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Overworked bankers say lockdown makes them happier and healthier

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The findings are enlightening, as many bankers have been forced to work from home for the first time ever

Schroders appoints new global head of sustainable investment

Andy Howard, the group’s head of sustainable research, will take over from Jessica Ground

KPMG asks staff to take 40% of holiday by end of June

The firm has made the request to ensure that holiday is distributed evenly throughout the year and to make sure staff are taking a break from work amid the stress of the pandemic

Fintech consultancy lays off 12% of staff amid Covid-19 pressure

Twenty-two staff to go at 11:FS in direct response to impact of pandemic on growth prospects

Beware as Wall Street takes stock directly to the consumer

At-the-market deals are often deployed by smaller public companies but lately bigger names have taken advantage as well

EU to shrink Chinese, US influence in bloc’s economy

The proposals fit changing attitudes in the EU over the past year toward China, which the bloc has labelled an economic and political rival

Insurers put brakes on investments that make risky loans safe

After a decadelong chase for yields, US insurance firms ended up with about $158bn of CLO debt on their books, almost one-quarter of the entire US market for CLOs

Watchdog slaps Commerzbank with £38m fine over money laundering failures

Commerzbank  failed to conduct 'timely periodic due diligence on its clients' and to address 'long-standing weaknesses' in an automated money laundering prevention tool

Financial News reader poll: Black Lives Matter and coronavirus impact

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Take our short, anonymous reader survey on what these two unprecedented social upsets mean for the City

Clifford Chance advised German government on Covid-19 tracing app

Software company SAP and telecommunications firm Deutsche Telekom who were both responsible for delivering the app

Morgan Stanley sued by former diversity chief over discrimination

Marilyn Booker says she was sacked by the bank after her plan to assist BAME employees was rejected

Barclays’ lawyers accuse Staveley of inventing story over £66m Qatar fee

Staveley was put on the spot over why she didn’t raise her concerns about the £66m fee with Barclays or her own firm's lawyers as soon as she noticed it in a draft press release being written at the time of the deal

Appeals Court rules for stock exchanges in fee fight with the SEC

Judges for a federal appeals court handed stock exchanges a victory by ruling their regulator can’t order them to experiment with trading fees

HSBC boss restarts 35,000 job cull, saying overhaul now ‘even more necessary’

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The bank scrapped a plan to pause job cuts during the pandemic as the virus hammers profitability

Private equity firms move fast to buy up public tech companies — report

Potential targets for buyouts include security-focused companies such as SecureWorks and A10 Networks, according to PitchBook

Banking lobby chief resigns over sexist comments to be revealed in Staveley case

Jones is due as a witness in the £1.5bn High Court case in July

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