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Treasury faces ‘impossible’ task picking startups to rescue, says Burbidge

The Future Fund matches private investments in tech startups with taxpayer cash

A third of bank staff may stay working from home, says UBS COO

UBS chief operating officer Sabine Keller-Busse adds that workers may want to travel less in a post-coronavirus world

Private equity-backed NSO’s spyware used to target journalist, Amnesty claims

An investigation by Amnesty International has alleged that investigative journalist Omar Radi was spied on by the Moroccan government after his phone was infected using Novalpina-backed NSO's tools

Lufthansa set for showdown with billionaire investor Thiele over $10bn bailout

Thiele set to meet Germany’s economics minister to discuss his objections to state rescue package

New FCA chief ticks a lot of boxes: the Treasury is lucky he wanted it

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There is no perfect candidate for a job as challenging as CEO of the Financial Conduct Authority, but former LSE head Nikhil Rathi is a better outside pick than the government had any right to hope for

BlackRock says it is warming up to Europe, which could outgrow the US in second half of the year

Fund manager is impressed by the EU's financial response to the coronavirus outbreak

Thousands of finance workers being forced to take holidays

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Experts raised concerns that forcing staff to take holiday could have a negative impact on morale

Polar Capital profits drop on mixed performance

Boutique fund manager delivers a mixed bag of performance in 2019-2020, with profits retreating from their high

LSE boss named as new FCA chief executive

Nikhil Rathi is expected to take up the role in the autumn

Two more senior employees quit Revolut’s people team as it parts ways with MHP

The latest leavers were in the people operations team, which has seen a spate of departures in recent months

Despite digitisation, dealmaking still needs the personal touch

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The process of making, distributing, buying and selling is rarely fully automated and requires human design, intellect and interaction

Financial system ‘must not become reliant’ on central bank reserves, BoE governor says

Bailey argues that the scale of central bank's balance sheet must not become a permanent feature

Responsible investing will not save active funds if they underperform

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Stock pickers have held out hope that the volatile markets sparked by Covid-19 may give them an opportunity to prove their mettle — they had better not let investors down

London City Airport to restart routes to Ibiza, Florence, Málaga and Palma

Domestic routes to Edinburgh, Glasgow and Dublin will also restart

Short sellers made $2.6bn from Wirecard’s plunge, but not without scars

Short sellers, who borrow shares and sell them hoping to buy them back for less in the future, notched paper profits of $2.6bn off Wirecard’s plunge

City bosses push PwC to ditch noise tracker in traders’ homes

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The background noise tracker was part of a suite of PwC surveillance tools for finance firms, which includes devices that have been attacked for being too intrusive

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