Article Archive | Financial News London

February 2021

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Article Archive

February 23rd, 2021

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EU regulator to probe zero-commission stock trading: ‘There’s no such thing as a free lunch’

By

Emily Nicolle

2021-02-23T16:29:23Z

3 min read

GameStop Esma Fintech Reddit Trading Asset Management

Steven Maijoor, chair of the European Securities and Markets Authority (ESMA), says business models adopted by Robinhood and others present a conflict of interest

‘A necessity, not a token’ – What it’s like to be LGBTQ+ in fintech and the City

By

Emily Nicolle

2021-02-23T14:30:13Z

7 min read

The Fintech Files Fintech Diversity Santander

Walking the walk – but for many in the financial sector it is not easy to be open about one’s sexuality

Neil Woodford’s comeback doomed from the start as ‘misled’ investors balk

2021-02-23T14:11:22Z

4 min read

Neil Woodford FCA Asset Management View

Neil Woodford's biggest obstacle to his comeback may be the fact his ambitions appear to have caught financial regulators by surprise

Tesla’s $1.5bn crypto bet triggers companies to explore bitcoin

By

Emily Nicolle

2021-02-23T13:17:05Z

3 min read

Hedge Funds Fintech Bitcoin Asset Management Cryptocurrency

Tesla announced earlier this month that it had bought $1.5bn worth of bitcoin in a bid to “maximise returns”

Wells Fargo strikes $2bn deal to offload asset management business

2021-02-23T12:48:56Z

2 min read

Wells Fargo Asset Management M&A

Nomura starts mentor-matching plan for junior bankers in lockdown

By

Paul Clarke

2021-02-23T12:18:13Z

2 min read

Nomura Lockdown Investment Banking People Junior Bankers

Nomura is among banks looking to connect juniors with the senior ranks as locked-down staff suffer

Linklaters set to become second Magic Circle law firm to elect female senior partner

By

James Booth

2021-02-23T11:31:21Z

2 min read

Linklaters Legal Services Diversity

Claudia Parzani is in the running to be made senior partner at Linklaters

Standard Life Aberdeen paves way for rebrand after fresh deal with Phoenix

2021-02-23T10:21:17Z

2 min read

Martin Gilbert Asset Management Standard Life Aberdeen

Standard Life Aberdeen will undergo a rebrand after selling its Standard Life moniker to Phoenix Group

Bitcoin fall pushes Jeff Bezos to overtake Elon Musk as world’s richest man

By

Bérengère Sim

2021-02-23T10:00:02Z

2 min read

Fintech Tesla Cryptocurrency

According to Bloomberg Billionaires Index, Jeff Bezos ranks as the world’s richest man

Travel and hospitality stocks boosted on Boris Johnson’s plan to lift UK lockdown

By

Bérengère Sim

2021-02-23T09:53:59Z

1 min read

Covid Coronavirus Covid-19 Markets Stock Market

HSBC plans 40% office space cut as Covid shifts bank to flexible working

By

Paul Clarke

2021-02-23T09:19:49Z

3 min read

Remote Working Investment Banking People HSBC

Cranes stand at Wood Wharf, a development by the Canary Wharf Group, beyond the HSBC building, in Canary Wharf, London. The bank is planning to reduce its real estate holdings by 40%

HSBC’s top investment banker bonuses fall by 11% as job cuts take hold

By

Paul Clarke

2021-02-23T07:32:46Z

2 min read

Investment Banking HSBC

The illuminated HSBC headquarters at night in Hong Kong, China. The bank reported on 23 February that its overall bonus pool was down 20.4% to $2.7bn, with payments favouring Asia where performance outstripped other regions

HSBC plans $6bn in Asia investments as profits slump by 34%

By

Paul Clarke

2021-02-23T06:42:43Z

4 min read

earnings Investment Banking HSBC

HSBC, led by Noel Quinn, unveiled a host of new cost-cutting measures and a strategic shift towards its biggest market of Asia

Former Fidessa chair joins PwC spin-out

By

Lucy McNulty

2021-02-23T00:01:22Z

1 min read

Accountancy Fintech PwC

PwC sold LikeZero last November, amid regulatory scrutiny on conflicts of interests within the sector

Mood lighting, showers and lots of masks — The post-Covid City office is coming

By

Bérengère Sim

and

Emily Nicolle

2021-02-23T00:01:03Z

6 min read

Office space Remote Working Coronavirus London People Property

Some see the pandemic ushering in a new era for office life for years to come

Billionaire fund manager Alan Howard takes stake in British bitcoin startup

By

Emily Nicolle

2021-02-23T05:01:30Z

2 min read

Hedge Funds Fintech Bitcoin Asset Management

British startup, Bottlepay have received backing from Alan Howard, Fintech Collective, New York Digital Group and Phil Doye in an £11m seed funding round