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BlackRock backs Members Exchange, bringing start-up’s total pot to $135m

The world's largest asset manager has secured a seat on the low-cost stock-exchange start-up's board

Hedge funds pile into crypto trading as volatility surge lures new players

Huge returns from the recent surge in volatility have lured hedge funds to pile into crypto. It's a risky bet

Why the Covid-19 share scare makes it harder for fintech to attract top talent

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Welcome to your weekly roundup of the latest developments in financial tech and innovation

Royal Bank of Canada shifts London internships online

The students will take part in a virtual office experience at RBC’s new 100 Bishopsgate office

There is a $90bn opportunity to buy stakes in private equity firms, says Investcorp

The impact of the coronavirus will lead to an increase in demand for permanent capital from GPs, the asset manager argues

Chancellor extends furlough scheme until end of October

The job retention scheme will remain unchanged until July, and employers will be able to bring back workers part-time from August

Virus trading bonanza hands Wall Street banks even more market share over Europe rivals

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US giants won about two-thirds of sales and trading market share in the first quarter, speeding up a years-long trend

Are investors now playing with home advantage?

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Anecdotal evidence suggests most investors are enjoying their work more at home. What being out of the office will  mean for their performance remains to be seen

Forget hot-desking, and bring your own lunch: the new back-to-work guidelines in detail

The guidelines come as Boris Johnson faced criticism for sending confusing messages about the next phase of lockdown

KKR returns to German media group ProSiebenSat.1 after six years

The buyout group has reinvested in the business it held between 2006 and 2014

Goldman Sachs tells interns their summer programme will be fully online

The US bank followed Wall Street rivals in telling interns they won't get to see the office at all amid the pandemic

BlackRock’s biggest investor PNC to sell off 22% stake

PNC bought into BlackRock in 1995 for roughly $240m, and the stake has yielded handsomely — the shares are worth roughly $17bn today

Bankers are at relatively low risk from coronavirus, latest data suggests

Finance workers have low exposure to the virus through their jobs, according to the Office for National Statistics

Standard Life Aberdeen says only ‘modest’ hit from pandemic

In pre-AGM statement, asset manager updates market on £24bn of net outflows for 2020, but says this was due to a long-planned contract withdrawal

In the asset-management division, which includes US fund manager Pacific Investment Management Company, operating profit rose 19%

‘The hardest thing’: Work in the time of chronic pain and Covid-19

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Kiri Self, chief operating officer of the London Derivatives Exchange Group, talks to Financial News about her experience returning to work from a life-changing surgery and being high risk during the Covid-19 lockdown

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