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Fed Chair Powell Offered a Patient Message. Markets Quivered Anyway.
Jerome H. Powell, the chair of the Federal Reserve, said he and his colleagues have a “high standard” for what…
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Here’s what City firms make of the Budget
UK Chancellor Rishi Sunak has delivered a budget that he said is designed to “protect jobs and the livelihoods of…
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Credit Suisse tells juniors to expense takeaways as deal boom makes all-nighters the norm
Investment banks are rolling out a new perk for juniors burning the midnight oil at home — free takeaways. Banks…
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Investors Are Focused on Treasurys. Here’s What the Fed Could Do.
Longer-term interest rates have jumped in recent weeks, a move that has been broadly interpreted as a sign that investors…
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Vaccine rollout helps end dry spell for UK equity fund inflows
Investment funds that invest specifically in UK-listed companies turned a corner in February, with the rapid rollout of Britain’s Covid…
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Hong Kong won’t appeal ex-JPMorgan banker bribery acquittal
The Hong Kong government won’t appeal the acquittal of an ex-JPMorgan banker accused of bribery after offering a job to…
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Walmart says it will support U.S. manufacturers with $350 billion of added business
A worker delivers groceries to a customer’s vehicle outside a Walmart Inc. store in Amsterdam, New York, on Friday, May…
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Deutsche Bank shakes-up junior recruitment to diversify from MBA hires
Deutsche Bank is overhauling the way it hires junior bankers, expanding jobs typically reserved for elite MBAs to professionals with…
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Economists see first signs in data that vaccine is working
Economists following the high-frequency data on virus infections are seeing initial signs that the vaccine is having positive effects on…
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New Citi CEO Jane Fraser unveils net-zero targets on first day at the helm
Citigroup chief executive Jane Fraser has used her first day at the helm of the US bank to unveil ambitious…
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10% GDP growth? The U.S. economy is on fire, and is about to get stoked even more
Restaurant workers wearing faceshields, facemasks and gloves prepare food at the reopening of iconic LA restaurant Pink’s Hot Dogs on…
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Jon Little’s Alderwood Capital begins hunt for investors
Alderwood Capital, the fund management business launched by former Northill Capital founder Jon Little, has made a trio of hires…
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Canada’s economy endured an historic collapse in 2020, but surged into 2021 faster than most expected
Breadcrumb Trail Links News Economy Kevin Carmichael: A housing boom has lessened economic pain of the recession, but at expense…
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‘Before Covid, WFH was seen as a day at the golf course’: How the pandemic changed the City forever
On a cold, wet morning on 5 March 2020 around 100 equity research analysts were ushered down a fire escape…
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Amazon Workers’ Union Drive Reaches Far Beyond Alabama
Players from the National Football League were among the first to voice their support. Then came Stacey Abrams, the Democratic…
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Goldman Sachs creates new London team to capitalise on Spac boom
Goldman Sachs has shifted two of its most senior equity bankers in London into a new team that will look…
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Almost a quarter of companies will be net zero by 2030, say Fidelity analysts
Analysts working at investment giant Fidelity International, the $706bn asset manager, predict almost a quarter of all the companies they…
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Covid-19 is causing a ‘shecession’ as pandemic impacts gender equality at work
The pandemic is causing a “shecession”, as progress for women in work falls back to 2017 levels, a PwC report…
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Goldman Sachs revives cryptocurrency desk to cash in on bitcoin hype
Goldman Sachs has relaunched its trading desk for cryptocurrencies as demand for bitcoin and other digital assets continues to increase.…
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Goldman Sachs asset management co-head Lane to step down
Eric Lane, the co-head of Goldman Sachs global asset management business, is stepping down six months after being appointed to…
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Klarna valued at $31bn after Swedish fintech raises $1bn from funding round
Swedish payments giant Klarna has closed a fresh $1bn financing round, pushing the company’s valuation up to $31bn ahead of…
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Income and Spending Gains Are Latest Sign of Economic Recovery
Personal income was up a remarkable 10 percent in January, the Commerce Department reported on Friday, but the increase was…
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Barclays ECM exec Febrer-Bowen lands new role weeks after retirement
The former head of continental European equity capital markets at Barclays has secured a new role leading corporate development at…
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Aquis sees revenue beating estimates as Brexit trading shifts out of London
Aquis, one of the UK’s smaller alternatives to the London Stock Exchange’s Aim, has said it expects to surpass market…
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Why the Bank of England needs a monetary framework review to keep policy at the frontier
The Bank of England has built an enviable reputation as a central bank at the forefront of modern policymaking. This…
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HSBC shrinks bonuses for London investment bankers by up to 20%
Investment bankers in HSBC’s London operations have seen bonuses decline by as much as 20%, as the UK lender has…
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Jefferies backtracks on staff jab plan after memo demanded ‘verification of vaccination’
US investment bank Jefferies has backtracked on a policy that would have required all of its staff to receive a…
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Atom Bank sets sights on IPO by 2023 amid £40m fundraising
British challenger Atom Bank has said it plans to go public within the financial year 2022-23 as it nears profitability…
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City watchdog beefs up exec team for post-Brexit leadership
The UK’s Financial Conduct Authority made several new hires to its executive team as part of efforts to navigate a landscape dominated…
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Linklaters set to become second Magic Circle law firm to elect female senior partner
Linklaters looks likely to become the second Magic Circle law firm to have a woman lead the firm as senior…
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KPMG fires starting gun on chief executive election post Bill Michael exit
KPMG UK has kicked off the race to succeed Bill Michael as chief executive after he resigned over a backlash…
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Global travel uncertain, UK’s transport secretary warns, as EU discusses vaccine passports
Travel should be able to resume on 17 May but it is dependent on “lots of factors, many of which…
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Former HSBC chief operating officer joins London regtech board
The chair of the global banking unit at Boston Consulting Group in London has joined regulatory technology firm Napier as…
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Goldman Sachs boss David Solomon slams WFH as an ‘aberration’
Goldman Sachs chief executive David Solomon has sent the clearest message yet to homebound traders and investment bankers — don’t…
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Powell Says Better Child Care Policies Might Lift Women in Work Force
Jerome H. Powell, the Federal Reserve chair, suggested on Wednesday that improved child care support policies from the government might…
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HSBC’s top investment banker bonuses fall by 11% as job cuts take hold
HSBC cut bonuses to its top investment bankers by 11% last year, but nearly doubled redundancy payouts for executives in the…
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Neil Woodford’s comeback doomed from the start as ‘misled’ investors balk
Neil Woodford has had plenty of time to consider his options following the spectacular implosion of his business just 16…
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These short sellers are making a killing in defiance of GameStop’s retail army
It’s only February, but it’s already been a rough year for short-sellers. Amid a GameStop retail army that has piled…
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BMO, Scotiabank see economic winds favouring U.S. amid speedier vaccine rollout
Breadcrumb Trail Links News Economy Canada’s recovery may lag its southern neighbour by up to six months Author of the…
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Inflation fears take back seat as Bank of Canada puts focus on jobs recovery
Article content Tiff Macklem’s Bank of Canada is toying with letting the economy run hotter than would have been thought…
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Tesla’s $1.5bn crypto bet triggers companies to explore bitcoin
Companies are starting to express interest in bitcoin as a long-term investment, following in the footsteps of listed giants such…
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Nomura starts mentor-matching plan for junior bankers in lockdown
Nomura has rolled out a mentorship programme for hundreds of analysts and associates, as investment banks increasingly pull out the stops…
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Travel and hospitality stocks boosted on Boris Johnson’s plan to lift UK lockdown
Travel and hospitality sector stocks kicked up higher on the news of the lockdown roadmap to reopen the economy, announced by Prime…
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Bitcoin fall pushes Jeff Bezos to overtake Elon Musk as world’s richest man
Elon Musk no longer holds the title of the world’s richest man after Tesla’s shares dropped 8.6% on February 22,…
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Standard Life Aberdeen paves way for rebrand after fresh deal with Phoenix
Standard Life Aberdeen, the FTSE listed asset manager, has sold the Standard Life moniker to UK insurer Phoenix Group —…
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Signal sees ‘record pace’ of new users as WhatsApp goes ahead with controversial privacy update
New users are flocking to the encrypted messaging app Signal “at a record pace”, as WhatsApp pushes forward with a controversial…
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Billionaire fund manager Alan Howard takes stake in British bitcoin startup
Billionaire hedge fund mogul Alan Howard and a selection of current and former Goldman Sachs partners are among the backers…
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Tesla’s Elon Musk says bitcoin is a better investment than cash
Billionaire Elon Musk has said bitcoin is a better investment than owning fiat currency — but only just. Following his…
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Uber drivers are workers, UK court says in appeal dismissal
Ride-hailing firm Uber has lost a final appeal at the UK’s Supreme Court to challenge an employment tribual ruling which…
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Study shows Pfizer vaccine highly effective after first dose, can be stored in normal freezers
The Covid-19 vaccine developed by Pfizer and BioNTech generates robust immunity after one dose and can be stored in ordinary…
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