securities
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Trading Places: HSBC bolsters green team, Citi’s European push continues, Nutmeg boss leaves
HSBC promoted one of its top investment bankers to lead a new team of dealmakers tackling sustainable finance — a key…
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Are financial markets closed July 4?
As the Independence Day holiday approaches, Americans are preparing for a long weekend of barbecues and fireworks shows to celebrate…
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Weekend reads: What’s ahead for the stock market after that brutal first half of 2022
The first half of 2022 marked a big change for investors and consumers, as inflation reared its ugly head. It…
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Hedge fund adviser Patrick Ghali on crypto, ESG and why clients are dumping ‘any exposure to China’
Patrick Ghali, co-founder of hedge fund advisory Sussex Partners, talks with Financial News about how his clients are adapting to…
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Leon Black rebuffed in Apollo conspiracy claim
A federal judge dismissed a case brought by former Apollo Global Management chief executive Leon Black alleging that his former partner and…
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Jupiter’s CEO choice draws criticism from former board member
Jupiter’s decision to appoint Matthew Beesley as its next chief executive is unlikely to “fix” the problem of its plummeting…
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Nutmeg CEO steps down after JPMorgan takeover: ‘I am now taking some time out’
The boss of the UK’s largest digital wealth manager Nutmeg has stepped down following the firm’s buyout by JPMorgan. A…
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Research Affiliates CEO calls crypto a ‘Ponzi scheme,’ questions ‘substance’ of blockchain
The chief executive of California-based asset manager Research Affiliates has called cryptocurrencies a “Ponzi scheme”, claiming bitcoin and the blockchain…
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Credit Suisse bolsters compliance, plans cost cuts from technology for turnaround
Credit Suisse has hired 22 senior compliance professionals this year and bolstered headcount in the division as it looks to…
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Crypto exchange CoinFlex won’t lift withdrawal freeze yet, despite ‘significant progress’ in rescue token fundraising, CEO says
Crypto exchange CoinFlex, which has halted user withdrawals since June 23, will not lift the freeze on Thursday as originally…
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Powell says no guarantee of soft landing for U.S. economy
Fed Chairman Jerome Powell on Wednesday said there was no guarantee that the central bank can engineer a soft landing…
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Three Arrows Capital falls into liquidation as crypto winter bites
Cryptocurrency-focused hedge fund Three Arrows Capital has gone bust, becoming one of the most prominent victims yet of the so-called…
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Investment bank fees fall by $24bn as deal boom loses steam
Dealmaking fees at top investment banks slumped by as much as 56% during the first half of 2022, as recessionary fears and…
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How long will stocks stay in a bear market? It hinges on if a recession hits, says Wells Fargo Institute
When the S&P 500 officially dropped into a bear market on June 13, closing down more than 20% from its…
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Being a true contrarian investor and outsmarting Wall Street takes more than just going against the crowd
Genuine contrarians are rare on Wall Street. When “blood is running in the streets,” to quote that famous — and…
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Apollo’s bid for Boots fails as Walgreens abandons £5bn sale
The blockbuster sale of UK chemist Boots has reportedly been abandoned amid uncertainty in the debt markets. Walgreens Boots Alliance,…
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FTX boss Sam Bankman-Fried dismisses reports of Robinhood acquisition
Sam Bankman-Fried, chief executive at crypto exchange FTX, said the company is not having any active mergers and acquisitions conversations…
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Jupiter CEO Andrew Formica to step down
Jupiter Fund Management has announced that Andrew Formica will step down as chief executive of the FTSE 250-listed asset manager…
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Spirit Airlines stock sinks after Frontier sweetens deal
Frontier Group Holdings Inc. has upped the deal to snap up Spirit Airlines Inc. as the two ultra-low-cost airlines try…
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Credit Suisse fined $2m over money laundering linked to cocaine trafficking
Credit Suisse and a former employee were found guilty 27 June in a Swiss federal criminal court of helping a Bulgarian crime…
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Three Arrows hedge fund has defaulted on $675m crypto loan, broker Voyager Digital says
Crypto broker Voyager Digital said that hedge fund Three Arrows Capital had defaulted, failing to make loan payments tied to large bets in…
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HSBC names top dealmaker Alexi Chan to lead new sustainable finance team
HSBC has promoted one of its top investment bankers to lead a new team of dealmakers tackling sustainable finance —…
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Why hedge funds are shorting tether
Short sellers have been ramping up their bets against tether, the world’s largest stablecoin, amid a broad market selloff that…
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Citigroup hires Deutsche Bank veteran Patrick Frowein in senior dealmaking role
Citigroup has hired Deutsche Bank’s former head of investment banking coverage in Europe into a key role, as the US…
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Nomura hikes junior pay for a second time, matching Wall Street rivals
Japanese bank Nomura has hiked junior banker salaries for a second time within a year, matching Wall Street rivals amid…
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How Robinhood fought for survival when meme stocks exploded
Robinhood struggled to handle huge volumes of stock trading and sparred with its principal customer, market maker Citadel Securities, during the…
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Congressional review of ‘meme stock’ trading frenzy shows Robinhood’s liquidity troubles worse than reported
The House Financial Services Committee on Friday issued a long-awaited report on the “meme” stock phenomena, shining new light on…
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Recession scare starting to challenge inflation as top fear among stock and bond investors
It’s easy to want to duck for cover given the carnage seen this year in stocks and bonds, particularly with…
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Trading Places: Perella poaches Klaassen, Barclays backs Vohra, TP ICAP takes Fields
This week was a big one for ESG leaders, as Financial News unveiled our inaugural list of the Fifty Most…
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Helena Morrissey: ESG extremism isn’t helping anyone
Baroness Helena Morrissey has been an executive at multiple asset managers and is a noted City diversity campaigner ESG has…
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These dividend stocks yield at least 5% and have plenty of room to raise payouts
This year’s stock price declines make for an increasing number of stocks with high dividend yields of at least 5%.…
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Cristiano Ronaldo kicks off crypto partnership with Binance in multi-year NFT deal
Cristiano Ronaldo has become the latest sports star to dip his toes into the world of cryptocurrency despite the crisis…
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Want to short bitcoin in the US? There’s now an ETF for that
Investors in the US can now cash in on tumbling bitcoin prices by betting against the embattled cryptocurrency using a new…
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Why trading and ESG will soon be synonymous
Rebecca Healey is managing partner at Redlap Consulting, specialising in market structure, regulatory reform, and financial services technology The debate rages on:…
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Three Arrows Capital behind on $666m loan, crypto broker Voyager Digital says
Crypto broker Voyager Digital said it may issue a notice of default to Three Arrows Capital if the crypto hedge fund fails…
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Wall Street tales from a Black trader: ‘We felt that every set of eyes on the trading floor was focused on us’
J Derek Penn is one of Wall Street’s veteran traders. He also happens to be one of the first few…
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DWS chief exec says greenwashing allegations and personal attacks were a burden, ‘especially for my family’
The outgoing chief executive of DWS will tell shareholders at its upcoming annual general meeting that greenwashing allegations made against…
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12 reasons why the stock market will be higher on Dec. 31. Just how excited should that make you?
CHAPEL HILL, N.C. — There’s a two-out-of-three chance that the stock market will rise through the end of this year.…
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Dalio’s Bridgewater ups shorts against Europe stocks to €9bn as recession ‘more likely’
Ray Dalio’s Bridgewater has amped up his bet against European stocks by some 500%. Bridgewater earlier this month disclosed a range…
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Citigroup names Alexander Stiris to lead European commercial bank ahead of hiring spree
Citigroup has shifted its top dealmaker in the Nordic region to lead its commercial banking operation in Europe as it…
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Perella Weinberg hires Barclays dealmaker in private markets push
Perella Weinberg Partners has hired a senior dealmaker from Barclays as the boutique continues to expand its coverage of private…
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Dow futures surge over 500 points after three-day break
U.S. stock-index futures rose sharply on Tuesday after a three-day holiday weekend, following the worst weekly performance for equities in…
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Deutsche Borse strikes crypto deal in search for ‘high-quality’ data
Deutsche Borse is partnering with digital assets data provider Kaiko to extend its data offering to the crypto space. The…
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Martin Gilbert’s AssetCo strikes deal for SVM to build Edinburgh hub
AssetCo, the deals company set up by fund management veteran Martin Gilbert, has snapped up Edinburgh-headquartered SVM Asset Management to help…
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Crypto CEOs told to display ‘a little humility’ as crash claims more than a thousand jobs
Charley Cooper, former chief operating officer at the US Commodity Futures Trading Commission, has a warning for crypto bosses as…
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How a small group of BlackRock analysts speaks for millions of investors
BlackRock casts votes on tens of thousands of proxy proposals a year. The responsibility rests with a team of about…
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How Robinhood’s fairy tale started to unravel
Few companies embodied the market mania of the past two years quite like Robinhood. The flashy online brokerage ushered in an…
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Natixis affiliate Mirova snaps up renewable energy investor in emerging markets push
Natixis Investment Managers affiliate Mirova has bought a specialist private debt firm that finances renewable energy projects in Africa and Asia as…
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Bitcoin rallies back above $20,000 on Sunday, after hitting 18-month low
Bitcoin prices rallied Sunday, topping the $20,000 level again after falling to an 18-month low Saturday amid a weeks-long cryptocurrency…
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Fed dissenter George says jumbo interest rate rise this week risked adding to ‘policy uncertainty’
Kansas City Federal Reserve President Esther George on Friday explained her lone dissent against the Fed’s 75 basis point interest…
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