yahoo finance news
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GAM calls time on supply chain finance fund linked to Greensill
GAM, the Switzerland headquartered asset manager, has announced it will close an investment fund linked to Greensill Capital — the…
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Budget 2021: UK economy will grow 4%
The UK’s economy is expected to grow 4% in 2021 and regain its pre-pandemic level in the second quarter 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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Return-to-Office Plans Are Set in Motion, but Virus Uncertainty Remains
A year and a pandemic ago, over 100,000 people filled the central business district in Charlotte, N.C., pouring out of…
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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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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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Making the City best for business is more important than trade deals
The dramatic migration of share trading from London to Amsterdam and the foot-dragging by Brussels over granting UK access to…
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FOMO driving billionaire hedge fund boss Danie Loeb to ‘deep dive’ into cryptos?
Daniel Loeb, chief executive of hedge fund Third Point, said he has been on a “deep dive” into cryptocurrency recently…
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Warren Revives Wealth Tax, Citing Pandemic Inequalities
WASHINGTON — Senator Elizabeth Warren, Democrat of Massachusetts, introduced legislation on Monday that would tax the net worth of the…
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EU plans Covid-19 digital passport in time for summer
The EU will propose Covid-19 passports to facilitate travel within the bloc later this month in time for the summer,…
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An apprenticeship FAQ: What employers need to know about talent development
Technologies such as automation and artificial intelligence are influencing jobs and workflows across every major industry. However, businesses that want…
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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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How Can Biden Bring Back Manufacturing Jobs? Weaken the Dollar
Dr. Gagnon estimates that as a result of these forces, the dollar was 10 to 20 percent above its expected…
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HSBC cuts staff and shakes up executives in London equities unit
HSBC is overhauling its equities trading unit in London, cutting jobs and shifting senior UK-based staff to Paris or Hong…
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Jane Fraser tasked with refreshing Citigroup
Jane Fraser wants to simplify Citigroup the original megabank. That won’t be easy. On 1 March, Fraser took over as chief executive…
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EU signals short-selling crackdown amid GameStop mania — raising ire among market bears
Short-sellers could be faced with increased scrutiny when targeting European companies following the GameStop furore in the US, according to…
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They Were on Equal Footing. Then the Ground Shifted.
“You just got to scrape along and gut it out,” he said. “We’re really struggling to get by.” But in…
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Our fragile mental health is the hidden threat to the economic recovery
Breadcrumb Trail Links News Economy Kevin Carmichael: If country’s workforce is coping with low-grade PTSD, there aren’t any simple levers…
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The program that could revitalize both red and blue America
Just one month into his term, President Joe Biden faces challenges on multiple fronts. Quelling the COVID-19 pandemic. Delivering on…
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Income and Spending Gains Are Latest Sign of Economic Recovery
Personal income was up a remarkable 10 percent in January, the Commerce Department reported on Friday, but the increase was…
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Barclays ECM exec Febrer-Bowen lands new role weeks after retirement
The former head of continental European equity capital markets at Barclays has secured a new role leading corporate development at…
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Why the Brexit battle over London’s derivatives dominance may drag on for years
The battle for London’s trading and clearing of derivatives is heating up. But it probably won’t be settled any time…
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Alberta’s financial crisis deepens with $115.8B in debt despite prospects of higher oil prices
Breadcrumb Trail Links News Energy Economy Commodities Alberta’s payments to service ballooning debt exceeds corporate taxes Author of the article:…
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Biden’s Pick for Trade Representative Promises Break With Past Policy
WASHINGTON — Katherine Tai, President Biden’s pick for United States trade representative, promised lawmakers during her confirmation hearing on Thursday…
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‘We would have to resist very firmly’: BoE’s Bailey braces for €84tn Brexit battle for London’s derivatives crown
The Bank of England governor Andrew Bailey issued a warning about how the Brexit battle for London’s financial crown could…
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Vanguard, BlackRock singled out for $170bn coal exposure
Vanguard and BlackRock, the world’s two largest asset managers, have been singled out for having the highest exposure to the…
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Axa IM assets reach record high after bumper 2020
Axa Investment Managers, the asset management arm of the French insurance giant, posted a more than three-fold increase in new…
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Unemployment claims dropped last week as coronavirus cases eased.
New claims for unemployment fell last week, the government reported on Thursday, the latest sign that the labor market’s recovery,…
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The business case for expanding apprenticeships: Federal and employer perspectives
Apprenticeships are an overlooked solution in the United States for increasing access to quality jobs and expanding the pool of qualified talent. As an…
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HSBC shrinks bonuses for London investment bankers by up to 20%
Investment bankers in HSBC’s London operations have seen bonuses decline by as much as 20%, as the UK lender has…
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Carlyle’s Rubenstein says biggest economic risk is high unemployment, not stock market speculation
David M. Rubenstein, Co-Founder & Co-Executive Chairman, The Carlyle Group. David A. Grogan | CNBC Carlyle Group co-founder David Rubenstein told CNBC…
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We need to do more to attract IPOs to London
Let’s be frank with each other: London’s enduring success as a global financial centre reaches well beyond any of the…
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Atom Bank sets sights on IPO by 2023 amid £40m fundraising
British challenger Atom Bank has said it plans to go public within the financial year 2022-23 as it nears profitability…
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City watchdog beefs up exec team for post-Brexit leadership
The UK’s Financial Conduct Authority made several new hires to its executive team as part of efforts to navigate a landscape dominated…
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UK investors ratchet up pressure on companies over ethnic diversity
The UK’s fund management lobby group will turn up the heat on companies in the coming months over ethnic diversity in…
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Goldman Sachs boss David Solomon slams WFH as an ‘aberration’
Goldman Sachs chief executive David Solomon has sent the clearest message yet to homebound traders and investment bankers — don’t…
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Biden Looks to a Consensus Builder to Heal a Democratic Rift on Trade
WASHINGTON — The negotiations lasted late into the evening, leaving some members of Congress shouting and pounding the table in…
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Bank of America names Berendes, Brabazon new M&A leaders in Europe
Bank of America has shaken up the leadership of its mergers and acquisitions team in Europe amid global surge in…
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Mandatory gender pay gap reporting to restart from October
Companies will have to resume reporting their gender pay gap reporting from October 2021, the Equality and Human Rights Commission…
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Here’s why London is still a favourite for the world’s richest
The wealthiest individuals in the world still have London in their sights for prime property, lifestyle and business investment options.…
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HSBC plans $6bn in Asia investments as profits slump by 34%
HSBC is sticking to cost-cutting measures that will see it strip out 35,000 jobs and will invest up to $6bn…
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Metro Bank reports £271.8m loss on pandemic hit
Metro bank reported an underlying loss before tax of £271.8m for 2020, taking an estimated £124m hit from the impact…
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Powell Focuses on Economic Need at Key Moment in Markets and Politics
The American economy remains far from healed and the Federal Reserve is in no hurry to dial back its support,…
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HSBC London bankers brace for job cuts amid Asia shift: ‘There is a lot of middle management in the UK’
Mid-ranking bankers at HSBC in London are braced for more cuts as the bank looks to shift more leadership and…
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HSBC overhauls debt capital markets as Gabizon exits after 35 years
HSBC has installed new leaders in its European debt capital markets business as one of its senior dealmakers in France…
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Inflation fears take back seat as Bank of Canada puts focus on jobs recovery
Breadcrumb Trail Links Economy ‘We can expect a long adjustment process and a protracted recovery’ Author of the article: Kevin…
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Standard Life Aberdeen paves way for rebrand after fresh deal with Phoenix
Standard Life Aberdeen, the FTSE listed asset manager, has sold the Standard Life moniker to UK insurer Phoenix Group —…
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Former Fidessa chair joins PwC spin-out
John Hamer, the former chief executive and chairman of trading software giant Fidessa, has joined LikeZero as the fintech firm’s new chair. LikeZero,…
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Why Top Economists Are Citing a Higher-Than-Reported Jobless Rate
America’s official unemployment rate has declined sharply after rocketing up last year, but top government economic officials are increasingly citing…
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