Article Archive | Financial News London

August 2021

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Article Archive

August 2nd, 2021

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Global regulator wants fintechs to face tougher rules like banks

By

Julie Steinberg

2021-08-02T14:04:24Z

2 min read

Fintech Regulation

Symphony continues acquisition spree with purchase of startup StreetLinx

By Lucy McNulty

2021-08-02T19:00:09Z

2 min read

Symphony’s chief executive, Brad Levy said that StreetLinx would add ‘a full spectrum of identity-verified investment professionals, including portfolio managers, traders, research analysts and sales team’ to their user base of financial professionals

View: The Fed’s actions are speaking louder than its words

2021-08-02T12:08:05Z

4 min read

Economics Federal Reserve View

Jerome Powell, chairman of the US Federal Reserve testifying before the Senate Banking Committee hearing in Washington

Credit Suisse set to join Wall Street in raising junior pay to $100,000 amid banker talent war

2021-08-02T11:31:52Z

2 min read

Credit Suisse Investment Banking JPMorgan Goldman Sachs

Credit Suisse joins rivals Barclays, JPMorgan, Citigroup, Deutsche Bank, Morgan Stanley, Nomura and UBS in raising entry level salaries to $100,000

Credit Suisse hires Tarda from HSBC to head fintech investment banking

2021-08-02T10:54:42Z

1 min read

Credit Suisse Investment Banking Fintech People

Credit Suisse has hired Orazio Tarda as its new global co-head of fintech investment banking

Top Credit Suisse investor backs board after scathing Archegos report

By David Ricketts

2021-08-02T10:52:19Z

2 min read

Credit Suisse Investment Banking Archegos

David Herro says Credit Suisse is ‘well positioned, especially with its access to rapid growth in wealth management, and still has some strong franchises in the investment bank'

Boom time for the City’s law firms as deals drive record profits and pay

2021-08-02T15:10:56Z

3 min read

Freshfields Bruckhaus Deringer Linklaters Slaughter and May Legal Services Allen & Overy Clifford Chance

The uptick in work has come at a welcome moment for the Magic Circle

Elon Musk is done with regular earnings calls. Why that might be good news for investors.

By

Therese Poletti

2021-08-02T14:50:56Z

3 min read

Musk's remarks may be colourful, but do they really help investors?

Investors in collapsed Woodford fund face further wait as asset sale drags on

By David Ricketts and Justin Cash

2021-08-02T09:21:58Z

4 min read

Neil Woodford Asset Management

Neil Woodford's Equity Income fund, which at its peak in May 2017 managed £10.2bn in assets, shrunk to £3.7bn in June 2019 following a run of poor performance and heavy investor withdrawals

Square bags $29bn deal for Afterpay as fintechs fight banks in payments sector

By

David Winning

and

Stuart Condie

2021-08-02T07:55:07Z

6 min read

City banker bonus cap may be lifted in post-Brexit revamp

By Emily Nicolle

2021-08-02T07:04:55Z

2 min read

Pay and Bonuses Banking Politics Treasury

Reports are surfacing that ministers could use the UK's post-Brexit leeway to roll back on EU pay rules

HSBC’s investment bank slumps 23% as fixed income trading boom fades

2021-08-02T05:35:29Z

3 min read

Investment Banking Trading HSBC

Results season is proving tough on banks reliant on fixed income trading

Goldman Sachs hikes junior banker pay to $110,000 as salary battle sweeps Wall Street

2021-08-02T04:32:28Z

2 min read

Investment Banking Goldman Sachs

City bankers brace for lockdowns to return by year-end

By Lucy McNulty and Bérengère Sim

2021-08-02T04:01:30Z

2 min read

Lockdown Covid-19 People Pandemic

Only 1% of the 189 respondents in the poll see life going “completely back to normal” by the end of 2021

Fidelity pledges 45% of board roles to be held by women by 2024

By David Ricketts

2021-08-01T23:01:55Z

2 min read

Diversity ESG Asset Management Fidelity International

Fidelity International CEO Anne Richards says 'we can be more ambitious' on ESG goals