Bernoulli’s Prisoner’s Dilemma: applying the scenario to modern markets March 30, 2021 In 1738, the Swiss mathematician and physicist Daniel Bernoulli proposed a simple thought experiment: “A rich prisoner who possesses two thousand ducats but needs two thousand ducats more to repurchase his freedom, will place a higher value on a gain of two thousand ducats than does another man with less money than he.” Let’s place [...]
Bitcoin rebounds strongly after a tough week, refusing to drop below $50K March 29, 2021 Bitcoin shows resilience and rebounds strongly after a tough week, refusing to bow to pressure and drop below $50K.
Tory MPs urge Boris Johnson to scrap work from home guidance next month March 29, 2021 Conservative MPs have called on Boris Johnson to lift work from home guidance next month to speed up an economic rebound. They argue that with more than half the adult population having received a Covid jab, those who want to return to the office should be allowed to do so. Clarity is yet to emerge [...]
UK and EU strike cooperation deal on financial services March 26, 2021 The UK and EU have agreed the terms for future cooperation on financial services between the two jurisdictions. “Formal steps need to be undertaken on both sides before the Memorandum of Understanding (MoU) can be signed but it is expected that this can be done expeditiously,” The Treasury said in a statement. “The MoU, once [...]
Is your boss an introvert? Then working from home may be here to stay March 26, 2021 The majority of small businesses in the UK is run by introverts, and remote working as a result of the pandemic could be here to stay for many of their employees, according to a new study. From the roughly 1,000 business owners that were approached by Hitachi Capital Business Finance, just over two thirds, or [...]
Are US stimulus cheques really going into Bitcoin? March 26, 2021 Persistent reports keep suggesting that Americans are keen to plough their $1,400 stimulus cheques into Bitcoin - but is that really the case?
Lloyd’s of London may ditch strict dress code after 335 years March 26, 2021 Lloyd’s of London could ditch its strict dress code policy for the first time in its 335-year history, with some brokers calling for the “stuffy” attire to be scrapped. Lloyd’s staff who work in one of the City of London’s most iconic buildings are expected to abide by a strict dress code. Men are expected [...]
Is a major dip on the cards for Bitcoin as a record $6bn of options expirations loom large today? March 26, 2021 Is a major dip on the cards for Bitcoin as a record $6bn of options expirations loom large today?
Covid-19, a year on: the need for a more diverse UK economy March 26, 2021 In this series, City A.M. looks back at the last year of the pandemic and Covid restrictions and takes stock of its impact on industries and issues at the heart of British society. Read more: Read the full Covid-19, a year on series here. The UK’s economy was hit by a 10 per cent drop in GDP [...]
Post-Brexit City must be freed from European-style over regulation March 26, 2021 It has always been perceived wisdom that it was greedy bankers to blame for the financial collapse of 2008/9. The truth, however, is very different. Looking back, years of Establishment “too big to fail” support for uneconomic banking and financial institutions which began in the 1970s and culminated in the Greenspan intervention to save markets [...]