yahoo finance news
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Traders face wake-up call on Brexit workarounds as EU begins clampdown
Many in London wish they could pretend Brexit hadn’t happened. Some are doing just that. Take one small London brokerage,…
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Jeffrey Gundlach says inflation will stay above 4% through 2022
Billionaire bond investor Jeffrey Gundlach said Friday that inflation in consumer prices likely will remain elevated through 2021 and stay…
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Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world
Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at…
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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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Trading Places: BNP Paribas promotes PE banker, Nomura’s hiring spree
Private equity and junior bankers were in the spotlight this week, as investment banks reported earnings that showed they are…
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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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Embracing placemaking as a core state strategy
While local governments, developers, and communities usually lead placemaking efforts, the state of Michigan stands out for its embrace of…
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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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Finance bosses warn of more job moves as Brexit exodus ‘picks back up’
Around half of senior finance executives polled by Big Four accountancy EY expected Brexit to drive more jobs out of…
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Why it’s cannabis stocks’ time to shine
Alasdair Haynes is chief executive of Aquis Exchange The City is seeing a flurry of activity around the research, development,…
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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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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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If banks can’t stop money laundering, it is time for regulators to do more
Some financial crimes are so sophisticated it is easy to see how they went undetected. The NatWest money laundering debacle…
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Meet the ‘diva of divorce’ Ayesha Vardag, who charges her super-rich clients £1,200 an hour
“I’ve for a very long time been the most expensive divorce lawyer in London,” Ayesha Vardag says from her plush wood-panelled office…
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How law became a gold mine for the rich and powerful
Katharina Pistor, professor of comparative law at Columbia Law School, is the author of The Code of Capital: How the…
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Advertising watchdog orders buy-now-pay-later firm to remove ads ahead of Treasury crackdown
The UK advertising watchdog has told a buy-now-pay-later credit firm to pull down adverts that don’t explain to consumers that its…
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Swiss regulator Finma reveals Credit Suisse spied on seven executives
Credit Suisse Group’s efforts to spy on top executives were broader than previously known and broke Swiss supervisory law, that country’s…
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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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Audit regulator puts questions to firms on bullying, sexual harassment
The audit regulator is asking firms how many of their senior staff have been involved in complaints ranging from bullying…
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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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The Economic Rebound Is Still Waiting for Workers
“They’re making a lot of profits in part because they’re saving on labor costs, and the question is how long…
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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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Martha Stewart is now into NFTs with Halloween tokens first on the list
Martha Stewart wants to be your crypto queen. The 80-year-old lifestyle guru plans to unveil a collection of NFTs on…
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Funding Fight Threatens Plan to Pump Billions Into Affordable Housing
A few years ago she was told that a voucher was about to become available, but that fell through, and…
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Homebuilder sentiment bounces back despite ongoing supply chain problems
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, June…
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As Starbucks Workers Seek a Union, Company Officials Converge on Stores
BUFFALO — During her decade-plus at Starbucks, Michelle Eisen has endured her share of workplace stress. She points to the…
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Stephanie Rawlings-Blake
Veteran Democratic political strategist Stephanie Rawlings-Blake served as the 49th Mayor of Baltimore, MD, the largest independent city in America. She…
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Rising Rents Are Fueling Inflation, Posing Trouble for the Fed
The recovery in the New York area as a whole has been uneven as some families have moved to the…
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A roadmap to developing inclusive regional economic indicators
In 2020, Brookings Metro ran an Inclusive Economic Indicators Lab to help three regions—Indianapolis, Memphis, and Orlando—develop compelling and influential…
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Wells Fargo sees 59% profit rise in third quarter
Wells Fargo said on 14 October that its third-quarter profit rose 59%, lifted by a release of funds it had set…
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Crypto fans are turning to futures ahead of the SEC’s ruling over bitcoin ETFs
Investors are betting the first U.S.-listed bitcoin exchange-traded fund is about to get the go-ahead. Securities regulators could rule as…
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Ex-Jefferies, Octopus GC looks to shake up legal panel at Reach
The new general counsel of Daily Mirror and Daily Express-owner Reach has launched a review of the company’s legal advisers.…
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JPMorgan posts 30% surge in profit as M&A fee bonanza rages on
JPMorgan’s corporate and investment bank surged by 30% in the third quarter, as a bumper three months for its dealmakers…
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Goldman Sachs COO says ‘decarbonising’ the world will cost $100tn
The transition to a cleaner economy to fight climate change will need $100trn in financing, the bulk of which will…
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The Fed prepared to slow support for the economy and worried about supply chain disruption at its last meeting.
Federal Reserve officials were preparing to begin slowing down monetary policy support as soon as the middle of November, minutes…
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Fed says it could begin ‘gradual tapering process’ by mid-November
Federal Reserve officials could begin reducing the extraordinary help they’ve been providing to the economy by as soon as mid-November,…
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Weekly mortgage demand stalls, as rates jump to highest level since June
Prospective homebuyers view a kitchen while touring a house for sale in Helotes, Texas. Matthew Busch | Bloomberg | Getty…
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Martin Gilbert: Asset managers are still lagging on technology
Martin Gilbert is the co-founder and former chief executive of Aberdeen Asset Management and abrdn. He is now chairman of…
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Video: I.M.F. Lowers Economic Growth Forecast for 2021
new video loaded: I.M.F. Lowers Economic Growth Forecast for 2021 transcript Back transcript I.M.F. Lowers Economic Growth Forecast for 2021…
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Risk of high inflation dogs central bankers as consumer expectations climb.
A key measure of inflation expectations released on Tuesday showed continued acceleration, a survey that came as Richard H. Clarida,…
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Barclays unveils new Glasgow campus for 5,000 staff
Barclays is set to employ 5,000 people across a series of new offices in Glasgow, as large investment banks increasingly…
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Chancellor appoints Freshfields partner to lead UK stock market capital raising review
Chancellor Rishi Sunak has appointed Freshfields partner Mark Austin to lead a review of capital raising on UK stock markets…
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FCA made a rule that funds need independent directors, but it’s not keeping track
The Financial Conduct Authority does not know how many fund managers are meeting requirements around the number of independent directors on their…
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FCA to scrap bonus payments for all staff in major pay overhaul
The Financial Conduct Authority is planning to scrap bonuses for its roughly 4,200 workers as it fires the starting gun on…
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Nomura names McDermott as co-head of global investment banking
Nomura has named a new global co-head of investment banking as the Japanese lender aims to expand the division in…
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Inside Nomura’s ambitious plan to take on Wall Street: ‘Clients will pay for the best bankers’
Nomura is making a “very significant” push to hire junior and senior dealmakers, as the Japanese lender embarks on an…
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