Will digital currencies wane or flourish as banks adopt ISO 20022? November 11, 2022 Jonny Fry takes a look at the adoption of ISO 20022 by banks next year, and how its introduction will affect cryptocurrency.
Saudi Aramco sizes up private equity and sovereign funds for $17bn gas pipeline stake August 16, 2021 Saudi Aramco is looking to raise at least $17bn from the sale of a significant minority stake in its gas pipelines, sources told Reuters today. A sale that large for a slice of the pipeline deal would be higher than the $12.4bn raised from its oil pipeline deal. Potential bidders including North American private equity [...]
London’s newly-listed LendInvest scores £150m partnership with Barclays and HSBC August 16, 2021 Property finance asset manager LendInvest has announced a £150m lending collaboration with two of Britain’s biggest banks, just weeks after its £255m IPO on London’s AIM index. The new tie-up is geared towards financing UK property entrepreneurs and will see the British banks provide funding for short-term mortgages through LendInvest’s digital platform. It’s the first [...]
Morgan Stanley boss James Gorman pockets $33m pay packet January 23, 2021 Morgan Stanley will pay chief executive James Gorman $33m (£24m) as the US investment bank hailed a “record year” in 2020. The bumper pay packet is a 22 per cent increase on Gorman’s $27m remuneration in 2019, according to a regulatory filing published yesterday. Morgan Stanley directors said the decision was based on the firm’s [...]
British surgical robot firm CMR valued at $3bn after Softbank-led funding June 28, 2021 British surgical robotics group CMR Surgical has raised $600m (£431m) in a Softbank-led funding round as it looks to expand its technology to hospitals worldwide. The Cambridge-based company said the cash injection was the largest ever medtech private financing round and gave it a valuation of $3bn. The funding was led by Softbank’s Vision Fund [...]
City Moves: Who’s switching jobs in the Square Mile today? December 9, 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. UHY Hacker Young Accountancy group UHY Hacker Young has bolstered its London office with a new research and development (R&D) tax partner. Joining from East Midlands firm Duncan & Toplis, Kevin Edwards is set to advise on [...]
Leap in Bitcoin trading volumes as flagship cryptocurrency steers a course for $21k November 1, 2022 At around $20,630 Bitcoin was still trading in the green this morning, up 0.25% in the last 24 hours for the flagship cryptocurrency.
Electric truck maker Rivian plots Wall St. IPO valuing firm at $70 billion May 29, 2021 An Amazon-backed electric-truck start-up is reportedly plotting an IPO later this year which would value the company at around $70bn (£50bn). California-HQed Rivian has appointed advisers including Goldman Sachs and JP Morgan, according to Bloomberg. Read more: The world is not enough: Amazon’s streaming push continues with $8.45bn deal for Bond studio MGM Despite the [...]
OnlyFans u-turns on sexually explicit content ban August 25, 2021 OnlyFans has “suspended” a proposed ban on sexually explicit content after facing backlash from creators and users. In a statement posted on Twitter the company said: “Thank you to everyone for making your voices heard. We have secured assurances necessary to support our diverse creator community and have suspended the planned October 1 policy change. [...]
JP Morgan trumps expectations with 16 per cent rise in profits July 16, 2019 JP Morgan Chase beat analyst estimates this afternoon after posting a double-digit rise in profit, bolstered by a tax windfall and higher net interest income. America’s largest bank reported a 16 per cent rise in profit to $9.65bn (£7.7bn) today, or $2.82 per share, trumping Refinitiv estimates of $2.50 per share. Read more: Citigroup starts [...]