financial news this week
- 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
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…
Read More » - Finance
Government hits back at ‘race to the bottom’ claims as battle over future of City rules rages on
Chief secretary to the Treasury John Glen has hit back at critics of the government’s ‘Big Bang 2.0’ plans for…
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 » - Finance
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…
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
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
Bea Bruske: Bank of Canada should pause rate hikes now to avert a manufactured recession
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
Read More » - Finance
Interest rates are going up this week: What you need to know about the Bank of Canada decision
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
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 » - Finance
Key inflation measure that the Fed follows rose 0.2% in October, less than expected
A man climbs into the fridge for milk at a Walmart store in Rosemead, California on November 22, 2022. Frederic…
Read More » - Finance
Blackstone sells stake in MGM Grand, Mandalay Bay as Las Vegas icons valued at $5.5bn
Blackstone has agreed to sell its 49.9% stake in two Las Vegas hotels in a deal that values the properties at…
Read More » - Finance
Private hiring increased by just 127,000 jobs in November, well below estimate, ADP reports
Private hiring slowed sharply during November in a sign that the historically tight labor market could be losing some steam,…
Read More » - Finance
GDP beat masks weakness underneath: What economists are saying about the numbers
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
Read More » - Finance
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…
Read More » - Finance
Bridgepoint mulls $1bn deal for energy investment firm
Bridgepoint Group in London said it is evaluating a possible bid for Energy Capital Partners, commenting after a report that the…
Read More » - Finance
Why the wealthy will have to play their part in stopping the next pandemic
Mariana Mazzucato, professor in the economics of innovation and public value at University College London, is founding director of the…
Read More » - Finance
Six keys to unlocking a new era of place-based federal investment
The first years of the 2020s have forced the United States to contend with a litany of major issues, including…
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
Hedge funds shift to decentralised platforms after FTX collapse
Hedge funds are increasingly turning towards private wallets and self-custody after FTX’s collapse showed up the risk of relying on…
Read More » - Finance
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…
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
Sam Bankman-Fried’s pledges for billions to stop future wars and pandemics in tatters on FTX’s collapse
Sam Bankman-Fried said he wanted to prevent nuclear war and stop future pandemics. And he publicly pledged to use his…
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
Canada to explore a free-trade agreement with Ecuador, in fresh run at lessening reliance on U.S., China
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
Read More » - Finance
Meet Denis Okema — the ex-political refugee now fighting to diversify the investment industry
SEI Investments director Denis Okema fled his home country as a political refugee after he was the target of an…
Read More » - Finance
Tiff Macklem acknowledges the Bank of Canada is losing money for first time
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
Read More » - Finance
Abrdn set for FTSE 100 return following share price rally
Abrdn, the Edinburgh-headquartered asset manager, is set to return to the UK’s premier listing of UK companies following a more…
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
How Stephen Poloz thinks Canada can solve labour shortages and its lagging loonie
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
Read More » - Finance
Peter Hall: Why inflation is not really the problem
This section is Presented This section was produced by the editorial department. The client was not given the opportunity to…
Read More » - Finance
Greater Cincinnati’s community learning centers lead place-based learning and holistic neighborhood development
All 65 of greater Cincinnati’s schools are community learning centers, Ohio’s name for community schools. Cincinnati Public Schools (CPS) is…
Read More » - Finance
BoE’s Andrew Bailey was playing a high-stakes game over gilts support for pension funds
Nobody comes out of the pension fund and gilt market crisis looking good. In the middle of the firing line…
Read More » - Finance
JPMorgan’s investment banking fees slide by 47% as dealmaking boom tumbles
Investment banking fees at JPMorgan slipped by 47% during the third quarter, kicking off what is expected to be a…
Read More » - Finance
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…
Read More » - Finance
Bankers brace for job cuts after fees plunge at JPMorgan, Morgan Stanley and Citi
Dealmakers face an anxious final three months of 2022, as investment banks face growing pressure to cut costs after a…
Read More » - Finance
Liberum pushes equity research into the US with Raymond James tie-up
City investment bank, Liberum, is pushing its equity research into the US through a tie-up with Florida-headquartered bank, Raymond James.…
Read More » - Finance
Banker bonus cap may still be scrapped despite Jeremy Hunt’s U-turn on most of UK mini-budget
New chancellor Jeremy Hunt is set to press ahead with plans to scrap the cap on bankers’ bonuses, according to reports, as…
Read More » - Finance
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…
Read More » - Finance
Morgan Stanley boss James Gorman: ‘We’re looking at head count’
Morgan Stanley chief executive James Gorman said the marquee investment bank is studying potential job cuts as the latest big…
Read More » - Finance
‘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…
Read More » - Finance
City ramps up efforts on ‘menopause taboo’ in fight for top talent
The City is stepping up efforts to break the ‘menopause taboo’, promoting flexible working and better training for managers, amid warnings…
Read More » - Finance
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…
Read More » - Finance
JPMorgan dealmaking veteran Carlos Hernandez to retire
JPMorgan executive Carlos Hernandez, the leader of the bank’s investment banking staff and a member of Jamie Dimon’s inner management…
Read More » - Finance
Boutique advisory Lazard to move to new UK base in Marylebone
Lazard inked a deal to move to a new UK headquarters at 20 Manchester Square, London, in a new seven-storey building. The…
Read More » - Finance
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…
Read More » - Finance
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…
Read More » - Finance
Law firms under pressure to cut jobs as cheaper rivals cash in on recession fears
Law firms are under pressure from clients to cut fees and staff headcount amid an economic slowdown and growing recession…
Read More »
