Article Archive | Financial News London

March 2021

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Article Archive

March 22nd, 2021

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Goldman Sachs CEO Solomon promises to beef up junior ranks after scathing survey

By

Paul Clarke

2021-03-22T18:10:11Z

2 min read

Pay and Bonuses Investment Banking People Junior Bankers Goldman Sachs

Goldman boss David Solomon told juniors: 'We’re here to provide support and guidance. This is not easy, and we’re working hard to make it better'

Boris Johnson warns of ‘third wave’ amid EU threat over vaccine supplies

By

Emily Nicolle

2021-03-22T15:11:33Z

2 min read

Coronavirus Politics Vaccine Boris Johnson

UK Prime Minister Boris Johnson during a visit to BAE Systems at Warton Aerodrome in Preston on 22 March. Johnson has warned that a third wave of coronavirus infections could ‘wash up on our shores’ from Europe, as cases increase on the continent

Property giants urge renewal of rates talks for Covid-hit offices: ‘It’s a massive issue for the City’

By

James Booth

2021-03-22T14:24:47Z

2 min read

Covid-19 Real Estate Tax

Many offices that have been forced to close due to the pandemic have not been eligible for business rate relief. There have been an estimated 400,00 appeals against business rates on the grounds that the pandemic was a material change of circumstance

Revolut applies for US banking licence following Canada exit

By

Emily Nicolle

2021-03-22T14:00:03Z

2 min read

Fintech Revolut Banking

Digital bank, Revolut has an application is underway to expand its UK e-money licence to a full banking authorisation, enabling the startup to begin lending in the US

Citi’s new plan to ease junior banker stress would limit pitchbooks to 15 pages

By

Paul Clarke

2021-03-22T13:22:00Z

3 min read

Citigroup Coronavirus Investment Banking People

Citi unveiled new initiatives for juniors under a new scheme called Work Smart, aimed at cutting back in unnecessary, time-consuming work

Pandemic lending powers up OakNorth profit to £78m

By

Emily Nicolle

2021-03-22T11:51:43Z

3 min read

OakNorth Fintech Banking

Rishi Khosla, OakNorth’s chief executive and co-founder, said the bank had made an effort to be “conservative” in assessing its preparedness for future lockdowns

Apollo appoints Marc Rowan as chief after Leon Black exit

By

Emily Nicolle

2021-03-22T11:17:11Z

2 min read

Private Equity Apollo Global Management

Marc Rowan, co-founder and senior managing director of Apollo Global Management will replace Leon Black as chief executive

Nomura hires Macquarie dealmaker Russell amid M&A surge

By

Paul Clarke

2021-03-22T11:15:01Z

1 min read

Nomura Investment Banking M&A

Stocks influencers Musk, Wood and Palihapitiya et al have a huge band of devoted followers

By

Akane Otani

2021-03-22T10:57:28Z

5 min read

The fight for UK clearing rights in Europe is a big democratic opportunity

2021-03-22T10:03:59Z

5 min read

Brexit Regulation View

Federated Hermes international boss: Why the future of fund management is stewardship

2021-03-22T10:02:56Z

3 min read

Federated Hermes ESG View

Nomura hires former Bank of America FX sales chief for senior role

By

Paul Clarke

2021-03-22T09:56:42Z

1 min read

Nomura Investment Banking People Trading On the move

FCA refuses to budge on Woodford probe

2021-03-22T09:28:21Z

2 min read

Neil Woodford Hargreaves Gina Miller Asset Management

Neil Woodford, fund manager and the founding partner of Woodford Investment Management

Odey Asset Management loses tax battle over executive pay

By

James Booth

2021-03-22T09:27:45Z

2 min read

Hedge Funds Odey Asset Management HMRC Tax Crispin Odey

Crispin Odey, and his wife, Nichola Pease. HM Revenue and Customs said it was owed income tax because of the way a renumeration policy used by Odey Asset Management for its partners was operated

EU could block Covid-19 vaccine supplies to UK as feud deepens

By

James Booth

2021-03-22T08:17:37Z

2 min read

EU Coronavirus Covid-19 Vaccine Ursula von der Leyen

Deliveroo set for £8bn market cap on IPO as food orders surge

By

Penny Sukhraj

2021-03-22T08:08:09Z

1 min read