Ousted Credit Suisse boss Tidjane Thiam to launch ‘blank cheque’ venture January 11, 2021 Former Credit Suisse chief executive Tidjane Thiam is said to be launching a so-called blank cheque firm, a year after he was ousted following a lurid spy scandal. Thiam is raising $250m (£185m) for a special purpose acquisition vehicle that will invest in financial services businesses across the globe. JP Morgan Chase is helping to [...]
City Moves: Who’s switching jobs in the Square Mile today? October 1, 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. L.E.K. Consulting L.E.K. Consulting has elected its next Global Managing Partner – the top leadership position in the partnership. Based in London, Clay Heskett has been elected to the global leadership position from the management consulting firm’s [...]
JP Morgan downgrades shopping centre landlord Intu May 13, 2019 Investor concerns over beleaguered retail landlord Intu showed no sign of fading today as shares slumped a further five per cent. Read more: Shares fall at shopping centre owner Intu as it warns on rental profit The shopping centre owner was one of the leading fallers on the London Stock Exchange this morning after an analyst [...]
Goldman Sachs more than doubles profit on trading boost January 19, 2021 Goldman Sachs more than doubled its profits in the fourth quarter helped by a boom in its investment banking and trading activity. The New York bank reported profit of $4.36bn, up from $1.72bn a year earlier, with revenue rising to a record $11.7bn for the quarter. Earnings per share rose to $12.08 per share, nearly [...]
Junior bankers at UBS in line for $40,000 bonus May 10, 2021 UBS will pay young bankers a $40,000 bonus when they are promoted as it looks to reward its junior employees after a gruelling year of dealmaking. The Swiss bank is set to pay the one-time bonus to global banking analysts promoted to associates on top of any regular salary increases, Bloomberg reported. It is reportedly [...]
Boris Johnson vows to block European Super League for English clubs April 19, 2021 Boris Johnson has this morning slammed the new European Super League proposal and has vowed to block English football teams from competing in the new breakaway league. Johnson told reporters today that the proposal, which includes England’s six richest clubs, was “not good news for fans” after last night’s announcement sparked global outrage and brought [...]
Canadian semiconductor firm Alphawave plans $4.5bn London IPO April 22, 2021 Toronto-based Alphawave is planning a London listing after setting a valuation of $4.5bn from cornerstone investors. The company is just four years old and develops technology that pushes data through data centres and phone networks. Alphawave said funds and accounts managed by Blackrock and Janus Henderson have entered agreements to subscribe $510m of offer shares [...]
1 Minute Market Rundown – 14th April 2022 April 14, 2022 Russia – UkraineChina Indicates Looser Monetary PolicyCrypto ConsolidatesECB in Focus We have spoken about the path of least resistance being the USD higher, yields higher and risk lower. Thus naturally it made sense that we saw the total opposite yesterday… We saw, in our minds, a relief rally across the board heading into the ECB [...]
Electronic trading surges with traders eyeing the impact of machine learning February 9, 2021 Professional traders are anticipating artificial intelligence and machine learning to be the most influential technology over the next three years. JP Morgan’s flagship survey reveals more than half of professional and institutional traders anticipate machine learning to lead technology. Currently a third of client traders predict mobile trading applications to be the most influential this [...]
Canary Wharf boss: ‘FOMO’ will bring staff back to the office June 14, 2021 Canary Wharf boss: Government must be clear on rules, but FOMO will bring people back to the office