Bloomberg
- ECONOMY
Top 2021 Stock Picker Wins With Semiconductors
(Bloomberg Opinion) — The best stock picker of 2021 scored a rare trifecta of money management. He outperformed not only…
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Barclays hires HSBC’s Aamir Khan to bolster M&A after departures
Barclays has continued its European hiring spree with the appointment of a senior dealmaker covering UK takeovers. The bank has…
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Banks can’t wait for perfection on ESG standards
Tracey McDermott is group head of conduct, financial crime and compliance at Standard Chartered, chair of the Net-Zero Banking Alliance, and former…
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In Quest for Energy Independence, Mexico Is Buying a Texas Oil Refinery
DEER PARK, Texas — Two giant murals, on storage tanks at an oil refinery here, depict the rebels led by…
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Hector Sants: The FCA must simplify, not confuse, with its new consumer duty
Sir Hector Sants was chief executive of the Financial Services Authority and head of compliance at Barclays. He is currently chair…
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Winning Innovations From the Global Mayors Challenge
The 15 winners were picked out of 631 applicant cities for their work creating ambitious urban innovations in the wake…
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Zopa co-founders speak out against fintech’s peer-to-peer exit
The original founders of peer-to-peer lending pioneer Zopa spoke out against the firm’s decision to exit the industry, arguing that the…
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Gibson Dunn swoops on Sidley Austin for London private equity trio
Gibson Dunn & Crutcher has hit up rival US law firm Sidley Austin for a three-partner private equity team in…
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Bank mergers risk delays as Biden administration shows its hand
Democratic members of the Federal Deposit Insurance Corporation are pushing to review regulations around big-bank mergers, showing the Biden administration’s wider…
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Olympic Ticket Sales Halted; Hong Kong Arrests: Virus Update
(Bloomberg) — China halted ticket sales to the general public for the 2022 Winter Olympics and instead will invite groups…
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Why private equity is piling into the $176bn video game market
Millions of parents across the globe will be hoping to put a smile on their children’s face this Christmas by…
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Bitcoin firm NYDIG raises $1bn in blockbuster funding round
New York-based bitcoin firm NYDIG said on 14 December that it had raised $1bn at a valuation of more than $7bn,…
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World’s Biggest Chicken Exporter Taps Banks for $1.4 Billion Share Sale
(Bloomberg) — BRF SA, the world’s biggest chicken exporter, has picked a syndicate of 11 banks to handle a share…
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Investors warn of diluted protection clauses amid growth of PE funds
Limited partners in private-equity funds typically demand strong provisions in commitment agreements to ensure key fund professionals devote substantial or…
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China Property Bond Losses Pass $82 Billion: Evergrande Update
(Bloomberg) — China’s debt-saddled property developers have seen their offshore bonds lose $82 billion in value, and more losses and…
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What Will it Take to Vaccinate the World?
(Bloomberg Opinion) — This is one of a series of interviews by Bloomberg Opinion columnists on how to solve the…
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JPMorgan hands investment bank boss Daniel Pinto a $25m retention package
JPMorgan has handed Daniel Pinto, the chief executive of its corporate and investment bank, stock awards worth around $25m in…
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Anchorage Capital returns $7.4bn to clients as it shutters flagship hedge fund
Anchorage Capital Group, one of the biggest hedge-fund investors in distressed debt, is closing its flagship fund after 18 years…
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KPMG disciplinary date set over misconduct complaint involving Carillion, Regenersis audits
A disciplinary hearing has been set for KPMG and some of its former and current staff over allegations they provided…
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Top execs at PGIM, Citi, JPMorgan and more on how inflation will shape markets in 2022
The Federal Reserve has paved the way for multiple rate hikes. The Bank of England has upped its benchmark to 0.25%…
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JPMorgan rehires Marc Hussey to lead Irish operations as 30-year veteran Carin Bryans retires
JPMorgan has rehired a senior banker to lead its business in Ireland as its current chief prepares to step down…
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HSBC hires Nomura’s Chris Fincken for ongoing UK dealmaker expansion
HSBC has hired another senior dealmaker to bolster its investment bank in the City, part of an ongoing expansion of…
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Crypto traders don’t pay much attention to Wall Street advice — maybe they should
Bitcoin proponents talk about the cryptocurrency hitting $1m or even its total value reaching $300tn. The most enthusiastic “apes” claim to…
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Canada’s pandemic rebound has peaked and is losing momentum, says OECD
Breadcrumb Trail Links News FP Economy Indictors, meanwhile, signal stable growth for U.S., eurozone and Japan Publishing date: Jan 17,…
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Citi, Oliver Wyman and more top execs on the ‘black swans’ of 2022
It has been a wild year. Few could have predicted the impact Covid-19 would have — and is continuing to have.…
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Inside the FCA’s wild year: ‘I have never worked in such an unhappy place’
The Financial Conduct Authority has had a rough year. Talk of a morale crisis, an outcry over proposed changes to pay, and staff…
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PBOC Seen Cutting Rates Further, Lowering RRR to Aid Economy
(Bloomberg) — China’s cut of two key policy interest rates opens the door to more monetary easing actions ahead, even…
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Banks halt Brexit relocations as European hiring seen ‘rapidly’ ramping up next year
Investment banks have scaled back their planned Brexit-related staff moves over the course of 2021, but senior dealmakers have warned…
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BNP Paribas agrees to $16.3bn sale of Bank of the West to BMO Financial Group
BNP Paribas said on 20 December that it has agreed to sell Bank of the West to Bank of Montreal’s BMO Financial…
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JPMorgan’s investment bank pay swells to record $13bn as dealmaking surges
Pay within JPMorgan’s corporate and investment bank swelled to new highs as dealmakers hauled in record fees in 2021. The US…
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Bank of America names new European fixed-income leaders
Bank of America has named new co-heads of its fixed income division in Europe, and promoted a key executive to oversee…
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The rich could face higher taxes, more regulation: DWS CIO Stefan Kreuzkamp’s prediction for 2022
Stefan Kreuzkamp is chief investment officer at DWS Being cautious about 2022 doesn’t necessarily imply waiting for a ‘black swan’.…
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China’s Got Problems, But Inflation Ain’t One
China appears determined to quash — rather than live with — Covid-19. An overly muscular economic response, too, may do as much harm…
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How bitcoin’s ‘one percent’ control the lion’s share of the cryptocurrency
It’s good to be the bitcoin 1%. The top bitcoin holders control a greater share of the cryptocurrency than the…
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Lincoln International’s new CEO on how he almost tripled M&A fees: ‘This year wasn’t just an anomaly’
Rob Brown has been at the helm of mid-market investment bank Lincoln International for two months, the first new chief…
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Top FCA staff body in last-minute charge to keep workers’ bonuses
The main staff group at the City’s regulator has asked the watchdog to halt plans to scrap bonuses and to stop an “internally divisive”…
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Can Wall Street’s hot streak continue in 2022?
Wall Street has enjoyed a second straight year of feverish revenue growth. As 2022 approaches, however, big banks face a…
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‘Tough’ Weeks Ahead in U.S.; Tokyo Weighs Curbs: Virus Update
U.S. Surgeon General Vivek Murthy defended the Biden administration’s response to the omicron surge, conceding though that health officials need…
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U.S. Faces ‘Tough’ Weeks Ahead; Djokovic Departs: Virus Update
U.S. Surgeon General Vivek Murthy defended the Biden administration’s response to the omicron surge, conceding though that health officials need…
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SoftBank in talks with Apollo Global over $4bn loan
SoftBank Group is finalising a $4bn loan from Apollo Global Management backed by SoftBank’s stable of technology-startup stakes, as the Japanese conglomerate seeks to…
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PE boss’s win in Virginia stokes political dreams on Wall Street
The head of the world’s largest hedge fund is eyeing one of Pennsylvania’s Senate seats. Private-equity executives are weighing congressional…
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FCA execs defend tough year in leaked Christmas messages
The Financial Conduct Authority’s top brass have defended the watchdog at the end of a tough year for the regulator.…
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HSBC looks to India for $425m mutual funds play
HSBC has agreed to buy the Indian mutual funds business of L&T Finance for $425m as part of efforts to…
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Financial News’ Quiz Of The Year 2021
1. In January, an army of retail traders helped drive the share price of retailer GameStop up more than 100%…
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One Simple Way to Reduce Gun Violence Among Children
(Bloomberg Opinion) — Unlike the rise and fall and rise of violent crime, which follows a logic that researchers can…
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Woodford’s dividends dry up as former fund house posts annual loss
Having taken millions in dividends from his eponymous fund empire before its collapse, former star stock picker Neil Woodford has…
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Young grads can make $100k or more in banking — here’s who pays the most
While gruelling hours have long been a staple at most investment banking jobs, the added pressures of increased workloads, lack of mentorship opportunities…
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IPOs to remain hot in Europe after $78bn year: ‘The pipeline is full’
Initial public offerings in Europe made a dramatic comeback in 2021, marking the best year since before the 2008-09 financial…
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New Year Honours 2022: KPMG, Deloitte execs make the list
Senior leaders at KPMG and Deloitte are among the City figures recognised by the government in the New Year Honours…
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One of the World’s Wealthiest Oil Exporters Is Becoming Unlivable
Trying to catch a bus at the Maliya station in Kuwait City can be unbearable in the summer. About two-thirds…
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