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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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The Shanghai middle class: Embracing “cosmopolitanism with Chinese characteristics”?
There is no doubt that the Chinese middle class is a dominant political and economic force that will have a…
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Binance rolls back European derivatives business
Binance, the world’s largest cryptocurrency exchange, will cease offering futures and derivatives products to investors in some European countries amid…
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Canada’s economy set to grow in second quarter, GDP data show
Breadcrumb Trail Links News Economy June makes up for lockdown declines in April and May Author of the article: Bianca…
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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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Investors call for vote on companies’ climate change plans
A group of more than 50 asset managers is calling for companies to disclose details of their progress on tackling…
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BNP Paribas equities trading revenues double as push continues
BNP Paribas’ ongoing push into equities trading led to a record quarter for the unit, but its investment bank revenues still…
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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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U.S. GDP rose 6.5% last quarter, well below expectations
The U.S. economy rose at a disappointing rate in the second quarter, the Commerce Department reported Thursday in a sign…
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Barclays unveils new M&A leaders in Europe as shake-up continues
Barclays named new leaders of its European mergers and acquisitions team in Europe, the latest shake-up at the UK lender’s…
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Supporting distressed communities by strengthening regional public universities: A federal policy proposal
Contents Forecasters predict the economy will grow significantly in the latter half of 2021 as the U.S. continues its recovery…
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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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Q&A: Inside EToro’s Spac plans
The Spac boom might be fading away, but trading platform EToro has high hopes that going public through a blank-cheque…
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Ex-Lanistar staff allege bullying, sexism, and a ‘loser’s table’ for missing targets
Staff at celebrity-promoted fintech startup Lanistar were routinely sexually harassed and bullied over the past year, according to the accounts…
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Hire ‘poor, hungry kids’ instead of ‘entitled’ grads to solve banker talent crisis, Xavier Rolet says
Investment banks should hire “poor, hungry” graduates if they want to stave off a crisis among junior bankers, which are rebelling…
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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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The inclusive economic impacts of downtown public space investments
Editor’s note: This brief is part of a three-part series which examines the economic, social, and civic impacts of public…
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Evercore hikes pay by 33% amid record M&A boom
Boutique investment bank Evercore has posted record revenues for the second quarter as the industry’s $60bn fee haul during the…
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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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Revealed: The best-performing ESG funds you’ve never heard of
Asset managers are scrambling to launch funds to tap into growing investor demand for sustainable investments. At the same time,…
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Utah Farm Draws a Rare Breed: The American Shepherd
DIXIE NATIONAL FOREST, Utah — “The object is to keep ’em grazing,” Scott Stubbs said as he looked over the…
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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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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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Central bankers need to be put in their place as their sphere of influence grows
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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SFO’s boss in spotlight as fraud hunters ask: ‘When are they going to do something?’
Some in the City are wondering how sharp the SFO’s teeth are anymore as the UK agency tasked with investigating…
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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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Can Spacs conquer the world of wealth management?
While the boom in special purpose acquisition companies may well be tailing off slightly, market watchers are still waiting for…
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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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The FCA planned to double its Scottish workforce by now. Here’s why it missed its target
Headcount in the Financial Conduct Authority’s Scottish office jumped by only 18% in the two years after the watchdog’s 2019…
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Greensill had ‘extraordinarily privileged’ relationship with government, review finds
A review into Greensill Capital’s lobbying of politicians has found that former Morgan Stanley banker Lex Greensill “had a privileged –…
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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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Martin Gilbert-backed AssetCo takes stake in thematic ETF firm
The deals company set up by former Standard Life Aberdeen co-chief executive Martin Gilbert has acquired a 63% stake in…
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Will the City return to normal? Natwest’s chairman doesn’t think so
The days of thousands of staffers piling into City offices are well behind us as a result of the pandemic,…
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UBS hikes junior banker salaries as banks battle for talent
UBS has increased salaries for its juniors, weeks after a special bonus for its younger bankers and following a bumper…
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Housing, alcohol and weed: Canadians’ pandemic spending habits are changing how inflation is measured
Breadcrumb Trail Links News Economy Overhaul could bolster confidence in a number some say has little relationship with everyday life…
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View: How lockdown proved the M&A defeatists wrong
“Everything ground to a halt, full stop,” recalls an M&A adviser as the pandemic struck. When global lockdowns came into effect…
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JPMorgan boss Jamie Dimon pockets fresh retention bonus
JPMorgan Chase’s board gave Jamie Dimon new stock options as a retention bonus, signaling that the largest US bank wants…
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UBS targets women-only hedge funds with new portfolio launch
The world of hedge funds is one that is well-known to be male dominated. Now, UBS is looking to spot…
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Deutsche Bank matches junior banker bidding war with $100,000 offer
Deutsche Bank has bolstered pay for its junior bankers, the latest large investment bank to increase salaries amid a battle…
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It’s official: The Covid recession lasted just two months, the shortest in U.S. history
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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Apollo’s billionaire co-founder Leon Black comments on allegations of abuse
Leon Black, the billionaire co-founder of Apollo Global Management, submitted a detailed response on 19 July to a lawsuit that accused…
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Officially, the pandemic recession lasted only two months.
The pandemic recession is officially over. In fact, it has been over for more than a year. The National Bureau…
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FCA slams ESG fund applications for claims ‘that do not bear scrutiny’
The UK financial watchdog has written asset managers criticising them over the “poor quality” of applications they are submitting to launch sustainable…
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Here’s why governments want crypto experts
Monetary authorities around the world are rushing to design digital currencies, and many are asking: Who knows how to do…
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Postmortem: Macklem’s new dashboard
Breadcrumb Trail Links News Economy Financial Post columnist Kevin Carmichael, editor of the FP Economy newsletter, unpacks the week in…
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The Euro 2020 final moved stock prices because sport makes us irrational investors
The Italian stock market rose last Monday while the UK stock market fell. Italy’s FTSE MIB index rose 0.92% on the day, while the…
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UK health secretary Sajid Javid tests positive for Covid
The UK’s new health secretary Sajid Javid has tested positive for the Covid-19 virus. In a statement posted on social network…
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Former Deloitte boss set to chair Starling Bank
Former Deloitte UK chief executive David Sproul is set to become the new chairman of challenger bank Starling. Sproul, who…
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View: Why Google needs to step up to stop investment scams
Where do you find your investments? Chances are that, if you’re reading this, you’re a professional and don’t need to…
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