financial times
- Finance
Spacs in the UK? Everything you need to know about Lord Hill’s IPO and listing review
Lord Hill’s review of the UK’s listing regime has recommended a series of reforms aimed at making the UK a…
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KPMG UK agrees sale of restructuring business in PE-backed management buyout
KPMG UK has agreed to sell its restructuring unit in a management buyout backed by private equity firm H.I.G. Europe.…
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Hong Kong won’t appeal ex-JPMorgan banker bribery acquittal
The Hong Kong government won’t appeal the acquittal of an ex-JPMorgan banker accused of bribery after offering a job to…
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Walmart says it will support U.S. manufacturers with $350 billion of added business
A worker delivers groceries to a customer’s vehicle outside a Walmart Inc. store in Amsterdam, New York, on Friday, May…
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Mortgage application demand stalls as interest rates surge to highest level since July
Mortgage interest rates last week rose at the fastest pace in over a year, throwing cold water on already cooling…
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Greensill Capital planning insolvency amid deal talks with Apollo
Embattled financial startup Greensill Capital plans to file for insolvency in the UK this week, as it simultaneously moved toward…
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New Citi CEO Jane Fraser unveils net-zero targets on first day at the helm
Citigroup chief executive Jane Fraser has used her first day at the helm of the US bank to unveil ambitious…
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Financial services firms move £1.3tn out of UK since Brexit vote
Financial services firms have said they have moved £1.3tn from the UK to the EU since the 2016 Brexit referendum. Data…
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Regulators monitor Greensill as financier scrambles to sell core parts of business
Pressure mounted on embattled SoftBank Group-backed Greensill Capital as it scrambled to sell core parts of its business and regulators…
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Jon Little’s Alderwood Capital begins hunt for investors
Alderwood Capital, the fund management business launched by former Northill Capital founder Jon Little, has made a trio of hires…
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Canada’s economy endured an historic collapse in 2020, but surged into 2021 faster than most expected
Breadcrumb Trail Links News Economy Kevin Carmichael: A housing boom has lessened economic pain of the recession, but at expense…
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In the Middle East, poverty is down but economic grievance is up. Why?
The political economies of the Arab world present a fascinating but puzzling paradox. On the one hand, the region’s trajectory…
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What the recovery from the Great Recession reveals about post-pandemic work and cities
Since the onset of COVID-19 pandemic, there has been ongoing debate about the future of cities in a post-pandemic world,…
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City hedge fund manager’s suicide indicative of wider sector Covid stress
A hedge fund manager who took his own life last year was experiencing high stress amid a tough time for…
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GAM calls time on supply chain finance fund linked to Greensill
GAM, the Switzerland headquartered asset manager, has announced it will close an investment fund linked to Greensill Capital — the…
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Amazon Workers’ Union Drive Reaches Far Beyond Alabama
Players from the National Football League were among the first to voice their support. Then came Stacey Abrams, the Democratic…
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Warren Revives Wealth Tax, Citing Pandemic Inequalities
WASHINGTON — Senator Elizabeth Warren, Democrat of Massachusetts, introduced legislation on Monday that would tax the net worth of the…
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Softbank agrees $1.6bn settlement with ex-WeWork boss Adam Neumann, others
Softbank has announced it has reached a $1.6bn settlement to a lawsuit brought against it by ex-WeWork chief executive Adam…
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Goldman Sachs revives cryptocurrency desk to cash in on bitcoin hype
Goldman Sachs has relaunched its trading desk for cryptocurrencies as demand for bitcoin and other digital assets continues to increase.…
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Six cases of Brazil variant detected in the UK: Here’s what you need to know
The UK’s health officials are desperately trying to locate an individual who was infected with a strand of the coronavirus…
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M&A surges to record $405bn in February as tech deals boom: ‘2021 is shaping up to be incredibly busy’
Companies across the globe clinched almost $700bn worth of mergers and acquisitions during the first two months of the year,…
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How Can Biden Bring Back Manufacturing Jobs? Weaken the Dollar
Dr. Gagnon estimates that as a result of these forces, the dollar was 10 to 20 percent above its expected…
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Here’s how bitcoin could become the preferred unit for global trading, says Citigroup
Bitcoin has reached a “tipping point” that could see it either be adopted as the preferred currency for international trade…
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HSBC cuts staff and shakes up executives in London equities unit
HSBC is overhauling its equities trading unit in London, cutting jobs and shifting senior UK-based staff to Paris or Hong…
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Jane Fraser tasked with refreshing Citigroup
Jane Fraser wants to simplify Citigroup the original megabank. That won’t be easy. On 1 March, Fraser took over as chief executive…
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They Were on Equal Footing. Then the Ground Shifted.
“You just got to scrape along and gut it out,” he said. “We’re really struggling to get by.” But in…
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Our fragile mental health is the hidden threat to the economic recovery
Breadcrumb Trail Links News Economy Kevin Carmichael: If country’s workforce is coping with low-grade PTSD, there aren’t any simple levers…
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Kalifa Review: All you need to know about the UK’s 106-page fintech report
Greater government oversight, hand-holding by regulators and a £1bn growth capital fund must be considered at pace if the UK…
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Trading Places: HSBC’s big shake-up, BofA reshuffles M&A, a brutal bonus season
HSBC has named a number of new senior leaders in Europe, the US and the Middle East as the lender…
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London’s left behind as England’s 15 least vaccinated areas located in the capital
The 15 areas in England to have vaccinated the lowest proportion of adults so far are all in London. The…
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Jupiter assets reach new record, despite investors pulling £4bn
Jupiter Fund Management suffered net outflows of £4bn last year, despite the FTSE 250 group posting an increase in profits and a…
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Aquis says it will trump City market expectations
Aquis, one of the UK’s smaller alternatives to the London Stock Exchange’s Aim, has said it expects to surpass market…
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Biden’s Pick for Trade Representative Promises Break With Past Policy
WASHINGTON — Katherine Tai, President Biden’s pick for United States trade representative, promised lawmakers during her confirmation hearing on Thursday…
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Vanguard, BlackRock singled out for $170bn coal exposure
Vanguard and BlackRock, the world’s two largest asset managers, have been singled out for having the highest exposure to the…
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HSBC shrinks bonuses for London investment bankers by up to 20%
Investment bankers in HSBC’s London operations have seen bonuses decline by as much as 20%, as the UK lender has…
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With racial equity on America’s agenda, how inclusive were metro areas in the past decade?
Two of 2020’s headline events—the onset of the COVID-19 pandemic and its highly uneven impacts by race as well as…
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Jefferies backtracks on staff jab plan after memo demanded ‘verification of vaccination’
US investment bank Jefferies has backtracked on a policy that would have required all of its staff to receive a…
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JPMorgan and Sutton Trust launch $4.8m bursary fund for low-income students
US investment bank JPMorgan Chase and the Sutton Trust have launched a £4.8m bursary fund for university students to improve…
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Biden Looks to a Consensus Builder to Heal a Democratic Rift on Trade
WASHINGTON — The negotiations lasted late into the evening, leaving some members of Congress shouting and pounding the table in…
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Citi’s Leo Arduini: ‘European players are back big time’
Leo Arduini was skiing in Italy last February when he realised just how much of a threat Covid-19 would pose…
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Bank of America names Berendes, Brabazon new M&A leaders in Europe
Bank of America has shaken up the leadership of its mergers and acquisitions team in Europe amid global surge in…
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$1.9tn is too much stimulus and it eclipses the economic benefit
The US entered the pandemic with a federal budget that was on an unsustainable trajectory, with spending outstripping revenues as…
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Metro Bank reports £271.8m loss on pandemic hit
Metro bank reported an underlying loss before tax of £271.8m for 2020, taking an estimated £124m hit from the impact…
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BMO, Scotiabank see economic winds favouring U.S. amid speedier vaccine rollout
Breadcrumb Trail Links News Economy Canada’s recovery may lag its southern neighbour by up to six months Author of the…
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Powell Focuses on Economic Need at Key Moment in Markets and Politics
The American economy remains far from healed and the Federal Reserve is in no hurry to dial back its support,…
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No New Taxes in N.J. as Pandemic Forecast Turns ‘Less Bad’
“Even as we continue to confront the pandemic’s challenges, we cannot — and we will not — sit still,” the…
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Roadmap to lift UK’s third lockdown: Here’s the timeline plus what you can and can’t do
Prime Minister Boris Johnson has set out plans to “cautiously but irreversibly” lift the UK out of its third national lockdown,…
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‘A necessity, not a token’ – What it’s like to be LGBTQ+ in fintech and the City
As the City tries to become more diverse, companies are considering who to turn to for answers. In 2021, diversity…
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December home prices rose 10.4%, the biggest gain in 7 years, Case-Shiller says
A houseÕs real estate for sale sign shows the home as being Òunder contractÓ in Washington, DC, November 19, 2020.…
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Working from home set to continue until June under lockdown exit roadmap
Mass working from home will continue until June at the least under a roadmap to exit lockdown laid out by…
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