marketwatch
- Finance
Numis hires trio from Barclays, Nomura and Fevertree for private deals team
City investment bank Numis has hired another three bankers for its team of dealmakers targeting high-growth companies raising funds away…
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JPMorgan’s Charlie Jacobs on how Brexit will keep fuelling a ‘stronger than ever’ UK deal boom
Charlie Jacobs spent 31 years at Linklaters and has been co-heading JPMorgan’s UK investment bank for just three months, but…
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As Broadway Struggles, Governor Proposes Expanded Tax Credit
As Broadway continues to reel from the economic effects of the coronavirus pandemic, Gov. Kathy Hochul is proposing to expand…
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Amundi’s €420bn ETF bet is a sign 2022 will be another brutal year for stock-pickers
A three-year plan by Amundi to bolster its passive assets by 50% is a sign that passives are the place to be…
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Steps the Commerce Department should take to achieve the infrastructure bill’s broadband goals
The recently signed Infrastructure Investment and Jobs Act (IIJA) makes the largest federal investment into universal broadband access in history. In…
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Crypto sell-off extended as Fed casts a shadow over digital assets
The Federal Reserve is casting a shadow over cryptocurrencies. Like stocks, cryptocurrencies have extended a selloff to start the year…
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FCA clamps down on marketing of crypto, high-risk financial products
The City watchdog is clamping down on the marketing of high-risk financial products, including cryptocurrencies. Under its suggestions in a…
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Why a new law mandates reporting transactions of more than $10,000
Abraham Sutherland is a fellow at Coin Center and an adjunct professor at the University of Virginia School of Law…
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Is climate finance going to be the next bubble?
Arvind Subramanian, a senior fellow at Brown University, is a distinguished non-resident fellow at the Center for Global Development In…
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Crypto.com user accounts hit with suspicious activity
The online platform crypto.com suspended customer withdrawals for about 14 hours on Monday, after reports of unauthorised activity in the…
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US justice officials warn Deutsche Bank over criminal settlement involving asset management arm
The Justice Department has informed Deutsche Bank that the German lender may have violated a criminal settlement when it failed…
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Norton Rose Fulbright appoints Farmida Bi as global chair
Norton Rose Fulbright has announced London capital markets partner Farmida Bi will be its next global chair. Bi has been…
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Why inflation is here to stay: ‘Transitory does not mean one, two or even 12 months’
“Transitory” is a word that has rarely left the inflation conversation over the past six months. In the US, however,…
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SEC’s Gary Gensler puts Spacs in regulatory crosshairs
The Securities and Exchange Commission chairman Gary Gensler took aim on 9 December at blank-cheque companies known as special-purpose acquisition…
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Mayor Sadiq Khan on how the City can keep its finance crown: ‘High-quality talent is still choosing London’
The Mayor of London has backed the City to bounce back from Brexit and the pandemic to hold its spot…
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Ex-KPMG partner accused of lying about his role in Carillion audit forgeries
Ex-KPMG partner Peter Meehan was accused of lying to a tribunal examining the alleged forgery of documents by the firm’s…
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Credit Suisse hires new wealth management chief, shakes up board leadership
Credit Suisse has hired a new chief executive of its wealth management division in a flurry of new board appointments…
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Private equity firm backed by some of America’s wealthiest families under investigation
The Securities and Exchange Commission is investigating a private equity firm backed by several ultra-rich US families after receiving complaints…
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Citi names 306 MDs in first promotion round under boss Jane Fraser
Citigroup just named 306 new managing directors — one of the highest ranks in the City — in the first round…
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Horta-Osório’s exit throws Credit Suisse’s grand transformation into disarray
Credit Suisse has been dealt a fresh blow, as the high-profile banker drafted in to steady the ship and turn…
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Tech stocks could slump for a decade as Rob Arnott warns valuations are ‘very extended’
It has only been a few weeks, but 2022 is already proving brutal for technology stocks. And Rob Arnott, founder…
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Are private equity firms facing a succession crisis?
Everybody is talking about succession. No, not the hit US TV drama, but the thorny issue of leadership in the…
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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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FCA aims to bolster graduate scheme amid staff departure fears over pay revamp
The Financial Conduct Authority says it expects to “significantly increase” its graduate intake in the coming year, despite an overhaul to…
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Venture capitalists are unmoved as regulators try to tame wild unicorns
The wranglers at the Securities and Exchange Commission are trying to tame wild unicorns, but they are both fantastic and…
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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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JPMorgan orders unvaccinated staff in New York to work from home
JPMorgan told unvaccinated employees in New York that they must work from home starting on 14 December. The bank had…
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SEC pushes for tighter rules on insider trading with 120-day delay before execs can sell stock
WASHINGTON — Wall Street’s regulator is putting forward tighter rules on how and when corporate insiders can sell their companies’…
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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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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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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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Top Credit Suisse investor backs board to ‘revitalise’ bank after Horta-Osório exit
A major Credit Suisse shareholder said he hopes the Swiss bank will be “revitalised” following another shake-up of its board…
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‘Bloated’ asset managers face ‘year of reckoning’ amid desperate acquisition spree
Asset managers are suffering from “bloat” due to booming pandemic markets, and face a year of “reckoning” as economic stimulus…
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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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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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HSBC hands Guyett sole charge of investment bank as Elhedery takes six-month sabbatical
Greg Guyett will take sole charge of HSBC’s investment bank for six months as his co-head Georges Elhedery steps back for…
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Why Tesla’s Elon Musk asked a partner at a law firm to fire an associate hired from the SEC
A partner at law firm Cooley got an unexpected call late last year from a lawyer for one of the firm’s…
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Standard Chartered fined £45m for ‘failing to be open and cooperative’ with the banking watchdog
The Prudential Regulation Authority slapped Standard Chartered with a £45.55m fine for regulatory reporting issues and for “failing to be…
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Nike taps NFTs to boost merchandise sales in virtual markets
Thomas Arias is the proud owner of more than 100 pairs of new and vintage Nike sneakers. Now he is thinking…
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Goldman cuts US growth forecast after Manchin rejects Biden’s $2tn spending plan
Goldman Sachs has cut its US growth forecast again, citing Democratic Senator Joe Manchin’s assertion that he won’t back President…
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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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US lawmakers pushing for light-touch crypto rules also own digital assets
Senators Pat Toomey and Cynthia Lummis sit on the powerful Senate Banking Committee and have been advocates for a light…
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Fund managers get another reprieve on 10% drop reporting rules
Fund managers have been given another reprieve by the regulator, as rules requiring them to tell clients when their portfolios…
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EU firms shun UK’s post-Brexit permissions in ‘ominous’ sign
Ahead of the UK’s departure from the European Union, Britain’s regulator set up a temporary permissions regime so that firms could still…
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Chinese stocks cut $600 billion from US markets this year, and are just getting started
Chinese stocks that trade in the US have always been a double-edged sword for investors, but Americans now face a…
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Crypto, Brexit and ‘expensive mistakes’: The most-read stories of 2021
This may have been the second year of the worst global pandemic in memory, but as far as news goes,…
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Elon Musk converts last batch of Tesla stock options behind recent share deals
Elon Musk has exercised the final batch of a package of vested Tesla stock options that have underpinned several weeks of share dealings…
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London Stock Exchange posts best IPO haul since 2007 amid Brexit pressure
The London Stock Exchange has raised its most IPO funding since 2007, but is facing pressure to hold onto its position…
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Fundsmith profits surge 19% despite performance concerns
Profits at star manager Terry Smith’s fund house continued to surge despite rumblings among investors that performance had begun to…
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Credit Suisse’s year to forget: Archegos, Greensill, and the boss skipping quarantine
Reports that Credit Suisse chair Sir António Horta-Osório broke Covid-19 rules for a second time when he attended the Wimbledon…
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