New Products/Services
- Finance
Citigroup launches new VC and family office team with Tobi Ali at the helm
Citigroup is launching a new team of dealmakers to focus on venture capital firms and family offices, the latest appointment…
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Grayscale launches ETF in Europe to track ‘future of finance’ stocks like Coinbase, Robinhood
Grayscale is launching its first European ETF, the Grayscale Future of Finance UCITS, which will list on the London Stock…
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Linklaters rolls out global menopause policy for staff
Law firm Linklaters has set out a global menopause policy to provide support for employees going through it, raise awareness…
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Apollo pushes into funds for wealthy investors
Apollo Global Management said it will release a slate of funds designed for individual investors, making it the latest alternative-asset…
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Facebook Struggles With E-Commerce as Meta Looks to Revamp its Ads Business
Facebook FB -0.42% parent Meta Platforms Inc. FB -0.42% developed e-commerce services in 2020 as people shopped more from home…
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Robinhood sales drop 43% as users leave
Robinhood’s revenue fell to $299m in the first quarter, a decline of 43% from the same period last year and the…
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How Gilead is positioning Veklury against COVID-19 antivirals like Paxlovid
Gilead Sciences Inc. GILD, -0.29% has steadily expanded the use of Veklury while much of the nation’s attention has shifted…
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CNN+ Streaming Service Is Shutting Down a Month After Launching
CNN is shutting down its direct-to-consumer streaming service CNN+ about a month after it launched, a remarkably fast reversal that…
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Madison Avenue Loves the Idea of a Netflix With Ads
The advertising industry welcomed Netflix Inc.’s NFLX -35.12% decision to explore offering a lower-priced ad-supported version of its service, a…
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UBS hikes pay for Wall Street analysts to $110,000
UBS has hiked salaries for its junior bankers for the second time in a year, bringing it in line with…
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FCA and competition watchdog among regulators charged with open banking oversight
A new committee of regulators including the Financial Conduct Authority and the Competition and Markets Authority will oversee how open…
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Schroders teams up with Lloyd’s of London for new investment platform
Schroders Solutions, a new division unveiled by the UK-listed asset manager last month, has partnered with Lloyd’s of London to…
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Ogier to launch in Ireland with Leman deal as Dublin heats up post-Brexit
Offshore law firm Ogier is set to enter an Irish legal market that has boomed since Brexit by taking over Dublin firm…
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City competition review pushed back again as firms face further investigation
The Competition and Markets Authority has extended its review into suspected anti-competitive arrangements in the City again, as firms face the prospect…
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BlackRock’s iShares boss says the firm is in no hurry to launch crypto ETFs
One of BlackRock’s top executives has ruled out an imminent foray into crypto exchange traded funds, citing an “opaque” regulatory…
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PwC and Microsoft partner on digital banking cloud solution
Audit firm PwC launched a new digital banking solution as part of its ongoing partnership with tech giant Microsoft. The product, which…
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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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Ex-Wise employees raise $10m to build Europe’s answer to Robinhood
Two former employees of British fintech firm Wise have raised $10m to fund Europe’s answer to Robinhood, bringing on board…
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Morgan Stanley launches recruitment programme to improve Black and gender diversity
Morgan Stanley has launched a new recruitment programme aimed at hiring more Black and female candidates with experience outside of…
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Revolut plans 2021 credit card launch in bid to crack US market
Revolut intends to launch a credit card for its US users as soon as the end of this year, as…
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Why Jump’s retail move to pull in the likes of the Reddit army could be a hit
The move by Jump Trading Group to launch a new business unit to execute stock orders on behalf of retail investors…
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Former LSE boss Xavier Rolet unveils new $200m Spac
The former chief executive of the London Stock Exchange, Xavier Rolet, is leading a new blank cheque vehicle that counts…
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Argo Blockchain co-founder launches London IPO of new crypto company
A co-founder of Bitcoin mining company Argo Blockchain is set to launch the initial public offering of a new crypto…
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