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Here’s how to speed up the ‘glacial’ progress of women in senior executive roles
Back in 2010 women made up only 12.5% of the boards of FTSE 100 companies, and the rate of increase…
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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…
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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…
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Liberum hires two trading heavyweights as electronic volumes triple in pandemic
Liberum has hired two senior trading professionals as the independent investment bank looks to expand its burgeoning electronic trading platform.…
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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…
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El-Erian: A promising moment in America’s recovery
President Joe Biden’s announcement that the US will have enough Covid-19 vaccines for every American by the end of May has contributed…
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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…
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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…
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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…
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England lifts lockdown: Here’s what you can do from today
The government is beginning its programme of slowly easing lockdown restrictions across England on 8 March, marking the start of…
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GameStop frenzy emboldens Democrat supporters of a new trading tax
The wild volatility in GameStop shares this year has emboldened Democrats who advocate a tax on stock trades. A financial-transaction tax, or FTT,…
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Manchester United Returns to Profit Despite Stadium Ban on Fans. The Stock Is Rising.
Manchester United star Marcus Rashford has had an impact on and off the pitch, campaigning to end child food poverty…
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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…
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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…
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More people ditch remote working amid lockdown commuter spike
The number of British workers travelling to work at the end of February increased to 39%, despite rules ordering people…
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Credit Suisse to shutter suspended funds with $10bn exposure to Greensill
Credit Suisse Asset Management has said it will terminate four funds valued at $10bn which it suspended on 1 March…
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Bitcoin’s chances of hitting $100,000 in 2021 stumble as Kanye West tipped to buy $100m
The likelihood of bitcoin reaching $100,000 in value this year has fallen to 36% following a difficult week for the…
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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…
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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…
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Ex-LSE boss Xavier Rolet: Listings shake-up will lure top firms to London
The proposed shake-up of UK listing laws has “nothing to do with Brexit” and is “long overdue” to ensure that London’s…
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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…
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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…
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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.…
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Credit Suisse spotted early signs of trouble brewing at Greensill Capital
Credit Suisse Group knew since 2019 that supply-chain finance funds it ran with Greensill Capital were too reliant on a…
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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…
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Spacs in the UK? Everything you need to know about Lord Hill’s IPO and listing review
Lord Hill’s review of the UK’s listing regime has recommended a series of reforms aimed at making the UK a…
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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…
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City of London Corporation launches fleet of electric bin lorries
The City of London Corporation will run a full fleet of electric refuse collection vehicles. In a 4 March statement,…
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Here’s what City firms make of the Budget
UK Chancellor Rishi Sunak has delivered a budget that he said is designed to “protect jobs and the livelihoods of…
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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…
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Credit Suisse tells juniors to expense takeaways as deal boom makes all-nighters the norm
Investment banks are rolling out a new perk for juniors burning the midnight oil at home — free takeaways. Banks…
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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…
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Deliveroo picks London for $7bn IPO
Food delivery company Deliveroo has chosen London for its initial public offering. In a 4 March press release, the firm…
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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…
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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…
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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.…
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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…
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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…
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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…
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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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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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Budget 2021: Sunak urges Bank of England to think ‘creatively’ to boost City post Brexit
Chancellor Rishi Sunak has asked the Bank of England to think “creatively” in ensuring the UK’s financial services industry remains…
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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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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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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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Here’s what UK fintech says the Kalifa Review got wrong
On 26 February, the long-awaited Kalifa Review of the UK fintech sector landed to great fanfare. Authored by former Worldpay…
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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…
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