yahoo finance
- Finance
Fed Chair Powell Offered a Patient Message. Markets Quivered Anyway.
Jerome H. Powell, the chair of the Federal Reserve, said he and his colleagues have a “high standard” for what…
Read More » - Finance
Schroders boss says Spacs will help City ’embrace new world’
Peter Harrison, chief executive of FTSE 100 listed asset manager Schroders, says proposals designed to encourage international companies to list in…
Read More » - Finance
Spacs in the UK? Everything you need to know about Lord Hill’s IPO and listing review
Lord Hill’s review of the UK’s listing regime has recommended a series of reforms aimed at making the UK a…
Read More » - Finance
Credit Suisse spotted early signs of trouble brewing at Greensill Capital
Credit Suisse Group knew since 2019 that supply-chain finance funds it ran with Greensill Capital were too reliant on a…
Read More » - Finance
FCA bans ex-Stifel trader for market abuse
The Financial Conduct Authority has banned a former Stifel Nicolaus Europe market-making trader from regulated activity and fined him £52,500…
Read More » - Finance
Deliveroo picks London for $7bn IPO
Food delivery company Deliveroo has chosen London for its initial public offering. In a 4 March press release, the firm…
Read More » - Finance
Investors Are Focused on Treasurys. Here’s What the Fed Could Do.
Longer-term interest rates have jumped in recent weeks, a move that has been broadly interpreted as a sign that investors…
Read More » - Finance
German watchdog orders Greensill Bank to close, halts firm’s acceptance of new payments
German regulator BaFin has slapped a ban on Greensill Bank for disposals and payments, and ordered it to close. The Federal Financial…
Read More » - Finance
Walmart says it will support U.S. manufacturers with $350 billion of added business
A worker delivers groceries to a customer’s vehicle outside a Walmart Inc. store in Amsterdam, New York, on Friday, May…
Read More » - Finance
Private payrolls growth well short of expectations for February, ADP says
Private payroll growth disappointed in February despite otherwise encouraging signs of economic growth, according to a report Wednesday from ADP.…
Read More » - Finance
Greensill Capital planning insolvency amid deal talks with Apollo
Embattled financial startup Greensill Capital plans to file for insolvency in the UK this week, as it simultaneously moved towards…
Read More » - Finance
Biden Gains Two Key Economic Advisers
WASHINGTON — The Senate confirmed two key members of President Biden’s economic team on Tuesday, ushering in Gina Raimondo, the…
Read More » - Finance
City hedge fund manager’s suicide indicative of wider sector Covid stress
A hedge fund manager who took his own life last year was experiencing high stress amid a tough time for…
Read More » - Finance
M&G pledges to end thermal coal investments
M&G, the UK-listed fund management group, will begin to phase out coal across its investments, making it the latest asset…
Read More » - Finance
Fed policy changes could be coming in response to bond market turmoil, economists say
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott |…
Read More » - Finance
Amazon Workers’ Union Drive Reaches Far Beyond Alabama
Players from the National Football League were among the first to voice their support. Then came Stacey Abrams, the Democratic…
Read More » - Finance
Covid-19 is causing a ‘shecession’ as pandemic impacts gender equality at work
The pandemic is causing a “shecession”, as progress for women in work falls back to 2017 levels, a PwC report…
Read More » - Finance
Execs at City watchdog FCA face pay cuts amid fallout from LCF collapse
The City watchdog’s executive committee members face pay and bonus cuts as part of the fallout from the collapse of…
Read More » - Finance
Six cases of Brazil variant detected in the UK: Here’s what you need to know
The UK’s health officials are desperately trying to locate an individual who was infected with a strand of the coronavirus…
Read More » - Finance
How Can Biden Bring Back Manufacturing Jobs? Weaken the Dollar
Dr. Gagnon estimates that as a result of these forces, the dollar was 10 to 20 percent above its expected…
Read More » - Finance
Klarna valued at $31bn after Swedish fintech raises $1bn from funding round
Swedish payments giant Klarna has closed a fresh $1bn financing round, pushing the company’s valuation up to $31bn ahead of…
Read More » - Finance
Credit Suisse suspends $10bn in funds tied to Greensill
Credit Suisse said it suspended a group of private investment funds tied to supply-chain finance assets created by SoftBank-backed specialty-finance company Greensill…
Read More » - Finance
Jane Fraser tasked with refreshing Citigroup
Jane Fraser wants to simplify Citigroup the original megabank. That won’t be easy. On 1 March, Fraser took over as chief executive…
Read More » - Finance
EU signals short-selling crackdown amid GameStop mania — raising ire among market bears
Short-sellers could be faced with increased scrutiny when targeting European companies following the GameStop furore in the US, according to…
Read More » - Finance
They Were on Equal Footing. Then the Ground Shifted.
“You just got to scrape along and gut it out,” he said. “We’re really struggling to get by.” But in…
Read More » - Finance
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…
Read More » - 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
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
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
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
Here’s why jobless claims are the wrong way to understand unemployment in the U.S.
The number of individuals filing first-time claims for state unemployment benefits fell sharply last week, with a total of 730,000…
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
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…
Read More » - Finance
Powell Says Better Child Care Policies Might Lift Women in Work Force
Jerome H. Powell, the Federal Reserve chair, suggested on Wednesday that improved child care support policies from the government might…
Read More » - Finance
Biden Looks to a Consensus Builder to Heal a Democratic Rift on Trade
WASHINGTON — The negotiations lasted late into the evening, leaving some members of Congress shouting and pounding the table in…
Read More » - Finance
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…
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
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
These short sellers are making a killing in defiance of GameStop’s retail army
It’s only February, but it’s already been a rough year for short-sellers. Amid a GameStop retail army that has piled…
Read More » - Finance
BMO, Scotiabank see economic winds favouring U.S. amid speedier vaccine rollout
Breadcrumb Trail Links News Economy Canada’s recovery may lag its southern neighbour by up to six months Author of the…
Read More » - Finance
Powell Focuses on Economic Need at Key Moment in Markets and Politics
The American economy remains far from healed and the Federal Reserve is in no hurry to dial back its support,…
Read More » - Finance
How New Jersey Averted a Pandemic Financial Calamity
“Even as we continue to confront the pandemic’s challenges, we cannot — and we will not — sit still,” 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
Powell says inflation is still ‘soft’ and the Fed is committed to current policy stance
Inflation and employment remain well below the Federal Reserve’s goals, meaning easy monetary policy is likely to stay in place,…
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
Bitcoin fall pushes Jeff Bezos to overtake Elon Musk as world’s richest man
Elon Musk no longer holds the title of the world’s richest man after Tesla’s shares dropped 8.6% on February 22,…
Read More »
