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As the U.S. economy restarts from the pandemic, parts of it are severely broken
A worker operates a forklift to move bundles of Hampton lumber for a shipment order at Burton Lumber in Salt…
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Jamie Dimon’s Zoom fatigue is a sign home-working backlash is coming
Jamie Dimon has had enough of Zoom, and he’s not the only one. The JPMorgan boss said he’s keen to…
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Just 3% of asset manager CEOs are female – report
Among the world’s 50 biggest asset managers, just 3% of chief executive officers are women, a report by recruitment firm Heidrick…
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Elon Musk is thinking of taking dogecoin as payment for Tesla cars
Eccentric billionaire Elon Musk is considering accepting dogecoin as payment for products at electric car firm Tesla, months after introducing…
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Goldman juniors’ 100-hour weeks and the plight of young bankers — Here’s what you need to know
It all started with an explosive leaked survey from 13 Goldman Sachs analysts, whose complaints of shocking workloads and brutal…
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Infrastructure plan should cost up to $800 billion, McConnell says ahead of Biden meeting
Senate Minority Leader Mitch McConnell speaks to reporters after the Senate Republican lunch on Capitol Hill in Washington, March 23,…
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‘Stars aligning’ for boom in law firm IPOs in white hot London market
Deliveroo’s flopped IPO and concerns about restrictive listing rules in London have led to fears that the City could be…
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The Biden administration will begin disbursing $350 billion in state and local aid this month.
The Biden administration will begin deploying $350 billion in aid to state and local governments this month, a significant step…
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UK lockdown roadmap: Green light for Step 3 — here’s what’s next
The government has confirmed that the UK will move on to the next stage of its economic reopening. Under Step…
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Government sells down another 5% of NatWest stake
The Treasury is selling down another 5% of its stake in NatWest Group. The bank remains majority state-owned, but the…
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Activist Bramson sells entire 6% stake in Barclays
Activist investor Sherborne Investors has sold its entire stake in Barclays, ending a three-year battle with the UK lender’s chief…
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Here are the odds on dogecoin hitting $5, despite Elon Musk’s ‘hustle’ remark
The likelihood of dogecoin surpassing $5 in value by the end of this year is increasing, jumping week-on-week despite a…
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Goldman Sachs: Buy the return-to-office boom
Investors should keep their eyes on office developers as staff begin returning to the workplace, Goldman Sachs has said. The return to…
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Housing mania requires tough decisions, something the government can’t be trusted to make
Breadcrumb Trail Links Economy Kevin Carmichael: Trudeau and Freeland had the chance to finally overhaul a deeply flawed housing policy.…
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If you ‘sell in May’, stick around for the summer
Should you dump all your stock market funds on the first of May, go away, and come back again for…
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KPMG sued for more than £6m by property company
KPMG has reportedly been sued for more than £6m by property company Mount Anvil, which said it was hit with…
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UK adds 12 countries to travel ‘green list’ from 17 May
UK residents will be able to visit 12 countries or territories from 17 May without having to quarantine on return,…
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Seeing the Real Faces of Silicon Valley
By Mary Beth Meehan and Fred Turner Mary Beth Meehan is an independent photographer and writer. Fred Turner is a…
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London mayoral election: What are the candidates’ plans for the City?
Londoners will soon be heading to the polls to decide who their next mayor will be. The pandemic has been…
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Trading places: Hires for Bank of America, Allen & Overy and Cboe Europe
Bank of America hired a senior dealmaker from Citigroup in Paris as it continues to build up its presence in…
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U.S. Chamber of Commerce blames weak jobs report on enhanced unemployment benefit, kicks off lobbying effort
A help wanted sign is posted at a taco stand in Solana Beach, California. Mike Blake | Reuters The largest…
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Winklevoss, Musk, Cuban: Here’s who’s backing dogecoin
Dogecoin is everywhere, dogecoin is life. Or at least, that’s what some of its biggest supporters think. The cryptocurrency, first…
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April’s expected hiring boom goes bust as nonfarm payroll gain falls well short of estimates
Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the…
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Tech giants shift to hybrid working as Coinbase ditches Silicon Valley base
Tech companies are moving towards a hybrid working strategy, phasing in plans for remote working as some opt to ditch…
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Jobs report for April is expected to show another big gain.
Economists are expecting another big monthly jump in hiring when the Labor Department releases its April jobs report Friday morning.…
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Health Advocate or Big Brother? Companies Weigh Requiring Vaccines.
As American companies prepare to bring large numbers of workers back to the office in the coming months, executives are…
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JPMorgan just promoted 52 to MD in Europe — Here are the names
JPMorgan has promoted 52 people to managing director within its corporate and investment bank in Europe, the Middle East and…
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Jamie Dimon is about to cancel all his Zoom meetings
The chief executive of JPMorgan is “done” with Zoom meetings and full-time working remotely. “I’m about to cancel all my…
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HSBC investment bank boss on Asia push: ‘We’re not deprioritising the UK’
HSBC’s major shift towards Asia will not mean scaling back in the UK, according to the co-head of its global banking…
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Here’s where the UK’s green-list holiday destinations could be this summer
The government is set to unveil a list of countries approved for travel, following the launch of its traffic-light system…
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SkipTheConsultations: Promising financial upstarts face headwinds amid regulatory uncertainty in Canada
Breadcrumb Trail Links News FP Finance Fintech Economy SkiptheDishes and Neo Financial founder seeing firsthand how government can create hurdles…
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Telegraph owner Sir Frederick Barclay ordered to pay £100m in divorce proceedings
Sir Frederick Barclay has been ordered to pay his wife Lady Hiroko Barclay a total of £100m as part of divorce proceedings, newly…
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Fans of the beautiful game kicked capitalism into the long grass
Europe has discovered its moral Rubicon, the frontier beyond which commodification becomes intolerable. The line in the sand that Europeans…
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Ken Moelis sees banker travel slashed by two-thirds even amid ‘busiest time I’ve ever seen’
Veteran dealmaker Ken Moelis said that investment bankers could spend half the amount of time travelling in the wake of…
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Lazard CEO eyes banker recruits as dealflow surges — ‘2022 will be even better’
Independent investment bank Lazard is ramping up recruitment for both senior dealmakers and junior bankers as activity has surged to…
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Forget NFTs. What about the HTF (Hard to Find)?
The definition of a luxury problem, according to Olivia Kraus, a lawyer in Mount Vernon, N.Y., is the inability to…
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BNP Paribas names Sandro Pierri as asset management CEO
BNP Paribas has named Sandro Pierri as chief executive of its fund management business. Pierri, currently deputy CEO of BNP…
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Fintech startup Lanistar obtains FCA approval
Lanistar, the fintech startup which last year landed itself in hot water with several regulators, has received approval from the…
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Credit Suisse banker demoted over Greensill shows off seven-bedroom Provence farmhouse
Eric Varvel, the Credit Suisse asset management head demoted after the Greensill Capital collapse, is marketing his expensively renovated seven-bed…
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Barclays to ramp up Canary Wharf and New York office numbers from June
Barclays will start ramping up employee numbers in Canary Wharf and New York from June, with the bank’s chief executive…
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Fed’s Barkin sees higher inflation this year, but then a reversal in 2022
Richmond Federal Reserve President Thomas Barkin told CNBC on Monday that he sees inflation pressures building this year that he…
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Warren Buffett says Berkshire Hathaway is seeing ‘very substantial inflation’ and raising prices
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Warren Buffett…
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New threats to an old problem: The pandemic has made ‘brain drain’ even worse
Breadcrumb Trail Links News Economy With physical borders closed and virtual ones open, highly skilled tech workers getting poached by…
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Business conferences could return without social distancing this summer
Large events such as business conferences could return safely this summer without the need for enforced social distancing, a report…
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Deutsche’s staff will have to agree detail of hybrid working with managers
German lender Deutsche Bank is planning to roll out a hybrid working system for its employees post-pandemic but the details…
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Barclays profits surge on record investment bank fees, slump in bad loans
Strong performance at Barclays’ investment bank and a slump in money put aside for bad loans bolstered first quarter profits…
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Credit Suisse risk committee head Gottschling steps down amid Greensill, Archegos crises
The head of Credit Suisse’s risk committee has stepped down ahead of its annual general meeting, staving off a potential…
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‘A Perfect Positive Storm’: Bonkers Dollars for Big Tech
In the Great Recession more than a decade ago, big tech companies hit a rough patch just like everyone else.…
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A ‘weird’ pandemic problem: Shortage of skilled workers
Breadcrumb Trail Links News FP Work Entrepreneur Economy Dan Kelly, head of the CFIB, on how small business is holding…
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How Black-owned businesses can make the most out of the Biden infrastructure plan
Alongside much-needed investments in the nation’s roads, bridges, and water systems, President Joe Biden’s $2 trillion infrastructure proposal, the American…
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