JP Morgan plans to cut hundreds of asset and wealth management jobs March 28, 2019 JP Morgan Chase & Co is cutting hundreds of jobs across its asset and wealth management division. The investment bank plans to dismiss employees in support roles and some wealth management staff across the firm’s global business as part of an annual review. Read more: City banks back women's wealth scheme “It is normal course of [...]
Vaping wholesaler Supreme targets £156m market cap with AIM listing January 27, 2021 Vaping wholesaler Supreme this morning announced plans to float on London’s stock market, targeting a £156.1m market capitalisation. The Manchester-based e-cigarette firm will launch its initial public offering on London Stock Exchange’s growth market AIM next week. Its market capitalisation is expected to reach £156.1m following the IPO. This morning the company said it had [...]
Zoom kicks off $1.5bn share issue as vaccine threat looms January 12, 2021 Zoom is set to raise $1.5bn (£1.1bn) in a mammoth share sale as it looks to maintain momentum following a bumper year of growth. The video conferencing app launched the fundraising today, adding that it could be expanded by a further $225m. Zoom did not say what it plans to do with the fresh capital. [...]
WFH: ‘Like the internet before, we’re at an inflection in the history of work’ May 14, 2021 The arrival of the Covid-19 pandemic and subsequent switch to home working has put us at a pivotal moment in history that could change how we do things forever, according to a specialist. We are about to see a dramatic shift to hybrid working in a post-pandemic world, according to research director Alexia Cambon, who, [...]
Mark Kleinman: Will Barclays be able to explain their backing for Staley? November 4, 2021 Sky News’ Mark Kleinman is the man the City reads – and in his fortnightly column for City A.M., he shares his insight and analysis. Barclays in the headlines again What is it about Barclays and rough-Diamond bosses? In the end, the surprise was not so much that Jes Staley left the British bank mired [...]
A carbon tax will allow capitalism to save the climate September 3, 2021 The Extinction Rebels are back at their barricades. This week, they smashed windows at JP Morgan’s offices and blockaded London Bridge. Speaking to LBC in the aftermath, Sadiq Khan worried they are alienating the public from their cause. They are certainly an uncompromising lot. Arla, the milk-maker, was a target of their ire. Even the [...]
A carbon tax will allow capitalism to save the climate – CityAM : CityAM September 3, 2021 The Extinction Rebels are back at their barricades. This week, they smashed windows at JP Morgan’s offices and blockaded London Bridge. Speaking to LBC in the aftermath, Sadiq Khan worried they are alienating the public from their cause. They are certainly an uncompromising lot. Arla, the milk-maker, was a target of their ire. Even the [...]
European Super League: How much do clubs stand to earn? Where is the money coming from? And will the rest of football be worse off? April 19, 2021 The driving force behind plans for a new European Super League is money – specifically, the chance to make more of it. But exactly how much money do the six English clubs involved – Manchester United, Liverpool, Manchester City, Chelsea, Arsenal and Tottenham Hotspur – and the other six known founder teams – Real Madrid, [...]
Leaked document trove reveals banking giants enabled money laundering September 20, 2020 Some of the world’s biggest banks have been caught enabling trillions of dollars in money laundering to flourish under their watch, thousands of leaked government documents have revealed. The FinCEN Files, named after the US Treasury’s anti-fraud agency, have been shared by Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ). They claim to [...]
JP Morgan backs Sirius Minerals $3.8bn financing package for Yorkshire mine April 30, 2019 JP Morgan has backed a $3.8bn (£2.9bn) Sirius Minerals financing package as the miner looks to complete a fertiliser project in North Yorkshire. The US bank has underwritten a $400m share placing launched this morning and will provide a $2.5bn revolving credit facility, Sirius Minerals revealed today. The giant polyhalite mine under the North York [...]