industrial news
- Finance
Best of women in Financial News: Jane Fraser, Catherine McGuinness, Farmida Bi and more
Financial News has captured the personalities of some of the City’s most senior women in the world of banking and…
Read More » - Finance
Walking the talk: Meet the most inclusive private equity and venture capital firms
The alternative investments industry remains an old boys’ club. Women, for example, still make up only 19.7% of employees, according…
Read More » - Finance
Here’s how Wall Street banks are hiring for the blockchain revolution
JPMorgan is spearheading the charge on Wall Street, as the world’s top banks are rapidly hiring to beat the competition in developing…
Read More » - Finance
Deloitte UK deputy chief Dimple Agarwal steps down after bullying claims
The deputy chief executive of Deloitte UK, Dimple Agarwal, has stepped down from her leadership roles following claims she bullied…
Read More » - Finance
Starling Bank nets £272m in late-stage funding led by Fidelity and Qatari investor
British digital challenger Starling Bank has raised £272m in a series D funding round from a spate of City, international…
Read More » - Finance
Freshfields boss Georgia Dawson sets race and gender diversity targets for Magic Circle firm
The new senior partner of Freshfields Bruckhaus Deringer, Georgia Dawson, has announced a series of diversity targets for the law…
Read More » - Market
Biden to sign voting-rights executive order in nod to ‘Bloody Sunday’ in Alabama 5½ decades ago
WASHINGTON (AP) — A new executive order from President Joe Biden directs federal agencies to take a series of steps…
Read More » - Market
Weekend reads: Big tech stocks may be close to calmer waters
The decline in technology stocks amid inflation fears may be setting up a buying opportunity for investors. The Nasdaq-100 Index…
Read More » - Market
‘It is simply not possible.’ Calls for tax deadline extension mount as accountants say they can’t do everything by April 15
As the April 15 deadline to file and pay taxes closes in, some of the accountants preparing those returns are…
Read More » - Market
Home Price Growth in U.S. Cities Surpasses Suburbs for the First Time Since the Pandemic Started
For the first time since the onset of the Covid-19 pandemic, median home price growth in U.S. cities has outpaced…
Read More » - Finance
Trading Places: Pimco nabs ex-White House adviser, Goldman exits, Simpson Thacher hires Blackstone GC
Pimco, the US bond giant, has appointed a former White House staffer to its advisory board — the second high…
Read More » - Finance
London Stock Exchange Group reports £2.1bn total revenue for 2020
The London Stock Exchange Group reported total revenue of £2.1bn in 2020, a 3% increase from 2019 as the company…
Read More » - Finance
Mark Mobius: Yep we’re in a bubble, especially in crypto
Mark Mobius, the veteran emerging markets investor, has warned a bubble is forming in certain parts of the global financial…
Read More » - Finance
UBS hikes bonuses by nearly 50% for senior employees after bumper year
UBS hiked bonuses for a select group of senior staff by nearly 50% after a bumper year for the Swiss bankers…
Read More » - Finance
Schroders boss says Spacs will help City ’embrace new world’
Peter Harrison, chief executive of FTSE 100 listed asset manager Schroders, says proposals designed to encourage international companies to list in…
Read More » - Finance
Aviva plans to slash UK office space by up to 30% by end of 2021
UK insurer Aviva plans to cut up to 30% of its 1.7 million square feet office space across the UK.…
Read More » - Finance
Budget tax hike threatens plan for City post -Brexit fightback
Imagine you are the European boss of a US financial firm based in Canary Wharf. Post Brexit you are wrestling…
Read More » - Finance
FCA bans ex-Stifel trader for market abuse
The Financial Conduct Authority has banned a former Stifel Nicolaus Europe market-making trader from regulated activity and fined him £52,500…
Read More » - Finance
Schroders predicts ‘favourable environment’ for active funds as assets reach new high
Schroders posted a 15% increase in assets under management last year, cementing its position as the UK’s largest listed fund…
Read More » - Finance
Pimco adds former White House defence expert to advisory board
Pimco, the US bond giant, has appointed a former White House staffer to its influential advisory board — the second…
Read More » - Finance
Budget 2021: Corporation tax will bite most profitable UK companies
Chancellor Rishi Sunak’s move to raise corporation tax to 25% from 19% by 2023 has been greeted with resigned acceptance…
Read More » - Finance
Vaccine rollout helps end dry spell for UK equity fund inflows
Investment funds that invest specifically in UK-listed companies turned a corner in February, with the rapid rollout of Britain’s Covid…
Read More » - Finance
KPMG UK agrees sale of restructuring business in PE-backed management buyout
KPMG UK has agreed to sell its restructuring unit in a management buyout backed by private equity firm H.I.G. Europe.…
Read More » - Finance
Hong Kong won’t appeal ex-JPMorgan banker bribery acquittal
The Hong Kong government won’t appeal the acquittal of an ex-JPMorgan banker accused of bribery after offering a job to…
Read More » - Finance
Wealth managers warn UK’s richest: A wealth tax is coming
Britain’s richest bankers and hedge fund managers should prepare now for the introduction of tax hits on their wealth to plug…
Read More » - Market
AMD releasing new gaming card amid chip shortage
Advanced Micro Devices Inc. said Wednesday it’s releasing a new model of gaming card amid shortages that have plagued customers…
Read More » - Market
Wall Street’s 20 favorite infrastructure stocks are expected to climb as much as 34% over the next year
Getting a C-minus grade usually isn’t good news, but it promises to be just that for investors looking to capitalize…
Read More » - Finance
German watchdog orders Greensill Bank to close, halts firm’s acceptance of new payments
German regulator BaFin has slapped a ban on Greensill Bank for disposals and payments, and ordered it to close. The Federal Financial…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Market
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Regulators monitor Greensill as financier scrambles to sell core parts of business
Pressure mounted on embattled SoftBank Group-backed Greensill Capital as it scrambled to sell core parts of its business and regulators…
Read More » - Finance
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…
Read More »