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Pressure mounts on Coinbase IPO as crypto exchange prepares to face the hype
Coinbase is set to make history for cryptocurrency companies everywhere this week, as it prepares to list its shares publicly on…
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Finance firms ramp up staff spying to track emotional state: ‘Intrusive as they want to be’
The pandemic has supercharged a growing trend of employee surveillance as finance firms scramble to keep on top of compliance…
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Big banks can maintain revenue boom for years with $400bn transaction banking push
The trading bonanza that has sustained revenues at the world’s biggest lenders during the Covid-19 pandemic could be replaced with…
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HSBC shifts key London executives to Hong Kong in latest Asia push
The co-head of HSBC’s investment bank is set to move from London to Hong Kong, as the UK lender continues…
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JPMorgan rides boom in deals to post 400% gain in profit
JPMorgan’s investment bank surged in the first quarter, kicking off an earnings season where dealmakers are expected to bolster overall…
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Barclays stocks suffer mini flash crash
Shares in Barclays, one of the UK’s most prominent stocks, plunged 10% at the opening bell on 14 April and then…
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Ponzi scheme king Bernie Madoff dies in prison at 82
US fraudster Bernie Madoff who defrauded thousands to the tune of as much as $50bn in a vast Ponzi scheme…
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Symphony CEO Gurlé steps down, Levy takes helm in management shake-up
The chief executive of Symphony, the communications provider for banks set up to rival Bloomberg, is to step down on…
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CDC committee votes to extend the ‘pause’ for J&J’s COVID-19 shot
A Centers for Disease Control and Prevention advisory committee voted to extend the federal “pause” halting immunizations with Johnson &…
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Ponzi schemer Bernie Madoff dies in prison
NEW YORK (AP) — Bernie Madoff, the financier who pleaded guilty to orchestrating the largest Ponzi scheme in history, died…
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Coinbase stock pops after going public, with crypto company valued above $100 billion
Coinbase Global Inc. became the most valuable U.S. exchange Wednesday amid strong demand for the cryptocurrency platform’s newly public stock.…
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Opinion: Stagflationary forces are building, Roubini warns
NEW YORK (Project Syndicate)—There is a growing debate about whether the inflation that will arise over the next few months…
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Treasury committee to launch inquiry into Greensill lobbying scandal
The UK parliament’s Treasury select committee will next week launch an inquiry into the collapse of Greensill Capital, saying it…
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Houlihan Lokey offers free ‘global getaway’ to junior bankers in latest perk
Independent investment bank Houlihan Lokey is offering its analysts an all expenses paid holiday — to an approved list of…
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‘We stand for democracy’: Read the statement from top companies and executives opposing voting restrictions
Hundreds of major U.S. companies and executives signed a statement opposing laws restricting voter rights, released Wednesday as a two-page…
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‘The only benefits are the exit opportunities’: More than 400 junior bankers vent in sweeping new survey
Banks’ attempts to stem an exodus of junior talent amid a surge in mental health problems are not working, with…
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Credit Suisse shareholders should oppose risk chair at AGM, investor group says
One of the largest investor adviser groups wants Credit Suisse’s shareholders to oppose the election of its risk committee chair…
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Houlihan Lokey plots European expansion after poaching dealmaker team
Independent investment bank Houlihan Lokey is setting its sights on European expansion, lifting a second team of sector-specialist dealmakers from…
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First computer-based level one CFA exams record a 44% pass rate
Almost half of the first cohort to sit their level one CFA exams in February 2021 passed, the CFA Institute…
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U.S. COVID vaccine program faces setback with J&J jab, as experts say there is no cause for alarm
The U.S.’s COVID-19 vaccine program was facing a setback Tuesday, with the nation’s two leading health agencies recommending a pause…
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Do taxes from Biden’s infrastructure plan mean I should convert my IRA to a Roth IRA?
Some Americans may be preparing to convert their retirement assets into Roth accounts in response to President Biden’s future tax…
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Michigan-based companies, including GM and Ford, object to GOP voting restrictions
LANSING, Mich. (AP) — The leaders of three-dozen major Michigan-based companies, including General Motors GM, -2.50% and Ford F, -1.86%,…
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Johnson & Johnson to temporarily halt rollout of Covid vaccines in Europe
The rollout of the coronavirus vaccine developed by Johnson & Johnson in Europe has been delayed, following a move in…
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Andy Haldane to leave Bank of England to become CEO of Royal Society for Arts
The chief economist of the Bank of England Andy Haldane is leaving the central bank to become chief executive of…
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Credit Suisse plans $1.7bn payment to investors in Greensill-hit funds
The asset management arm of Credit Suisse will shell out $1.7bn in its next round of payments to investors caught…
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Terry Smith pockets £30m after profits soar at Fundsmith
Terry Smith, one of the UK’s most popular stock pickers, pocketed £29.7m last year following a surge in profit and…
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Annelise Dodds urges probe into what the chancellor did after phone texts with David Cameron
The inquiry into how former Prime Minister David Cameron lobbied the government over Greensill Capital must reveal what Chancellor Rishi Sunak…
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Goldman Sachs expands beyond London with plans to add hundreds of staff in Birmingham
Goldman Sachs is set to shift employees out of the City to Birmingham and hire hundreds of new staff, as…
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Credit Suisse to cut millions from bonus pool after $4.7bn Archegos hit
Credit Suisse is set to cut millions from its bonus pool in the first quarter after the Swiss bank lost…
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Sunak’s Greensill texts to Cameron revealed: ‘I have pushed the team to explore an alternative’
The UK’s Treasury department have published text messages sent from the UK’s Chancellor of the Exchequer Rishi Sunak to David…
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David Cameron apologises as he breaks silence on Greensill collapse
Former Prime Minister David Cameron has said he feels “desperately sorry” for those affected by the collapse of supply chain…
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U.S. budget deficit soars to $660 billion in March after stimulus checks are sent out
The numbers: The U.S. budget deficit skyrocketed in March after the government approved a $1.9 trillion coronavirus-relief package that included…
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These stocks are cheap when you factor in how much their sales are expected to rise
With broad stock indexes near record highs, investors are worried about pullbacks — and also about overpaying for new purchases.…
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Opinion: Should you buy Coinbase? The valuation is ridiculous, based on this math
Even though Coinbase’s revenue surged over the past 12 months, the company has little to no chance of meeting the…
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Stocks edge back to kick off earnings week as Powell says U.S. economy at ‘inflection point’
U.S. stocks traded modestly lower Monday at the start of a week that will see the unofficial start of first-quarter…
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Columbia Threadneedle parent strikes £615m deal for BMO’s European business
Ameriprise Financial, the parent company Columbia Threadneedle, has acquired the European asset management business of BMO Financial Group for £615m —…
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Former Invesco fund manager Mark Barnett joins UK boutique Tellworth
Mark Barnett, the former Invesco fund manager and protégé of renowned British stock picker Neil Woodford, has joined specialist UK…
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Paris-based Ardian plans $8.9bn for buyouts
Ardian, one of Europe’s biggest private-equity firms, has wrapped up fundraising for its largest-ever buyout vehicle and plans to invest…
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KPMG UK partners vote in Jon Holt as new chief executive
KPMG UK partners have approved Jon Holt as the firm’s new chief executive following the exit of Bill Michael after…
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Investors take aim at construction firms over modern slavery
A cohort of investors led by CCLA, the UK investment manager which oversees more than £12bn on behalf of charities…
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Rees-Mogg’s Somerset Capital says it’s adding two partners as it shuns ‘numerous offers’
Somerset Capital Management, the asset management firm co-founded by Jacob Rees-Mogg in 2007, has added two partners to its senior…
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ESG cheerleaders have questions to answer as stocks fall behind
Judging the effect of sustainability based on near-term investment returns is wrong, declared BlackRock’s most recent market commentary. Other fund…
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Deutsche Bank bolsters European Spac roster ahead of expected boom
Deutsche Bank is bolstering its Spac expertise in Europe, as large investment banks in the City look to capitalise on the…
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Atom Bank mulls listing via Spac ahead of IPO plans
Atom Bank has held discussions with financial advisers about whether it might go public via a Spac, as the UK…
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Alibaba shares jump in Hong Kong after record antitrust fine by China
Shares of Alibaba Group Holdings Ltd. surged more than 5% Monday in Hong Kong trading, after the e-commerce giant was…
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Biden administration surging tests and vaccinators to Michigan, where COVID transmission rate is nation’s worst
WASHINGTON (AP) — Washington is surging federal resources to support vaccinations, testing and therapeutics, but not vaccines, to Michigan in…
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Global COVID-19 case tally above 134 million as more countries impose restrictions on AstraZeneca vaccine
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 134 million on Friday and the death…
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Weekend reads: A warning for a record-high stock market
The S&P 500 index SPX, +0.32% keeps hitting record highs. That itself might not be alarming — a strong stock…
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Biden’s $1.5 trillion budget outline calls for new health agency and 16% rise in non-defense, discretionary spending
The Biden White House on Friday took the wraps off its fiscal 2022 discretionary spending proposal, with the $1.5 trillion…
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Trading Places: Meissner rises at Credit Suisse, Deutsche’s Spac hiring spree, Houlihan Lokey poaches five
The head of Credit Suisse’s investment bank, Brian Chin, and its chief risk officer, Lara Warner, are stepping down as…
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