Chinese hedge fund offers £218k starting salary to rival big banks September 1, 2021 Ubiquant, a China-based fund managing $8bn (£5.8bn) of assets, has bumped up starting salaries in a bid to compete with big banks. JP Morgan, Barclays and Citigroup all upped starting salaries to $100k amid rising market wealth and complaints from new starters about working 100-hour weeks during the pandemic. Amid growing competition Goldman Sachs and [...]
Chinese hedge fund offers £218k starting salary to rival big banks : CityAM September 1, 2021 Ubiquant, a China-based fund managing $8bn (£5.8bn) of assets, has bumped up starting salaries in a bid to compete with big banks. JP Morgan, Barclays and Citigroup all upped starting salaries to $100k amid rising market wealth and complaints from new starters about working 100-hour weeks during the pandemic. Amid growing competition Goldman Sachs and [...]
Cost of living crisis to throttle UK economic growth, IMF warns April 19, 2022 A historic cost of living crunch that is being stoked by Russia’s invasion of Ukraine and strict lockdowns in China will disrupt Britain’s road to recovery, fresh forecasts published today by the world’s economic watchdog revealed. UK households are set to slash spending in response to rampant inflation eroding their living standards rapidly, choking growth [...]
City workers prepare to head back to offices in just eight days time March 21, 2021 Workers are getting ready to head back to the City of London in just over a weeks’ time as the government’s “stay at home” order is relaxed. Investment banks are leading the return to work, with staff set to return to the Square Mile for the first time in months. Goldman Sachs, JP Morgan and [...]
Bankers on track for record bonuses this Christmas October 24, 2021 City bankers could take home a bumper payout in time for Christmas following a year of record dealmaking and capital raising activity. With many city banks gearing up for bonus discussions in the coming weeks industry experts have predicted that bonuses could reach their highest level in over a decade, the Telegraph first reported. It [...]
Mishcon de Reya announces new merger ahead of IPO September 21, 2021 Law firm Mishcon de Reya has agreed a merger with life sciences specialist Taylor Vinters after recently confirming its plans to go public on the London Stock Exchange (LSE). The deal will result in a new legal and consultancy business, named MDR Taylor Vinters, which will be led by Taylor Vinters’ management team. Mishcon said [...]
ITV and Michael Grade eye Channel 4 takeover October 24, 2021 The former chief executive of Channel 4 Lord Grade and ITV are reportedly mulling takeover bids amid government plans to privatise the network. Lord Grade, who was at the helm of Channel 4 between 1988 and 1997 and also chaired the BBC and ITV, is considering snapping up the network The Times first reported. Earlier [...]
Global ESG ranking of the world’s biggest banks: Which financial giants have the best credentials? February 1, 2022 Banks are increasingly vying to establish their ESG credentials in a very competitive marketplace, in the wake of last year’s COP26 climate talks and as they look to differentiate in the year ahead. For the first time, a full list of banks’ credentials has been compiled, carried out by East & Partners. The report found that BNP [...]
Grassroots ESG: Retail activist investment platform Tulipshare raises $11m December 7, 2021 Tulipshare is targeting the next generation of shareholders by tapping into their booming interest in retail investment and demand for a corporate ESG overhaul. After launching in July, the London-based startup has raised $10.8m in seed funding from investors including Eurazeo, Speedinvest and Frst, and received backing from the co-founders of friend locator app Zenly [...]
Insurance chief Nick Lyons picked as new Lord Mayor of London July 7, 2021 Insurance bigwig Nick Lyons has reportedly been appointed as the next Lord Mayor of London after a secretive election in the Square Mile. Lyons, who is chairman of insurer Phoenix and a board member of Bupa, is said to have been picked for the role last night by the City of London Corporation’s Court of [...]