financial times
- Finance
Eviction Freeze Set to Lapse as Biden Housing Aid Effort Falters
The lapse of the federal freeze is offset by other pro-tenant initiatives that are still in place. Many states and…
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The Shanghai middle class: Embracing “cosmopolitanism with Chinese characteristics”?
There is no doubt that the Chinese middle class is a dominant political and economic force that will have a…
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Pending home sales drop in June — more evidence of a housing turnaround
A real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul…
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Jupiter’s Bonham Carter on why he’s sceptical about Spacs
City fund management veteran Edward Bonham Carter has called into question the investor benefits of so-called special purpose acquisition companies,…
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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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Hire ‘poor, hungry kids’ instead of ‘entitled’ grads to solve banker talent crisis, Xavier Rolet says
Investment banks should hire “poor, hungry” graduates if they want to stave off a crisis among junior bankers, which are rebelling…
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The inclusive economic impacts of downtown public space investments
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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Canadian inflation slows but still tops Bank of Canada’s target
Breadcrumb Trail Links News Economy And the drop in June may only be momentary relief Author of the article: Bianca…
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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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Deutsche Bank doubles M&A fees as it sidesteps fixed income trading slump
Deutsche Bank dodged the second quarter fixed income trading slump, with revenues shrinking by 11% as fees from mergers and…
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Video: I.M.F. Sticks With 6 Percent Global Growth Forecast
new video loaded: I.M.F. Sticks With 6 Percent Global Growth Forecast transcript Back transcript I.M.F. Sticks With 6 Percent Global…
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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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The I.M.F. warns of a lopsided economic recovery but retains its 6 percent global growth forecast.
The International Monetary Fund warned on Tuesday that the gap between rich and poor countries was widening amid the pandemic,…
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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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Utah Farm Draws a Rare Breed: The American Shepherd
DIXIE NATIONAL FOREST, Utah — “The object is to keep ’em grazing,” Scott Stubbs said as he looked over the…
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The restructuring hiring rush is on, despite a flat market
An injection of private equity cash into the restructuring market via new spin-offs from Deloitte and KPMG has stoked frantic hiring…
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U.S. jobless claims show surprise gain, well above expectations
Weekly jobless claims unexpected moved higher last week despite hopes that the U.S. labor market is poised for a strong…
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Sales of existing homes rise slightly as more listings finally hit the market
After four straight months of declines, sales of previously owned homes rose 1.4% in June month to month to a…
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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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Dimon life: Will JPMorgan boss’s bonus rub shareholders up the wrong way?
Aw, you shouldn’t have. JPMorgan Chase’s board surprised investors by giving chief executive officer Jamie Dimon 1.5 million stock options on top of…
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Xavier Rolet on his 130-hour weeks at Goldman: ‘Not sure what today’s generation is complaining about’
How many hours do you really need to clock in investment banking? A group of first-year Goldman Sachs analysts, stretched…
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Will a government venture capital fund really help private investors?
It is hard to overstate how far the European venture capital industry has come since the turn of the millennium. Although…
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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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80-hour weeks are a must to rise in banking, JPMorgan exec says
Wall Street’s reputation for burning out junior staff with 80-hour-plus weeks is worth it so that bankers can master the profession sooner…
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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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Will Robinhood’s IPO be a boom or bust?
Robinhood Markets likes to give away free shares to attract new customers. Its public offering to investors is a different…
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UBS dealmakers’ fees surge by 70% as trading boom ebbs
UBS’s investment bank brought in fees nearly 70% ahead of last year during the second quarter, due to a surge…
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Ashurst partner profit smashes £1m for first time since financial crisis
City law firm Ashurst has unveiled average partner profits of more than £1m for the first time since 2008 on…
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Crypto causes ‘severe damage’ to investor ESG credibility, says Candriam
Significant direct investment in cryptocurrencies by asset managers or large institutional investors can cause “severe damage to [their] environmental, social…
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Low-Wage Workers Now Have Options, Which Could Mean a Raise
McDonald’s is raising wages at its company-owned restaurants. It is also helping its franchisees hang on to workers with funding…
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Barclays unveils raft of changes to top of investment bank
Barclays promoted a raft of senior dealmakers and named new co-heads of its investment banking to lead the unit during…
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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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Christophe Roupie: ‘Brexit does make life a bit more difficult’
MarketAxess could be said to have had a good pandemic. As the Covid-19 crisis ripped through financial markets and forced…
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Lawmakers and accountants lobby for solid crypto accounting rules
Accountants and lawmakers are urging standard-setters to fill a void and write concrete rules telling companies how to account for…
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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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Robinhood aims for $35bn valuation in IPO
Robinhood Markets, the zero-commission investment app, has set terms for its much anticipated initial public offering. Robinhood said on 19 July…
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Here’s why governments want crypto experts
Monetary authorities around the world are rushing to design digital currencies, and many are asking: Who knows how to do…
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How can the US support democracy and development in Latin America?
From widespread protests in Cuba to the assassination of Haitian President Jovenel Moïse, recent unrest across Latin America has brought…
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Women in City boardrooms jumps 39% since 2016
Women now hold almost a third of positions on financial services firms’ boards, five years on from the start of…
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View: Why Google needs to step up to stop investment scams
Where do you find your investments? Chances are that, if you’re reading this, you’re a professional and don’t need to…
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Cost of FCA’s voluntary resignations balloons to £7m
The cost of UK’s Financial Conduct Authority’s “voluntary resignation programme” has jumped almost 11-fold on initial reports, according to the watchdog’s…
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‘The Market Is Insane’: Cars Are Sold Even Before They Hit the Lot
Some customers have balked at paying top dollar for new cars and have opted to make do with older vehicles.…
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FCA to push up headcount amid plans for new offices in Leeds, Belfast and Cardiff
The FCA is set to bolster its regional headcount dramatically with the addition of multiple offices across the UK. The…
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FCA Brexit bill hits £10m as watchdog pledges not to undercut EU standards
The UK’s departure from the EU is set to cost its financial regulator some £10m in 2021/22, according to its…
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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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Why solving banker burnout is far from simple
Imagine you are a manager, and an employee told you their job is worse than foster care. Another that their…
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BlackRock nears $10tn in assets as profits beat estimates
BlackRock second-quarter profit rose 14% on new money coming into the giant asset manager, a sign that investors are becoming…
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Legal & General chair Sir John Kingman blasts government over neglect of audit regulator
The chairman of Legal & General Sir John Kingman has said it is “indefensible” that audit regulator the Financial Reporting…
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KPMG UK books £115m profit from pensions business sale
KPMG UK made £115m from the sale of its pension business in a private equity-backed management buyout last year, latest accounts…
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Losses jump sixfold at ex-Barclays boss Antony Jenkins’ fintech startup
Losses at the banking technology startup helmed by former Barclays boss Antony Jenkins jumped sixfold last year, as the firm…
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