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Government hits back at ‘race to the bottom’ claims as battle over future of City rules rages on
Chief secretary to the Treasury John Glen has hit back at critics of the government’s ‘Big Bang 2.0’ plans for…
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‘It was savage’: Kraken’s crypto staff slam ‘cold’ redundancies
Staff laid off by crypto giant Kraken say they only learned of their redundancies when they were locked out of…
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Developing a resilient downtown in Globe, Arizona
Developing a resilient downtown in Globe, Arizona Skip to main content In this episode of “Reimagine Rural,” Tony Pipa speaks…
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Record employment rate for women shows Trudeau’s subsidized daycare plan is working
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Former Barclays boss Bob Diamond ends Spac tie-up with crypto firm Circle
A blank cheque company headed by former Barclays boss, Bob Diamond, has called off its planned merger with crypto firm…
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Activist who called for Credit Suisse break-up says latest overhaul isn’t enough
An activist investor who called for Credit Suisse’s break-up five years ago said that the Swiss bank’s new overhaul “barely scratches…
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Canada’s job market flat, but pay gains continue to put pressure on inflation
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Kevin Carmichael: Canada has a shiny new Asia-Pacific strategy, but it’s not a Pacific nation — yet
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Payrolls and wages blow past expectations, flying in the face of Fed rate hikes
An employee works at the BMW manufacturing plant in Greer, South Carolina, October 19, 2022. Bob Strong | Reuters Job…
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Blackstone stops redemptions from real estate fund as stock slides
Blackstone shares took a big hit after the investing giant’s real-estate fund aimed at wealthy individuals said it would limit redemptions.…
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Why Africa matters to the United States: Top 5 reasons
Earlier this year, President Biden announced that his administration would host the second-ever U.S.-Africa Leaders Summit, as a demonstration of…
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Credit Suisse’s comeback plan hasn’t won over investors yet
Credit Suisse $4.2bn share sale and sweeping restructuring were supposed to regain the market’s confidence. Instead, more investors are betting against the bank.…
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Blackstone sells stake in MGM Grand, Mandalay Bay as Las Vegas icons valued at $5.5bn
Blackstone has agreed to sell its 49.9% stake in two Las Vegas hotels in a deal that values the properties at…
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Job openings fall in October amid Fed efforts to cool labor market
Workers sort packages at a FedEx Express facility on Cyber Monday in Garden City, New York, on Monday, Nov. 28,…
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‘Grow up,’ ex-Celsius directors warn crypto as BlockFi joins bankruptcy club
Two former directors of the collapsed crypto lender Celsius Network have a warning for digital assets firms wishing to avoid…
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EY split offers chance to poach staff and clients, BDO UK boss says
EY’s looming split offers opportunities for rival firms to hire away staff and poach clients, the boss of accountancy firm BDO…
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Transitory inflation talk is back. But economists say higher prices are here to stay
Prices of fruit and vegetables are on display in a store in Brooklyn, New York City, March 29, 2022. Andrew…
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London Metal Exchange fights back against nickel lawsuits: ‘The market had become disorderly’
The London Metal Exchange has defended its decision to cancel billions of dollars worth of nickel trades earlier this year…
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BlackRock’s Europe boss: We’re exploring digital assets in Emea
BlackRock, the world’s largest asset manager, has started to assess how the plumbing underpinning the crypto market can be applied…
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Bridgepoint mulls $1bn deal for energy investment firm
Bridgepoint Group in London said it is evaluating a possible bid for Energy Capital Partners, commenting after a report that the…
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‘Frankly, I want to grow trade:’ Experts weigh in on Canada’s first Indo-Pacific strategy
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How Atlanta’s growing economy burned low-income renters and homebuyers
Metro Atlanta is on a hot streak. More than 6 million people now live in the region, according to recent…
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The Fintech Files: Fidelity cashes in on crypto mayhem, Cunliffe calls for regulation, FTX bankruptcy latest
The collapse of Sam Bankman-Fried’s FTX has shattered confidence in the crypto sector and, in some people’s eyes, presented it…
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What Carlyle founder David Rubenstein makes of the FTX crash
David Rubenstein co-founded The Carlyle Group in 1987, and it has since become a private equity behemoth with $369bn under…
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Alberta forecasts smaller surplus as Danielle Smith opts to spend some of the oil windfall
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HSBC poaches ex-FCA comms boss Tom Willetts for private banking role
Former Financial Conduct Authority communications director Tom Willetts is joining HSBC as global head of communications for private banking and…
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Canada to explore a free-trade agreement with Ecuador, in fresh run at lessening reliance on U.S., China
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Abrdn set for FTSE 100 return following share price rally
Abrdn, the Edinburgh-headquartered asset manager, is set to return to the UK’s premier listing of UK companies following a more…
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Litigation funder Harbour targets $400m war chest to invest in legal cases
Harbour Litigation Funding is gearing up to raise a new $400m fund to invest in legal cases. The litigation finance…
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How Stephen Poloz thinks Canada can solve labour shortages and its lagging loonie
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Vass Bednar: Digital ads are a desperate gamble in a fantasy economy
Breadcrumb Trail Links Retail & Marketing News Economy Digital advertising is about as useful as making medical decisions by shaking…
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The SEC rule that stands to cost FTX crypto customers billions
Hal Scott is an emeritus professor at Harvard Law School and director of the Committee on Capital Markets Regulation. John…
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Why central bank digital currencies will never solve our challenges
Barry Eichengreen, professor of economics at the University of California, Berkeley, is a former senior policy adviser at the International…
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Credit Suisse and Apollo strike deal for securitised products group
Credit Suisse Group has entered into definitive transaction agreements to sell a large part of its securitised-products group and other…
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Ex-Conservative Party treasurer Malik Karim on Truss’ tenure: ‘I’d be lying to you if I told you it wasn’t a challenge’
Navigating the uncertainty of Liz Truss’s tenure as prime minister was a “challenge” for former Conservative Party treasurer Malik Karim,…
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Convicted Libor rigger Tom Hayes files fresh submission to overturn prosecution
Convicted Libor rigger Tom Hayes has made a new submission for his case to be reviewed by a UK body…
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Why PE’s investor appetite is waning
Investor appetite for private equity is coming under strain. The latest Rede Liquidity Index score – a closely followed industry benchmark…
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A tsunami of negative indicators should have worried advisers years ago
Patrick Ghali is managing partner of hedge fund advisory Sussex Partners It is striking how investors reading research reports produced…
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Fund managers yank Ethereum holdings over regulatory jitters
Fund managers have been dumping digital currency ether from their holdings amid worries that heightened regulatory scrutiny may blunt the digital currency’s expansion.…
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Binance co-founder: UK is ‘most stressful’ country for crypto regulation
The co-founder of Binance says Britain is the “most stressful” country from the perspective of crypto regulation, as the exchange continues…
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Mohamed El-Erian warns UK to walk back budget or ‘unleash bond vigilantes’
The UK should wind back from its promises to cut tax, renowned economist Mohamed El-Erian has warned. Referring to another market…
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Black British Business Awards chair Sophie Chandauka: ‘The talent exists. Where are you looking?’
When Sophie Chandauka took to the stage last month and jived to the infectious beat of Ivory Coast band Magic…
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JPMorgan, Credit Suisse among banks falling short on net-zero targets, charity says
Heavyweights in the Net Zero Banking Alliance including JPMorgan and Credit Suisse have set inadequate decarbonisation targets to meet net…
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FTX liquidity crisis forces crypto hedge funds into rethink
Crypto hedge funds are changing how they work with exchanges around settlement and asset safeguarding, after a liquidity crunch pushed FTX to the…
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Ninety One sustainability boss: Divesting from oil and coal doesn’t work
Divesting from heavy polluting companies may look good on paper and appease ESG-diehards, but has minimal impact on reducing emissions and…
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White & Case settles with ex-partner over ‘toxic’ culture claim
US law firm White & Case has settled an employment tribunal claim from a former London partner who accused the…
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Xavier Rolet: Clearing is the ‘litmus test’ for London’s global crown
The former chief executive of the London Stock Exchange Group Xavier Rolet said London’s ability to hold on to clearing services…
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Dealmaking team steps down from KBW’s UK office
A team of six dealmakers at US-headquartered investment bank KBW have stepped down from its City office and will start…
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US law firm Boies Schiller plots London hires to meet ‘booming’ demand for litigation work
US law firm Boies Schiller Flexner is recruiting lawyers to staff the surging demand it is seeing for litigation work…
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Crypto lender Genesis stops withdrawals in wake of FTX failure
Cryptocurrency lender Genesis told clients that it is suspending redemptions and new loan originations following the collapse of crypto exchange FTX. The swift…
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