marketwatch
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Government hits back at ‘race to the bottom’ claims as battle over future of City rules rages on
Chief secretary to the Treasury John Glen has hit back at critics of the government’s ‘Big Bang 2.0’ plans for…
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Bank of America CEO says dealmaker fees down by up to 60% in fourth quarter
Bank of America chief executive, Brian Moynihan, said that investment banking fees at the bank will slide by up to 60%…
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‘Exaggerated’ pandemic benefits fuelled ‘excess demand,’ driving steeper rate hikes: Scotiabank
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Robinhood to offer retirement accounts to users who love long-shot bets on risky assets
Robinhood said on 6 December it will start offering retirement accounts, in a plan to convince the next generation of…
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Bea Bruske: Bank of Canada should pause rate hikes now to avert a manufactured recession
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Former Barclays boss Bob Diamond ends Spac tie-up with crypto firm Circle
A blank cheque company headed by former Barclays boss, Bob Diamond, has called off its planned merger with crypto firm…
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Interest rates are going up this week: What you need to know about the Bank of Canada decision
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
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FTX’s bankruptcy triggers global squabbles over ownership and control of crypto firm’s assets
The collapse of cryptocurrency exchange FTX has opened a hornet’s nest of squabbles between foreign governments and its new US chief executive,…
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Saudi prince sets sights on Credit Suisse spinoff
Saudi Arabia’s crown prince and a US private-equity firm run by Barclays’ former chief executive are among investors preparing to invest…
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November unemployment fell for Hispanic workers and Black women, while holding steady overall
A Now Hiring sign at a Dunkin’ restaurant on September 21, 2021 in Hallandale, Florida. Joe Raedle | Getty Images…
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Here’s where the jobs are for November 2022 — in one chart
The U.S. job market beat expectations again in November, adding 263,000 payrolls led by the service sector. Leisure and hospitality…
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Credit Suisse loses secondary-advisory executive to Baird
One of the most senior secondary private equity bankers at Credit Suisse has left the investment bank, according to several…
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The unbearable uselessness of crypto
Andrés Velasco, a former presidential candidate and finance minister of Chile, is dean of the School of Public Policy at…
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Key inflation measure that the Fed follows rose 0.2% in October, less than expected
A man climbs into the fridge for milk at a Walmart store in Rosemead, California on November 22, 2022. Frederic…
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There are 50 million people in modern slavery – the City ‘can and should do more’
The City must step up to tackle modern slavery, according to leading campaigners, amid warnings the UK government is failing to prevent a…
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Why overstaffed teams and bad attitudes mean junior banker jobs are under threat
At the height of the 2008 financial crisis when banks fired tens of thousands of staff, junior bankers who were…
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Why early Alameda staff quit over Sam Bankman-Fried’s approach to risk
Years before Sam Bankman-Fried’s crypto empire collapsed, a group of employees quit in a power struggle — after becoming concerned about…
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Julius Baer hit with £18m fine over Russia dealings
UK regulators fined Swiss private bank Julius Baer more than £18m for improper dealings with Russian companies dating back more…
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BNP Paribas eyes move into private credit as leveraged lending dries up
BNP Paribas is eyeing a move into private credit, which could provide an alternative source of funding for major M&A deals as traditional…
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BlackRock’s Europe boss: We’re exploring digital assets in Emea
BlackRock, the world’s largest asset manager, has started to assess how the plumbing underpinning the crypto market can be applied…
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KPMG plans £5.5m post-Covid office makeover for 1,200 Manchester staff
KPMG UK is investing £5.5m in an overhaul of its Manchester office aimed at boosting collaborative working. The firm said…
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Six keys to unlocking a new era of place-based federal investment
The first years of the 2020s have forced the United States to contend with a litany of major issues, including…
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Meet Goldman Sachs’ first Bangladeshi partner as US bank aims to diversify upper ranks
Goldman Sachs promoted a record number of non-whites and women to its elite ranks in its largest partner class for…
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BlockFi files for bankruptcy as crypto rout claims latest victim
Cryptocurrency lender BlockFi filed for bankruptcy on 28 November, making it the latest major digital assets company to fail since…
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Trading Places: RBC’s new Germany sponsor head, Morgan Stanley’s Franck Petitgas steps down, Allen & Overy bolsters team
This week marked Financial News’ celebration of 100 women who made the cut to be on a ranking of Europe’s most…
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Hedge funds’ 2 and 20 fee structure is facing challenges, former Bridgewater exec says
As hedge funds battle plunging equity markets, rising inflation, and large outflows, they are set to face another challenge next…
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Tiff Macklem acknowledges the Bank of Canada is losing money for first time
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FTX hires former regulators to investigate what led to the crypto giant’s bankruptcy
Cryptocurrency exchange FTX, whose recent collapse has led to questions about lacking regulatory oversight, has hired a fitting team to…
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Peter Hall: Why inflation is not really the problem
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Vass Bednar: Digital ads are a desperate gamble in a fantasy economy
Breadcrumb Trail Links Retail & Marketing News Economy Digital advertising is about as useful as making medical decisions by shaking…
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Pensions for Purpose’s Charlotte O’Leary: Can white, male, over-50 trustees represent a fund’s youngest members?
Charlotte O’Leary was fed up — she’d spent over a decade at large asset management firms and investment consultants. She was…
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The SEC rule that stands to cost FTX crypto customers billions
Hal Scott is an emeritus professor at Harvard Law School and director of the Committee on Capital Markets Regulation. John…
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Hedge funds fall for Dubai over lower tax rates, softer regulation — portfolio managers want in
London hedge funds are joining a trend of investment firms looking towards Dubai for expansion, lured by lower tax rates, softer…
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The age of the toxic boss is over: Workers aren’t willing to suffer for a paycheque anymore
Breadcrumb Trail Links Work News Economy Victoria Wells: Mass resignations at Twitter prove bosses shouldn’t underestimate the power of the…
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Convicted Libor rigger Tom Hayes files fresh submission to overturn prosecution
Convicted Libor rigger Tom Hayes has made a new submission for his case to be reviewed by a UK body…
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Bain Capital snares Ropes & Gray London boss for top European legal role
Private equity firm Bain Capital has hired US law firm Ropes & Gray’s London boss for a senior role in…
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EY partner vote on firm’s split pushed back until 2023
EY’s partner vote on its split between its audit and consulting arms is set to be pushed back until next…
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FTX’s 50 largest creditors owed $3.1bn
FTX owes its 50 largest creditors about $3.1bn, the failed cryptocurrency exchange said in a bankruptcy court filing on 19…
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New legislation and research reaffirm the importance of regional public universities for local economies
Regional public universities (RPUs) are public, four-year, community-oriented universities, and they have long been anchor institutions for regions across the…
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Trading Places: Evercore and BNP bulk up, Rokos bags ex-Brevan Howard manager
Evercore hired Richard Hoyle from Lazard, where he headed the independent investment bank’s UK technology, media and telecoms business. He joins as…
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A tsunami of negative indicators should have worried advisers years ago
Patrick Ghali is managing partner of hedge fund advisory Sussex Partners It is striking how investors reading research reports produced…
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Why the Bank of England is struggling to calm markets
A crisis in UK government debt markets accelerated after a fresh attempt by the Bank of England to extend support…
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FTX staff vent their anger as collapse leaves them in shock
One FTX executive vomited when he learned that the crypto exchange was missing billions of dollars of customer money. A company lawyer…
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Germany leapfrogs UK to become Europe’s most shorted market as recession fears surge
Germany just leapfrogged the UK to become the most shorted market in Europe as economic worries grip the continent. The German market…
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FTX liquidity crisis forces crypto hedge funds into rethink
Crypto hedge funds are changing how they work with exchanges around settlement and asset safeguarding, after a liquidity crunch pushed FTX to the…
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Goldman Sachs names 80 partners – here are the names
Goldman Sachs has promoted 80 to partner, a coveted senior role at the US banking giant that comes with a…
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‘A complete failure of corporate controls’: Six takeaways from FTX’s latest bankruptcy filing
The new bosses of Sam Bankman-Fried’s failed crypto empire FTX have submitted their first report on the state of play…
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Come from away: Ukrainian refugees help Newfoundland and Labrador companies soar
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
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Bank of England affirms end of bond-buying plan after report of possible extension
The Bank of England confirmed that its emergency bond-buying scheme will end on 14 October, after a Financial Times report…
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Columbia Threadneedle freezes UK property fund as cash balance dwindles
Columbia Threadneedle has frozen trading in one of its retail UK property funds after a depletion in the amount of…
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