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Barnier rejects UK’s post-Brexit proposals for City of London

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Barnier said the UK’s requests would severely limit EU autonomy, and argued that because the UK has chosen to leave the EU's single market, ‘things have to change’

UBS settles harassment case with former junior trader

The woman withdrew her claim after reaching a 'mutual resolution' with the bank

Hedge fund launches fall and liquidations soar in Q1 2020

Liquidations have now exceeded launches for seven consecutive quarters

Traders and fund managers renew calls for lower market data fees

Market data fees have been a source of concern and tension in markets for several years

UK on track for V-shaped recovery, says Bank of England chief economist

Andy Haldane also said that the most important risk was a return to 1980s levels of unemployment

Regulator reports spike in retail crypto investment

Research showed a 1.1m increase in the number of consumers who have bought cryptocurrencies

Carlyle to purchase majority stake in Envea valuing the French company at €186m

Carlyle is looking to acquire approximately 55.8% of the share capital of Envea, representing about 63.6% of theoretical voting rights

Is now the time for fintech investors to keep their powder dry?

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

Investment groups tell Euronext to call time on current trading hours

The lobby group had already made its position clear when responding to an earlier consultation by the LSE

JPMorgan star dealmaker Vereker set to jump to Santander after only five months

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Wall Street holds dividends steady after stress tests — except for Wells Fargo

JPMorgan Chase, Citigroup, Bank of America, Goldman Sachs and Morgan Stanley are maintaining their shareholder payments, but the US' fourth-largest bank will have to make cuts

European dealmaking tumbles to 23-year low as virus fallout crushes demand

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The pandemic and resulting economic slump have clobbered appetite for M&A deals, especially in Europe

Jefferies doubles sales and trading revenues in record quarter

The investment banking unit – which comprises M&A, equity and debt capital markets –  was down by 29% on the second quarter of 2019 to $316.2m, largely because of a 47% drop in its debt banking business

Ex-Citi banker to be Standard Life Aberdeen’s new CEO

Stephen Bird will start his new role on 1 July as Keith Skeoch steps down after five years

UK household spending drops to record lows as government re-opens economy

Spending in the UK dropped by £9.5bn, according to the ONS's latest figures

Sales of new collateralised-loan obligations hit their fastest pace in early June since pandemic shutdowns began

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