Banking
- Finance
Robinhood rolls out IRAs to target buy-and-hold crowd
Robinhood said on 6 December it will start offering retirement accounts, in a plan to convince the next generation of…
Read More » - Finance
The Fintech Files: Kraken’s ‘savage’ layoffs, more trouble for crypto hedge funds
Staff at Kraken have become the latest victims of the crypto winter after the US-based exchange announced 1,100 job cuts.…
Read More » - Market
Interactive: Here are the politicians who received money from FTX’s Sam Bankman-Fried
Sam Bankman-Fried opened up his wallet to Washington in a big way during the 2022 election cycle, donating about $40…
Read More » - Finance
Bank of America CEO says dealmaker fees down by up to 60% in fourth quarter
Bank of America chief executive, Brian Moynihan, said that investment banking fees at the bank will slide by up to 60%…
Read More » - Finance
Robinhood to offer retirement accounts to users who love long-shot bets on risky assets
Robinhood said on 6 December it will start offering retirement accounts, in a plan to convince the next generation of…
Read More » - Finance
Goldman Sachs CEO David Solomon says banker talent war is ‘as strong as ever’ despite cuts
Goldman Sachs chief executive David Solomon said that the job market for bankers is “surprisingly tight” and that the bank…
Read More » - Finance
‘It was savage’: Kraken’s crypto staff slam ‘cold’ redundancies
Staff laid off by crypto giant Kraken say they only learned of their redundancies when they were locked out of…
Read More » - Business News
London overtakes New York and San Francisco for fintech funding
London has attracted $9.5 billion (£7.8 billion) in fintech venture capital funding since the start of the year, according to…
Read More » - Finance
JPMorgan hires Deutsche, UBS and BNP Paribas trio for mid-market push
JPMorgan has hired a trio of dealmakers for a unit that targets deals in the mid-market. Thibaud de Maria has…
Read More » - Finance
Jefferies executives warn staff of ‘difficult’ year for bonuses
Jefferies executives have warned staff that 2022 will be a “difficult compensation season” as investment banks prepare to cut variable…
Read More » - Finance
What Celsius Network’s bankruptcy case means for other failed crypto platforms
The judge overseeing Celsius Network’s bankruptcy case is expected to decide if the crypto firm has full ownership rights over…
Read More » - Finance
Fintech Files: BlockFi bust, ex-Celsius directors tell all, Tory super-crypto donor does it again
Just when you thought crypto couldn’t get more chaotic, another firm has filed for bankruptcy — lender BlockFi. The firm was one of…
Read More » - Finance
FTX’s bankruptcy triggers global squabbles over ownership and control of crypto firm’s assets
The collapse of cryptocurrency exchange FTX has opened a hornet’s nest of squabbles between foreign governments and its new US chief executive,…
Read More » - Market
Saudi crown prince set to invest in Credit Suisse’s new investment bank
Saudi Arabia’s crown prince and a U.S. private-equity firm run by Barclays PLC’s former chief executive are among investors preparing…
Read More » - Finance
Activist who called for Credit Suisse break-up says latest overhaul isn’t enough
An activist investor who called for Credit Suisse’s break-up five years ago said that the Swiss bank’s new overhaul “barely scratches…
Read More » - Finance
Alantra recruits ex-Jupiter HR head as hiring spree continues
Mid-market investment bank Alantra has hired a veteran human resources professional to lead a global recruitment push from London as…
Read More » - Finance
Saudi prince sets sights on Credit Suisse spinoff
Saudi Arabia’s crown prince and a US private-equity firm run by Barclays’ former chief executive are among investors preparing to invest…
Read More » - Market
November jobs report is most important data for inflation this year- and not in a good way
The November U.S. jobs report on Friday showed the U.S. economy gained 261,000 jobs last month, with the unemployment rate…
Read More » - Finance
The unbearable uselessness of crypto
Andrés Velasco, a former presidential candidate and finance minister of Chile, is dean of the School of Public Policy at…
Read More » - Finance
Credit Suisse loses secondary-advisory executive to Baird
One of the most senior secondary private equity bankers at Credit Suisse has left the investment bank, according to several…
Read More » - Finance
FTX’s Sam Bankman-Fried says he didn’t know scale of bad Alameda bets
Sam Bankman-Fried said that he didn’t intend to commit any fraud or use customer funds to back leveraged bets that…
Read More » - Finance
Credit Suisse’s comeback plan hasn’t won over investors yet
Credit Suisse $4.2bn share sale and sweeping restructuring were supposed to regain the market’s confidence. Instead, more investors are betting against the bank.…
Read More » - Finance
Why overstaffed teams and bad attitudes mean junior banker jobs are under threat
At the height of the 2008 financial crisis when banks fired tens of thousands of staff, junior bankers who were…
Read More » - Finance
TP ICAP registers crypto trading arm with UK regulator
London-based broker TP ICAP has become the latest institutional finance firm to get its crypto offering registered with the Financial…
Read More » - Market
U.S. private-sector job growth slows to lowest level since early 2021, ADP
The numbers: Private payrolls rose by 127,000 in November, according to the payroll services firm ADP on Wednesday. It is…
Read More » - Business News
HSBC could lose 100 staff in new round of branch closures
H SBC has said that around 100 staff could leave the bank as a result of plans to axe 114…
Read More » - Finance
‘Grow up,’ ex-Celsius directors warn crypto as BlockFi joins bankruptcy club
Two former directors of the collapsed crypto lender Celsius Network have a warning for digital assets firms wishing to avoid…
Read More » - Finance
Why early Alameda staff quit over Sam Bankman-Fried’s approach to risk
Years before Sam Bankman-Fried’s crypto empire collapsed, a group of employees quit in a power struggle — after becoming concerned about…
Read More » - Finance
Julius Baer hit with £18m fine over Russia dealings
UK regulators fined Swiss private bank Julius Baer more than £18m for improper dealings with Russian companies dating back more…
Read More » - Finance
Jupiter agrees performance fee cut on Chrysalis trust after managers’ payouts slammed
Performance fees charged by the well-known Chrysalis investment trust have been slashed after its managers came under criticism last year for the size…
Read More » - Finance
BNP Paribas eyes move into private credit as leveraged lending dries up
BNP Paribas is eyeing a move into private credit, which could provide an alternative source of funding for major M&A deals as traditional…
Read More » - Finance
UBS veteran Mark Lewisohn departs after 33 years at the Swiss bank
A 33-year veteran of UBS is leaving the bank, in the latest senior departure from its UK dealmaking team. Mark Lewisohn,…
Read More » - Entrepreneurs
Do You Need a Business Checking Account for Your Startup? It Depends.
Opinions expressed by Entrepreneur contributors are their own. When you’re establishing your startup, it can be a challenge to choose…
Read More » - Market
U.S. home prices fall for third straight month in September: Case-Shiller index
The numbers: The S&P CoreLogic Case-Shiller U.S. 20-city price index fell 1.2% in September, its third consecutive monthly decline. The…
Read More » - Market
A Fed rate-hike cycle never hit stocks this hard before. Here’s what’s different this time.
Anyone watching the market knows stocks have been hammered since the Federal Reserve began in March what has turned into…
Read More » - Market
20 dividend stocks with high yields that have become more attractive right now
Income-seeking investors are looking at an opportunity to scoop up shares of real estate investment trusts. Stocks in that asset…
Read More » - Market
Crypto lender BlockFi is suing Sam Bankman-Fried over his shares in Robinhood: report
Just hours after filing for Chapter 11 bankruptcy in New Jersey on Monday, cryptocurrency lender BlockFi filed a lawsuit against…
Read More » - Finance
Meet the 21 Goldman Sachs partners to make the cut in Europe
Goldman Sachs has named its largest partner class for eight years and its most diverse ever as the US banking…
Read More » - Finance
Deutsche Bank CEO calls on regulators to loosen rules that ‘structurally disadvantage’ European banks
Deutsche Bank chief executive Christian Sewing has called on politicians and regulators to overhaul rules that “structurally disadvantage” European banks against…
Read More » - Finance
Meet Goldman Sachs’ first Bangladeshi partner as US bank aims to diversify upper ranks
Goldman Sachs promoted a record number of non-whites and women to its elite ranks in its largest partner class for…
Read More » - Finance
BlockFi files for bankruptcy as crypto rout claims latest victim
Cryptocurrency lender BlockFi filed for bankruptcy on 28 November, making it the latest major digital assets company to fail since…
Read More » - Finance
What Carlyle founder David Rubenstein makes of the FTX crash
David Rubenstein co-founded The Carlyle Group in 1987, and it has since become a private equity behemoth with $369bn under…
Read More » - Finance
FTX flopped simply because it veered from decentralised finance
Jurica Dujmovic is a columnist for MarketWatch. He is a business publisher, consultant, designer and gamer The past few weeks have been…
Read More » - Finance
‘It’s risky business’: Binance’s $1bn crypto industry recovery fund prompts antitrust concerns
Binance risks getting on the wrong side of global competition watchdogs with its new $1bn industry recovery fund, a crypto…
Read More » - Finance
Veteran dealmaker Malik Karim on the new culture of banking, and how UK markets can rebuild their clout
On 17 November, Financial News sat down with Fenchurch Advisory Partners founder and former Conservative Party treasurer Malik Karim to…
Read More » - Finance
HSBC poaches ex-FCA comms boss Tom Willetts for private banking role
Former Financial Conduct Authority communications director Tom Willetts is joining HSBC as global head of communications for private banking and…
Read More » - Finance
JPMorgan, Deutsche Bank on the hook for class action lawsuits over facilitating Jeffrey Epstein’s sex-trafficking
Women who accused Jeffrey Epstein of sexual abuse are suing Deutsche Bank and JPMorgan, saying the banks facilitated Epstein’s alleged sex-trafficking operation and ignored…
Read More » - Finance
Litigation funder Harbour targets $400m war chest to invest in legal cases
Harbour Litigation Funding is gearing up to raise a new $400m fund to invest in legal cases. The litigation finance…
Read More » - Finance
FTX hires former regulators to investigate what led to the crypto giant’s bankruptcy
Cryptocurrency exchange FTX, whose recent collapse has led to questions about lacking regulatory oversight, has hired a fitting team to…
Read More » - Market
U.S. jobless claims jump to 240,000, highest since August
The numbers: Initial jobless benefit claims rose by 17,000 to 240,000 in the week ended November 19, the U.S. Labor…
Read More »
