Goodbye Nutmeg, hello Clove: New investing service lands £10m funding Business As the London fintech world bids goodbye to investing app Nutmeg, a new spice-themed alternative is about to rise up from the ashes. Investing startup Clove, a new venture from serial entrepreneur Christian Owens, has emerged from stealth after landing a bumper £10m funding round. The pre-seed round featured a host of prominent investors including [...]
Hargreaves Lansdown co-founder to step down from board Business The billionaire co-founder of Hargreaves Lansdown is stepping down as board director of the personal investment business months after its £5.4bn acquisition by private equity firms, marking an end to his involvement in the business. Peter Hargreaves, who created the UK’s largest DIY investment site with co-founder Stephen Lansdown in 1981, will be handing his [...]
Brits set their sights on affording comfortable retirement Personal Finance British adults have set their sights on affording a luxury retirement, but rising costs have soured some saver’s hopes. Nearly 8m Brits have made securing a comfortable retirement their main financial priority, according to research from consumer banking business Chase. A comfortable retirement allows more financial freedom and luxuries, such as holidays and greater non-essential [...]
JPMorgan Chase poaches record number of senior bankers as Wall Street talent war escalates August 31, 2025 JPMorgan Chase has hired a record number of senior bankers in the past year, poaching about 100 managing directors from rivals including Goldman Sachs and Citigroup, as Wall Street’s largest lender looks to expand its investment banking franchise. The bank has brought in more managing directors to its commercial and investment banking division in the [...]
JP Morgan chief issues recession and stagflation warning over Trump tariffs April 7, 2025 JP Morgan chairman and chief executive Jamie Dimon has warned that severe curbs on trade imposed by President Donald Trump could lead the US economy towards recession and stagflation. Dimon made the comments ahead of the multinational investment bank’s financial results, reporting revenue of $180.6bn and net income of $58.5bn in 2024. He credited the [...]
Ex-Barclays boss admits to sex with a member of Jeffrey Epstein’s staff March 13, 2025 The former chief executive of Barclays admitted at the High Court on Wednesday that he had sex with a member of staff working for Jeffrey Epstein at an apartment owned by the convicted paedophile’s brother. In his third day of cross examination as part of a legal clash with the Financial Conduct Authority (FCA), Jes [...]
Wall Street banks JP Morgan, Citi and Goldman Sachs report bumper profit January 15, 2025 Some of Wall Street’s biggest banks reported a surge in profit today on the back of a rebound in dealmaking and strengthening equity markets toward the end of last year. JPMorgan Chase, the US’s biggest lender, said profit had jumped 50 per cent to $14bn (£11.41bn) through the final quarter as its dealmakers and traders [...]
Trump uses JP Morgan chief Jamie Dimon as ‘informal adviser’ December 1, 2024 Donald Trump has reportedly used JP Morgan Chase boss Jamie Dimon as a “sounding board” for policy ahead of returning to the White House. The Wall Street veteran has been in regular communication with Trump for months, including after his election victory, The New York Post reported. The “no-holds-barred conversations” are said to have centred [...]
Dealmaking rebound helps JPMorgan to bumper profits July 12, 2024 JPMorgan benefited from a long anticipated recovery in dealmaking to deliver a big increase in profit compared to last year. The Wall Street giant reported net income of $18.1bn in the second quarter, up 25 per cent on the same period last year and ahead of analyst’s expectations. JPMorgan saw revenue rise by 22 per [...]
Wall Street banks JPMorgan and Goldman Sachs set for earnings boost on dealmaking rebound July 8, 2024 Wall Street lenders are set to post higher investment banking fees for the second quarter of 2024, as early signs of a rebound in dealmaking partly offset weaker growth in lending income.