Treasury expands business engagement unit with new City team July 25, 2024 The Treasury has created a new team to engage with City firms as the new Labour government looks to bulk out the department’s business engagement unit, City A.M. can reveal. It is understood that more staff have been moved into business engagement roles since the election as the new government tries to make good on [...]
Financial advisers are getting old. What happens when they retire? July 23, 2024 With the average age of a financial adviser rapidly approaching 60, the industry is preparing for a reckoning as they frantically attempt to replace those departing.
Investment banking boost for Bank of America and Morgan Stanley July 16, 2024 Like other US banks, Morgan Stanley has benefited from a rebound in dealmaking activity, which fell off a cliff last year due to the impact of higher interest rates and economic uncertainty.
Goldman Sachs reaps rewards from dealmaking rebound as profit doubles July 15, 2024 Other major US banks have already reported a substantial increase in revenue from the traditionally volatile sector.
Jagjit Chadha: Why investment is necessary to stop the economy from ‘withering’ July 4, 2024 Report after report has found that the UK invests too little as a share of national income, often lagging behind other rich economies.
‘Market prices vulnerable to sharp correction,’ Bank of England warns June 27, 2024 The Bank of England has warned that investors are only focusing on good economic news, sending up asset prices and raising the risk of a “sharp correction” in the future.
I’m the only openly gay CEO in UK banking. LGBT people still face so many barriers June 24, 2024 The City can put on a good show for Pride, but its C-suite record shows LGBT representation still has a long way to go, writes Anthony Watson.
London continues to roar back as City overtakes Amsterdam to be Europe’s share trading hub June 19, 2024 London overtook Amsterdam as the top stock-trading hub in Europe in May.
Shares in Lloyds, Natwest and HSBC jump as Reeves appears to rule out Labour raid on lenders June 12, 2024 Shares in the UK's high street banks were among the biggest risers in a wider market rally on Wednesday.
Number of borrowers behind on mortgages jumps to eight-year high June 11, 2024 Households are continuing to feel the strain from the Bank of England's interest rate hikes with the share of mortgages in arrears continuing to creep up.