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Back to the office — Here’s what we know about who’s going back and when
That’s the official UK government line before the fourth and final step of its road map come 21 June, when the Prime Minister…
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Linklaters elects first female senior partner as Comiskey wins leadership race
Linklaters has elected global corporate head Aedamar Comiskey as its new senior partner, becoming just the second Magic Circle law…
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Lex Greensill: I take ‘full responsibility’ for my firm’s collapse
Lex Greensill, founder of the eponymous supply chain finance firm Greensill Capital, apologised for the company’s collapse and took full responsibility…
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FCA staff back management despite recent crises
FCA staff say they are a third more likely to go the extra mile than before the pandemic, according to…
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City tube travel crashes 90% amid Covid crisis
Footfall across the City’s tube stations has crashed to as little as 10% of its pre-crisis level, figures provided to…
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Can central bank digital currencies and bitcoin co-exist?
Bank of England boss Andrew Bailey recently said cryptocurrencies hold no intrinsic value, and warned investors to buy them “only…
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Cameron only concerned about Greensill as late as December, inquiry hears
Former Prime Minister David Cameron has said that he first became concerned that Greensill Capital might be in “serious financial…
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Jamie Dimon’s Zoom fatigue is a sign home-working backlash is coming
Jamie Dimon has had enough of Zoom, and he’s not the only one. The JPMorgan boss said he’s keen to…
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Just 3% of asset manager CEOs are female – report
Among the world’s 50 biggest asset managers, just 3% of chief executive officers are women, a report by recruitment firm Heidrick…
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UBS to pay analysts a $40k promotion bonus as junior talent war increases
UBS is paying its junior bankers a one-off bonus of $40,000, nearly double some of its rivals, as investment banks…
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Junior bankers at Stifel to get a $10,000 bonus, even if they quit
Independent investment bank Stifel is offering analysts a $10,000 “appreciation” bonus, even if they have already announced their resignation, in…
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Symphony new CEO Brad Levy on how 100-hour weeks at Goldman set him apart
Brad Levy has big changes planned for Symphony, the $1.4bn financial communications provider he is soon to take over. With…
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Elon Musk is thinking of taking dogecoin as payment for Tesla cars
Eccentric billionaire Elon Musk is considering accepting dogecoin as payment for products at electric car firm Tesla, months after introducing…
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Goldman juniors’ 100-hour weeks and the plight of young bankers — Here’s what you need to know
It all started with an explosive leaked survey from 13 Goldman Sachs analysts, whose complaints of shocking workloads and brutal…
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‘Stars aligning’ for boom in law firm IPOs in white hot London market
Deliveroo’s flopped IPO and concerns about restrictive listing rules in London have led to fears that the City could be…
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City risks losing tech IPO battle to New York, report warns
The UK must take urgent steps to improve London’s attractiveness as a destination for tech company listings over New York, a…
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Should investors care about crypto? Here’s what the experts say
Cryptocurrencies have continued their meteoric rise in recent weeks, with alternative players such as ether and dogecoin gaining ground on…
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UK lockdown roadmap: Green light for Step 3 — here’s what’s next
The government has confirmed that the UK will move on to the next stage of its economic reopening. Under Step…
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Government sells down another 5% of NatWest stake
The Treasury is selling down another 5% of its stake in NatWest Group. The bank remains majority state-owned, but the…
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Kirkland & Ellis poaches Clifford Chance private equity star
Kirkland & Ellis has hired Clifford Chance private equity rising star Gregory Scott as a partner in its London office. Scott…
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Jefferies hires two Deutsche Bank veterans amid Spac boom
Jefferies has hired two senior Deutsche Bank equity dealmakers, another sign that competition for talent in the sector is heating…
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Activist Bramson sells entire 6% stake in Barclays
Activist investor Sherborne Investors has sold its entire stake in Barclays, ending a three-year battle with the UK lender’s chief…
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Pharma investors scoff at Covid vaccine patent waiver: ‘We are not convinced’
Fund managers holding healthcare and pharmaceutical stocks have questioned the US government’s decision to support a waiver on Covid vaccine…
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UBS exploring offering cryptocurrencies to wealthy clients
UBS is looking into offering its wealthy clients access to cryptocurrency investments, in the latest example of a large bank…
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Here are the odds on dogecoin hitting $5, despite Elon Musk’s ‘hustle’ remark
The likelihood of dogecoin surpassing $5 in value by the end of this year is increasing, jumping week-on-week despite a…
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Goldman Sachs: Buy the return-to-office boom
Investors should keep their eyes on office developers as staff begin returning to the workplace, Goldman Sachs has said. The return to…
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Societe Generale aiming for greater profit from investment bank division
Societe Generale SA is targeting a higher profitability for its global banking and investor solutions unit, which includes investment banking…
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If you ‘sell in May’, stick around for the summer
Should you dump all your stock market funds on the first of May, go away, and come back again for…
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Melinda Gates started divorce talks with lawyers in 2019
The split between Bill and Melinda Gates, announced last week, has been in the works for a long time. Gates…
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KPMG sued for more than £6m by property company
KPMG has reportedly been sued for more than £6m by property company Mount Anvil, which said it was hit with…
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Sadiq Khan wins second term in tight London mayor race
Sadiq Khan has emerged victorious in the race to become London’s next mayor. The Labour candidate received 40% in the…
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Boutique Bacchus Capital expands into North America with veteran dealmaker hire
A boutique advisor set up by the former head of European investment banking at Jefferies four years ago, is opening…
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Citigroup mulling crypto service for clients
US bank Citigroup is considering the introduction of cryptocurrency services as institutional interest in digital currencies increases. Itay Tuchman, the…
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UK to ease restrictions from 17 May – here’s what you can and can’t do
The government has confirmed that it plans to ease Covid restrictions on 17 May. In a press conference on Monday…
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UK adds 12 countries to travel ‘green list’ from 17 May
UK residents will be able to visit 12 countries or territories from 17 May without having to quarantine on return,…
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London mayoral election: What are the candidates’ plans for the City?
Londoners will soon be heading to the polls to decide who their next mayor will be. The pandemic has been…
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Trading places: Hires for Bank of America, Allen & Overy and Cboe Europe
Bank of America hired a senior dealmaker from Citigroup in Paris as it continues to build up its presence in…
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KPMG appoints new audit head as senior changes continue
KPMG UK has appointed Catherine Burnet as its new head of audit, replacing Jon Holt, who was elevated to chief…
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Irish investment bank Davy hires five as it eyes UK expansion post-Brexit
Ireland’s biggest stockbroker, Davy, has named five new senior hires for its London operation and plans to bolster its UK…
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Winklevoss, Musk, Cuban: Here’s who’s backing dogecoin
Dogecoin is everywhere, dogecoin is life. Or at least, that’s what some of its biggest supporters think. The cryptocurrency, first…
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BNP Paribas hires Goldman Sachs banker Heuer to bolster ECM team
BNP Paribas hired a top Goldman Sachs equity capital markets banker as revenues in the sector continue to surge on…
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Cboe poaches BofA’s Tiefenbrun to head European equities unit
Exchange operator Cboe Europe has hired Natan Tiefenbrun as senior vice president, head of European equities. Tiefenbrun is joining Cboe…
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Allen & Overy swoops on Linklaters for double partner hire
Allen & Overy has made a rare double partner hire from Magic Circle rival Linklaters in London, bringing in two…
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Numis plans investment bank expansion after record start to the year
City broker Numis more than doubled investment banking fees in the first half of its fiscal year as UK initial…
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FCA unveils new fund structure for illiquid assets
The UK regulator has unveiled plans for a new fund structure that would allow investors to allocate money more efficiently…
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Tech giants shift to hybrid working as Coinbase ditches Silicon Valley base
Tech companies are moving towards a hybrid working strategy, phasing in plans for remote working as some opt to ditch…
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PayPal wants customers to embrace cryptos for payment
PayPal Holdings is looking to expand its lucrative business of enabling customers to pay merchants with crypto assets, but the…
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FCA fines boutique investment bank Sapien Capital in first cum-ex trading case
The Financial Conduct Authority has fined boutique investment bank Sapien Capital £178,000 for failing to identify financial crime relating to…
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JPMorgan just promoted 52 to MD in Europe — Here are the names
JPMorgan has promoted 52 people to managing director within its corporate and investment bank in Europe, the Middle East and…
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Jamie Dimon is about to cancel all his Zoom meetings
The chief executive of JPMorgan is “done” with Zoom meetings and full-time working remotely. “I’m about to cancel all my…
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