Retail traders look to profit from tumbling pound Retail investing Retail traders have been looking to follow the lead of hedge funds in the past week and capitalise on wild swings in the value of the sterling, sparked by the government’s tax-cutting mini budget.
Your career in finance – what really counts City Talk The finance industry is booming. With the purpose-driven gen-z entering the workplace, the finance industry provides an opportunity to make a difference whilst forging a professional career. The recent Future of Skills report published by CFA Institute digs into the priorities of employers and employees in the investment sector and the challenges the industry currently [...]
BlackRock ramps up blockchain push with new exchange traded fund BlackRock blockchain The world’s biggest asset manager BlackRock accelerated its push into digital assets today as it launched a blockchain themed exchange traded fund (ETF) for its European clients.
Tumbling pound puts London firms at risk of foreign takeover frenzy September 29, 2022 A sharp fall in the value of the pound could put London-listed firms at further risk of foreign takeovers after a spate of acquisitions this year, experts have warned today.
SoftBank begins slashing 30 per cent of staff from Vision Fund September 29, 2022 Japanese investment giant SoftBank has begun laying off staff at its flagship Vision Fund unit as it plans to slash headcount by around 30 per cent, according to reports.
Banks need WhatsApp alternative fast to dodge hefty fines, warns former FCA official September 28, 2022 Banks and brokerages need to roll out new messaging platforms fast to “crack down” on the use of Whatsapp by staff, a former City regulator warned today, after US regulators slapped a group of Wall Street giants with $1.8bn worth of fines.
Citi swoops in for Credit Suisse veteran Jens Welter September 28, 2022 A top executive has quit his job at beleaguered bank Credit Suisse for Citigroup just nine months after being made co-head of global banking. Jens Welter ended his 27-year career with the Swiss bank where he became a top adviser, and will join Citi as the new co-head of European investment banking. He will also [...]
TP Icap under pressure to sell off high-margin Parameta data division September 27, 2022 FTSE 250 finance firm TP Icap is facing pressure from some of its biggest shareholders to break itself up by selling off its high margin data division. Several of the firm’s most important institutional investors have begun talks about pressing TP Icap into exploring a formal sale of its Parameta analytics business, Sky News reported. [...]
Unlock pension cash or start-ups will continue to flee, says Phoenix chief September 27, 2022 Pension cash must be freed up to flow into high-growth British firms or more homegrown startups will be driven overseas, the chair of pensions giant Phoenix warned today.
Hedge funds reap rewards after bets against bonds September 27, 2022 A crop of hedge funds have been reaping bumper profits from a plummeting pound this week after wagering against government bonds and sterling ahead of Kwasi Kwarteng’s tax cutting ‘mini-budget’ on Friday.