Exclusive: FTSE plots development of digital asset index in crypto push December 6, 2021 The company behind the FTSE 100 is set to develop a crypto index which it says will “sit alongside” the benchmark equities.
Exclusive: BDO’s managing partner on audit reforms, staffing issues and the company Christmas party December 3, 2021 This week accounting giant BDO saw its profits jump to over three quarters of a million pounds per partner, putting them ahead of their peers at rival firms EY and KPMG. At £760,000 per BDO partner, the firm leads the payout battle as EY partners were paid an average of £749,000 this year and KPMG [...]
Are we beginning to see the first signs of maturity in the value of Bitcoin? December 3, 2021 If Bitcoin price is your metric, it’s been a quiet week with Bitcoin holding steady in the $56,000 - $58,000 range, says Jason Deane.
Facebook ends long-standing crypto ad ban December 3, 2021 A turbulent start to the week for Bitcoin continues, with the leading cryptocurrency bouncing between $56,000 and $59,000 for the last two days as global financial markets continue to look uncertain in the face of the Omicron variant. Will we see a more significant move before the week is out? It seems to be a [...]
Crypto bros step aside as female investors dive into digital assets December 3, 2021 The age of the ‘crypto bro’ could be coming to an end according to new data. Women are diving into the male-dominated crypto space in increasing numbers with exchange Bitstamp registering a 198 per cent increase in female investors on its platform this year. In the first three quarters of 2021 trade volume generated by [...]
The CMA’s showdown with Facebook over Giphy foreshadows a crackdown December 3, 2021 You probably don’t think of GIFs and think of showdowns with tech giants. Mostly, these short clips decorate people’s texts and social media profiles. Now, they are at the forefront of regulators’ efforts to rein in big tech. On Tuesday, the UK’s competition regulator – the Competition and Markets Authority (CMA) – told Facebook (now [...]
Number 10 tells US not to ‘conflate’ Trump-era steel tariffs with Brexit December 2, 2021 Downing Street has warned the US that tetchy UK-EU negotiations over the post-Brexit Northern Ireland Protocol should not affect any decisions made about Donald Trump-era tariffs on British steel. A Number 10 spokesperson said “we do not think those issues should be conflated”, after reports today that the US was not removing tariffs on British [...]
HSBC boss warns costs will soar if Brexit fragments European financial market December 2, 2021 The boss of the UK’s largest bank has warned banks and their clients will have to swallow higher costs if Brexit fragments the European financial market. Speaking at the Financial Times’s Global Banking Summit, Noel Quinn, chief executive of HSBC, said there is a real “risk of fragmentation increasing costs” in the banking sector. Several [...]
US to push back on trade deal with UK over Brexit concerns December 2, 2021 Biden’s administration is planning on delaying its deal to remove tariffs on UK metals left over by the Trump administration, due to concerns about potential post-Brexit trade rules affecting Northern Ireland. In a communication seen by the Financial Times, a US commerce department official said that negotiations with the UK on easing steel and aluminium [...]
Mark Kleinman: Light finally shines on Schroders’ M&G ambitions December 2, 2021 Sky News’ Mark Kleinman is the man the City reads – and in his fortnightly column for City A.M., he shares his insight and analysis. Schroders is solved The mystery is finally solved. For months, fund management executives have puzzled over two aspects of Schroders’ aborted ambitions to take over M&G Investments and create a [...]