Content Types
- Finance
Goldman Sachs hikes junior banker pay to $110,000 as salary battle sweeps Wall Street
Goldman Sachs is raising salaries for junior bankers, following the vast majority of its main rivals as Wall Street’s focus on burnout…
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Boom time for the City’s law firms as deals drive record profits and pay
The City’s legal market is running white hot, if figures coming out of its leading lights are anything to go…
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Top Credit Suisse investor backs board after scathing Archegos report
One of the largest shareholders in Credit Suisse has their reaffirmed support for senior executives at the Swiss lender, despite…
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Dow futures climb nearly 200 points to kick off August trade
U.S. stock futures advanced on Monday, as investors eyed progress on an infrastructure bill, merger activity and a sign that…
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Schroders CEO says he won’t chase M&A at any cost: ‘Culture is hard to get right’
The chief executive of Schroders says he’s not prepared to compromise on culture in order to strike a transformative fund…
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Square bags $29bn deal for Afterpay as fintechs fight banks in payments sector
Square has agreed to acquire Afterpay in an all-stock deal worth around $29bn, illustrating how financial technology companies are seeking scale to challenge…
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Jefferies tells staff to get Covid-19 jab before coming back to the office
Jefferies will only allow employees back into its offices if they have been vaccinated against Covid-19, as executives raise concerns…
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Should office returners be paid more? Goldman Sachs looks at the future of hybrid working
Firms could end up hiking pay for employees who have to come into the office every day, according to a Goldman…
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Fidelity pledges 45% of board roles to be held by women by 2024
Fidelity International pledged to bolster the number of women in senior roles across its business over the next three years…
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Looking for Love Post-Lockdown? Niche Dating Apps Are the Next Big Thing
AFTER A LONG and lonely lockdown, Theresa Causa was ready for love. To find it, the 40-year-old nurse practitioner in…
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Amazon Hit With Record EU Privacy Fine
Amazon.com Inc. has been fined 746 million euros, equivalent to $887 million, by a European Union privacy regulator for violations…
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New COVID-19 cases in Florida break single-day record
ORLANDO, Fla. (AP) — Florida reported 21,683 new cases of COVID-19, the state’s highest one-day total since the start of…
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Olympic loss for tennis star Djokovic who loses to Germany’s Zverev
TOKYO (AP) — There will be no Golden Slam for Novak Djokovic. The top-ranked Serb lost to Alexander Zverev of…
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CDC data show 74% of people who tested positive for the virus in Massachusetts outbreak were fully vaccinated
A federal investigation into a COVID-19 outbreak earlier this month in a Massachusetts county that’s home to Cape Cod found…
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‘It feels like we are getting hit by a train’: Florida’s coronavirus cases jumped 50% this week
FORT LAUDERDALE, Fla. (AP) — Florida’s coronavirus cases jumped 50% this week, the state Health Department reported Friday, continuing a…
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2-year and 10-year Treasurys in July book largest monthly yield drop since March of 2020
Treasury yields ended lower on Friday, with the 2- and 10-year rates notching their biggest one-month drops in over a…
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Texas, Oklahoma to join SEC in 2025
After the boards of regents for the universities of Texas and Oklahoma voted Friday to accept invitations to the Southeastern…
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Trump told Justice Department officials to declare election results ‘corrupt’ and ‘leave the rest to me and the [Republican] Congressmen’: contemporaneous notes
WASHINGTON (AP) — President Donald Trump urged senior Justice Department officials to declare the 2020 election results “corrupt” in a…
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Binance rolls back European derivatives business
Binance, the world’s largest cryptocurrency exchange, will cease offering futures and derivatives products to investors in some European countries amid…
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CDC expected to release data that informed reconsideration of face masks, says delta variant of COVID means the ‘war has changed’
The Centers for Disease Control and Prevention is expected to release data later Friday about the spread of the delta…
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U.S. consumer sentiment falls in July as inflation expectations hit 13-year high
The numbers: The second and final reading of the University of Michigan’s consumer sentiment index fell to 81.2 in July…
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Damning Archegos report slams ‘lackadaisical’ attitude to risk at Credit Suisse
Credit Suisse’s $5.5bn loss from the collapse of family office Archegos Capital was down to a “fundamental failure of management”…
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Lazard CEO Jacobs set for 12 star dealmaker hires amid record second quarter
Lazard is continuing to hire senior dealmakers amid an M&A boom that has pushed the independent investment bank to a record…
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Consumers boost spending in June and spearhead U.S. economic recovery
The numbers: Freed from most Covid restrictions Americans spent liberally in June on travel, vacations and other services they shunned…
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Monzo faces FCA scrutiny over financial crime controls
Monzo has warned for the second consecutive year that there is “material uncertainty” over whether it can turn a profit…
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Trading Places: Credit Suisse nabs Goldman risk boss; Barclays’ overhaul rages on
As Credit Suisse continues to reel from scandal, the bank tapped a Goldman Sachs executive as its next chief risk…
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Freshfields profit per partner gains to almost £2m in wake of Magic Circle pandemic boom
Freshfields Bruckhaus Deringer has become the latest major law firm to report a jump in revenue and profit as the City’s legal sector…
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Bank of America hires Goldman’s Malhotra in leverage finance leadership role
Bank of America re-hired a senior Goldman Sachs dealmaker to lead its leveraged finance origination business in Europe. Uday Malhotra…
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NatWest Swung to 2Q Pretax Profit, Resumes Dividend, to Launch GBP750 Mln Share Buyback — Update
By Sabela Ojea NatWest Group PLC on Friday reported a swing to a pretax profit ahead of market views for…
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BNP Paribas equities trading revenues double as push continues
BNP Paribas’ ongoing push into equities trading led to a record quarter for the unit, but its investment bank revenues still…
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Robinhood suffers stock price dip after hyped IPO
Robinhood, the trading app synonymous with hot stocks, got a cold reception from investors in its own stock-market debut. The investing…
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Gold rallies to a more than 6-week high after Fed policy update and weaker-than-expected U.S. economic data
Gold futures rallied on Thursday, buoyed by weaker-than-expected U.S. economic data, even as the Federal Reserve indicated Wednesday that the…
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Amazon stock falls 5% as pandemic sales boom appears to stall
Amazon.com Inc. sales growth slowed down in the second quarter of the year as bricks-and-mortar stores reopened across the U.S.,…
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Biden expected to outline requirement for federal workers to get vaccinated or face regular tests in latest push for U.S. vaccine program
President Joe Biden is expected to announce later Thursday a plan to require all federal employees to either get vaccinated…
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Robinhood set to receive a lukewarm reception on Wall Street
Robinhood Markets Inc., which has disrupted Wall Street with its no-fee trading app, is set to receive a rather lukewarm…
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Treasury yields’ gains fade after U.S. GDP report, jobless claims
U.S. Treasury yields gave up some of their earlier rise on Thursday as fixed-income investors weighed a report on second-quarter…
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The U.S. grew at a 6.5% rate in the spring, GDP shows, as economy rallied from Covid
The numbers: The U.S. grew at a blistering pace in the spring and repaired much of the damage caused by…
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U.S. stock futures edge higher ahead of GDP report, Robinhood debut
A previous version incorrectly identified the housing-market indicator due for release. It’s pending-home sales. U.S. stock futures edged higher Thursday…
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Jupiter’s Bonham Carter on why he’s sceptical about Spacs
City fund management veteran Edward Bonham Carter has called into question the investor benefits of so-called special purpose acquisition companies,…
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View: Why quashing Tom Hayes’ Libor conviction could spell a new era for the City
Tom Hayes stands within a whisker of rewriting his role in one of the biggest scandals to grip financial markets…
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Q&A: Inside EToro’s Spac plans
The Spac boom might be fading away, but trading platform EToro has high hopes that going public through a blank-cheque…
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Robinhood prices IPO at bottom of range on tepid demand
Robinhood priced its initial public offering at $38 a share, at the low end of expectations, after the popular trading…
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Nokia Raises FY Sales Guidance
By Dominic Chopping Nokia Corp. on Thursday posted a forecast-beating rise in second-quarter net profit and raised guidance, driven by…
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Barclays unveils new M&A leaders in Europe as shake-up continues
Barclays named new leaders of its European mergers and acquisitions team in Europe, the latest shake-up at the UK lender’s…
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Barclays dealmakers post record quarter despite sharp fall in fixed income trading
Barclays investment bankers posted a record quarter despite a 40% slump in fixed income trading revenues as fees surged during…
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Schroders appoints Dame Elizabeth Corley as new chair
Schroders has appointed Dame Elizabeth Corley to succeed Michael Dobson as chair of the £700bn asset manager. The firm announced that…
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Nestle 1H Sales CHF41.76B
By Giulia Petroni Nestle SA said Thursday that net profit rose in the first half and raised its full-year organic…
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Ex-Lanistar staff allege bullying, sexism, and a ‘loser’s table’ for missing targets
Staff at celebrity-promoted fintech startup Lanistar were routinely sexually harassed and bullied over the past year, according to the accounts…
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Hire ‘poor, hungry kids’ instead of ‘entitled’ grads to solve banker talent crisis, Xavier Rolet says
Investment banks should hire “poor, hungry” graduates if they want to stave off a crisis among junior bankers, which are rebelling…
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Google delays workers’ return to the office until mid-October, and will require vaccinations
SAN RAMON, Calif. (AP) — Google GOOG, -0.30% is postponing a return to the office for most workers until mid-October…
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