City powerhouses will need to adjust to the “new normal” October 4, 2020 In the past week, London’s leading financial services companies have quickly had to reassess their plans to get employees back to the office. While many industry leaders will have come to a painful realisation that arriving at a “new normal” will be a more iterative process than previously imagined, they should take stock in the [...]
Post-pandemic deals: When will M&A rebound post-Covid? October 2, 2020 | Sponsored COVID-19 has been knocking the wind out of deals across every sector in every region. Can the M&A market stay on its feet given the numerous obstacles in the current dealmaking environment? Read our new industry brief—Global M&A Catches Its Breath in an Uncertain Market—produced in association with PitchBook, for a ringside view of current [...]
ECB should issue digital euro, say Christine Lagarde October 2, 2020 The European Central Bank (ECB) should issue a digital euro in addition to banknotes and coins, according to its boss Christine Lagarde
London can’t survive widespread home working, says Tory mayoral candidate October 1, 2020 Londoners must get back to their workplaces to save the economic future of the city, according to Tory mayoral candidate Shaun Bailey. Bailey wrote for City A.M. today that the capital needs to ditch advice from the government and Sadiq Khan that people should work from home where possible, adding that he does not “believe [...]
7,500 UK finance jobs shifted to EU since historic vote, as hard Brexit edges closer October 1, 2020 More than 7,500 UK finance jobs have headed for Europe since the 2016 EU referendum, with more relocations expected as City firms edge against a hard Brexit. In September alone, financial services firms moved more than 400 jobs to financial hubs across the EU, according to a new Ernst & Young report, published earlier this [...]
US jobless claims fall but remain at record levels October 1, 2020 The number of people claiming unemployment benefits in the US fell last week but remained higher than any time before the coronavirus pandemic. Initial jobless claims totalled 837,000 in the week ending 26 September, down from 873,000 the week prior, according to new data from the US Labor Department. The figure was lower than had [...]
JP Morgan agrees to pay $920m over US probe into market manipulation September 29, 2020 JP Morgan Chase & Co has agreed to pay more than $920m and admitted wrongdoing over a US investigation into market manipulation over its trading of metals futures and Treasury securities. The investment bank will pay $436.4m in fines, $311.7m in restitution and more than $172m in disgorgement, according to the Commodity Futures Trading Commission. [...]