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Giuliani associate Lev Parnas convicted of illegal-campaign-contribution charges
NEW YORK (AP) — A New York jury convicted a former associate of Rudy Giuliani on Friday of charges that…
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Weekend reads: Should you invest in a bitcoin ETF?
A groundbreaking development in exchange traded funds this week has Mark DeCambre, the author of the ETF Wrap column, answering…
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Five things in crypto this week: bitcoin ETF, inflation and FTX’s $25bn price tag
In the week that saw bitcoin reach a new all-time high, investors and financial professionals alike were kept busy in…
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Here’s how regulators could tackle a Revolut crypto coin
Banks are contemplating how they can get a slice of the boom in demand for cryptoassets and blockchain technology, and…
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Wall Street set to shower bankers with highest pay and bonuses since 2008 crisis
Top Wall Street banks are on course to pay their dealmakers more than at any point in at least a…
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American Express sees continued spending recovery as earnings easily top expectations
American Express Co. topped earnings and revenue estimates Friday as the company benefited from an acceleration in spending and saw…
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Trading Places: BNP Paribas promotes PE banker, Nomura’s hiring spree
Private equity and junior bankers were in the spotlight this week, as investment banks reported earnings that showed they are…
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Treasury pushes for risk disclosure, tighter credit checks in buy now, pay later market
The Treasury has laid a path for tighter regulation of the buy now pay later sector, as it recommends that lenders should…
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Bitcoin miners are trying to go green but the challenge is ditching fossil fuels
Bitcoin mining has earned a bad reputation for guzzling cheap electricity in the pursuit of profit. Now bitcoin miners are…
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Deutsche Bank whistleblower awarded $200m prize for libor tip-off
A whistleblower whose information helped US and UK regulators investigate manipulation of global interest-rate benchmarks by Deutsche Bank was awarded…
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Fed announces new rules to restrict trading by top officials
The Federal Reserve on Thursday announced what it said was a “broad set” of new rules that will prohibit the…
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Cryptocurrency exchange FTX hits $25bn valuation in funding round
Cryptocurrency exchange FTX reached a valuation of $25bn in a new funding round that includes heavyweights from traditional finance, such…
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Mobius warns ‘crypto could really blow up’: central banks should pay attention
Mark Mobius, the veteran emerging markets investor, warned of a potential cryptocurrency collapse that would be felt across global stock markets. “Cryptocurrency…
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SEC slammed over approach to crypto
WASHINGTON — A Republican member of the Securities and Exchange Commission criticised the agency’s approach to regulating the cryptocurrency industry,…
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Barclays PLC 9-Mos Net Pft GBP5.26B
Corrections & Amplifications This headline was corrected at 0606 GMT. The original misstated the period as third quarter. Corrections &…
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Barclays’ dealmakers post record quarter amid M&A boom
Barclays dealmakers hauled in record fees during the third quarter as the UK lender followed Wall Street rivals with record…
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Why PayPal may be considering a mega-deal for Pinterest
PayPal Holdings Inc.’s quest to become a “super-app” may be kicking into a new gear following reports that the company…
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Zopa gains unicorn status as SoftBank leads $300m funding round
British digital bank Zopa is now a billion-dollar company, gaining the coveted unicorn title after raising $300m from major Japanese technology…
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Goldman Sachs more than doubles first-year banker bonuses to £64,500 amid junior burnout crisis
Junior banker bonuses in London have surged by 60% this year as firms have moved to stem an exodus of…
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Citi CEO Fraser sets out ‘time to breathe’ amid relentless banker Zoom calls
Citigroup chief executive Jane Fraser introduced a “take time to breathe” hour for its employees and cut back the length…
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Bitcoin hit a record high and could go further still, analyst says
Bitcoin has risen above $66,000, recording a record high on 20 October, after ProShares Bitcoin Strategy ETF, the first bitcoin-linked…
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Goldman Sachs teams up with American Express to take on transaction banking rivals
Goldman Sachs has teamed up with American Express for a technology upgrade to its nascent transaction banking business, as the…
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Dow, S&P 500 touch record-high territory Wednesday, with Tesla earnings due after the close
U.S. stock indexes saw modest gains Wednesday morning, but they were sufficient to push the S&P 500 index and Dow…
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Treasury lines up tougher checks as buy now pay later crackdown imminent
The Treasury’s long-awaited consultation into the buy now, pay later market is set to arrive as soon as next week,…
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Credit Suisse admits it defrauded investors to settle Mozambique charges
Credit Suisse Group AG agreed to pay $475m and forgive $200m Mozambique owes to investors in coordinated settlements with US and European…
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Advertising watchdog orders buy-now-pay-later firm to remove ads ahead of Treasury crackdown
The UK advertising watchdog has told a buy-now-pay-later credit firm to pull down adverts that don’t explain to consumers that its…
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Swiss regulator Finma reveals Credit Suisse spied on seven executives
Credit Suisse Group’s efforts to spy on top executives were broader than previously known and broke Swiss supervisory law, that country’s…
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Vanguard’s UK retail platform is proving to be a hit with under 30s as assets swell to £9.5bn
Investment platforms have experienced a surge in trading volumes since the start of the Covid pandemic, fuelled by younger investors seeking…
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Citigroup eyes UK and Ireland growth amid ‘feeding frenzy’ deal boom
Citigroup is bolstering its roster of FTSE-100 companies and hiring dealmakers in the City after a shake-up at the top…
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Lawyers warn of legal risks as Goldman, JPMorgan relax Covid safety in offices
Lawyers warn that City firms that opt to scrap social distancing requirements in the workplace could face a surge in employment…
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Bankers flock to business class again in M&A boom: ‘My message is clear — get back out there’
Mergers and acquisitions deal volumes are on course to smash annual records this year, even as investment bankers have negotiated…
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Ex-Goldman trader who jumped to crypto says Wall Street is catching on
Making the jump from Wall Street to bitcoin is easier said than done in 2021, but Kraken’s Juthica Chou took…
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ProShares bitcoin ETF debuts high at NYSE opening
The bitcoin-linked exchanged traded fund, ProShares Bitcoin Strategy ETF, was trading higher on the morning of 19 October but off…
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First bitcoin futures ETF ticks up as opening-day trading continues
The first bitcoin-focused exchange-traded fund rose modestly in its debut on 19 October. The ProShares Bitcoin Strategy ETF was up 2% in…
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Hungover City traders’ Friday bacon sandwich run among WFH casualties
The bacon sandwich run is a City of London ritual for hungover traders who stumble into the office late on…
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U.S. stocks push higher as earnings season rolls on
U.S. stocks pushed to the upside again Tuesday, after the largest four-day stretch of gains since late July for both…
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Banks and law firms worst on gender pay gap as ‘old boys’ hiring still rampant
When it comes to the City closing the gender pay gap, top law firms and banks have the steepest hills…
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Goldman tops bumper quarter for dealmakers with $1.6bn in M&A fees
Goldman Sachs capped a stellar third quarter for dealmakers by posting a 225% increase in M&A fees, and staved off…
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Nomura kicks off hiring spree for 50 junior bankers as battle for talent heats up
Nomura is kicking off a fresh hiring spree for 50 analysts and associates before the end of this year, as…
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Martha Stewart is now into NFTs with Halloween tokens first on the list
Martha Stewart wants to be your crypto queen. The 80-year-old lifestyle guru plans to unveil a collection of NFTs on…
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City of London’s ‘fundamentals’ are unchanged after Brexit, says Boris Johnson
The City of London has remained an attractive destination for bankers and financial firms to continue doing business in spite…
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Square Is Considering Bitcoin Mining, Jack Dorsey Says. He Has His Reasons.
Jack Dorsey is a major proponent of Bitcoin and other cryptocurrencies. Marco Bello/AFP via Getty Images Fintech group Square is…
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Digital lender N26 valued at $9bn after $900m funding round
N26 said on 18 October that it raked in more than $900m in a funding round that values the Berlin-based…
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HSBC execs become ‘Dragons’ in quest for ideas in Europe
HSBC is launching a ‘Dragon’s Den’-style competition for staff within its European investment bank to pitch new ideas for bolstering…
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Bitcoin price soars as hype grows over futures ETF
Bitcoin prices surged over the weekend and pushed higher Monday amid expectations that an exchange-traded fund tracking futures contracts for…
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Blackstone, KKR fuel record $26bn in Wall Street fees as PE boom seen raging on
Bankrolling private equity is big business for Wall Street. The world’s biggest banks have pulled in a record $26bn in fees advising…
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Fintech frenzy to stall as talent war and Europe’s IPO slowdown hurts startups
Record levels of private and venture capital funding for European fintech companies could diminish next year as mature startups focus…
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Goldman gets approval for full ownership of key unit in China
Chinese regulators approved Goldman Sachs Group’s application to take full ownership of a key local unit, another step in China’s gradual opening…
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Investment advisers ‘extremely skeptical’ about first U.S. bitcoin ETF: ‘It’s a hard thing for RIAs to recommend an inferior’ crypto product
Happy Sunday! Welcome to the penultimate installment of Need to Know Crypto Edition, ahead of the launch of a new…
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Oct. 15 is the final deadline to file a 2020 tax return — here’s how to avoid leaving money on the table
A topsy turvy tax season, replete with a payment deadline extension and mid-stream tax code changes, is coming to an…
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