After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Former City banker Richard Sharp ‘to be appointed’ as new BBC chair January 6, 2021 The government is reportedly poised to name former Goldman Sachs banker Richard Sharp as the new chair of the BBC. Ministers will this week announce that Sharp has been appointed to succeed Sir David Clementi at the helm of the broadcaster, Sky News reported. The appointment, which is made by the government rather than the [...]
Commercial landlords call for insolvency rules overhaul amid ‘abuse’ of CVAs January 5, 2021 The British Property Federation (BPF) – the industry group representing landlords – has called for an overhaul of UK insolvency rules, claiming the Covid-19 pandemic has prompted “abuse” of restructuring proceedings. In a letter to corporate responsibility minister Lord Callanan, the BPF said the flexibility of the UK’s insolvency framework had led to the abuse [...]
Ticketmaster handed $10m fine for hacking into rival company January 5, 2021 Ticketmaster has been slapped with a $10m (£7.4m) fine after it was charged with repeatedly hacking into the computer systems of a rival company. In court documents filed last week, the Department of Justice (DoJ) said several Ticketmaster employees used stolen passwords to access confidential information in a bid to “choke off” competition from a [...]
Investments climb back to pre-pandemic levels with cash reserves playing key role January 5, 2021 Despite economic pressures and a recession looming, nearly half of corporates and large SMEs expect business investment to return to pre-crisis levels by the end of this year as business gets back to normal. According to a new survey shared exclusively with City A.M. today, just 16 per cent expect to take three years or [...]
Sustainability investing: what does the future look like? January 5, 2021 ‘Future of Sustainability in Investment Management: From Ideas to Reality’ is a newly published CFA Institute report. The 60-page publication was informed by the views of more than 7,000 industry participants, including 3,500+ retail investors, 920+ asset owners and 3,050+ investment practitioners. Research included virtual roundtables across 31 markets. Here we summarise its findings. The [...]
Network International taps Mastercard executive as new boss January 5, 2021 Payments processor Network International has hired a top Mastercard executive as its new chief executive following the departure of Simon Haslam. Nandan Mer, who currently serves as Mastercard’s strategy head for international markets, will take up the role on 1 February. It comes after Haslam announced plans to retire at the end of the month [...]
Stars in their eyes: PSA and Fiat shareholders approve mega-merger January 4, 2021 Shareholders in Peugeot-owner PSA and Fiat Chrysler (FCA) have today approved the mega-merger of the two firms, a deal which will create the world’s fourth-largest auto firm. The new entity, called Stellantis, will comprise 14 different brands, including FCA’s Fiat, Maserati and US-focused Jeep, Dodge and Ram to PSA’s Peugeot, Citroen, Opel and DS. Stellantis [...]
Investment body proposes ‘rebranding’ of standard listings January 4, 2021 The City’s leading investment body has proposed an overhaul of London’s standard listing category as the Treasury looks to revamp public listing rules. The former British commissioner to the EU Lord Hill is heading up a government-backed review into rules governing public listings in a bid to lure tech giants to the City. The City [...]
Bitcoin’s New All-Time High and SEC’s Lawsuit Against Ripple Dominate Crypto Headlines January 4, 2021 CryptoCompare data shows the price of Bitcoin (BTC) moved up from around $26,800 at the start of the week to hit a new all-time high above $34,600 hit on the day the flagship cryptocurrency celebrated its 12th birthday. Ether (ETH), the second-largest cryptocurrency by market capitalization, moved from $730 to over $1.100 in a significant [...]
2021 the year for central bank issued digital currencies? January 4, 2021 The Bank of Japan is one of the latest institutions to make public its plans to experiment on how to operate its own digital currency, joining an expanding club of central banks, concerned with the rapid pace of private-sector innovation in the field of payments. Among its members, the club counts the central banks of [...]