C&E Industry News Filter
- Finance
Cathie Wood’s ARK dips into private investments
Cathie Wood’s ARK Investment Management on 27 September debuted the ARK Venture Fund, the firm’s first foray into private investments.…
Read More » - Finance
Wall Street pays $1.8bn in fines after traders use banned messaging apps
Eleven of the world’s largest banks and brokerages will collectively pay $1.8bn in fines to resolve regulatory investigations over their…
Read More » - Finance
Stuart Kirk slams coal divestments as ‘immoral’ in latest spat with ex-employer HSBC AM
HSBC Asset Management’s former responsible investing boss Stuart Kirk, who quit in July amid controversial comments he made on climate…
Read More » - Tech
Oracle to Settle SEC Foreign Bribery Charges For the Second Time
A building housing Oracle’s offices in Hyderabad, India. The company’s $23 million settlement follows a settlement in 2012. Photo: Dhiraj…
Read More » - Finance
KPMG junior in Carillion forgery case should have questioned orders, tribunal says
Former KPMG accountant Pratik Paw should have questioned the “highly unusual” instructions he received from his superiors to create meeting…
Read More » - Finance
Celsius boss Alex Mashinsky quits amid flood of crypto executive resignations
Celsius chief executive Alex Mashinsky has quit his job months after the embattled crypto lender filed for chapter 11 bankruptcy…
Read More » - Tech
Brands Review Data Privacy Policies After $1.2 Million Sephora Settlement
More marketers are taking notice of California’s data privacy laws after the state said last month that cosmetics retailer Sephora…
Read More » - Finance
Jupiter’s new chief plans restructure to revive struggling asset manager
The incoming chief executive of Jupiter Asset Management has told staff that the FTSE 250-listed group will undergo a restructuring…
Read More » - Finance
Boutique Qatalyst Partners pays London dealmakers £1.3m after bumper year
A boutique investment bank specialising in big-ticket technology deals paid a handful of London-based dealmakers an average of £1.3m last…
Read More » - Tech
Qualcomm CFO Focuses on Investing in Budding Automotive Business
Qualcomm Inc.’s finance chief Akash Palkhiwala is weighing how much to allocate toward the company’s growing automotive-chip business as consumer…
Read More » - Finance
Goldman Sachs’ European ECM and leveraged finance team hit hardest by layoffs
Goldman Sachs’ equity capital markets and leveraged finance teams bore the brunt of its latest cut-backs in its European investment…
Read More » - Finance
Freetrade turns to crypto for European growth, plans to break even in 2024
Freetrade has set its sights on cryptocurrencies as part of a push into Europe, as the well-known trading app plans…
Read More » - Finance
FCA COO Emily Shepperd: ‘I’m someone who likes to run towards fires’
Emily Shepperd is one of FN’s 100 Most Influential Women in Finance 2022. The list will be published on 17 October here. The…
Read More » - Finance
Helena Morrissey to step down as AJ Bell chair over CEO succession
Baroness Helena Morrissey has stepped down as chair of online investment platform AJ Bell after less than a year in…
Read More » - Finance
FTX wins auction to acquire bankrupt crypto firm Voyager with $1.42bn bid
FTX has won an auction to acquire bankrupt cryptocurrency lender Voyager Digital with a bid valued at $1.42bn. The valuation comprises $1.31bn…
Read More » - Finance
UK funds industry assets top £10tn, but trade body warns over future growth
The trade body representing UK asset managers has warned that the pace of growth that helped to buoy industry assets under…
Read More » - Finance
Crédit Agricole subsidiaries to settle alleged US sanctions breaches
Two subsidiaries of French bank Crédit Agricole’s corporate and investment banking arm have agreed to pay more than $1.12m in civil penalties…
Read More » - Tech
Cyberattack on InterContinental Hotels Disrupts Business at Franchisees
A cyberattack on InterContinental Hotels Group PLC disrupted business at franchisees this month, leaving a trail of angry customers, lost…
Read More » - Finance
HSBC trims UK investment bankers as layoffs pick up pace
HSBC has trimmed front-line staff from its investment bank in the UK, as a dealmaking slump this year is set…
Read More » - Finance
Fund managers urge BoE action as potential rates announcement imminent
Fund managers are concerned about the high level of borrowing needed to fund the UK government’s multi-billion pound tax cut…
Read More » - Finance
Credit Suisse set to roll out new retention bonuses for UK dealmakers
Credit Suisse is set to extend retention bonuses to a select band of senior dealmakers in London in a bid…
Read More » - Finance
Fidelity investors to choose between robo advisor and human-cyborg hybrid
Fidelity Investments has offered investors two distinct flavours of robo-advice: a purely digital investment management service called Fidelity Go; and…
Read More » - Finance
Banker bonus cap scrapped as Kwarteng reveals ‘growth plan’
Chancellor Kwasi Kwarteng has confirmed the government will scrap the cap on banker bonuses. “A strong UK economy has always…
Read More » - Finance
10,000 Black Interns picks former Great Britain swimmer as new CEO
Former professional swimmer Rebecca Achieng Ajulu-Bushell has been named chief executive of 10,000 Black Interns, an organisation that is striving to…
Read More » - Finance
Goldman to cut poor performers in annual cull
In a return to pre-pandemic practice of hiving off low-performing staffers from the bank, Goldman Sachs is set for a…
Read More » - Finance
JPMorgan’s Daniel Pinto says banks need to be ‘very careful’ about cutting dealmaker jobs
The head of JPMorgan’s investment bank said banks need to be “very careful” about making deep cuts to dealmakers, even…
Read More » - Finance
Why the City needs a refresh on its relationship with the EU
Nicolas Mackel is the CEO of Luxembourg for Finance, the development body for the country’s financial centre. All over the…
Read More » - Finance
Barclays CEO Venkat sees trading boom fading next year
Barclays’ chief executive warned that the boom in trading revenue that has helped banks offset a slump in dealmaking fees…
Read More » - Finance
Why EY’s split of audit and consulting arms will be messy
Ernst & Young’s tax experts bring in lots of cash and are highly valued by the firm’s clients. Many members…
Read More » - Finance
Brooks Macdonald hikes pay for low earners to combat cost-of-living crisis
Wealth manager Brooks Macdonald has given its lowest earners a £1,000 pay rise, as pressure ramps up on the City…
Read More » - Finance
Lisa Cameron MP: ‘You can’t keep your head in the sand and hope crypto goes away’
Can you remember the moment you started caring about crypto? Lisa Cameron can. “One of my constituents had been scammed,”…
Read More » - Finance
FTX and Binance lead bids for bankrupt crypto lender Voyager
Crypto exchanges FTX and Binance have made the leading bids for the assets of bankrupt crypto lender Voyager Digital, according…
Read More » - Finance
FCA warns Link it faces £50m fine over Woodford fund collapse
The Financial Conduct Authority warned the administrators responsible for overseeing Neil Woodford’s now defunct flagship investment fund that it could…
Read More » - Finance
Top Nomura banker Steven Ashley steps down to run digital assets unit
Steven Ashley, Nomura’s most senior banker in the City, is stepping down from his role as head of its wholesale…
Read More » - Finance
EY posts highest revenue growth in two decades at $45bn as firm gears up for historic split
EY posted revenue of $45.5bn for its latest financial year as it prepares to poll partners on its plans to…
Read More » - Finance
Citigroup’s European healthcare deals chief Anthony Hartley set to depart
Citigroup’s head of healthcare investment banking in Europe is stepping down from the bank after six years in the role.…
Read More » - Finance
Kirkland & Ellis poaches Allen & Overy infrastructure co-head in London
US law firm Kirkland & Ellis has hired Allen & Overy’s global infrastructure co-head Sara Pickersgill. Pickersgill joins Kirkland as a…
Read More » - Finance
Why Truss must focus on the City to rescue the economy
David Postings is CEO of UK Finance As Liz Truss prepares to head for her first Conservative Party Conference as…
Read More » - Finance
Kraken CEO Jesse Powell steps down
Jesse Powell, an early bitcoin backer and co-founder of the cryptocurrency exchange Kraken, plans to step down from his role…
Read More » - Finance
Credit Suisse draws up plans to split investment bank in three
Credit Suisse could split its struggling investment bank into three parts, a move that would involve thousands of job cuts…
Read More » - Finance
Jupiter’s new boss axes up to 80 roles in overhaul of asset manager
Jupiter Asset Management’s incoming chief executive is poised to unveil a wave of job cuts as he readies to take the…
Read More » - Finance
JPMorgan boss Jamie Dimon calls bitcoin and other crypto tokens ‘decentralised Ponzi schemes’
Jamie Dimon hasn’t relented in his rhetoric against cryptocurrencies, calling bitcoin and other digital tokens little more than “decentralised Ponzi schemes”…
Read More » - Finance
HSBC AM to phase out coal investments
HSBC’s fund arm said it will phase thermal coal companies out of its portfolios in a toughening of its stance on climate…
Read More » - Finance
SEC may not ban payment for order flow, sending Robinhood higher
Robinhood rose 22 September following a report that the Securities and Exchange Commission may not implement a ban on payment…
Read More » - Finance
BlackRock told not to backtrack on climate commitments as New York City ups ESG pressure
The official responsible for New York City’s public pension funds is pressing BlackRock to recommit to achieving net-zero emissions across its investment…
Read More » - Tech
For Some Figma Fans, Adobe Deal Triggers Fears Over Innovation, Pricing
Adobe Inc.’s planned acquisition of collaboration software maker Figma has sparked concern among its tightknit community of users. After Adobe…
Read More » - Finance
George Osborne targets Europe in venture capital deals push
George Osborne is on the hunt for deals in Europe, as his US-based investment firm joins the rush of North…
Read More » - Finance
Binance poaches Kraken compliance boss as crypto readies for regulation
Binance, the world’s largest cryptocurrency exchange by spot-trading volume, has snatched up the former chief compliance officer from rival Kraken,…
Read More » - Tech
Snap Hires New Compliance Chief From Peloton
Lance Lanciault, joined Snap in August as the new chief compliance officer, overseeing its compliance and integrity efforts. Photo: kirill…
Read More » - Finance
Trading Places: HSBC, Credit Suisse, Jupiter plan cuts, Kirkland scores two London partners
After a bumper year for banks in 2021, it looks like it’s job cuts time again. HSBC is trimming UK bankers…
Read More »
