Article Archive | Financial News London

May 2021

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Article Archive

May 26th, 2021

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26

Downing Street sidesteps questions on whether PM planned to sack Hancock

By Lucy McNulty

2021-05-26T13:27:58Z

2 min read

Coronavirus Politics

Dominic Cummings accused Matt Hancock of a series of critical failures during the course of the pandemic and claimed that Johnson had considered sacking him in early 2020

London’s IPO race is heating up — Here’s which investment firm could float next

2021-05-26T12:49:05Z

7 min read

Asset Management IPOs

eToro has spent big money to rope in stars like actor Alec Baldwin to front its glossy advertisements

Police sound warning over social media sites driving scam investments

By Penny Sukhraj

2021-05-26T11:51:21Z

2 min read

Fintech Cryptocurrency

Instagram was the most referenced platform (35.2%), followed by Facebook (18.4%) according to a 26 May report from Action Fraud, the national reporting centre for fraud and cyber crime

‘Meme stock’ ETF targets retail investor boom

By

Thornton McEnery

2021-05-26T11:32:35Z

2 min read

Asset Management ETFs cryptocurrencies

The sudden rise and obvious power of the retail trading movement has created a new market dynamic

Government feared lockdown would trigger bond market collapse, Cummings says

2021-05-26T11:22:45Z

2 min read

Coronavirus Politics Boris Johnson

Cummings also savaged secretary of state for health Matt Hancock, who he accused of lying and said should have been removed from his position

Dominic Cummings says he would have put a ‘dictator’ with ‘kingly powers’ in charge of Covid-19 response

2021-05-26T10:59:35Z

2 min read

Coronavirus Boris Johnson

Cummings described the problems of lack of accountability in government as like the 'Spider-man meme' where there are two spider-men pointing at each other

Refinitiv boss to step down from London Stock Exchange data helm

By Emily Nicolle

2021-05-26T10:39:18Z

2 min read

Trading Refinitiv On the move LSE

Johnson was urged to promote ‘chicken pox’ parties for Covid-19 herd immunity, claims Cummings

2021-05-26T10:19:45Z

3 min read

Coronavirus Boris Johnson

Cummings told MPs that the government's plans were wrong

GAM joins rush to Asia growth with new Singapore office

By David Ricketts

2021-05-26T09:19:59Z

2 min read

GAM Asia Asset Management

Several foreign asset managers have grown their footprints in Asia recently

US banking chiefs to urge need for controls in cryptocurrency sector

By Bérengère Sim and James Booth

2021-05-26T08:39:56Z

2 min read

Citigroup Wells Fargo

Jane Fraser, chief executive officer for Citigroup said the bank is 'focusing resources and efforts to understand changes in the digital asset space and the use of distributed ledger technology'

GameStop set to launch Ethereum-powered platform for NFTs

By Emily Nicolle

2021-05-26T08:32:08Z

2 min read

GameStop Fintech Blockchain Cryptocurrency

GameStop launched a new website on 25 May under the domain name nft.gamestop.com, with a page featuring an animation with the words: 'Power to the players. Power to the creators. Power to the collectors.'

Watchdog orders crypto app Luno to halt ‘misleading’ London bus and Tube ads

By Bérengère Sim

2021-05-26T07:31:37Z

3 min read

Fintech Cryptocurrency

Luno's ads - which featured a cartoon bitcoin image, stating, 'If you're seeing bitcoin on the Underground, it's time to buy' - must not appear again in the form complained about

Morgan Stanley’s prime brokerage head steps down

By

Juliet Chung

2021-05-26T06:52:38Z

2 min read

Investment Banking People Morgan Stanley

Archegos wipes off $6bn from top banks’ stock trading units in first quarter

2021-05-25T23:01:01Z

2 min read

Credit Suisse Investment Banking UBS Morgan Stanley

Credit Suisse has been hardest hit by Archegos' collapse, with the Swiss bank taking $5.5bn in losses