White-shoe law firm ups new City lawyers’ pay to £160,000 a year December 14, 2022 Cleary Gottlieb has become the latest US law firm to boost salaries in the UK’s legal market after upping pay for newly-qualified (NQs) lawyers in its London office to £160,000 a year. The white-shoe law firm has given its City NQs a 14 per cent pay rise, in offering to boost their salaries by £20,000 [...]
City law firm Gunnercooke enters US market through launch of New York offices November 1, 2022 City law firm Gunnercooke has made its first entry into the US market following the launch of new offices in New York City. The launch of Gunnercooke’s new offices, at the 36-story tall 1 Rockefeller Plaza building in Manhattan, comes as the UK firm’s first venture outside of Europe, following the launch of its German [...]
Citigroup opens Malaga hub to offer junior bankers better work-life balance September 14, 2022 Citigroup has opened a new hub for junior investment bankers in the Spanish seaside city of Málaga on the Costa del Sol. The US bank selected 27 of more than 3,000 applicants to work at its new Spanish hub, as part of a two-year programme promising work-free weekends and eight hours days. In locating its [...]
Five Chinese firms vow to delist from US markets amid long running audit dispute August 13, 2022 Five Chinese state-owned companies have said they will pull themselves off the New York stock exchange amid long-running clashes between Beijing and Washington over audit standards. The five Chinese firms have said they will delist from the Wall Street market after coming under scrutiny over US regulators claims they have failed to meet US audit [...]
New York, London and LA top list of most resilient cities while Scandinavia dominates ESG rating May 16, 2022 The most resilient cities in the world have been named as New York, London and Los Angeles, with Scandinavia dominating environmental and social governance. New figures from Savills highlighted how new population centres such as Berlin and Atlanta broke into the top 20 for the first time, but traditionally strong metropolises weathered the pandemic the [...]
Andy Warhol’s iconic Marilyn Monroe portrait sold at auction for record £158m May 10, 2022 Andy Warhol’d iconic portrait of Marilyn Monroe has been sold at auction in New York for a record-breaking £158m. The artist’s ‘s ‘Shot Sage Blue Marilyn’ notched up $195m (£158m), making it the most expensive 20th entry artwork ever to sell at auction with Christie’s. The piece attracted bidders from 29 countries with additional highlights [...]
New York subway shooting: ‘Person of interest’ image released, as NYPD say he taunted mayor in online videos April 13, 2022 New York police have stepped up the state-wide manhunt for a “person of interest” who set off smoke bombs and shot 10 people and injured at least 23 23 on a New York subway. Tuesday’s attack led to armed police and emergency services cornering off the area in Brooklyn, as the NYPD named as Frank [...]
Gunman on the run after injuring 13 on New York subway April 12, 2022 Thirteen people have been injured, including five who were shot at a New York subway station, police have said. Armed emergency services cornered off the area around 36th Street subway station in Brooklyn on Tuesday, after reports of an active shooter injuring multiple people. According to the New York Times, the victims were shot on [...]
Uber lists New York cabs on app as driver shortage continues March 24, 2022 Uber agreed a mega deal to list all New York City taxis on its app this morning, helping address the shortage of drivers in the city and buffering taxi usage. The agreement was announced by Creative Mobile Technologies, which makes apps for the city’s yellow cabs, and Curb, a ride-hailing app for licensed taxi and [...]
UK home to second most hedge funds, as US dominates rise of crypto strategies March 22, 2022 Britain is home to the second largest hedge fund market in the world, with more than 500 set up in the capital since 2019. The US leads the way with 67 per cent of the global share, with New York boasting almost 7,000. Data compiled for SigTech also shows London has 2,230, with nearly a [...]