marketwatch
- Finance
Missing Foreign Workers Add to Hiring Challenges
Neha Mahajan was a television journalist in India before her husband’s job moved her family to the United States in…
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HSBC hires Pandit to head up sustainable bonds in Europe
HSBC has hired a new head of sustainable bonds for Europe and the Americas, as large investment banks increasingly jostle…
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Talks end between UniCredit and Italian government over sale of Banca Monte dei Paschi
Months-long talks between the Italian government and bank UniCredit over the sale of nationalised lender Banca Monte dei Paschi di Siena have…
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JPMorgan launches UK apprenticeship to target Black non-finance workers
JPMorgan has launched a new apprenticeship to hire Black professionals from other sectors into its UK operation, as large investment…
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Fidelity International and CEO Anne Richards win big in FN’s Asset Management Awards
Boutique firm Liontrust picked up the prestigious Asset Manager of the Year gong in the Financial News Asset Management Awards 2021, as…
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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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Judge orders Lanistar to cough up unpaid salaries to former staff
An employment tribunal has awarded thousands of pounds in payments to former staff at Lanistar who were not paid salaries…
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To Get Ahead at Work, Lawyers Find It Helps to Actually Be at Work
Ms. Singh, too, appeared to be under more stress. “I came in every day this week,” she said, estimating that…
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Trump plans Spac for social media firm
Former President Donald Trump unveiled a new digital-media venture 20 October and said it would go public by merging with a…
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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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Ex-FCA staff fear talent drain amid bonus cuts
Former staffers at the Financial Conduct Authority said more people could leave the regulator as it undergoes a major project to transform its culture.…
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Kirkland raiding Freshfields’ stars ushers in new era for private equity team
Kirkland & Ellis’s hire of two rising stars from Freshfields last week marks a changing of the guard in the…
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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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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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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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Asset managers in firing line as Sunak unveils new greenwashing rules
Asset managers, investment providers, and pension schemes will all be forced to disclose information about their environmental impact under new…
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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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Funding Fight Threatens Plan to Pump Billions Into Affordable Housing
A few years ago she was told that a voucher was about to become available, but that fell through, and…
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A regional Fed analysis suggests Biden’s stimulus is temporarily stoking inflation.
Inflation is likely getting a temporary boost from the $1.9 trillion coronavirus relief package that the Biden administration ushered in…
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FCA chair Charles Randell resigns in shock move amid staff morale crisis
The chair of the Financial Conduct Authority has resigned, amid a period of turmoil at the UK’s markets regulator. Charles…
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Fed’s Barkin backs tapering plans and expresses concern about inflation
Richmond Federal Reserve President Thomas Barkin said Friday he’s on board with reducing the amount of economic help the central…
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Trading Places: Investec nabs Credit Suisse vet, Kirkland & Ellis hires Freshfields PE partners
In a busy week of earnings and booming revenues from the investment banks, the financial services sector also seen top moves…
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Conservative MP dies after stabbing at Essex constituency meeting
An attacker fatally stabbed a British lawmaker during a meeting Friday with constituents outside London. David Amess, a member of…
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Bank of America’s dealmakers rake in record fees as M&A surges
Bank of America dealmakers continued a scorching quarter for Wall Street bankers, posting record M&A revenue and a 23% increase…
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If not now, when? Canadian firms should unleash $150 billion cash pile to spur economic growth
Breadcrumb Trail Links News FP Economy ‘This cash level is something that we haven’t seen in a generation’ Author of…
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Former Canadian central banker pushes Cornwall Consensus after Washington Consensus dies
Breadcrumb Trail Links News FP Economy Governments ‘need to focus on shaping markets, as opposed to reacting to problems that…
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Freshfields introduces paid leave for pregnancy loss
Freshfields Bruckhaus Deringer has introduced a paid leave policy for UK staff and their partners who have been affected by…
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Helena Morrissey: Style and Substance – Review
Justin Cash is online editor at Financial News. The views expressed are his own. Helena Morrissey has developed eight criteria…
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Fed should keep labor markets tight for a more inclusive economy
The United States Federal Reserve has a dual mandate from Congress: maintain price stability and pursue maximum employment. A new…
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Treasury weighs tapping senior execs’ networks to replace top Brexit policymaker
The government’s Treasury department has considered sourcing a replacement for its lead policymaker on Brexit from its senior executives’ own…
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Bank of England warns crypto system could threaten financial stability
Crypto technologies have become a financial stability concern, a deputy Bank of England governor said. “Crypto technologies offer a prospect of…
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Standard Chartered links up with Singapore startup in Asia fintech push
Standard Chartered has tied up with Singapore start-up Atome Financial to expand in Asia’s booming financial technology market. As part…
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Binance pulls the plug on cryptocurrency trading involving China’s yuan
The world’s largest cryptocurrency exchange said it would stop allowing trading involving the Chinese currency on its consumer-to-consumer platform, weeks…
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HSBC CEO Quinn: Forcing staff back to the office is a ‘betrayal of trust’
HSBC chief executive, Noel Quinn, said that forcing its 210,000 employees back to the office in the wake of Covid-19…
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London Metal Exchange lures nine mining giants to ESG disclosure pledge
The London Metal Exchange launched a register of mining companies that have agreed to make disclosures around key sustainability issues,…
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Macklem aims to take bigger role on world stage after year of putting out fires at home
Breadcrumb Trail Links News FP Economy The rules of global finance are being rewritten and Tiff Macklem intends to be…
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Video: I.M.F. Lowers Economic Growth Forecast for 2021
new video loaded: I.M.F. Lowers Economic Growth Forecast for 2021 transcript Back transcript I.M.F. Lowers Economic Growth Forecast for 2021…
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A record 4.3 million workers quit their jobs in August, led by food and retail industries
Job openings declined sharply in August while hiring also fell and the level of workers quitting their jobs hit the…
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Millennium memo warns staff to log personal crypto trades with compliance
Millennium Management sent a memo to staff telling them to disclose any personal trading in cryptocurrencies to the hedge fund giant’s…
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JPMorgan’s Jamie Dimon on when the shortage crisis will end, and why bitcoin is ‘worthless’
Daily headlines point to a shortage of goods all over the world, amid escalating fuel prices and limited supply. But…
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Credit Suisse delays report into Greensill following police raid
Credit Suisse has delayed the release of findings from a report into the collapse of $10bn in investment funds it…
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Ex-Chancellor Hammond takes plunge into crypto space with Copper adviser role
Former Chancellor Lord Philip Hammond has become the latest high-profile politician to join the crypto craze as he takes an adviser…
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Gas crisis a win for Centrica as energy investors see deal spree
UK fund managers see the UK’s gas crisis as a boon to the largest listed energy companies. The gas crisis…
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Inside Nomura’s ambitious plan to take on Wall Street: ‘Clients will pay for the best bankers’
Nomura is making a “very significant” push to hire junior and senior dealmakers, as the Japanese lender embarks on an…
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Woodford fund collapse widens Kent County Council loss to £84m
Kent County Council is facing an £84m loss on its investment in the failed flagship fund once overseen by fallen…
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Trading Places: Credit Suisse and BofA add FIG bankers, Nomura’s McDermott rises
Credit Suisse’s hiring hasn’t slowed even after the twin crises of Archegos and Greensill. While the bank said it was looking to bolster…
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EQT says inside info handled ‘correctly’ after Swedish probe sends shares tumbling
The Swedish financial regulator has launched an investigation into suspected market abuse by EQT, Europe’s largest listed private equity firm.…
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Clearing houses face uncertainty of short-term EU access deals in post-Brexit UK
The UK clearing industry needs to brace for the uncertainty of repeated extensions to post-Brexit rules with the European Union, a…
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