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Yanis Varoufakis: How the West poisoned its money after the crash
Yanis Varoufakis, a former finance minister of Greece, is leader of the MeRA25 party and professor of economics at the University of…
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Fed vice chair Brainard warns on inflation, financial stability risks
A senior Federal Reserve official said the central bank was attentive to financial tremors that could result from aggressive interest…
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Societe Generale names investment bank boss Krupa as next CEO
Societe Generale has chosen investment bank boss Slawomir Krupa as its next chief executive as Frédéric Oudéa prepares to step down…
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Ex-Bank of England governor Mark Carney blames Truss’s ‘partial budget’ for ‘big knock’ on UK economy
Mark Carney said the UK’s financial system has taken a “big knock” after major tax cut and spending announcements by prime…
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Barclays agrees to pay $200m to settle SEC charges over botched debt sale
Barclays agreed to pay a $200m fine to settle Securities and Exchange Commission charges stemming from a flubbed debt sale…
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Trading Places: Morgan Stanley’s new Europe dealmaking chief, Credit Suisse’s senior hires, JPMorgan’s ECM shake-up
It’s been a pretty busy week for movers and shakers in the City. Here’s the shifts you need to know…
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City bankers take gongs at annual awards for Black British businesses
The City’s top Black professionals and rising stars were honoured at a celebration of business talent on 29 September. In…
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China cautions JPMorgan, Goldman over politically sensitive research ahead of Communist Party meeting
HONG KONG — China’s securities regulator has told investment banks operating in the country to avoid publishing politically sensitive research…
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Hedge funds with macro bets see biggest yields after years of mediocre gains
Hedge funds that bet on macroeconomic shifts have been a rare bright spot in a dismal market, racking up their…
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Deloitte partner pay passes £1m as consulting leads profit upwards
Deloitte’s UK partners will be paid an average of more than £1m for the latest financial year after the firm…
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Private equity’s rising stars gather for exclusive Mayfair dinner as Financial News celebrates sector’s top talent
The next generation of private equity leaders gathered at an exclusive Mayfair dinner on 27 September to celebrate the very best…
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Bank of England intervenes to buy bonds amid pound chaos: ‘It looks pretty ugly’
The Bank of England will intervene in the market chaos engulfing the pound, with a plan to purchase long-dated UK…
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Jupiter veers to record low just as new boss Beesley preps to take charge
Jupiter Fund Management shares were on track for a record low on 28 September, just days before new chief executive Matthew Beesley…
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Q&A with Pinnacle boss Ian Macoun: Fear and greed drive markets. They are gripped by fear at the moment
Australia-based Pinnacle Investment Management was founded by Ian Macoun in 2006, after he spent a period working in the country’s…
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JPMorgan installs Mangla as ECM chief as Millman moves to chair role
JPMorgan shook up the senior ranks of its equity capital markets business, naming a new sole head of the unit…
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Plum becomes latest fintech to move into crypto with Bitpanda deal
Plum has become the latest fintech to dip its toes into digital assets, with plans to offer European customers crypto…
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Porsche IPOs with €75bn market cap, Germany’s largest in decades
Shares in luxury vehicle maker Porsche edged higher in its first day of trade on 29 September, after pricing at…
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Rothschild & Co hires JPMorgan’s Swiss dealmaking chief Bossart
Rothschild & Co has hired JPMorgan’s head of Switzerland to lead its investment banking unit in the country. Nick Bossart…
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Private equity firms face valuation and debt dilemmas after sterling’s crash
Private equity firms have been racing to shore up their portfolios and re-think future deals during a frenzied week of…
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BlackRock launches blockchain ETF for European clients
BlackRock has continued to increase its presence in the digital assets space by launching a new European blockchain exchange traded…
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What the BoE’s intervention did to the run on global government bonds
A wild run for global government bonds took an unexpected turn on 28 September after the Bank of England stepped in…
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Here’s why the Bank of England had to act
The recent chaotic swings in the British pound and in UK government bonds mean traders are at panic stations, forcing…
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Herbert Smith Freehills teaches PE lingo to staff in race for $2.3tn in dry powder
Deal advisers at law firms have set their sights on winning lucrative private equity clients as transactions involving buyout houses…
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Kirkland & Ellis targets ‘untapped potential’ in private equity with Magic Circle raids
Kirkland & Ellis’s three-partner raid of the Magic Circle over the past week was motivated by the US law firm’s desire to…
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BVCA boss Michael Moore: Private equity must close ‘comprehension gap’ with government
The boss of the British Private Equity and Venture Capital Association has called on the sector to work with policymakers to close…
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Tandem Bank chief executive Susie Aliker steps down after 18 months in the top job
Challenger bank Tandem is to get a new chief executive, after current boss Susie Aliker handed in her resignation just…
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State Street names Yie-Hsin Hung as president and boss of asset management
State Street has named Yie-Hsin Hung as president and chief executive officer of its asset management business. Hung, who joins from New York…
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Citigroup hires Credit Suisse’s Jens Welter to co-head European investment bank
Citigroup has tapped one of Credit Suisse’s top dealmakers to co-head its investment banking unit in Europe, as the Swiss…
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Credit Suisse names new investment bank leaders after Welter quits for Citigroup
Credit Suisse has named two new leaders of its European investment bank after 27-year veteran Jens Welter quit to join…
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Crypto technology could bolster capital markets, BoE’s Cunliffe says
The technology that underpins crypto could help bolster traditional capital markets, according to the Bank of England. “The greater impact…
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Kwarteng tells bankers to expect Big Bang 2.0 despite market volatility
Chancellor Kwasi Kwarteng told leading bankers he was committed to fiscal discipline in a 28 September meeting, as the pound continued…
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UK Government Tax Cuts Are Credit Negative, Moody’s Says
By Xavier Fontdegloria The series of large tax cuts and increased spending outlined by the U.K. government is fueling a…
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Cathie Wood’s ARK dips into private investments
Cathie Wood’s ARK Investment Management on 27 September debuted the ARK Venture Fund, the firm’s first foray into private investments.…
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Wall Street pays $1.8bn in fines after traders use banned messaging apps
Eleven of the world’s largest banks and brokerages will collectively pay $1.8bn in fines to resolve regulatory investigations over their…
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Stuart Kirk slams coal divestments as ‘immoral’ in latest spat with ex-employer HSBC AM
HSBC Asset Management’s former responsible investing boss Stuart Kirk, who quit in July amid controversial comments he made on climate…
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Oracle to Settle SEC Foreign Bribery Charges For the Second Time
A building housing Oracle’s offices in Hyderabad, India. The company’s $23 million settlement follows a settlement in 2012. Photo: Dhiraj…
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KPMG junior in Carillion forgery case should have questioned orders, tribunal says
Former KPMG accountant Pratik Paw should have questioned the “highly unusual” instructions he received from his superiors to create meeting…
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Investors push for sale of TP ICAP’s Parameta
Shareholders are pressing TP ICAP to sell off its post-trade data and analytics arm Parameta. According to Sky News, the…
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Celsius boss Alex Mashinsky quits amid flood of crypto executive resignations
Celsius chief executive Alex Mashinsky has quit his job months after the embattled crypto lender filed for chapter 11 bankruptcy…
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Brands Review Data Privacy Policies After $1.2 Million Sephora Settlement
More marketers are taking notice of California’s data privacy laws after the state said last month that cosmetics retailer Sephora…
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Gilt yields fall from four-decade surge as Treasury tries to calm bond markets
UK government bonds rallied strongly on 27 September, forcing yields down from multi-year highs, as the selloff sparked by the…
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Jupiter’s new chief plans restructure to revive struggling asset manager
The incoming chief executive of Jupiter Asset Management has told staff that the FTSE 250-listed group will undergo a restructuring…
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Boutique Qatalyst Partners pays London dealmakers £1.3m after bumper year
A boutique investment bank specialising in big-ticket technology deals paid a handful of London-based dealmakers an average of £1.3m last…
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Qualcomm CFO Focuses on Investing in Budding Automotive Business
Qualcomm Inc.’s finance chief Akash Palkhiwala is weighing how much to allocate toward the company’s growing automotive-chip business as consumer…
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Ex-Credit Suisse chair António Horta-Osório joins PE firm Cerberus Capital Management
Former Credit Suisse chair Sir António Horta-Osório has joined Cerberus Capital Management as a senior adviser in Europe, adding to…
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Goldman Sachs’ European ECM and leveraged finance team hit hardest by layoffs
Goldman Sachs’ equity capital markets and leveraged finance teams bore the brunt of its latest cut-backs in its European investment…
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Freetrade turns to crypto for European growth, plans to break even in 2024
Freetrade has set its sights on cryptocurrencies as part of a push into Europe, as the well-known trading app plans…
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FCA COO Emily Shepperd: ‘I’m someone who likes to run towards fires’
Emily Shepperd is one of FN’s 100 Most Influential Women in Finance 2022. The list will be published on 17 October here. The…
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Helena Morrissey to step down as AJ Bell chair over CEO succession
Baroness Helena Morrissey has stepped down as chair of online investment platform AJ Bell after less than a year in…
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FTX wins auction to acquire bankrupt crypto firm Voyager with $1.42bn bid
FTX has won an auction to acquire bankrupt cryptocurrency lender Voyager Digital with a bid valued at $1.42bn. The valuation comprises $1.31bn…
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