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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.…
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Thousands of businesses that received CEWS may not have been eligible: auditor general
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
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Vass Bednar: If Elon Musk can’t force Apple and Google to change their app stores, who will?
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
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Developing a resilient downtown in Globe, Arizona
Developing a resilient downtown in Globe, Arizona Skip to main content In this episode of “Reimagine Rural,” Tony Pipa speaks…
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Bea Bruske: Bank of Canada should pause rate hikes now to avert a manufactured recession
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Former Barclays boss Bob Diamond ends Spac tie-up with crypto firm Circle
A blank cheque company headed by former Barclays boss, Bob Diamond, has called off its planned merger with crypto firm…
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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,…
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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…
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Why Africa matters to the United States: Top 5 reasons
Earlier this year, President Biden announced that his administration would host the second-ever U.S.-Africa Leaders Summit, as a demonstration of…
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Ex-Goldman Sachs MD Adam Iqbal joins Capstone as portfolio manager
Hedge fund Capstone Investment Advisors has hired Goldman Sachs managing director Adam Iqbal to strengthen its portfolio management team. Iqbal,…
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There are 50 million people in modern slavery – the City ‘can and should do more’
The City must step up to tackle modern slavery, according to leading campaigners, amid warnings that the UK government is failing to…
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Pension fund heavyweights plan private markets boost to beat stagflation
Heavyweight pension funds plan to ramp up their exposure to private markets, global equities and thematic investments, as major players seek…
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Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession
Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9,…
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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…
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FP Answers: Why is the Bank of Canada losing money and does it matter?
This section is Sponsored This section was created by Content Works, Postmedia’s commercial content studio. by RBC Breadcrumb Trail Links…
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KPMG plans £5.5m post-Covid office makeover for 1,200 Manchester staff
KPMG UK is investing £5.5m in an overhaul of its Manchester office aimed at boosting collaborative working. The firm said…
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The Fintech Files: Fidelity cashes in on crypto mayhem, Cunliffe calls for regulation, FTX bankruptcy latest
The collapse of Sam Bankman-Fried’s FTX has shattered confidence in the crypto sector and, in some people’s eyes, presented it…
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Hedge funds’ 2 and 20 fee structure is facing challenges, former Bridgewater exec says
As hedge funds battle plunging equity markets, rising inflation, and large outflows, they are set to face another challenge next…
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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…
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Alberta forecasts smaller surplus as Danielle Smith opts to spend some of the oil windfall
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
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Alberta forecasts narrower surplus as Danielle Smith opts to spend some of the oil windfall
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
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Sean Fraser: ‘Unacceptable’ that immigrant surgeons are working as taxi drivers
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
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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…
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Toronto rent climbs 26% from last year, but national average cools in October
Article content After breaking through the $2,000-a-month level in September, the national average rent for all property types slipped 3.2…
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Credit Suisse warns of $1.6bn hit in fourth quarter as concerned clients pull investments
Credit Suisse warned it would lose around $1.6bn in the fourth quarter after customers pulled their investments and deposits over…
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Bank of Canada’s Carolyn Rogers flags first-time homebuyers facing ‘trigger rates’ as risk
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
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A tsunami of negative indicators should have worried advisers years ago
Patrick Ghali is managing partner of hedge fund advisory Sussex Partners It is striking how investors reading research reports produced…
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Hedge funds fall for Dubai over lower tax rates, softer regulation — portfolio managers want in
London hedge funds are joining a trend of investment firms looking towards Dubai for expansion, lured by lower tax rates, softer…
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Ex-Conservative Party treasurer Malik Karim on Truss’ tenure: ‘I’d be lying to you if I told you it wasn’t a challenge’
Navigating the uncertainty of Liz Truss’s tenure as prime minister was a “challenge” for former Conservative Party treasurer Malik Karim,…
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ESG indices jump 50% but new investors are still unsure
ESG futures indices are booming, but many new investors are still not confident enough to back them. CME Group’s global head…
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Bitcoin, ether dive on red-hot US inflation data
Bitcoin and other cryptocurrencies were falling on 13 October, in line with stocks, as they reacted to key inflation data. Bitcoin…
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Alvarez & Marsal hires ex-Lloyds heavyweight to bolster financial services unit
Former Lloyds Banking Group senior executive Adrian Walker has joined professional services firm Alvarez & Marsal to strengthen its financial…
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ESG firm raises eyebrows for ranking collapsed crypto giant FTX higher on governance than Exxon Mobil
AI-driven ESG ratings firm Truvalue Labs has defended its methodology after awarding collapsed crypto giant FTX a higher score for…
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Deutsche Borse calls its first digital bond ‘the MP3’ for the securities services industry
Deutsche Borse became the first exchange to go live with digital issuances in Germany, under its post-trade service provider Clearstream.…
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Coinshares, Metaco bosses brace for 18 months of crypto ‘suffering’
Hopes that the crypto winter will soon thaw are looking increasingly remote, chief executives tell Financial News, as many prepare for…
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Morgan Stanley cuts banker pay by 15% as dealmaking slides
Morgan Stanley has cut pay within its investment banking unit by just 15% this year, despite dealmaking fees nearly halving…
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Citigroup’s dealmaker fees slip 63% amid hiring spree
Fees from dealmaking slipped by 63% at Citigroup during the third quarter, a bigger decline than its Wall Street rivals…
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City workers hunting for jobs face dwindling number of available roles
The number of City workers hitting the pavement looking for new work has reached its highest level in five years,…
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Hargreaves Lansdown chief Chris Hill to step down
Hargreaves Lansdown has announced that chief executive Chris Hill will retire from the company after six years at the helm.…
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New UK chancellor ditches almost all ‘mini budget’ tax cuts in a bid to stabilise markets
New UK Chancellor Jeremy Hunt said Monday he is reversing nearly all the government’s proposed tax cuts and will pare…
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Why Bain’s private equity head thinks the sector should get ‘back to basics’
A leadership transition at consulting firm Bain & Co., which has advised private equity firms and their portfolio companies for…
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‘Nobody wants that job’: Some businesses are turning to robots to solve labour shortage woes
Breadcrumb Trail Links Work News Economy Hiring problems have forced some to embrace automation, but business investment faces headwinds in…
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Banker bonus cap wasn’t working, says new Chancellor Jeremy Hunt
The UK government’s plan to remove the cap on City bonuses is going ahead, new Chancellor Jeremy Hunt confirmed. “I…
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Three Arrows liquidators seek court permission to subpoena crypto hedge fund’s missing founders over Twitter
The founders of Three Arrows Capital might find a surprise the next time they open Twitter: subpoenas from court-appointed liquidators…
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Autumn Statement: City workers hit with new taxes as Hunt takes aim at dividends and capital gains
Chancellor Jeremy Hunt has upped the tax burden on City workers through changes to dividend and capital gains treatment in…
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Goldman Sachs reports 43% profit drop amid plans for historic overhaul as dealmaking drought continues
Goldman Sachs said on 18 October that profit fell 43% in the third quarter, making it the latest Wall Street…
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FCA backlogs set to continue as veteran enforcement head Mark Steward steps down
Regulatory experts are expecting a backlog in Financial Conduct Authority investigations to continue as the regulator’s veteran enforcement head Mark…
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HSBC sustainability ads were ‘misleading’, UK watchdog rules
The UK advertising watchdog has banned several HSBC promotions for overstating the bank’s green credentials. The Advertising Standards Authority determined that two…
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Bank profits face fresh tax raid in bid to shore up UK finances
Chancellor Jeremy Hunt is weighing up the level of tax that should be applied to banks as he looks to…
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Barclays’ Katharine Braddick on why diversity and mentoring really matter for the City
Few women in the City can boast having such an influential role as chief Brexit negotiator for financial services. But…
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