Bloomberg
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Law firms continue march on stock market as Taylor Rose MW explores float
Top 60 UK law firm Taylor Rose MW is eyeing a 2022 float, its boss says, as an “arms race” continues…
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Citi may cut some clients over climate concerns, CEO Fraser says
Citigroup chief executive Jane Fraser, speaking at The Wall Street Journal’s CEO Council Summit on 7 December, said the bank will…
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Hector Sants: Why we need to teach our children about finance
Sir Hector Sants was formally chief executive of the Financial Services Authority and head of compliance at Barclays. He is currently…
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Beware the sting in tail for executives linking pay to diversity
Bradley Richardson is a partner in Linklaters’ employment and incentives practice. Laurie Ollivent is a senior associate at the firm.…
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Cravath, Swaine & Moore shifts pay plan to reward strongest performers
New York law firm Cravath, Swaine & Moore is moving away from its seniority-based compensation system, upending a hallmark of…
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Jury in Satoshi Nakamoto case reject claims of partnership to create bitcoin
A Florida jury rejected claims that Craig Wright and David Kleiman formed a partnership to launch bitcoin, ending a high-profile…
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View: Financial regulators stand powerless against wilful self-delusion and disregard of market realities
As a former securities fraud prosecutor, I often wonder, based on recent events, whether fraud is needed anymore to pitch worthless…
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FCA calls in external PRs as staff revolt continues
The Financial Conduct Authority has called in City PR firm FTI Consulting to help it better communicate changes introduced under…
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An audience with Bitstamp’s Julian Sawyer: ‘An IPO would be a distraction’
Julian Sawyer is no stranger to financial innovation. One of the original co-founders of Starling Bank, Sawyer took the leap…
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‘Successful’ NatWest director dismissed after cancer diagnosis, tribunal hears
NatWest is facing a claim from a former director over unfair dismissal and discrimination relating to a disability that arose…
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Citi seeks securities licence in China
Citigroup has applied for a securities licence in China, according to a person familiar with the matter, as the New…
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Trading Places: Rawlinson in new role at Morgan Stanley, Youngwood becomes UBS CFO
It’s been a busy week for job changes in the City. Here’s your roundup. Mark Rawlinson, one of the City’s…
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FCA staff ‘openly crying in meetings’ in push to postpone pay revamp
Staff at the Financial Conduct Authority are pushing the watchdog to delay decisions on controversial changes to employees’ pay and perks, blasting their bosses…
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Covid’s Omicron resurgence puts City Christmas parties in doubt
The latest Covid-19 variant Omicron is rocking plans City firms had for December events, staff parties, and even some return-to-work…
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BDO boss doubles down on flexible working: ‘Individuals are better placed to make that choice’
BDO’s managing partner Paul Eagland said he is strongly committed to the firm’s flexible working approach, in contrast to rival…
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Jefferies hiring spree sees senior banker numbers swell 23%
Jefferies has increased its population of senior dealmakers by 23% over the past year in an aggressive recruitment spree that…
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Watchstone serves KPMG with £14m claim over Quindell audit failings
Insurance outsourcer Watchstone has served KPMG with a £14m legal claim over its 2013 audit of the company. Watchstone — formerly…
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KPMG wants staff back in the office four days a week
KPMG wants staff back to the office four days a week, in a move away from its previous hybrid working…
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Bank stocks could feel the pressure as Omicron bites
Bank stocks have proven resilient during the pandemic. But as uncertainty over the Omicron Covid-19 variant coincides with a changing…
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Nasdaq prepares to run markets on Amazon’s cloud
Nasdaq said that next year it plans to begin moving its North American markets to Amazon’s Amazon Web Services cloud-computing platform. The…
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Men outbid women four to one to run Brexit opportunities unit
Nearly five times as many men as women applied to run the government’s new Brexit Opportunities Unit, Financial News can…
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Brexit pressure group forms to push for UK-EU equivalence as EU bankers demand market access
A pressure group of politicians, trade unionists, business people and journalists has launched to push to fix UK-EU issues post-Brexit —…
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Accenture to add 3,000 jobs in UK
Consultancy giant Accenture said it will add 3,000 extra jobs in the UK over the next three years. Accenture said…
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FCA ‘can’t be responsible for everything’, City minister says, as Treasury eyes tougher action on scam investments
The Financial Conduct Authority “can’t be responsible for everything”, a leading Treasury official conceded, as the government opens the door to tougher…
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London looks to regulators to help boost growth to regain financial centre crown post-Brexit
London wants to regain the mantle of the world’s busiest financial centre from New York by overhauling how banks and…
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Gold sector bankers cancel annual dinner over Omicron fears
The London Bullion Market Association has cancelled the sector’s annual dinner due to growing concern over the Omicron variant of Covid-19.…
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A wake-up call for startup funding in Canada
Breadcrumb Trail Links News FP Economy Kevin Carmichael: Blackout curtain startup turned to the crowd and then a corporate backer…
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KPMG taps partners for extra cash ahead of £1bn Carillion claim
KPMG is bolstering its balance sheet ahead of a £1bn lawsuit, with a new partner ranking plan requiring fresh capital…
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Why robots aren’t coming for sales traders’ jobs just yet
Chris Jackson is global head of equity strategy and head of equities, Emea at Liquidnet The pandemic has accelerated a…
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Convicted Libor rigger Tom Hayes has date set for appeal decision
Convicted Libor rigger Tom Hayes will hear whether the Criminal Cases Review Commission has decided to refer his case to the Court…
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Accounting regulator slams diversity failures in company reports
The UK’s accounting regulator has raised concerns over how honest companies are being in their financial reports when they miss diversity targets…
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Europe’s next Covid wave may present a new problem for central banks
Europe is in the grip of a virulent, fourth wave of coronavirus disease infections that risks further dampening its economic…
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Ray Dalio’s Bridgewater raises $1.25bn for China-based fund
Bridgewater Associates has raised the equivalent of $1.25bn for its third investment fund in China, according to a person familiar…
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Martin Gilbert: Investors can’t fight the tide of digitalisation
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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Bank of England bosses say banks don’t need to worry about Britcoin
Concerns raised by UK banks about the impact of a central bank digital currency on their business models are partially unfounded,…
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The House’s Build Back Better Act is a milestone for place-based solutions
Last week, the House of Representatives passed the Build Back Better Act, which boasts an array of social and climate…
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FCA chair shouldered ‘huge burden’, report finds, as campaigners call for consumer champion to fill role
A review of the Financial Conduct Authority’s board has heaped praise on outgoing chair Charles Randell, as campaigners continue to…
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Crypto cashback sets off moral panic on Britain’s high street
A major step towards the mainstream adoption of cryptocurrencies has turned out to be nothing more than a damp squib,…
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Hambro Perks Spac chooses London after FCA overhaul
Technology-focused venture capital firm, Hambro Perks, has unveiled a £150m special purpose acquisition company set to list on the London…
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Citigroup to hire 100 roles into new digital assets unit
Citigroup has named a new head of digital assets within the division housing its investment bank, and will hire an additional…
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JPMorgan offers to reimburse Hong Kong bankers’ quarantine costs
JPMorgan has told Hong Kong staff it will pay up to $5,000 back in compensation for their quarantine stay when…
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UBS names ex-Morgan Stanley exec Colm Kelleher as next chair
UBS Group named former Morgan Stanley executive Colm Kelleher to succeed Axel Weber as its next chairman, landing a prominent…
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London bank bosses are split on return to office: ‘It’s a shock to the system’
Three months on from a widespread reopening of London’s financial districts, and banks are taking different paths on the new…
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Keir Starmer calls for economic ‘reset’ after Brexit and Covid
Which MPs are raking it in from City law firms?Which MPs are raking it in from City law firms?The UK…
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Is The World Ready For A Self-Driving Car?
getty According to a new report from Bloomberg, Apple, Inc. is revving up plans to introduce its new autonomous EVs…
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Trading Places: Credit Suisse names Asia-Pacific head, Nomura poaches from Natixis
Job changes in the City may be starting to slow down as we approach the end of the year, but…
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Warren Buffet-backed Paytm falls sharply on first day of trading
MUMBAI — Shares in the owner of Indian mobile-payments company Paytm fell sharply on their first day of trading, after…
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FCA’s lead supervisor for asset managers quits: ‘It’s a big loss’
The Financial Conduct Authority’s head of asset management Nick Miller is set to leave the watchdog to join ratings agency…
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Equal Pay Day shows why the City needs to step up on diversity
Maike Currie is head of personal finance and markets content at Fidelity International. Thursday 18 November 2021 is Equal Pay…
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Lib Dem leader Ed Davey quits Herbert Smith Freehills consultancy job
The leader of the Liberal Democrats Sir Ed Davey has resigned from his role as a consultant to City law…
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