City Moves: Who’s switching jobs in the Square Mile this week? August 18, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. London First completes leadership shuffle Business lobby organisation London First has strengthened its leadership team this week as it channels its focus on the capital’s return to growth, emerging from the pandemic. Former director of corporate [...]
Bitcoin takes a breather as Solana and Cardano pull back August 18, 2021 Cryptocurrencies are mostly down today, with Bitcoin continuing its relatively flat week as it takes a breather after recent excitement.
Top investors criticise BHP as it slashes dual nationality August 18, 2021 The FTSE 100 is set to lose its biggest company as miner BHP ditches its Anglo-Australian dual structure in favour of listing on Sydney’s stock market. Today, L&G which owns a 1.9 per cent stake in the company, said that the news BHP will give up its listing is “disappointing.” “Today’s announcement is very significant [...]
SoftBank ramps up exits to fund prolific Vision Fund dealmaking August 18, 2021 The Japanese investment giant sold around $14bn worth of listed stocks last quarter, marking a change in its exit-hesitant strategy in order to fund its Vision Fund’s accelerating investments in tech startups. SoftBank sold an estimated $14bn worth of listed stocks in the last quarter – almost triple that of the previous period, according to [...]
Binance brings in US Treasury cyber crime expert August 18, 2021 Binance has announced the appointment of former US Treasury criminal investigator Greg Monahan as the under-fire organisation's money laundering expert.
Wealthy City bankers ‘ditched the UK for the EU ahead of Brexit,’ survey finds August 18, 2021 Almost a hundred highly paid bankers left the UK ahead of its formal exit from the EU, the bloc’s banking watchdog said today, in a sign of how Brexit has impacted the Square Mile. The European Banking Authority (EBA) said in its annual survey of bankers earning more than €1m (£850,000) that the UK’s total [...]
Boris Johnson: UK deployment of troops to stop Taliban ‘not an option’ August 18, 2021 Boris Johnson has today declared that deploying tens of thousands of UK troops to stop the Taliban in Afghanistan is “not an option” and that there was “no appetite” among Nato partners to intervene further in the country. Johnson told MPs today that “the west could not continue this US-led mission – a mission conceived [...]
Afghanistan central bank governor: ‘I think the economic situation will deteriorate’ August 18, 2021 The governor of the Afghanistan central bank has warned that the country’s economy is likely to be plunged into despair after the Taliban took control of Kabul. Speaking to the BBC, Ajmal Ahmady said: “I think the economic situation will deteriorate. I would expect donor flows [of aid] to significantly decline over the next couple [...]
Binance hires former US treasury criminal investigator in compliance role August 18, 2021 Binance, the world’s largest cryptocurrency exchange by trade volume, has hired a former US treasury criminal investigator in a bid to placate regulators. The company today announced that Greg Monahan, who has more than 30 years of experience working in tax, money laundering and financial crime, has been appointed as Global Money Laundering Reporting Officer [...]
Mayor Khan pushes ahead with controversial Thames tunnel plans August 18, 2021 Mayor Sadiq Khan is pushing ahead with construction plans for the East End’s fourth and most controversial road river crossing. Construction of the £2bn Silvertown tunnel is well-underway and set for completion in 2025. The tolled road tunnel will span between the Royal Docks precinct and Greenwich peninsula, falling within the Ultra Low Emissions Zone [...]
