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Traders are wondering what happened to TerraUSD’s $3bn war chest
The collapse of the cryptocurrency TerraUSD has traders wondering what happened to the $3bn war chest meant to defend it.…
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Bernanke: Why the Fed Didn’t Act Faster to Rein In Inflation
The pandemic scrambled usually reliable indicators of labor market strength, writes former Federal Reserve Board Chair Ben Bernanke, pictured in…
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Suspect in Goldman Sachs employee shooting arrested
A suspect has been arrested in the unprovoked shooting of Daniel Enriquez on a Manhattan-bound Q train. Andrew Abdullah, 25,…
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FRC blasted over ‘joke’ sanctions for junior KPMG staffer in Carillion case
Junior accountants have criticised the audit regulator for its “harsh” pursuit of ex-KPMG junior Pratik Paw, who is facing a…
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StanChart says 48,000 bankers are working hybrid after pandemic overhaul
Close to 48,000 Standard Chartered employees are now working in a formal hybrid pattern after the bank overhauled its working…
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Jim O’Neill: Recession is coming, but we can still stop the worst of it
Jim O’Neill, a former chair of Goldman Sachs Asset Management and a former UK treasury minister, is a member of…
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The SEC’s proposals for private equity: Where next?
US regulators’ planned private-equity overhaul has received rave reviews from most institutional investors. But some still see a few rough…
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KKR continues Asia push as PE giant closes new credit fund
KKR said 25 May that it has closed a new credit fund focused on the Asia market, as the New York-listed investment…
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Zoom Still Needs the Little People
Zoom’s revenue growth from online customers has been slowing notably over the last few quarters. Photo: Justin Sullivan/Getty Images The…
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City heavyweights sour on Boris Johnson after ‘Partygate’
City heavyweights are losing patience with Boris Johnson after the ‘Partygate’ scandal, as support dwindles for a Prime Minister facing calls…
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Make post-Brexit rules more competitive for City banks, government told
The government is under pressure again to ensure the City can prosper on the global stage in the wake of…
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Jefferies calls senior dealmakers to return to the office to mentor ‘abandoned’ juniors
Jefferies has called on its senior bankers to return to the office to help mentor those in the junior ranks…
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Magic Circle law firms promote record numbers of female partners as diversity drives take hold
Magic Circle law firms have promoted record numbers of female partners this year, as the legal sector seeks to improve…
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Magic Circle’s record partner numbers show push to keep stars: ‘Good people could get poached away’
London’s Magic Circle law firms have promoted record numbers of partners in 2022, amid surging demand for legal services and…
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The Fintech Files: Kalifa’s rallying cry, pro traders pick bitcoin and Klarna to axe jobs
A little over a year ago, Ron Kalifa’s review into Britain’s fintech scene landed – and it caused quite a…
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Glass Lewis urges DWS shareholders to vote against CEO pay package
DWS shareholders have been told to vote against the pay package of chief executive Asoka Woehrmann, with influential proxy adviser…
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Nomura eyes 15 tech dealmaker hires as march on Wall Street gathers pace
Nomura is building a team of up to 15 senior dealmakers to tackle the digital and software sectors, part of…
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Cenkos scores five hires to bolster growth
Institutional stockbroker Cenkos has scored five new hires as it looks to grow its corporate finance, sales and research teams. Former head…
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Mark Mobius sees bitcoin plunging to $10k: ‘Buy the dip will not work’
Veteran emerging markets investor Mark Mobius has warned investors not to “buy the dip” following the latest crash in bitcoin’s…
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Shooter of Goldman Sachs researcher still at large as police hunt suspect
Police are still searching for the man who shot dead a Goldman Sachs staffer on the New York subway on…
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KPMG fined £3.4m over ‘serious failures’ in Rolls-Royce audit
KPMG has been fined £3.4m and issued a severe reprimand by its regulator for “serious failures” in its audits of…
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Davos will not be the same with no-shows and no snow
There will be something very different about the World Economic Forum’s schmooze-fest in Davos this year. Not only is it…
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HSBC plans trader hires as part of first foray into carbon market
HSBC is looking to enter the voluntary carbon market for the first time, joining Citigroup, BP and Shell as the…
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Clifford Chance boosts junior lawyers’ pay to £125,000
Magic Circle law firm Clifford Chance has raised its pay for freshly qualified lawyers to £125,000 per year. The firm…
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GameStop rolls out digital wallet for NFT tokens and crypto
GameStop launched a digital wallet for cryptocurrencies and nonfungible tokens, pushing further into a buzzy area as it looks to…
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Klarna plans to lay off 10% of workers due to poor market conditions
Buy-now-pay-later giant Klarna is to lay off about one-in-10 of its employees, as the company fights against a worsening economic…
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Didi Says It Will Proceed With Delisting From NYSE
Didi’s American depositary receipts have plunged from their initial public offering price. Photo: BRENDAN MCDERMID/REUTERS Updated May 23, 2022 9:36…
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Davos throws up wardrobe challenges as leaders descend on a warmer WEF
As chief executives, world leaders and billionaires converge in the Swiss Alps for the first World Economic Forum annual gathering…
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Banking giants told to move staff to Europe as ECB Brexit review finds ‘empty shells’
A major European Central Bank review has slammed banks for not shifting enough resources to the EU in the wake…
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Ex-BitMEX CEO sentenced over money laundering compliance failure
Arthur Hayes, a co-founder and former chief executive of cryptocurrency derivatives exchange BitMEX, has been sentenced to serve six months…
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Why some advisers tell young advisers the dip ‘is your friend’ amid market swings
The Dow is on track for its eighth straight weekly fall, the longest stretch since April 1932 How low can…
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Sweden, Finland Weigh Cyber Risks Stemming From NATO Applications
Authorities in Sweden and Finland have raised alert levels for cyberattacks, concerned they face increased hacking risks because of the…
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Bitcoin and other cryptocurrencies are rallying — watch out for another downward move
Bitcoin and other cryptocurrencies were rallying on 20 May as digital assets continued a recent outperformance of stocks, though there are…
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Competition watchdog faces post-Brexit staffing crisis as auditors call for stress tests
The Competition and Markets Authority is struggling to recruit specialists in the wake of Brexit, a new report by the…
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City influencers celebrate Financial News’ 25th anniversary
Some of the highest-profile names in the City gathered to mark 25 years of Financial News on 17 May. From…
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Richemont FY22 Sales EUR19.18B
By Joshua Kirby Compagnie Financiere Richemont AG on Friday posted strong sales growth and profitability for fiscal 2022, despite geopolitical…
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