Insurance SPAC boss: London loves a bad headline – but we’re the best in the world November 2, 2023 London loves a “bad headline” and should instead embrace its role as the “global centre” of insurance expertise, the boss of a listed acquisition vehicle has claimed, as he prepares to debut a new insurance firm on the public markets this month.
Can ChatGPT replace a financial adviser? November 1, 2023 A majority of investors would be comfortable with taking investment advice from bot so CityAM decided to quiz ChatGPT on what moves we should be making.
How soon will ChatGPT take over investment processes? Two thirds of investors comfortable using AI for advice November 1, 2023 A reported 69 per cent of investors are comfortable with AI being used in the investment process, but most aren’t ready for it to take over just yet.
Why St James’s Place and Britain’s troubled wealth managers could be a savvy bet for investors November 1, 2023 The UK’s wealth managers and investment platforms could be a savvy bet for investors after a sell-off this year that has wiped billions from their valuation, analysts have predicted.
Why Vodafone’s Spain selloff has failed to impress investors and has them bidding adios October 31, 2023 Vodafone's sale of its Spanish business will fail to help reverse its fortunes, analysts say, as the company's share price fails to budge.
Michael Gove: ‘Immoral’ asset managers have ‘co-opted’ diversity agenda October 31, 2023 “We have seen a concentration of wealth, a tendency towards monopoly and oligopoly that has meant that the gains of economic growth have increasingly been concentrated in the hands of a few.”
OKX: Crypto exchanges must prove they can handle an FTX-style crisis October 31, 2023 Crypto exchanges should be made to prove they can cope with a flood of withdrawals from customers, crypto bourse OKX has said.
London-based Colt set to close $1.8bn swoop on Nasdaq-listed tech firm October 31, 2023 London tech firm Colt is set to complete its $1.8bn swoop on a US firm in the coming days after winning regulatory sign-off for the deal, City A.M. can reveal.
FCA rebukes Paypal over ‘unfair’ BNPL terms as sector braces for clampdown October 31, 2023 The Financial Conduct Authority said it has forced a number of buy-now-pay-later firms to change “potentially unfair and unclear” terms in their contracts today as it tightens the screws on firms before formally bringing the sector within its remit.
Blackstone boss Steve Schwarzman to speak at London investment summit October 30, 2023 Blackstone's top honcho, Steve Schwarzman, is reportedly set to take the stage at the UK government's Global Investment Summit.