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Hedge funds slash bearish bets in GameStop aftermath: ‘Wow, this could be me’
Investors have pared back their bearish bets a full month after the GameStop frenzy took off, showing the lasting effects…
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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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Trading Places: HSBC’s big shake-up, BofA reshuffles M&A, a brutal bonus season
HSBC has named a number of new senior leaders in Europe, the US and the Middle East as the lender…
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London’s left behind as England’s 15 least vaccinated areas located in the capital
The 15 areas in England to have vaccinated the lowest proportion of adults so far are all in London. The…
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BA owner calls for digital vaccine passports to kickstart travel, boost ailing industry
The International Airlines Group, which owns British Airways, has called on the government to introduce digital Covid-19 vaccine passports so…
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Jupiter assets reach new record, despite investors pulling £4bn
Jupiter Fund Management suffered net outflows of £4bn last year, despite the FTSE 250 group posting an increase in profits and a…
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Aquis says it will trump City market expectations
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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EU to roll out digital vaccine passports to restart travel within the bloc
Leaders of the European Union have agreed that a “digital vaccination certificate” is necessary to allow travel within the bloc.…
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Why the Brexit battle over London’s derivatives dominance may drag on for years
The battle for London’s trading and clearing of derivatives is heating up. But it probably won’t be settled any time…
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JPMorgan CFO Jennifer Piepszak says investment banking fees could be up 30% on Q1 2020
Investment banking fees at JPMorgan in the first quarter are likely to be up over 30% on the same period…
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Covid has ravaged the UK’s finances — can Chancellor Rishi Sunak fix this?
Balancing the UK’s fiscal policies over the next year will be an unforgettable challenge for Chancellor Rishi Sunak. The keeper…
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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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‘We would have to resist very firmly’: BoE’s Bailey braces for €84tn Brexit battle for London’s derivatives crown
The Bank of England governor Andrew Bailey issued a warning about how the Brexit battle for London’s financial crown could…
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Vanguard, BlackRock singled out for $170bn coal exposure
Vanguard and BlackRock, the world’s two largest asset managers, have been singled out for having the highest exposure to the…
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Axa IM assets reach record high after bumper 2020
Axa Investment Managers, the asset management arm of the French insurance giant, posted a more than three-fold increase in new…
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St James’s Place to axe 200 jobs after Covid hit to profits
St James’s Place, the UK listed wealth manager, plans to axe 200 jobs following an almost 40% drop in pre-tax…
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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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We need to do more to attract IPOs to London
Let’s be frank with each other: London’s enduring success as a global financial centre reaches well beyond any of the…
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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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Chuka Umunna calls out UK investment body over ethnic diversity push
The Investment Association has been called out for a lack of ethnic diversity on its board, after itself urging some…
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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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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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EU regulator to probe zero-commission stock trading: ‘There’s no such thing as a free lunch’
European market officials will analyse the risks of zero-commission stock trading apps such as Robinhood in the wake of the…
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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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UK investors ratchet up pressure on companies over ethnic diversity
The UK’s fund management lobby group will turn up the heat on companies in the coming months over ethnic diversity in…
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Pay slashed for StanChart chief Bill Winters amid missed targets, 40% profit drop
Standard Chartered has announced a dividend and share buyback scheme amid falling profit, along with a cut to the chief executive’s…
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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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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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AXA takes €1.5bn hit from Covid-19 claims
Insurance giant AXA took a €1.5bn hit due to claims as a result of the global pandemic that took hold…
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Investing heavyweights managing $21tn see FOMO driving bitcoin to $100k by year-end
Some of the world’s largest investors have indicated bitcoin is in bubble territory, with almost 30% predicting frenzied speculation will…
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JPMorgan and Sutton Trust launch $4.8m bursary fund for low-income students
US investment bank JPMorgan Chase and the Sutton Trust have launched a £4.8m bursary fund for university students to improve…
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Citi’s Leo Arduini: ‘European players are back big time’
Leo Arduini was skiing in Italy last February when he realised just how much of a threat Covid-19 would pose…
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Bank of America names Berendes, Brabazon new M&A leaders in Europe
Bank of America has shaken up the leadership of its mergers and acquisitions team in Europe amid global surge in…
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Mandatory gender pay gap reporting to restart from October
Companies will have to resume reporting their gender pay gap reporting from October 2021, the Equality and Human Rights Commission…
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Here’s why London is still a favourite for the world’s richest
The wealthiest individuals in the world still have London in their sights for prime property, lifestyle and business investment options.…
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Metro Bank reports £271.8m loss on pandemic hit
Metro bank reported an underlying loss before tax of £271.8m for 2020, taking an estimated £124m hit from the impact…
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Lloyds resumes dividends, posts lower profit, commits to 8% office space cut
Lloyds Banking Group said it would resume dividend payments for shareholders as it posted its annual results with £792m in pretax…
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HSBC plans $6bn in Asia investments as profits slump by 34%
HSBC is sticking to cost-cutting measures that will see it strip out 35,000 jobs and will invest up to $6bn…
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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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HSBC plans 40% office space cut as Covid shifts bank to flexible working
HSBC is cutting its global office space by up to 40%, as the vast remote working programme over the course of 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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Lockdown lift to allow gatherings by Easter, open schools on 8 March
Prime Minister Boris Johnson will set out his roadmap today to ease pandemic restrictions that have been in force for the…
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HSBC London bankers brace for job cuts amid Asia shift: ‘There is a lot of middle management in the UK’
Mid-ranking bankers at HSBC in London are braced for more cuts as the bank looks to shift more leadership and…
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Roadmap to lift UK’s third lockdown: Here’s the timeline plus what you can and can’t do
Prime Minister Boris Johnson has set out plans to “cautiously but irreversibly” lift the UK out of its third national lockdown,…
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Working from home set to continue until June under lockdown exit roadmap
Mass working from home will continue until June at the least under a roadmap to exit lockdown laid out by…
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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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‘A necessity, not a token’ – What it’s like to be LGBTQ+ in fintech and the City
As the City tries to become more diverse, companies are considering who to turn to for answers. In 2021, diversity…
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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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Wells Fargo strikes $2bn deal to offload asset management business
Wells Fargo, the US-headquartered bank, has struck a deal to offload its asset management arm in a transaction worth $2.1bn.…
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