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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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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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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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Linklaters’ new senior partner faces battle to reform pay, insiders say
When Aedamar Comiskey takes up her role as the first female senior partner in Linklaters’ 183-year history on 1 July,…
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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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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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Covid vaccine passport goes live on an NHS app from 17 May
Travellers will be able to use the NHS app as a Covid passport from next week, according to the UK…
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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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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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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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City tube travel crashes 90% amid Covid crisis
Footfall across the City’s tube stations has crashed to as little as 10% of its pre-crisis level, figures provided to…
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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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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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Rich countries can help themselves by helping the poorer majority
What is remarkable about the increase in nationalist sentiment across the developed world in recent years is that it is…
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UK lockdown roadmap: Green light for Step 3 — here’s what’s next
The government has confirmed that the UK will move on to the next stage of its economic reopening. Under Step…
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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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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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‘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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If you ‘sell in May’, stick around for the summer
Should you dump all your stock market funds on the first of May, go away, and come back again for…
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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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Sadiq Khan wins second term in tight London mayor race
Sadiq Khan has emerged victorious in the race to become London’s next mayor. The Labour candidate received 40% in the…
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