Norway poised for historic first female as its central bank chief August 27, 2021 Norway may appoint a female as its central bank chief for the first time ever, after governor Oystein Olsen announced on Thursday that he will step down in February 2022. Deputy governor Ida Wolden Bache is in a prime position to succeed Olsen in running monetary policy in the wealthiest Nordic economy, Nordea bank economist [...]
Citigroup boosts base pay for junior bankers July 3, 2021 Junior investment bankers at American bank Citigroup are set to receive a pay boost, the firm announced on Friday. In a memo distributed to staff yesterday, the bank said analysts, associates and programme vice-presidents working in the Wall Street firm’s banking, capital markets and advisory arm would receive the pay fillip from 1 July. The [...]
Meet Liz Truss’s top team: Long-term ally Kwasi Kwarteng to hold UK’s purse strings as Chancellor September 7, 2022 Following yesterday’s Cabinet reshuffle, City A.M. introduces you to some of Liz Truss’s key ministers. Who are they? What has their journey been so far? Also check out the new Home Secretary, Suella Braverman, the new Foreign Secretary, James Cleverly as well as the new Business Secretary, Jacob Rees-Mogg. Britain’s new Chancellor Kwasi Kwarteng has the job [...]
Mishcon de Reya partners back IPO plans as firm edges closer to listing September 10, 2021 Mishcon de Reya partners approved the law firm’s plans to go public on the London Stock Exchange, according to reports. Mishcon de Reya officials confirmed that at least three quarters of the partnership voted in favour of the planned initial public offering (IPO) of the firm, according to The Times. The law firm will be [...]
Brits brace for multi-pronged living standards crunch as inflation hits new 30-year high February 16, 2022 Brits will be hit by a multi-pronged squeeze on their living standards this year, economists are warning after new figures published today revealed inflation has climbed to a fresh 30-year high. A combination of accelerating price rises, tax hikes and higher interest rates will erode Brits’ finances at the worst rate since the late 1940s, [...]
Current institutional approach to decentralised finance (DeFi) June 23, 2021 Rob Gaskell of Appold takes a detailed look at the effects of institutional interest in decentralised finance.
Modellers exclude South Africa data indicating Omicron is milder than Delta variant, reveals SAGE expert December 19, 2021 Potential best-case scenarios where the Omicron variant is milder than the Delta variant are pointless, according to Graham Medley.
Morgan Stanley shakes up leadership as race for CEO successor intensifies May 20, 2021 Morgan Stanley announced a number of leadership changes and set off a competition between potential successors to replace Chief Executive Officer James Gorman in the next few years. In a statement Gorman said the announcement “reflects the next generation of leadership at Morgan Stanley.” “I am highly confident one of them will be the CEO in [...]
Abrdn in advanced talks to buy Interactive Investor for £1.5bn November 7, 2021 Asset manager Abrdn has set its sights on snapping up DIY stock-picking platform Interactive Investor in a deal worth £1.5bn. Reportedly Abrdn is being advised by bankers at JP Morgan and is in advanced discussions with JC Flowers and Co, the private equity group that has owned a majority stake in Interactive Investor since 2016. [...]
JP Morgan starts European audit review July 30, 2019 JP Morgan Chase has reportedly launched a review into its current relationship with auditors for its major European arm. The Wall Street giant has kicked off a process to look at the role currently held by PricewaterhouseCoopers (PwC) as the accountant of JPMorgan Securities. Read more: Metro Bank finance director steps down to take new [...]