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Home Prices Are Soaring. Is That the Fed’s Problem?
Robert S. Kaplan, the president of the Federal Reserve Bank of Dallas, has been nervously eyeing the housing market as…
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Credit Suisse M&A fees slide by 34% amid dealmaker exodus
Credit Suisse’s M&A revenues tumbled by 34% in the second quarter as the Swiss bank battled to stem an exodus…
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Credit Suisse made deep cuts to risk team ahead of Archegos collapse
Credit Suisse had just a single senior risk manager in its US prime services division last year as the bank…
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Monzo faces FCA scrutiny over financial crime controls
Monzo has warned for the second consecutive year that there is “material uncertainty” over whether it can turn a profit…
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Trading Places: Credit Suisse nabs Goldman risk boss; Barclays’ overhaul rages on
As Credit Suisse continues to reel from scandal, the bank tapped a Goldman Sachs executive as its next chief risk…
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Robinhood suffers stock price dip after hyped IPO
Robinhood, the trading app synonymous with hot stocks, got a cold reception from investors in its own stock-market debut. The investing…
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Macklem keeping inflation expectations in check with call not to overreact, economists say
Breadcrumb Trail Links News Economy ‘The Bank of Canada was there to prevent deflation when the economy plunged. We remain…
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‘40 acres and a mall’: How community ownership models can preserve economic power in Black neighborhoods
In the famous post-Civil War initiative known as “40 acres and a mule,” Union General William T. Sherman promised newly…
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Mortgage rates just dropped to a six-month low, and refinances shoot higher
A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open…
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Pending home sales drop in June — more evidence of a housing turnaround
A real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul…
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Barclays names new capital markets leaders in latest shake-up
Barclays promoted a swathe of senior capital markets bankers as the UK lender continues to reshape the top of its…
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Barclays dealmakers post record quarter despite sharp fall in fixed income trading
Barclays investment bankers posted a record quarter despite a 40% slump in fixed income trading revenues as fees surged during…
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Video: Federal Reserve Holds Rates Near Zero
new video loaded: Federal Reserve Holds Rates Near Zero transcript Back transcript Federal Reserve Holds Rates Near Zero The chair,…
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The pandemic hurt low-wage workers the most—and so far, the recovery has helped them the least
Contents The recession associated with the COVID-19 pandemic announced itself in spring 2020 with head-spinning job losses: 22 million lost…
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Can Robinhood thread the needle for a winning IPO?
Initial public offerings can be a little bit like politics: a decent outcome may be when everyone is only a…
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Jumping prices and the ghost of 2013’s market meltdown loom over the Fed.
Federal Reserve officials are gathering in Washington this week with monetary policy still set to emergency mode, even as the…
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Why Amazon’s crypto bet isn’t about bitcoin — it’s about banks
Though blockchain has long been on its agenda, Amazon’s entry into digital currencies as the world’s largest online retailer has…
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Will the Delta Variant Wreck the Recovery?
The good economic news, when it comes to the ascendant Delta variant of the coronavirus, is that it puts the…
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IMF warns that inflation could prove to be persistent and central banks may need to act
Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Scott Olson | Getty Images The…
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The I.M.F. warns of a lopsided economic recovery but retains its 6 percent global growth forecast.
The International Monetary Fund warned on Tuesday that the gap between rich and poor countries was widening amid the pandemic,…
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Standard Chartered scraps academic bar in bid to attract diverse apprentice pool
Standard Chartered is offering a route into a front line investment banking job for those from lower socioeconomic backgrounds by scrapping…
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Credit Suisse hires Goldman Sachs executive Wildermuth as new chief risk officer
Credit Suisse has tapped a Goldman Sachs executive as its next chief risk officer as the Swiss bank continues to…
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The Travel Industry’s Reckoning With Race and Inclusion
“These road trips and initiatives that speak to people of color in general are important because we’ve been left out…
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Bankers now face compliance crackdown over Covid rule breaches
Compliance rules have always been a headache for City workers. During the pandemic, they are becoming a nightmare. Texts about…
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Bitcoin tumbles from $40,000 high after Amazon denies crypto plans
Cryptocurrencies lost ground after spike in momentum as e-commerce giant Amazon denied speculation that it planned to develop its own token, causing…
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NatWest chair: Is central bank power getting out of control?
In the Forbes list of the World’s Most Powerful People for 2012, Ben Bernanke, then the chair of the US Federal…
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Starling Bank makes first acquisition with £50m deal for mortgage lender
Starling Bank agreed to acquire a buy-to-let specialist mortgage lender in a £50m deal, marking the fintech firm’s first acquisition…
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The stage is set for a dramatic encore of the experience economy
By 2030, more than two thirds of the global population is expected to be middle class, with most of the…
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The bond market is torn over the potential for higher inflation and lower growth
A man wearing a protective face mask walks by 14 Wall Street in the financial district of New York, November…
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The rapid growth the U.S. economy has seen is about to hit a wall
A National Park Service worker replaces a flag at the Washington Monument which reopened today following a six month closure…
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Dimon life: Will JPMorgan boss’s bonus rub shareholders up the wrong way?
Aw, you shouldn’t have. JPMorgan Chase’s board surprised investors by giving chief executive officer Jamie Dimon 1.5 million stock options on top of…
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FCA staff receiving stress-related counselling triples in ‘challenging’ pandemic year
The numbers of Financial Conduct Authority staff receiving counselling for “work or external stress” tripled during the first year of a…
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Will a government venture capital fund really help private investors?
It is hard to overstate how far the European venture capital industry has come since the turn of the millennium. Although…
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For Airlines, It’s Looking More Like 2019 Again
The aviation recovery is gaining momentum. A summer travel bonanza is exceeding expectations, helping airlines earn profits again and brightening the…
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Barclays hires SocGen veteran Meyer as European dealmaker hiring spree continues
Barclays has hired a 23-year veteran from Societe Generale for a senior investment banking job in Europe as the UK…
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Bitcoin looks fraught as an inflation hedge amid selloff
Bitcoin’s steep selloff is undercutting the argument made by the digital currency’s proponents that it’s an inflation hedge. The original…
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View: Is Brussels taking dirty money seriously?
Preventing and combating money laundering and terrorist financing has been on the EU’s agenda for more than 30 years. The…
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Starling Bank trims losses as Covid schemes supercharge lending
Starling Bank has trimmed its losses as the business shifted to recognise lending as its main source of income thanks…
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The National Labor Relations Board grants a reprieve to inflatable rats.
It turns out that inflatable rodents may be as unstoppable as their living, breathing cousins. On Wednesday, the National Labor…
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Tiff Macklem breaks ‘groupthink’ inertia with appointment of Sharon Kozicki as Bank of Canada deputy governor
Breadcrumb Trail Links News Economy Kevin Carmichael: Macklem finds a way to avoid indignity of leading only major central bank…
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Europe investors yank €14bn from Russell, Aviva and M&G funds
Investors pulled billions from funds managed by Russell Investments, Aviva Investors and M&G during the first half of the year,…
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Berenberg’s Janssens on women in banking: ‘Judge an organisation on how it treats its mothers’
When Laura Janssens joined Berenberg in 2011 after 12 years in senior roles at bulge bracket investment banks, she was…
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Ashurst partner profit smashes £1m for first time since financial crisis
City law firm Ashurst has unveiled average partner profits of more than £1m for the first time since 2008 on…
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Crypto causes ‘severe damage’ to investor ESG credibility, says Candriam
Significant direct investment in cryptocurrencies by asset managers or large institutional investors can cause “severe damage to [their] environmental, social…
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Builders pull back as more homebuyers are priced out of the market
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S.…
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Boutique Stifel follows Wall Street rivals with $100,000 salary for juniors
Boutique investment bank Stifel has joined larger rivals by increasing pay for entry-level jobs to $100,000 as the sector faces a…
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Greensill scandal spotlights risks of non-bank finance sector
The Greensill Capital scandal has shone a spotlight on the risks involved with non-bank firms spreading into areas of finance…
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Stock picking fund managers see bargains as markets digest ‘living with Covid’
The spread of the Delta variant of Covid-19 sparked stock market tumbles on 19 July — while the pound posted a five-month low against the…
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Christophe Roupie: ‘Brexit does make life a bit more difficult’
MarketAxess could be said to have had a good pandemic. As the Covid-19 crisis ripped through financial markets and forced…
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The emerging solidarity economy: A primer on community ownership of real estate
About the Authors Tracy Hadden Loh Fellow – Metropolitan Policy Program, Anne T. and Robert M. Bass Center for Transformative…
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