Only a third of UK businesses have completed Brexit risk assessments September 24, 2020 Just over a third of UK companies have completed a Brexit risk assessment this year, as businesses scramble to prepare for the end of the transition period in 98 days. Only 38 per cent of eligible firms have completed Brexit risk assessments this year, compared to 57 per cent of businesses in 2019, according to [...]
City Moves: Who is switching jobs in the Square Mile this week? April 21, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. In this week’s City Moves, we have a host of newly created roles making their way across the Square Mile. From chief data officers to directors of environment social and governance – the [...]
Are we heading into a new commodities ‘supercycle’? February 20, 2021 Since the beginning of the year commodity prices have been surging, leading a number of banks to declare the start of a new “supercycle” for the assets. Bankers at Goldman Sachs were the first off the line, declaring that the Covid-19 had created the right structural conditions for the same kind of multi-year price growth [...]
DEBATE: In light of the Barclays protests, are climate activists right to target financial institutions? March 5, 2020 In light of the Barclays protests, are climate activists right to target financial institutions? Adrienne Buller, economist and research fellow at the Common Wealth think tank, says YES. Last week, a leaked JP Morgan report acknowledged that, in a world of accelerating temperature rise, “we cannot rule out catastrophic outcomes where human life as we [...]
JP Morgan raises probability of no-Brexit to 40 per cent as chance of no deal shrinks to 10 per cent December 5, 2018 There is now a 40 per cent chance of the UK staying in the European Union, according to a research note published by a JP Morgan economist this morning. Citing the European Court of Justice’s top legal advisor, who said yesterday that Britain could unilaterally perform a U-turn on Article 50 if it wanted, JP Morgan economist [...]
Lyft onboards JP Morgan, Credit Suisse and Jefferies to lead its IPO October 17, 2018 US ride-hailing firm Lyft has hired JP Morgan, Credit Suisse and Jefferies as underwriters for its upcoming initial public offering (IPO), slated for an early 2019 debut. A source familiar with the matter told Reuters late last night that the three banks have been brought on board to lead the listing, after Morgan Stanley and Goldman [...]
US hedge fund led by former JP Morgan executive buys stake in Deutsche Bank November 1, 2018 A US hedge fund led by former JP Morgan executive Doug Braunstein has taken a 3.1 per cent stake in Deutsche Bank after shares in the embattled German lender reached an all-time low. Hudson Executive Capital confirmed it had been watching the stock closely for a year and had bought the stake as the bank [...]
Morgan Stanley caps off earnings season with record profit January 16, 2020 Morgan Stanley’s profit jumped almost 50 per cent in the final quarter of 2019, its results showed today, pushing the lender’s yearly earnings to a record high. The last of the Wall Street giants to report its fourth-quarter earnings, Morgan Stanley also achieved record revenue in 2019 as its bond-trading arm prospered. Profit rose 46 [...]
Barclays boss Jes Staley ‘ready to talk to FBI’ about Jeffrey Epstein February 16, 2020 Barclays chief executive Jes Staley is ready to tell US authorities everything he knows about Jeffrey Esptein following revelations that British regulators are probing his links with the paedophile financier. Lawyers for Epstein’s victims have urged the banking boss to speak with the FBI and hand over any information he has on his former client. [...]
In centralised finance we distrust June 27, 2021 Crypto AM columnist Dr Chris Kacher talks about his lack of faith with centralised finance and how BTC can beat the FUD.