Credit Suisse crisis: What’s going on and what will happen next? March 16, 2023 Credit Suisse was once one of the world’s largest and most respected financial institutions but this week its shares have been on a downward spiral. Although the Swiss bank had been caught up in market speculation over the health of the global financial system it has been beset with problems over the last few years [...]
‘Worst volatility is behind us’ after March’s mini-crisis, says Goldman’s David Solomon April 18, 2023 Goldman’s chair and chief executive David Solomon said the worst of March’s banking difficulties had passed, but stressed there were still dangers ahead. On an investor call following first quarter results, Solomon said “it appears the worst volatility is behind us thanks to prompt action from regulators.” Solomon said the quarter was “certainly volatile”, highlighting [...]
Influential shareholder group backs re-election of Barclays board despite concerns over ex CEO Staley April 17, 2023 Institutional Shareholder Services (ISS) recommended Barclays shareholders re-elect all of its board members, but admitted that “questions may be posed” over the board’s decision to back disgraced ex-CEO Jes Staley between 2019-2021. ISS argued that it was too soon to make a judgement on the board’s actions regarding Jes Staley, suggesting that investors wait for [...]
Fundsmith Equity tops most-bought list despite ‘doghouse’ performance April 3, 2024 Run by fund manager Terry Smith, Fundsmith Equity reclaimed the top spot on the most-bought list, moving up one place from second.
Pound falls below $1.10 for first time in almost 40 years after mini-budget September 23, 2022 Pound Sterling continued to tumble after the mini-budget this morning, plummeting to below $1.10 for the first time since 1985. Financial markets ramped up expectations for interest rates to hit a peak of more than 5 per cent midway through next year, as Citi analysis warned the mini-budget “risks a confidence crisis in sterling”, as [...]
Lookahead: Ad tier to distract from falling Netflix subscribers October 17, 2022 Netflix’s new ad tier could act as the perfect distraction for falling subscribers, as the streamer gears up for its third quarter results tomorrow evening, analysts said. With Netflix estimated to add one million new signups globally in the latest quarter, Cowen & Co analyst John Blackledge said that heavier focus may be placed the new ad tier [...]
What Bitcoin u-turns mean for crypto August 17, 2022 Crypto AM columnist Nigel Green examines how some of the world's biggest opponents of crypto are changing their minds about digital assets.
JP Morgan shakes up leadership of its investment bank February 18, 2020 JP Morgan is reshuffling the senior management of its investment bank, naming two new global co-heads and shifting other executives into roles focused on bringing in business. The investment banking giant has launched a sweeping reshuffle of top employees in an attempt to promote the next generation of talent while retaining senior staff amid stiff [...]
Investment giants batten down the hatches as inflation soars May 6, 2022 Investment giants are braced for rampant inflation and an extended period of rate hikes after the Bank of England warned yesterday the economy is at risk of sliding into recession this year.
JPMorgan braced for more than $1bn losses on digital retail bank Chase May 24, 2022 Wall Street giant JPMorgan said it is braced for more than $1bn losses as it grows its digital bank Chase over the next few years, with the retail lender passing the 500,000 customer mark in the UK today.