How the financial services sector in Latin America is tackling gender imbalance February 9, 2022 DiverCity® Podcast · Financial and female inclusion in Latin America Financial inclusion is increasingly being seen as a valuable tool to promote social progression and economic prosperity. Latin America has a female-led workforce yet female representation in corporate boardrooms is low. But that contrast is creating a precedent for change, with banks, individuals and social [...]
US charges JP Morgan precious metals traders with market manipulation and ‘racketeering’ September 16, 2019 JP Morgan’s global head of precious metals trading has been charged in the US with running an eight-year “racketeering conspiracy” to manipulate markets. Michael Nowak, 45, who ran the bank’s global precious metals trading desk, faces charges of a “massive, multiyear scheme to manipulate the market for precious metals futures contracts and defraud market participants,” [...]
Oil prices rise amid escalating unrest in OPEC+ producer Kazakhstan January 6, 2022 Oil prices have risen on both major benchmarks today, following escalating unrest in OPEC+ oil producer Kazakhstan and supply outages Libya.
Credit Suisse names new compliance chief after Greensill and Archegos scandals September 8, 2021 Credit Suisse has named Rafael Lopez Lorenzo as its new chief compliance officer less than six months after several senior executives left the bank, which is still recovering from the twin scandals of Archegos Capital Management and Greensill Capital. From 1 October Lorenzo, who is currently the head of group internal audit, will take over from [...]
Trader sues UBS over stress induced mental health issues – CityAM : CityAM September 22, 2021 A UBS Group trader is suing his employer claiming the “toxic” London work environment and “punishing workload” caused his mental health to deteriorate. Simon Rope, who has been unable to work since suffering a breakdown in 2018, is claiming upwards of £200,000 for negligence over an anxiety disorder which was caused by “the stress to [...]
Extinction Rebellion cause traffic delays at Trafalgar Square September 1, 2021 Transport for London warned of disruptions to traffic after roads leading to Trafalgar Square were blocked in both directions by Extinction Rebellion protestors. Earlier this afternoon roads were closed as XR activists attended rallies to mark the tenth consecutive day of demonstrations. Key roads were blocked as the protestors made their way from Parliament Square [...]
City Moves: Who’s switching jobs in the Square Mile this week? November 19, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. C. Hoare & Co. Private bank C. Hoare & Co. has posted a former JP Morgan executive to its board as a non-executive director. India Gary-Martin brings some 25 years of experience to the role, from across [...]
Morgan Stanley hikes pay for junior bankers … again August 31, 2021 Morgan Stanley has raised base salaries for entry-level bankers for the second time in a month, heating up the pay hike frenzy as Wall Street rivals compete for junior talent. Junior bankers at the US investment bank will now be paid a base salary of $110,000 – up from the previous rise from $85,000 to [...]
Take your seat for the Bank of England, Federal Reserve and central banks’ final act May 2, 2023 This is the final act in central banks’ aggressive interest rate hike cycle. Well, so say most analysts at the moment.
S4 Capital plans £321m expansion as business is powered by post-pandemic rebound July 19, 2021 Sir Martin Sorrell’s advertising agency is booming, driven by the global economy post-pandemic rebound and transformations in digital marketing, S4 Capital said this morning. S4 Capital said it has secured a debt refinancing which will fund future expansion. With a continued rise in expectations, the company plans to continue its expansion in the 12 months [...]