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Goldman Sachs reports fewer Black leaders in US offices
The number of senior Black employees at Goldman Sachs in the US shrunk last year, as large investment banks face challenges to…
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Why are investors so jittery about streaming?
Therese Poletti writes the Tech Tales column for MarketWatch. Jeremy Owens is MarketWatch’s technology editor and San Francisco bureau chief…
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Home building picks up in April except in Toronto
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
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Asset managers with £6.5tn sign up to tackle diversity greenwashing
Schroders, Legal & General Investment Management and Aviva Investors are among 15 asset managers that have signed up to a…
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Yellen Looks to Get Global Tax Deal Back on Track During Europe Trip
Poland’s stance was sharply criticized by European officials, particularly France, whose finance minister, Bruno Le Maire, suggested that Warsaw was…
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KPMG and former staff face ‘serious regulatory sanctions’ over misleading Carillion probe
KPMG and multiple former staff members are facing “serious regulatory sanctions” over their engagement in a conspiracy to mislead inspectors…
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How a stablecoin crash shook the crypto market
The cryptocurrency TerraUSD had one job: Maintain its value at $1 per coin. Since it launched in 2020, it had…
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Robinhood stake acquired by FTX founder Sam Bankman-Fried
One of the biggest names in cryptocurrencies is betting on individual investors. Sam Bankman-Fried, the 30-year-old billionaire who founded the cryptocurrency exchange…
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What you need to know about Pierre Poilievre’s threat to fire Tiff Macklem
Breadcrumb Trail Links News FP Economy The frontrunner to lead the Tory party is going after the head of the…
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Regulators are investigating Elon Musk’s late disclosure of his Twitter stake
WASHINGTON — Federal regulators are investigating Elon Musk’s late disclosure last month of his sizeable stake in Twitter, according to…
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Bitcoin tumble continues amid TerraUSD fall
The price of bitcoin was under pressure again on 12 May, with even bigger losses among smaller cryptocurrencies, as the…
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Citigroup names Tom Anderson as chief compliance officer
Citigroup has named Tom Anderson as its new chief compliance officer. Anderson, who currently serves as compliance chief of Citi’s…
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Coinbase warns crypto users may not be protected in the event of bankruptcy
Cryptocurrency trading platforms might look and feel like regular brokerage apps to everyday users, but regulators have long warned they…
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Florida’s anti-Disney law is poised to hurt surrounding communities
Last month, Florida’s governor and state legislature rescinded Disney’s self-governing authority after the company criticized a law widely seen as…
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Unite’s application for recognition by FCA rejected by arbitration watchdog
The Central Arbitration Committee has dealt a blow to Unite, the union that applied for legal recognition as the formal…
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Algorithmic stablecoin TerraUSD plunges as spooked investors step back
A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated 11 May, sending its price to…
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Elon Musk says he would remove Twitter’s ban on Donald Trump
Elon Musk said he would reverse Twitter ban on former President Donald Trump. “I do think that it was not…
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Markets are suffering big losses — here’s why the recovery could take a while
Mark Hulbert is a regular contributor to MarketWatch. His Hulbert Ratings tracks investment newsletters that pay a flat fee to…
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Weekly mortgage demand rose for the first time since early March last week, but it won’t last
Real estate listings Adam Jeffery | CNBC A brief calm in the midst of a rising interest rate storm boosted…
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Regulators propose first major revamp to fair housing rules since 1995
Lumber at the site of a house under construction in the Cielo at Sand Creek by Century Communities housing development…
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Eurazeo CEO Virginie Morgon on why she’s pulling ‘all the levers’ on ESG
From the top floor of private equity firm Eurazeo’s headquarters, discreetly tucked away in the chic 17th arrondissement in the…
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FCA strike sees staff picket Stratford HQ: ‘Hey, hey, FCA much more work and much less pay’
Around 40 staff picketed the Financial Conduct Authority’s headquarters in Stratford this morning as employees began the first industrial action…
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Crypto’s just had a rough weekend — here’s what happened
The cryptocurrency market fell over the weekend, mirroring the slide of the broader stock market. The world’s largest cryptocurrency, bitcoin,…
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What’s Your Rate of Inflation?
Inflation is at the highest level in four decades. But how you experience it can vary greatly depending on what…
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Trading Places: JPMorgan poaches Aviva’s Singh, FCA hires ex-Goldman MD, BofA nabs Ansorg
Big hires continued apace this week, starting with Jefferies, which hiredMorgan Stanley dealmaker Richard Gostling to head up its coverage of…
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Apollo pushes into funds for wealthy investors
Apollo Global Management said it will release a slate of funds designed for individual investors, making it the latest alternative-asset…
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Numis plans more banker hires equity fundraising slumps by 61%
City investment bank Numis is set to hire more investment bankers as it expands away from its traditional role on…
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Here’s why Elizabeth Warren is concerned over Fidelity’s bitcoin pension plan
Senator Elizabeth Warren voiced concerns about Fidelity Investments’ plan to include bitcoin in customers’ 401(k) accounts, calling it “a risky…
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Why investors need legal certainty before they pile into NFTs
Bourn Collier is a director at consultancy Truva Corp Anyone else get the feeling that the Treasury requesting the Royal…
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Ex-Jupiter board member slams management in scathing open letter
A former board member of FTSE 250 listed asset manager Jupiter wrote a scathing letter to its current chair claiming…
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Binance chooses Paris as its European trading hub
Binance, the world’s largest crypto exchange, is planting a foot in Paris as it seeks to establish itself as a…
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Kenneth Rogoff: The odds of a global recession are rising by the day
Kenneth Rogoff, professor of economics and public policy at Harvard University and recipient of the 2011 Deutsche Bank Prize in…
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Ark’s Cathie Wood to crypto faithful: Keep slamming bitcoin ‘if you want the US to lose’
The Ark Innovation fund’s Cathie Wood roused crypto bulls at the Bitcoin 2022 conference in Miami by touting bitcoin as…
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An Audience with Standard Chartered’s Tracey McDermott: Why a global ESG standard won’t work for banks
Tracey McDermott wants to help solve the climate crisis. For a time, she was in charge of the Financial Conduct…
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PwC staff to clock off at lunchtime on Fridays this summer
PwC staff are set for lunchtime finishes on Fridays during summer 2022, after a trial of the policy last year…
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JPMorgan just promoted 45 dealmakers to MD — here are the names
JPMorgan has promoted 10 dealmakers in the City to the coveted rank of managing director, part of its annual round…
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Bank of Canada’s Carolyn Rogers seeks to shore up central bank’s credibility amid political attacks
Breadcrumb Trail Links News FP Economy Its reputation under pressure as politicians such as Pierre Poilievre question independence, commitment to…
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CBDCs shouldn’t be the only form of money, central bankers say
As central bankers in advanced economies consider launching their own digital currencies, top officials have warned that CBDCs should not replace existing payments…
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Coachella for Capitalists: Why bitcoin topped the bill at Berkshire Hathaway’s AGM
It’s been called the Woodstock of Capitalism, Coachella for Capitalists, and a whole lot worse too. What’s for certain is that Berkshire…
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Citi probes how sell orders triggered ‘flash crash’ among European markets
Several European stock markets suffered a “flash crash” on Monday morning, 2 May, following sell orders by Citigroup, according to people…
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Why Warren Buffett says markets are a ‘gambling parlour’
OMAHA, Nebraska — As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying.…
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Financial system can ‘absorb’ shock of higher interest rates, Canada’s banking regulator says
Breadcrumb Trail Links News FP Finance FP Economy Banking Kevin Carmichael: Months ahead will test our bullet-proof banks reputation when…
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The Fed’s favorite inflation gauge rose 5.2% in March as worker pay fell further behind
Canned goods are displayed at a Safeway store on April 11, 2022 in San Anselmo, California. Justin Sullivan | Getty…
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Surging prices force consumers to ask: Can I live without it?
A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla…
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Barclays’ bond trading revenue surges 40% despite ‘entirely avoidable’ £500m blunder
Barclays’ fixed-income trading unit surged by nearly 40% in the first quarter, the biggest increase of any of its rivals,…
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Goldman Sachs partner Clare Scherrer takes CFO role at FTSE 100 firm Smiths Group
A top Goldman Sachs dealmaker who left the bank in March has re-emerged as chief financial officer of FTSE 100…
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The Fed’s favorite inflation index is still rising fast, but shows some hints of slowing.
The price index that the Federal Reserve watches most closely climbed 6.6 percent in the year through March, the fastest…
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Trading Places: Barclays’ ECM head leaves, Credit Suisse’s shake-up
The banking hires came thick and fast this week alongside earnings reports. Barclays’ head of equity capital markets for Europe…
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Carlyle grows assets but misses earnings forecast
Carlyle’s assets under management rose to $325bn by the end of March, but the firm reported weaker-than-expected results for the…
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Why did Elon Musk mock Twitter’s top legal boss with a meme?
Elon Musk, whose takeover bid for Twitter was accepted two days ago, continued to use the site to criticize executives…
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