Article Archive | Financial News London

March 2022

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Article Archive

March 1st, 2022

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Deloitte suspends Ukraine business to safeguard staff from Russian invasion

2022-03-01T18:32:07Z

2 min read

Accountancy EY KPMG PwC Deloitte Russia

Big Four firm joins chorus backing Ukraine as it suspends activity in the country

Russia wipes £410m from JPMorgan, Liontrust, Pictet and BNP Paribas funds

By David Ricketts

2022-03-01T16:53:03Z

3 min read

Asset Management Russia

Several asset managers have announced suspensions of their Russia focused funds in the past few days, amid sharp share price declines for holdings listed on the Moscow Stock Exchange

FCA presses ahead with plan to end bonuses as new pay deal revealed

2022-03-01T13:08:02Z

4 min read

Pay and Bonuses FCA Regulation

UBS chief executive special adviser Huw van Steenis steps down

2022-03-01T13:06:38Z

2 min read

Investment Banking UBS People

Huw van Steenis joined UBS as head of its investor relations function in September 2019, and also sat on a new group advising on sustainable finance

KPMG condemns Russia amid plans to cut some UK and global clients after Ukraine invasion

By Bérengère Sim

2022-03-01T12:20:37Z

3 min read

Politics Professional services Professional Services KPMG

Russia continues to push towards Kyiv, but Ukrainians are putting up staunch resistance as professional services firms mull next steps

Bitcoin’s surge confuses even pro traders: ‘It’s trading like a Treasury’

By Trista Kelley

2022-03-01T12:03:13Z

5 min read

The Fintech Files Bitcoin Blockchain Fintech Files Cryptocurrency

Bitcoin jumped 13% to $43,471 early on 1 March, surging from a trough at the start of the Ukraine conflict in the mid-$30,000 range

Listen: How to spot tech stock winners

2022-03-01T11:03:34Z

1 min read

Technology Asset Management

How Church of England CIO Tom Joy blesses his fund with 10% returns: ‘Many fund managers over-diversify’

By David Wighton

2022-03-01T10:59:58Z

6 min read

Schroders ESG People Asset Management Pensions An Audience With An audience with

After beating benchmarks, Joy says the Church's endowment can have significant advantages over traditional managers

What sanctions on Russian transactions mean for bitcoin and other cryptocurrencies

2022-03-01T09:57:26Z

6 min read

Fintech Cryptocurrency

Man Group reports record inflows as profits spike

By Penny Sukhraj

2022-03-01T09:09:48Z

1 min read

Hedge Funds Man Group Asset Management

War cripples economies. Markets must not forget that.

2022-03-01T08:54:36Z

6 min read

Economics Asset Management View Russia

In terms of the broader economy, a global stagflationary recession is now highly likely

JPMorgan donates $1m, rolls out employee-matching scheme for Ukraine relief effort

2022-03-01T08:47:06Z

2 min read

Citigroup Investment Banking JPMorgan

Humanitarian efforts are stepping up as the conflict intensifies

Linklaters stops short of condemning invasion of Ukraine as pressure grows on law firms over Russia links

2022-03-01T08:28:03Z

4 min read

Linklaters Norton Rose Fulbright Legal Services Baker McKenzie Russia

Linklaters’ statement falls short of the words of consultancies such as PwC, Deloitte and McKinsey, which have all criticised Russia’s actions

Abrdn brings bonuses back after profit jumps 47%

By David Ricketts

2022-03-01T08:20:59Z

2 min read

Abrdn Asset Management Stephen Bird

Bird has attempted to transform the Abrdn business since he took over in September 2020

Citigroup discloses $10bn exposure to Russia

2022-03-01T07:47:33Z

3 min read

Citigroup Investment Banking Politics

£11tn investor group warns it will vote against companies lagging on race

By Bérengère Sim

2022-03-01T05:01:36Z

3 min read

Black Lives Matter Diversity ESG Asset Management