Griffin’s Citadel to swerve New York after mayor’s wealth tax campaign Wealth Hedge fund juggernaut Citadel has diverted investment earmarked for New York to its Miami headquarters, founder Ken Griffin has said, after the city’s socialist mayor filmed a video promoting a new ‘pied a terre’ wealth tax outside the billionaire’s $285m penthouse. Griffin told CNBC that because of mayor Zohran Mamdani’s social media clip, his $67bn [...]
Watch out senior leaders, the Mamdani Effect is coming for your boardroom Opinion Zohran Mamdani's election as New York mayor is a bellwether for a wider youth leadership movement, writes Kate Robertson.
UK fintech Wise to downgrade London listing this quarter Fintech Money transfer firm Wise has confirmed the timeline for switching its primary listing to the US with the move expected to take place this quarter. The UK fintech said during a fourth-quarter update that its results for the latest financial year will published in the US dollar, which it said was “reflecting the expected completion” [...]
London and New York in tight race to be world’s top financial hub March 26, 2026 London and New York are locked in a tight-race in the fight to become the world’s most dominant financial hub. The latest Global Financial Centre’s Index from Z/Yen showed both cities retained their respective spots in new rankings, with each of their scores inching up by a singular point. New York topped the list at [...]
On This Day in 1831: America’s first recorded bank heist March 19, 2026 It stands as an archetypal heist: a pair of canny, hardened criminals; a simple but daring plan; a dogged law enforcement official and the tantalising mystery of the missing $63,000. The first bank robbery in America recorded in any detail had set the standard for a whole genre, says Eliot Wilson Have you ever wondered [...]
Britain must get competitive or lose a generation of business leaders March 16, 2026 Taxation is not an ideological battleground but a matter of national interest. If global rivals such as New York or Singapore offer stronger incentives, it is just inevitable that operations and individuals will follow, says Chris Hayward Restoring economic growth has become the defining challenge of our national life. And against a backdrop of geopolitical [...]
Exclusive: Fintech unicorns lukewarm on Reeves’ stamp duty holiday February 18, 2026 Two of Britain’s most exciting IPO candidates have told peers that the Treasury’s recent overhaul of stamp duty on shares will not be enough to convince them to list in London, City AM can reveal. Payments giant Zilch and banking software provider Thought Machine both used a recent meeting of industry heavyweights to raise concerns [...]
BNY wealth boss: I had a better chance winning the lottery than sitting where I am today November 27, 2025 The son of a dish washer, Jose Minaya does not take for granted his rise to BNY wealth boss. He takes us through his career in Square Mile and Me.
Will rich New Yorkers flee to London to escape Mayor Mamdani? November 11, 2025 In a rare reversal of the slow march of UK wealth towards the US – from entrepreneurs upping sticks to companies switching listings – New York City’s incoming hard-left mayor looks set to nudge some of the city’s richest towards London. American arrivals into the UK could soon be made up of an unlikely coalition [...]
Top New York investor offers to work with Zohran Mamdani November 5, 2025 One of New York’s most renowned investors struck a conciliatory tone with the city’s newly elected mayor, Zohran Mamdani, having donated over $1m to rival candidates during the campaign. Bill Ackman congratulated the Democratic socialist on his victory in a post on X and said: “Now you have a big responsibility. If I can help [...]