breaking financial news
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Here’s where the jobs are for November 2022 — in one chart
The U.S. job market beat expectations again in November, adding 263,000 payrolls led by the service sector. Leisure and hospitality…
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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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Ex-Goldman Sachs MD Adam Iqbal joins Capstone as portfolio manager
Hedge fund Capstone Investment Advisors has hired Goldman Sachs managing director Adam Iqbal to strengthen its portfolio management team. Iqbal,…
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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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Canadians hold back spending on Black Friday, Cyber Monday deals as sales drop
Breadcrumb Trail Links Retail & Marketing News Economy Online sales were down eight per cent year over year to $280.8…
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Why overstaffed teams and bad attitudes mean junior banker jobs are under threat
At the height of the 2008 financial crisis when banks fired tens of thousands of staff, junior bankers who were…
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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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BNP Paribas eyes move into private credit as leveraged lending dries up
BNP Paribas is eyeing a move into private credit, which could provide an alternative source of funding for major M&A deals as traditional…
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FP Answers: Why is the Bank of Canada losing money and does it matter?
This section is Sponsored This section was created by Content Works, Postmedia’s commercial content studio. by RBC Breadcrumb Trail Links…
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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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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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Deutsche Bank CEO calls on regulators to loosen rules that ‘structurally disadvantage’ European banks
Deutsche Bank chief executive Christian Sewing has called on politicians and regulators to overhaul rules that “structurally disadvantage” European banks against…
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UK fund manager profit squeeze set to shrink bonuses by 20%
Some of the UK and Europe’s largest fund management houses have seen assets under management shrink this year as volatile…
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FTX flopped simply because it veered from decentralised finance
Jurica Dujmovic is a columnist for MarketWatch. He is a business publisher, consultant, designer and gamer The past few weeks have been…
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Sean Fraser: ‘Unacceptable’ that immigrant surgeons are working as taxi drivers
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
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‘It’s risky business’: Binance’s $1bn crypto industry recovery fund prompts antitrust concerns
Binance risks getting on the wrong side of global competition watchdogs with its new $1bn industry recovery fund, a crypto…
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Canada to explore a free-trade agreement with Ecuador, in fresh run at lessening reliance on U.S., China
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
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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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How Stephen Poloz thinks Canada can solve labour shortages and its lagging loonie
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
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Credit Suisse warns of $1.6bn hit in fourth quarter as concerned clients pull investments
Credit Suisse warned it would lose around $1.6bn in the fourth quarter after customers pulled their investments and deposits over…
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Pensions for Purpose’s Charlotte O’Leary: Can white, male, over-50 trustees represent a fund’s youngest members?
Charlotte O’Leary was fed up — she’d spent over a decade at large asset management firms and investment consultants. She was…
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FTX debuts biggest crypto bankruptcy in court — what to expect
FTX is expected to make its debut appearance on 22 November in Delaware bankruptcy court, where its new management is…
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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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The age of the toxic boss is over: Workers aren’t willing to suffer for a paycheque anymore
Breadcrumb Trail Links Work News Economy Victoria Wells: Mass resignations at Twitter prove bosses shouldn’t underestimate the power of the…
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ESG indices jump 50% but new investors are still unsure
ESG futures indices are booming, but many new investors are still not confident enough to back them. CME Group’s global head…
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Bain Capital snares Ropes & Gray London boss for top European legal role
Private equity firm Bain Capital has hired US law firm Ropes & Gray’s London boss for a senior role in…
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ESG firm raises eyebrows for ranking collapsed crypto giant FTX higher on governance than Exxon Mobil
AI-driven ESG ratings firm Truvalue Labs has defended its methodology after awarding collapsed crypto giant FTX a higher score for…
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Transforming coal country in Shamokin, Pennsylvania
Transforming coal country in Shamokin, Pennsylvania Skip to main content Shamokin, Pennsylvania, is a blighted coal town on its way…
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Abrdn, Amundi, Aviva Investors: FTX collapse a ‘major setback’ for crypto uptake
Heavyweight fund groups including Abrdn and Aviva Investors said other big name investors that have steered clear of cryptocurrencies will be extra…
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Convicted Libor rigger Tom Hayes fights to clear his name again
Convicted Libor rigger Tom Hayes plans to submit a fresh appeal to overturn his UK conviction after a US court…
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FTX’s 50 largest creditors owed $3.1bn
FTX owes its 50 largest creditors about $3.1bn, the failed cryptocurrency exchange said in a bankruptcy court filing on 19…
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Autumn Statement: Rachel Reeves slams government for protecting banker and private equity bonuses
Shadow chancellor Rachel Reeves has hit out at chancellor Jeremy Hunt for protecting the bonuses of bankers and private equity…
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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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The Fintech Files: Crypto funds dumped Ethereum after the Merge – here’s why
The Ethereum Merge might be complete, but it’s not caused investors to pile into the asset as much as some…
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Why BNY Mellon is piling into crypto
Bank of New York Mellon is now open for crypto business. The nation’s oldest bank said on 11 October it…
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Credit Suisse plans to cut 450 frontline jobs at its European investment bank
Credit Suisse’s European operations are set to bear the brunt of front-office job cuts as the Swiss bank prepares to cut around…
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Brexit did hurt the City’s exports – the numbers don’t lie
David Wighton is a columnist for Financial News Part of the reason that arguments about the economic impact of Brexit…
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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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Evercore hires Lazard’s Richard Hoyle in UK expansion
Boutique investment bank Evercore has bolstered its London operation by hiring a senior dealmaker from rival Lazard. Richard Hoyle is…
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Ex-Brevan Howard portfolio manager Luke Sadrian joins Rokos as partner
Rokos Capital Management hired former Brevan Howard portfolio manager Luke Sadrian as an investment officer and partner as part of a commodities…
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British spy boss says Beijing’s moves to control tech, digital currency and markets threatens global security
Beijing’s efforts to exert control over technology both internationally and within China’s borders threaten future global security and freedom, the…
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Autumn Statement: What to expect from the chancellor
The new chancellor of the exchequer Jeremy Hunt will address UK parliament on 17 November with an Autumn Budget announcement…
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BoE ‘will need to extend’ gilt support, says ex-pensions minister
Former Conservative pensions minister Baroness Ros Altmann says it is “highly likely” the Bank of England will need to continue…
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William Blair bolsters technology team with Raymond James hire
Mid-market investment bank William Blair has added a senior technology dealmaker in London as it continues to bolster its European business. Dominic…
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Distributed ledger technology may mean ‘elimination of clearing is clearly possible’
Jos Dijsselhof, chief executive of SIX Group, said exchanges could potentially ditch existing infrastructure and rely solely on distributed ledger…
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Redington’s Dawid Konotey-Ahulu: ‘People took a chance on me when I wasn’t the obvious choice’
Dawid Konotey-Ahulu co-founded investment consultancy Redington in 2006, having left Merrill Lynch where he was part of a team that implemented the first…
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Deloitte buys tech firm Reformis to boost investment management consultancy arm
Big Four accountancy firm Deloitte has agreed to buy technology business Reformis to strengthen its investment management consultancy arm. Reformis’s…
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Bridgewater’s former executive Bob Elliott launches new hedge fund ETF
Bob Elliott, a former member of Bridgewater Associates’ investment committee, has launched Unlimited, a new investment firm, along with Unlimited…
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Binance chief Changpeng Zhao makes efforts to restore chaotic crypto amid FTX disaster
Changpeng Zhao, founder of dominant crypto platform Binance, has made a series of proposals in recent days, seeking to restore…
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BoE’s Andrew Bailey was playing a high-stakes game over gilts support for pension funds
Nobody comes out of the pension fund and gilt market crisis looking good. In the middle of the firing line…
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