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Eviction Freeze Set to Lapse as Biden Housing Aid Effort Falters
The lapse of the federal freeze is offset by other pro-tenant initiatives that are still in place. Many states and…
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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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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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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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‘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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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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Tiff Macklem: The Bank of Canada remains firmly committed to keeping inflation under control
Breadcrumb Trail Links News Economy Rising prices due to pandemic gyrations unlikely to persist Author of the article: Tiff Macklem,…
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View: Why quashing Tom Hayes’ Libor conviction could spell a new era for the City
Tom Hayes stands within a whisker of rewriting his role in one of the biggest scandals to grip financial markets…
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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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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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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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Video: I.M.F. Sticks With 6 Percent Global Growth Forecast
new video loaded: I.M.F. Sticks With 6 Percent Global Growth Forecast transcript Back transcript I.M.F. Sticks With 6 Percent Global…
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The Fed could sound more worried about the virus and less ready to tighten policy
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on…
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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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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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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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Inflation Has Arrived, but Washington Isn’t Racing to Limit Price Pops
Prices have risen by more than Fed officials expected, based on both their public statements and their economic projections from…
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Criminal Commission to consider report claiming Libor rigger Tom Hayes was innocent
The Criminal Cases Review Commission has confirmed it is considering an academic research that claims convicted Libor rigger Tom Hayes was wrongfully…
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JPMorgan names UBS’s Novak as head of shareholder engagement in Europe
JPMorgan has hired a senior dealmaker to lead its activism defence team in Europe, poaching from UBS for the role.…
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Return to Office Hits a Snag: Young Resisters
David Gross, an executive at a New York-based advertising agency, convened the troops over Zoom this month to deliver a…
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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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$30bn merger between Aon and Willis Towers Watson axed
Aon and Willis Towers Watson said they have agreed to terminate their roughly $30bn deal and end litigation with the Justice Department, which alleged…
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Don’t let the two-dose summer fool you — there is a long battle ahead against COVID-19
Breadcrumb Trail Links News Economy Kevin Carmichael: We can’t ignore the reality that COVID has refused to let go of…
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Credit Suisse settles spying case with former executive Iqbal Khan
Credit Suisse has reached a settlement with former international wealth management head Iqbal Khan and private investigators over a spying…
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U.S. inflation just topped 5 per cent. Is Canadian inflation next?
Breadcrumb Trail Links News Economy Prices have steadily climbed since the start of the year and the Bank of Canada…
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Bitcoin bounces above $39,000 as Binance limits crypto leverage
Bitcoin briefly rose above the $39,000 threshold after six consecutive days of positive trading, rebounding after a run of price falls…
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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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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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80-hour weeks are a must to rise in banking, JPMorgan exec says
Wall Street’s reputation for burning out junior staff with 80-hour-plus weeks is worth it so that bankers can master the profession sooner…
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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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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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UBS dealmakers’ fees surge by 70% as trading boom ebbs
UBS’s investment bank brought in fees nearly 70% ahead of last year during the second quarter, due to a surge…
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Nomura hikes junior pay to $100,000 as talent war heats up
Nomura bolstered entry-level investment banker salaries to $100,000, mirroring moves by Wall Street banks in recent weeks as the battle…
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Low-Wage Workers Now Have Options, Which Could Mean a Raise
McDonald’s is raising wages at its company-owned restaurants. It is also helping its franchisees hang on to workers with funding…
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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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Barclays unveils raft of changes to top of investment bank
Barclays promoted a raft of senior dealmakers and named new co-heads of its investment banking to lead the unit during…
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Jobless claims hit new pandemic low, while New York manufacturing notches record high
Initial claims for unemployment insurance fell to a new pandemic-era low last week, the Labor Department reported Thursday. First-time filings…
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JPMorgan hires UBS’s Böttcher into European vice chair role
JPMorgan hired a senior UBS dealmaker to become vice chair of its investment banking unit in Europe. Reinout Böttcher, who was…
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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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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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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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Wall Street bankers shine again as record fees offset trading slump
Wall Street banks have benefited from a boom in dealmaking, hauling in record fees in the second quarter as the…
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As Lebanon Collapses, the Man With an Iron Grip on Its Finances Faces Questions
The coronavirus pandemic and a huge explosion in the port of Beirut last August further devastated the economy. Estimates put…
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As New York Reopens, It Looks for Culture to Lead the Way
Broadway is planning to start performances of at least three dozen shows before the end of the year, but producers…
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Binance targeted by Italian regulator as global crypto scrutiny heats up
Italian banking regulator Consob has warned consumers that Binance is not authorised to conduct regulated investment services and activities in…
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Crypto and FX firm LMAX valued at $1bn after JC Flowers stake
Cryptocurrency and FX exchange LMAX Group has received a valuation of $1bn, after selling a 30% stake in the company…
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HSBC to reopen all offices in England from 19 July as banks ramp up return
HSBC is reopening all of its offices in England from 19 July, with City banks look to ramp up employee…
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GameStop, AMC: Have the meme stocks had their day?
AMC Entertainment Holdings and GameStop swung wildly on 15 July, extending a bout of volatility that has delivered deep cuts…
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Building Solar Farms May Not Build the Middle Class
‘Like a Moving Assembly Line’ On an afternoon in mid-May, several laborers coming off their shift at Assembly Solar said…
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