Top firms mull pension hikes to keep pace with inflation March 24, 2022 FTSE 100 firms are mulling discretionary pension hikes as soaring inflation threatens to outpace the rate of annual growth in payouts, according to a top pensions consultant.
Bank of England reconsiders plans to hike banks’ capital buffer March 24, 2022 The Bank of England is reassessing plans to hike banks’ capital requirements in the second quarter of this year due to the financial shocks of war in Ukraine.
Bank of England assesses city exposure to crypto as market booms to $1.7tn March 24, 2022 The Bank of England is scrutinising the city’s exposure to crypto assets as it writes to firms today asking them to voluntarily disclose their strategy and plans in the sector.
BlackRock boss praises private sector for waging ‘economic war’ on Russia March 24, 2022 The boss of the world’s biggest asset manager BlackRock has said Russia’s invasion of Ukraine will spell the end of globalisation as we know it, as he praised the private sector for waging “economic war” on Russia.
City watchdog prepares to clampdown on ‘high risk’ investments as consultation closes March 23, 2022 City watchdog the FCA has closed a consultation on the promotion of so-called high-risk investments today as it looks to clampdown on the misleading marketing of a range of alternative asset classes.
US activist pushes TP ICAP to sell after “disastrous” slide in share price March 23, 2022 A US activist investor is pushing the board of UK brokerage and trading giant TP ICAP to sell the firm after what it describes as a “disastrous” decline in its share price.
Apple snaps up Credit Kudos in open banking push March 23, 2022 Tech giant Apple has snapped up UK open banking startup Credit Kudos as it ramps up its push into payments.
Will the world economy avoid an inflationary bust? March 23, 2022 | City Talk Today’s high inflation is being compared to the 1970s. However, robust consumer spending, fuelled by pandemic savings, makes for a different set of circumstances. Memories of the 1970s were evoked as the price of Brent crude oil temporarily climbed above $139 a barrel in the wake of Russia’s invasion of Ukraine. That was a period [...]
What’s behind market volatility in China? March 23, 2022 | City Talk It’s been a rollercoaster week for Chinese stock markets. We explain why and get the views of Schroders’ experts Robin Parbrook, Maggie Zheng and David Rees. In the last week, equity markets in mainland China and Hong Kong Special Administrative Region have experienced a rout, and a subsequent rally in the past two days. At [...]
London shunned for IPOs as firms head abroad March 23, 2022 London is headed for its weakest quarter for IPOs in thirteen years as market turbulence gives investors the jitters and UK firms shun the capital following a series of high profile flops.