwood Capital, the fund management business launched by former Northill Capital founder Jon Little, has made a trio of hires…
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City hedge fund manager’s suicide indicative of wider sector Covid stress
A hedge fund manager who took his own life last year was experiencing high stress amid a tough time for…
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M&G pledges to end thermal coal investments
M&G, the UK-listed fund management group, will begin to phase out coal across its investments, making it the latest asset…
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‘Before Covid, WFH was seen as a day at the golf course’: How the pandemic changed the City forever
On a cold, wet morning on 5 March 2020 around 100 equity research analysts were ushered down a fire escape…
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Greensill Capital: How the SoftBank-backed firm has ended up on the brink
Pressure is mounting on SoftBank-backed Greensill Capital after major backers signalled moves to halt trading in and out of the…
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JPMorgan to opt for ‘carrots and sticks’ approach to vaccine, says CEO Jamie Dimon
JPMorgan will not make a Covid-19 vaccination mandatory but will take a “carrots and sticks” approach to vaccines and the…
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Goldman Sachs creates new London team to capitalise on Spac boom
Goldman Sachs has shifted two of its most senior equity bankers in London into a new team that will look…
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Stressed about saving for retirement? Focus on your ‘bottom line’
The cost of living is high — for some more than others — but a few changes in spending can…
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WSJ News Exclusive | Oil Trade Group Is Poised to Endorse Carbon Pricing
WASHINGTON—The oil industry’s top lobbying group is preparing to endorse setting a price on carbon emissions in what would be…
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Nio’s sales top $2 billion in ‘transformational’ year
Nio Inc.’s American depositary receipts fell more than 3% in the extended session Monday after the China-based electric-car maker reported…
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Softbank agrees $1.6bn settlement with ex-WeWork boss Adam Neumann, others
Softbank has announced it has reached a $1.6bn settlement to a lawsuit brought against it by ex-WeWork chief executive Adam…
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Greensill Capital faces possible insolvency after Credit Suisse suspends investment funds
Greensill Capital is headed toward a rapid unraveling after Credit Suisse Group suspended $10bn of investment funds that fuelled the…
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This bank tripled negative interest-rate deposits — and expects that business to improve
The Bank of Ireland said on Monday that it tripled negative interest-rate deposits last year — and plans to further…
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Execs at City watchdog FCA face pay cuts amid fallout from LCF collapse
The City watchdog’s executive committee members face pay and bonus cuts as part of the fallout from the collapse of…
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Goldman Sachs asset management co-head Lane to step down
Eric Lane, the co-head of Goldman Sachs global asset management business, is stepping down six months after being appointed to…
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M&A surges to record $405bn in February as tech deals boom: ‘2021 is shaping up to be incredibly busy’
Companies across the globe clinched almost $700bn worth of mergers and acquisitions during the first two months of the year,…
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Timeline of the collapse of London Capital & Finance
The ramifications of the now-collapsed mini-bond investment firm London Capital & Finance are still being felt across the City. As…
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Klarna valued at $31bn after Swedish fintech raises $1bn from funding round
Swedish payments giant Klarna has closed a fresh $1bn financing round, pushing the company’s valuation up to $31bn ahead of…
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Credit Suisse suspends $10bn in funds tied to Greensill
Credit Suisse said it suspended a group of private investment funds tied to supply-chain finance assets created by SoftBank-backed specialty-finance company Greensill…
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China Got Its Economy Growing Again, but a Shortfall in Babies Will Be Harder to Fix
China may have blunted the pandemic’s impact on its economy, but a shortfall in babies is clouding its growth horizon.…
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Credit Suisse explores ways to reduce links to Greensill Capital over Gupta exposure
Credit Suisse Group is looking at ways to reduce ties to Greensill Capital over concerns about the specialty finance firm’s…
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Treasury calls for higher corporation tax for ‘unsustainable’ public finances
The Treasury Committee has called for an increase in corporation tax to address the “unsustainable public finances”. The group of…
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Kalifa Review: All you need to know about the UK’s 106-page fintech report
Greater government oversight, hand-holding by regulators and a £1bn growth capital fund must be considered at pace if the UK…
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Nikola stock gains after narrower Q4 loss for electric-truck maker
Nikola Corp. late Thursday reported a narrower-than-expected adjusted quarterly loss and said it is refocusing on its “core businesses” around…
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Trading Places: HSBC’s big shake-up, BofA reshuffles M&A, a brutal bonus season
HSBC has named a number of new senior leaders in Europe, the US and the Middle East as the lender…
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BA owner calls for digital vaccine passports to kickstart travel, boost ailing industry
The International Airlines Group, which owns British Airways, has called on the government to introduce digital Covid-19 vaccine passports so…
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Salesforce earnings live up to Benioff’s $20-billion goal, so now it’s on to the next one
Salesforce.com Inc. easily topped $20 billion in revenue for the first time in its recently completed fiscal year, so now…
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Aquis says it will trump City market expectations
Aquis, one of the UK’s smaller alternatives to the London Stock Exchange’s Aim, has said it expects to surpass market…
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JPMorgan CFO Jennifer Piepszak says investment banking fees could be up 30% on Q1 2020
Investment banking fees at JPMorgan in the first quarter are likely to be up over 30% on the same period…
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