synd
- Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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.…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
‘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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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.…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
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,…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
‘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…
Read More » - Finance
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…
Read More » - Finance
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.…
Read More »