City of London Corporation chief calls for return of office workers to Square Mile later this year April 15, 2021 The City of London’s local authority has today called for office workers and visitors to return to the Square Mile to help boost economic activity. Catherine McGuinness, the City of London Corporation’s policy chair, also said it was up to the powerful local authority to provide “reassurance about the steps taken to protect public health [...]
Institutional clients are here but is the crypto market ready to welcome them? April 15, 2021 Developing the right products to serve institutional clients is the key for the crypto industry to reach mainstream adoption, says Konstantin Anissimov, Executive Director at CEX.IO.
Women of the City: Ayesa Latif at Citi April 15, 2021 In this series, City A.M. zooms in on a range of successful women in the Square Mile, some being movers and shakers in their respective fields – rule makers, not rule takers – while others are rising stars worth keeping an eye on. Today: Ayesa Latif, managing director, head of EMEA electronic FX Sales at [...]
ReSolve launches £100 million SME-focused investment fund April 15, 2021 ReSolve has partnered with investment firm RoundShield to launch a new £100m SME-focussed investment fund that will invest in Covid-hit businesses. ReSolve said the extra cash will allow it to work with more businesses, including those that may be struggling since the onset of the coronavirus pandemic. ReSolve is a London boutique advisory and investment [...]
Pandemic pushes corporates’ legal spend higher April 15, 2021 Law firms are one of the few winners in the pandemic with corporates planning to increase legal spend this year, new research shows. Some 38 per cent of UK companies polled by Thomson Reuters are planning to increase their legal spend, almost twice as many planning to make cuts. It is partly driven by demand [...]
Goldman Sachs smashes profit expectations as global M&A and SPAC boom pushes fees higher April 14, 2021 Goldman Sachs smashes profit expectations on global M&A and SPAC boom
Treasury Select Committee launches inquiry into Greensill Capital scandal April 14, 2021 Westminster’s Treasury Select Committee has today launched an inquiry the Greensill Capital lobbying scandal. Committee chair Mel Stride said MPs would “take a closer look” at the circumstances surrounding efforts by David Cameron and former senior civil servant Bill Crothers in lobbying on behalf of the failed finance firm. A statement from the committee said [...]
Keir Starmer hits out at ‘return of Tory sleaze’ over Greensill scandal April 14, 2021 Labour leader Sir Keir Starmer has accused Boris Johnson of overseeing a “return of Tory sleaze” over the Greensill Capital lobbying scandal. Starmer told MPs today that the government needed to “overhaul the whole broken [lobbying] system”, while also calling for a full Westminster-led inquiry into Greensill Capital’s links with ministers. Labour is introducing an [...]
JP Morgan profit soars on higher investment banking fees April 14, 2021 JP Morgan reported a surge in profit in the first quarter boosted by a strong performance in its trading and investment banking divisions. The Wall Street bank posted net income of $14.3bn in the first three months of the year, up from $2.9bn a year earlier. JP Morgan’s performance was driven by the release of [...]
Wall Street opens flat as big banks kick off earnings season April 14, 2021 U.S. stock indexes opened flat today as Goldman Sachs and JPMorgan kicked off the first-quarter corporate earnings season, against the backdrop of a swift vaccine-led global economic recovery The Dow Jones Industrial Average fell 8.32 points, or 0.02 per cent, at the open to 33,668.95. The S&P 500 opened lower by 0.01 points, or -0.00 [...]