securities
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Weekend reads: Should you invest in a bitcoin ETF?
A groundbreaking development in exchange traded funds this week has Mark DeCambre, the author of the ETF Wrap column, answering…
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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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Amundi chair Yves Perrier named Editor’s Choice in FN’s Asset Management Awards
Financial News announced the winners of its Asset Management Awards 2021 on 21 October. This year’s Editor’s Choice award went…
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Five things in crypto this week: bitcoin ETF, inflation and FTX’s $25bn price tag
In the week that saw bitcoin reach a new all-time high, investors and financial professionals alike were kept busy in…
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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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Deutsche Bank whistleblower awarded $200m prize for libor tip-off
A whistleblower whose information helped US and UK regulators investigate manipulation of global interest-rate benchmarks by Deutsche Bank was awarded…
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Fed announces new rules to restrict trading by top officials
The Federal Reserve on Thursday announced what it said was a “broad set” of new rules that will prohibit the…
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Virginia governor’s race could give ‘flashing red warning sign’ for Democrats — and shift market sentiment
That’s an overstatement, but the governor’s race in the Democratic-leaning state is drawing considerable attention this fall, with analysts connecting…
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Blackstone profits nearly double in third quarter
Blackstone’s net income nearly doubled in the third quarter, driven by strong investment performance for its largest strategies and continued expansion…
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Cryptocurrency exchange FTX hits $25bn valuation in funding round
Cryptocurrency exchange FTX reached a valuation of $25bn in a new funding round that includes heavyweights from traditional finance, such…
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Mobius warns ‘crypto could really blow up’: central banks should pay attention
Mark Mobius, the veteran emerging markets investor, warned of a potential cryptocurrency collapse that would be felt across global stock markets. “Cryptocurrency…
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Barclays’ dealmakers post record quarter amid M&A boom
Barclays dealmakers hauled in record fees during the third quarter as the UK lender followed Wall Street rivals with record…
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Zopa gains unicorn status as SoftBank leads $300m funding round
British digital bank Zopa is now a billion-dollar company, gaining the coveted unicorn title after raising $300m from major Japanese technology…
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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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Fund bosses see ‘Darwinian forces’ spurring M&A deals
The pace of merger and acquisition activity won’t let up, say some of Europe’s top fund bosses. They predict asset managers…
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Bitcoin hit a record high and could go further still, analyst says
Bitcoin has risen above $66,000, recording a record high on 20 October, after ProShares Bitcoin Strategy ETF, the first bitcoin-linked…
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Goldman Sachs teams up with American Express to take on transaction banking rivals
Goldman Sachs has teamed up with American Express for a technology upgrade to its nascent transaction banking business, as the…
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Dow, S&P 500 touch record-high territory Wednesday, with Tesla earnings due after the close
U.S. stock indexes saw modest gains Wednesday morning, but they were sufficient to push the S&P 500 index and Dow…
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BlackStone acquires majority stake in shapewear firm Spanx
Blackstone is buying a majority stake in Spanx, becoming the first outsider to put money into a company that revolutionised…
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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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BNY Mellon’s fee revenue up 8% in third quarter
Bank of New York Mellon reported a higher third-quarter profit, as a robust stock market, busy clients and new business…
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Vanguard’s UK retail platform is proving to be a hit with under 30s as assets swell to £9.5bn
Investment platforms have experienced a surge in trading volumes since the start of the Covid pandemic, fuelled by younger investors seeking…
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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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The UK government roped in bigwigs from HSBC, Citi and Morgan Stanley to help solve Brexit. Will it work?
Back in April, the government announced it was forming an Investment Council to help boost investment into the UK in…
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Lawyers warn of legal risks as Goldman, JPMorgan relax Covid safety in offices
Lawyers warn that City firms that opt to scrap social distancing requirements in the workplace could face a surge in employment…
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Short-seller Carson Block on GameStop, China and why a market crash could be ‘much larger, much faster’ than ever
Short-seller Carson Block, founder and chief investment officer of Muddy Waters Capital, spoke with Financial News in a Barron’s Live…
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Ex-Goldman trader who jumped to crypto says Wall Street is catching on
Making the jump from Wall Street to bitcoin is easier said than done in 2021, but Kraken’s Juthica Chou took…
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ProShares bitcoin ETF debuts high at NYSE opening
The bitcoin-linked exchanged traded fund, ProShares Bitcoin Strategy ETF, was trading higher on the morning of 19 October but off…
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First bitcoin futures ETF ticks up as opening-day trading continues
The first bitcoin-focused exchange-traded fund rose modestly in its debut on 19 October. The ProShares Bitcoin Strategy ETF was up 2% in…
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Hungover City traders’ Friday bacon sandwich run among WFH casualties
The bacon sandwich run is a City of London ritual for hungover traders who stumble into the office late on…
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How a City fund manager’s idea to hire 100 Black interns spread to Goldman, Google and TikTok
Ami Ophelia-Brown submitted over 300 job applications during her final year at the University of Northampton, from where she graduated…
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U.S. stocks push higher as earnings season rolls on
U.S. stocks pushed to the upside again Tuesday, after the largest four-day stretch of gains since late July for both…
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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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Apollo sets $1tn asset target as battle with Blackstone heats up
Apollo Global Management said it expects its assets under management to double to about $1tn by 2026, setting up a race…
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Goldman tops bumper quarter for dealmakers with $1.6bn in M&A fees
Goldman Sachs capped a stellar third quarter for dealmakers by posting a 225% increase in M&A fees, and staved off…
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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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HSBC execs become ‘Dragons’ in quest for ideas in Europe
HSBC is launching a ‘Dragon’s Den’-style competition for staff within its European investment bank to pitch new ideas for bolstering…
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Here’s what’s in Democrats’ big social-spending bill — for now
Negotiations continue among Democratic moderates and progressives over President Joe Biden’s “Build Back Better” plan, a sweeping proposal targeting “human…
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Bitcoin price soars as hype grows over futures ETF
Bitcoin prices surged over the weekend and pushed higher Monday amid expectations that an exchange-traded fund tracking futures contracts for…
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Blackstone, KKR fuel record $26bn in Wall Street fees as PE boom seen raging on
Bankrolling private equity is big business for Wall Street. The world’s biggest banks have pulled in a record $26bn in fees advising…
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Fund management chiefs say tech will drive change as pressure builds on ESG
Technology will be a key driver of change in the asset management industry over the coming years, according to senior executives,…
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Fintech frenzy to stall as talent war and Europe’s IPO slowdown hurts startups
Record levels of private and venture capital funding for European fintech companies could diminish next year as mature startups focus…
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Goldman gets approval for full ownership of key unit in China
Chinese regulators approved Goldman Sachs Group’s application to take full ownership of a key local unit, another step in China’s gradual opening…
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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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First U.S. Bitcoin ETF looks set to debut Monday or Tuesday from ProShares Trust
ProShares looked set to offer the first bitcoin BTCUSD, -1.94% exchange-traded fund, marking a major milestone in the crypto sector…
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Excitement over an ETF to track bitcoin drives the crypto to $60k
Bitcoin hit $60,000 on 15 October for the first time since April, as traders anticipate US regulators will approve the first…
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The Reddit crowd has found a new tactic in the war against Wall Street: cutting brokers out altogether
A percolating theme among retail investors came to a boil on Thursday and some meme stocks ended the day simmering …
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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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Kraken’s Juthica Chou: Why crypto in mainstream will help shift to options and ETFs
Investing in cryptocurrencies isn’t for the faint-hearted, and tackling the market with complex instruments such as derivatives is an even…
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