yahoo finance news
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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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A little inflation is sign of success, not failure, for Bank of Canada’s Tiff Macklem
Breadcrumb Trail Links Economy Fearmongering over runaway inflation only complicates governor’s next challenge Author of the article: Kevin Carmichael Publishing…
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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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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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The Fed’s Favorite Price Index Rose 4 Percent. What Comes Next?
The Federal Reserve’s preferred measure of inflation climbed by 4 percent in June compared with a year earlier, as a…
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Key inflation indicator up 3.5% year over year in June for fastest gain since 1991
An inflation indicator that the Federal Reserve uses as its key guide rose 3.5% in June, a sharp acceleration that…
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China Targets Costly Tutoring Classes. Parents Want to Save Them.
Zhang Hongchun worries that his 10-year-old daughter isn’t getting enough sleep. Between school, homework and after-school guitar, clarinet and calligraphy…
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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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Macklem keeping inflation expectations in check with call not to overreact, economists say
Breadcrumb Trail Links News Economy ‘The Bank of Canada was there to prevent deflation when the economy plunged. We remain…
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Fed holds rates near zero, says economy has gotten better even with pandemic worries
The Federal Reserve on Wednesday held its benchmark interest rate near zero and said the economy continues to progress despite…
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Who Discriminates in Hiring? A New Study Can Tell.
Twenty years ago, Kalisha White performed an experiment. A Marquette University graduate who is Black, she suspected that her application…
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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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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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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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Canadian inflation slows but still tops Bank of Canada’s target
Breadcrumb Trail Links News Economy And the drop in June may only be momentary relief Author of the article: Bianca…
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Exploring the often fraught relationship between public spaces and social divides
Editor’s note: This brief is part of a three-part series which examines the economic, social, and civic impacts of public…
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Can Robinhood thread the needle for a winning IPO?
Initial public offerings can be a little bit like politics: a decent outcome may be when everyone is only a…
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‘Queen’s bank’ Coutts in bid to boost ethical credentials
The Queen’s bank is the latest lender to join the push towards ethical finance. Coutts has secured B Corp status,…
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Abrdn boss on why flexible working is here to stay: ‘We’ve proved remote work on a large scale can be effective’
The City is slowly stirring back to life, with the lifting of Covid restrictions in England on 19 July prompting…
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Will the Delta Variant Wreck the Recovery?
The good economic news, when it comes to the ascendant Delta variant of the coronavirus, is that it puts the…
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Workers’ Anxiety Grows as Covid Variant Casts a Shadow
For much of the pandemic, Amazon has offered free on-site Covid testing for employees. It incorporated a variety of design…
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The chairman of a House coronavirus subcommittee vows to investigate eviction practices by corporate landlords.
Just days before the federal moratorium on evictions is set to expire, lawmakers scrutinized the actions of corporate landlords that…
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Barclays names new capital markets leaders in latest shake-up
Barclays promoted a swathe of senior capital markets bankers as the UK lender continues to reshape the top of its…
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FCA puts size limit on UK Spacs as investors are in line for greater protections
Investors must be allowed to exit a special purpose acquisition company early if it wants to benefit from a smoother regulatory…
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Bankers now face compliance crackdown over Covid rule breaches
Compliance rules have always been a headache for City workers. During the pandemic, they are becoming a nightmare. Texts about…
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NatWest chair: Is central bank power getting out of control?
In the Forbes list of the World’s Most Powerful People for 2012, Ben Bernanke, then the chair of the US Federal…
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$30bn merger between Aon and Willis Towers Watson axed
Aon and Willis Towers Watson said they have agreed to terminate their roughly $30bn deal and end litigation with the Justice Department, which alleged…
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Starling Bank makes first acquisition with £50m deal for mortgage lender
Starling Bank agreed to acquire a buy-to-let specialist mortgage lender in a £50m deal, marking the fintech firm’s first acquisition…
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Credit Suisse sheds investment banking market share as Barclays looks to drive up ranks
Barclays recently overtook Credit Suisse in investment banking revenue, a sign that the UK bank’s long, frustrated push to be a major player…
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Don’t let the two-dose summer fool you — there is a long battle ahead against COVID-19
Breadcrumb Trail Links News Economy Kevin Carmichael: We can’t ignore the reality that COVID has refused to let go of…
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U.S. inflation just topped 5 per cent. Is Canadian inflation next?
Breadcrumb Trail Links News Economy Prices have steadily climbed since the start of the year and the Bank of Canada…
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QR Codes Are Here to Stay. So Is the Tracking They Allow.
SAN FRANCISCO — When people enter Teeth, a bar in San Francisco’s Mission neighborhood, the bouncer gives them options. They…
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These banks now pay 20-somethings starting salaries of $100,000 or more
The world’s largest investment banks have hiked junior banker pay to six figures over the course of the past month…
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The stage is set for a dramatic encore of the experience economy
By 2030, more than two thirds of the global population is expected to be middle class, with most of the…
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Sales of existing homes rise slightly as more listings finally hit the market
After four straight months of declines, sales of previously owned homes rose 1.4% in June month to month to a…
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‘Cheap money is not the answer’, departing BoE chief economist Haldane says
Cheap money will not fix the UK economy’s issues as the country moves out of the Covid-19 crisis, Bank of England chief…
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JPMorgan to acquire UK digital wealth manager Nutmeg
JPMorgan is to acquire digital wealth manager Nutmeg as part of plans to launch a challenger bank brand in the…
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Trading Places: Credit Suisse, HSBC shake up top ranks
Credit Suisse has shaken up the senior ranks of its investment bank, promoting long-serving dealmakers in London and New York…
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Citigroup’s 240 London interns set to come into the office this summer
Citigroup has opened its Canary Wharf office to 240 interns arriving at the bank on Monday, following Wall Street rivals…
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Aviva plans to shrink in order to grow in investment management
What is Aviva going to do about its underperforming Aviva Investors asset management arm, demanded Philip Meadowcroft at the insurance…
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Ex-FCA boss warns over politicising of Brexit rules
As if Brexit could get any more political. Political interference in rule-making could risk damaging the financial sector’s post-Brexit future,…
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New ETFs dabble in meme stocks
Some brand new exchange-traded funds are dabbling in meme stocks, chasing returns in a bid to pull in assets. Shares…
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Asset managers need to slash costs to survive as EY warns ‘good times’ are soon over
Asset managers will need a significant overhaul to their business models if they are to survive the next five years, and…
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Blackstone backs Stripe rival with €665m fundraise
Dutch payments startup Mollie has secured a €665m capital boost in one of the largest fintech funding rounds in Europe this…
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JPMorgan Asset Management buys timber investment firm with $5.3bn AUM
One of the biggest names on Wall Street is getting into the timber business, and a big part of its…
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Bitcoin slips further as China cracks down on cryptos with stricter fundraise curbs
The price of bitcoin and other cryptocurrencies slid on 21 June after China’s central bank ordered the country’s largest banks and…
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KPMG says Silentnight pensioners were not harmed by its misconduct
A lawyer for KPMG has denied that pensioners from mattress company Silentnight were harmed because of misconduct by one of…
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FCA looks to open listing rules again in post-Brexit battle for IPOs
The City regulator is looking to remove barriers for companies to list in London as the English capital fights to…
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