Financial services dealmaking reaches 10-year high as appetite rebounds July 10, 2023 Dealmaking in the UK’s financial services sector reached its highest level in a decade in the first half of the year as top firms scrambled for safety in scale amid economic volatility, fresh data has revealed.
‘Job one – take on Vanguard’: Abrdn targets DIY investor dominance with new growth push July 6, 2023 Asset manager Abrdn said it is looking to take on US investment giant Vanguard today as it kicks off a growth drive in its personal wealth division.
Former UBS banker convicted of Libor rigging wins chance for court appeal July 6, 2023 The former UBS banker convicted of Libor rigging in the UK will see his conviction referred to the Court of Appeal in a major development in his campaign to prove his innocence.
Man Group snaps up private credit fund Varagon Capital to boost access to US market July 6, 2023 Man Group has acquired a controlling stake in US middle market manager Varagon Capital Partners for $183m. The London-listed fund said Varagon’s emphasis on insurances brings “significant institutional credibility” to support Man Group’s expansion in US private credit. Varagon, which specialises in senior secured loans in non-cyclical industries, delivered compound AUM growth of 13 per [...]
Asset managers exposed to liquidity risk, FCA warns July 6, 2023 The City’s asset managers have left “gaps” in their liquidity management and could be exposed in the event of a run from investors, the Financial Conduct Authority has warned.
Dame Jayne-Anne Gadhia: Menopause, Richard Branson and carving out a path for women’s success in the City July 6, 2023 Dame Jayne-Anne Gadhia speaks with City A.M. on Richard Branson, the menopause and carving out a path for women's success in the City
Government urged to take global lead on digitised capital markets to boost UK’s competitiveness July 6, 2023 The government should take the lead in encouraging the digitisation of the UK’s capital markets to boost the City’s competitiveness, UK Finance has argued. In a new report released today by Oliver Wyman and UK Finance, the government has been urged to take a bold approach to ‘tokenisation’ or risk losing investment to other parts [...]
FCA investigation asks if Crispin Odey was ‘fit and proper’ to work in financial services July 5, 2023 The Financial Conduct Authority has today confirmed it launched probes into disgraced fund manager Crispin Odey in mid-2021 to determine whether he was a “fit and proper person” to be working in financial services.
FCA rips up trading tape in post-Brexit rules overhaul July 5, 2023 The FCA has tabled a slew of reforms to City rules to try and keep the capital competitive
London IPO market shows ‘green shoots of recovery’ after barren start to the year July 5, 2023 The amount of cash raised on the London Stock Exchange has begun to creep upwards this year as the “green shoots of recovery” begin to appear after a barren period on the market, new data shows.