Credit Suisse takes measures to reduce counterparty risk following Greensill Archegos scandals July 9, 2021 Credit Suisse has created a new role to manage risk from lending to counterparties sensitive to market moves, such as investment banking clients. The bank appointed Amélie Perrier to the newly created role of Head of Counterparty Market Risk, according to a Reuters report. Memo In an internal memo released today, the bank said: “In [...]
Five years since Brexit: four charts to show UK shares could be returning to favour July 9, 2021 | City Talk As Brexit negotiations reached their denouement late last year UK investors sensed the outlook for their home market improving. The Schroders 2020 UK Financial Adviser Survey revealed 40% of respondents were looking to increase allocations to UK shares over the subsequent 12 months, see: Are investors adjusting to the new normal? Six months on, with a “no-deal” outcome [...]
City A.M. TV: A market snapshot July 9, 2021 After a number of weeks of strength in global risk assets, some cracks began to emerge in markets this week.
London IPO: LendInvest prices AIM float as it looks to raise £40m July 9, 2021 Property finance asset manager LendInvest will float on the AIM index on Wednesday, with shares priced at 186p
Soho House eyes $3.2bn valuation ahead of New York listing July 6, 2021 The parent company of the Soho House members club said it is targeting a valuation of about $3.2bn (£2.3bn) as it prepares to list on the New York Stock Exchange. The group, which filed for the initial public offering (IPO) under the name ‘Membership Collective Group’ in June, said it plans to raise as much [...]
Covid-19, one year later: Capital markets entering uncharted waters July 6, 2021 | City Talk CFA Institute conducted a survey of its global membership to analyse the effects of the current economic crisis caused by the Covid-19 epidemic on financial markets and the investment industry. The survey was run worldwide from 8 to 28 March 2021. Now we are releasing the survey report: COVID-19, ONE YEAR LATER. This research constitutes the second iteration [...]
UK fiscal watchdog: Government finances “increasingly exposed” to global shocks July 6, 2021 The boss of the Government’s fiscal watchdog has warned the UK’s public finances are “increasingly exposed.” The Office for Budget Responsibility boss boss Richard Hughes said that two major crises – the global financial crisis in 2008 and the Covid-19 pandemic – had added 20 per cent each to the UK’s debt to GDP ratio. [...]
Transforming private equity with data analytics July 5, 2021 | City Talk Krekar Kawani CA, Founder of Touchstone Advisory, examines how private equity firms are leveraging game changing advancements in data analytics to their advantage. Data has been an integral part of human culture since the beginning of time. Humans going back as far as 40,000 years have been recorded using sequential markings by etching notches on [...]
Pound falls below $1.37 as US labour market rebounds sharply July 2, 2021 Pound sterling dipped below $1.37 today as the currency continued to fall against its American counterpart. Despite breaking the threshold, the pound was up slightly against the greenback in afternoon trading. The fall comes as strong US payrolls data published today indicates the American economic rebound from the pandemic is gathering real pace. Businesses hired [...]
City A.M. TV: A market snapshot (video) July 2, 2021 US markets have continued their grind higher this week with the S&P500 eking out gains on all four trading sessions so far. Across the globe, though, the strength in other equity markets has been less marked: In the Euro zone most equity markets have traded sideways or even lower over the course of June; in [...]