breaking financial news
- Finance
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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Credit Suisse M&A fees slide by 34% amid dealmaker exodus
Credit Suisse’s M&A revenues tumbled by 34% in the second quarter as the Swiss bank battled to stem an exodus…
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Lazard CEO Jacobs set for 12 star dealmaker hires amid record second quarter
Lazard is continuing to hire senior dealmakers amid an M&A boom that has pushed the independent investment bank to a record…
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China Targets Costly Tutoring Classes. Parents Want to Save Them.
Zhang Hongchun worries that his 10-year-old daughter isn’t getting enough sleep. Between school, homework and after-school guitar, clarinet and calligraphy…
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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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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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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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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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How place governance impacts the civic potential of public places
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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Abrdn boss on why flexible working is here to stay: ‘We’ve proved remote work on a large scale can be effective’
The City is slowly stirring back to life, with the lifting of Covid restrictions in England on 19 July prompting…
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FCA looks to force companies to explain board-level diversity
The City watchdog has launched a consultation on changes to its listing rules which would require companies to publish “comply…
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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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Credit Suisse hires Goldman Sachs executive Wildermuth as new chief risk officer
Credit Suisse has tapped a Goldman Sachs executive as its next chief risk officer as the Swiss bank continues to…
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Home prices broke records in May, according to S&P Case-Shiller
A “For Sale” sign is seen in front of a home on May 30, 2019 in Miami, Florida. Joe Raedle…
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The collapse of Archegos shows how important it is to understand data
Extreme liquidity, combined with high levels of market volatility and high-tech valuations, can make a lethal cocktail. The collapse of…
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IMF warns that inflation could prove to be persistent and central banks may need to act
Customers shop for produce at a supermarket on June 10, 2021 in Chicago, Illinois. Scott Olson | Getty Images The…
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FCA puts size limit on UK Spacs as investors are in line for greater protections
Investors must be allowed to exit a special purpose acquisition company early if it wants to benefit from a smoother regulatory…
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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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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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Bankers now face compliance crackdown over Covid rule breaches
Compliance rules have always been a headache for City workers. During the pandemic, they are becoming a nightmare. Texts about…
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These banks now pay 20-somethings starting salaries of $100,000 or more
The world’s largest investment banks have hiked junior banker pay to six figures over the course of the past month…
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Redundancies spike ninefold for senior managers in financial services on back of Brexit
A nine-fold increase in senior manager redundancies at financial services firms is down to Brexit, as UK companies restructured in the…
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Tether executives facing federal criminal probe; reports
Executives at Tether International, the company that issues the digital currency tether , are facing a federal criminal probe into…
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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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QR Codes Are Here to Stay. So Is the Tracking They Allow.
SAN FRANCISCO — When people enter Teeth, a bar in San Francisco’s Mission neighborhood, the bouncer gives them options. They…
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Yellen urges Congress to raise or suspend the debt limit by Aug. 2
Treasury Secretary Janet Yellen on Friday warned Congress that her department will need to embark on “extraordinary measures” on Aug.…
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The rapid growth the U.S. economy has seen is about to hit a wall
A National Park Service worker replaces a flag at the Washington Monument which reopened today following a six month closure…
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Slaughter and May boosts first-year lawyer salaries to £100,000
Magic Circle law firm Slaughter and May has bumped salaries for its first year lawyers to £100,000. Salaries for newly…
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Goldman loses European dealmaker as boutiques circle prestige banks
Goldman Sachs executive director Benjamin Rouach is set to join boutique advisory firm Fenchurch, Financial News has learned. Rouach will start…
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JPMorgan re-hires Bennetts lead directory advisory services group in Europe
JPMorgan re-hired a senior banker to lead its director advisory services unit in Europe, a division that helps source directors…
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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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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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Tiff Macklem’s dashboard: Charting economy’s exit from pandemic puzzle
Breadcrumb Trail Links News Economy Governor Tiff Macklem has said that the path of interest rates will be determined by…
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Senators and Biden Aides Struggle to Save Bipartisan Infrastructure Deal
WASHINGTON — Congressional negotiators and the Biden administration tried on Monday to salvage a nearly $600 billion bipartisan agreement to…
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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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Yellen sees ‘several more months of rapid inflation’ before easing, worries about housing impact
Treasury Secretary Janet Yellen cautioned Thursday that prices could continue to rise for several more months, though she expects the…
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Boutique Stifel follows Wall Street rivals with $100,000 salary for juniors
Boutique investment bank Stifel has joined larger rivals by increasing pay for entry-level jobs to $100,000 as the sector faces a…
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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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The emerging solidarity economy: A primer on community ownership of real estate
About the Authors Tracy Hadden Loh Fellow – Metropolitan Policy Program, Anne T. and Robert M. Bass Center for Transformative…
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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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Credit Suisse’s Brechner jumps to Citi as dealmaker exodus continues
Citigroup has hired a senior dealmaker from Credit Suisse to bolster its M&A team in Europe, the latest departure from…
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UK backs Guaido in court battle over $2bn of Venezuelan gold in Bank of England
The UK government said it continues to recognise Juan Guaido as the President of Venezuela in an intervention in a…
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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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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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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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Spacs take a backseat as traditional IPOs boom globally in second quarter
Listings of special purpose acquisition companies slowed in the second quarter with traditional initial public offerings booming worldwide, overtaking the…
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FCA suspects insider dealing in almost 25% of activity in 2020
The Financial Conduct Authority found examples of possible insider dealing in 21.9% of the activity it monitored in 2020, up from 17.5%…
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Morgan Stanley dealmakers shine as fixed-income trading slips by 45%
Morgan Stanley’s dealmakers helped offset a decline in trading revenues as its fixed income unit slipped by 45% in the…
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Goldman CEO Solomon hints that juniors may get pay bump: ‘Expect to see us pay appropriately’
Goldman Sachs chief executive David Solomon hinted that the bank could soon give a pay boost to its junior bankers, saying…
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