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- Finance
Carlyle exec complains of firms’ ‘fatigue’ over ESG: ‘We’ve been running in 1,000 different directions’
Financial services firms have “framework fatigue” as confusion reigns over which reporting standards to use when measuring ESG performance. “One…
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Germany is getting a new chancellor. Here’s how the DAX has performed under outgoing Angela Merkel
German stocks came under pressure on Wednesday, following the strongest day of the year for Europe’s main index and the…
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City investment bank Numis targets more EU and US deals in wake of Brexit
City investment bank Numis is set to launch a post-Brexit office with around 15 staff, as the traditionally UK-focused firm guns…
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Lawmakers call on FCA employees to speak out on ‘toxic’ culture
A group of British lawmakers are calling on Financial Conduct Authority staff to speak up about their experiences at the…
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Saule Omarova, Biden’s nominee for key banking post, withdraws candidacy
Saule Omarova, President Joe Biden’s pick to oversee the nation’s largest banks, withdrew her candidacy Tuesday amid bipartisan opposition to…
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Omicron spoils bankers’ Christmas as UBS, JPMorgan rip up plans
Travel bans, cancelled parties and virtual festive gatherings — City firms are ripping up their Christmas plans in the wake of…
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FCA may face ‘expensive’ crypto court battle with deep-pocketed firms
The City’s watchdog could soon face a costly court challenge over its temporary regulation of cryptoasset activity, as the number of firms…
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Tom Hayes vows to ‘fight’ after convicted Libor rigger denied right to appeal
Convicted Libor rigger Tom Hayes has said he will “fight to clear” his name, after being denied another opportunity to appeal his conviction.…
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Jury in Satoshi Nakamoto case reject claims of partnership to create bitcoin
A Florida jury rejected claims that Craig Wright and David Kleiman formed a partnership to launch bitcoin, ending a high-profile…
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City watchdog to toughen consumer protection rules
Financial services firms must do more to protect consumers, the UK’s Financial Conduct Authority said, as it proposed to strengthen…
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Rep. Devin Nunes to retire from Congress, become CEO of Trump’s media company
Rep. Devin Nunes will retire from Congress to take over as chief executive at Donald Trump’s new social media company.…
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New proposal would improve Social Security’s finances and modestly enhance benefits
Rep. Al Lawson (D-FL) recently proposed a piece of Social Security legislation, which has been scored by SSA’s Office of…
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UBS tells European dealmakers not to travel as Omicron worries mount
UBS is curbing travel for its European dealmakers as the Omicron Covid-19 variant is forcing large City firms to rethink their…
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Hedge funds dealt big losses as biotech stocks slump on moves to curb drug prices
Biotech stocks have fallen to earth with a thud in 2021 after soaring last year amid excitement over the development…
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November’s 210,000 new jobs marks worst headline number of 2021—but there are bright spots
The numbers: The U.S. gained a paltry 210,000 new jobs in November even though businesses took more aggressive hiring steps,…
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WHO has not seen any reports of deaths caused by omicron variant, urges people not to panic as delta still dominant
The World Health Organization said Friday it has not seen any reports of deaths caused by the new variant of…
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Insider buying says a Santa Claus rally is on the way — here are 10 stocks they favor
Hang on to your stock-market exposure and add more if you can. The twin fears spooking investors – the omicron…
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Weekend reads: Santa Claus may come early for stock investors
How can you get an edge on other investors? Watch when corporate insiders use their own money to buy their…
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A new study finds that most COVID-19 boosters strengthen immunity, though there is no winning shot
The first study directly comparing COVID-19 boosters found that most shots improved immune responses in fully vaccinated people, but there…
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The best reason of all to postpone retirement
Everyone knows the financial arguments for why we should wait as long as possible to Social Security benefits: Your benefits…
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Burger King selling 37-cent Whoppers through Saturday
Chew on this: fast-food giant Burger King is lowering the price of its signature Whopper sandwich to roughly the cost…
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‘Successful’ NatWest director dismissed after cancer diagnosis, tribunal hears
NatWest is facing a claim from a former director over unfair dismissal and discrimination relating to a disability that arose…
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Dow squanders Friday’s opening gains as investors parse smallest monthly headline jobs number of 2021
U.S. stock were struggling to hold modest opening gains Friday morning, as investors parsed a weaker-than-expected November jobs report, in…
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American Express close to deal with Apollo-backed Spac
American Express Global Business Travel is close to a merger with a blank-cheque company backed by Apollo Global Management to go…
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The happiest retirees have at least $500,000, this financial adviser said. Here’s what readers had to say about that.
A recent Next Avenue article and “Friends Talk Money” podcast episode shared one of the principles from my new book…
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FCA’s office-return plan fuels staff fears of Omicron and ‘missing Christmas – again’
Employees at the Financial Conduct Authority’s London office fear they will “miss Christmas” as bosses ask them to return to the…
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Biden tightens rules for travellers amid Omicron fears
WASHINGTON — President Biden on 2 December announced plans to tighten up Covid-19 testing timelines for travellers entering the US and…
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Covid’s Omicron resurgence puts City Christmas parties in doubt
The latest Covid-19 variant Omicron is rocking plans City firms had for December events, staff parties, and even some return-to-work…
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Finance firms double speaking fees to lawmakers: ‘It’s a growing and lucrative nice little earner’
Senior UK politicians have more than doubled their earnings for delivering speeches to some of the largest City companies in…
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Congress votes to keep government open through mid-February
The Senate late Thursday passed a measure to head off a government shutdown, averting a partisan standoff over federal vaccine…
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Goldman Sachs takes on banker burnout with new perks
Goldman Sachs is introducing several new employee benefits, part of a bid to attract and keep employees in a pandemic that…
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An audience with Helena Morrissey: ‘100-hour weeks are more like slave labour’
Baroness Helena Morrissey is a busy woman. We have already had to move our phone call forwards because she has…
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KPMG threatened with ban on government contracts in wake of scandals
KPMG has been threatened with a ban on bidding for public contracts by the Cabinet Office. The Cabinet Office sent a…
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U.S. sues to block Nvidia merger with Arm, the largest semiconductor deal in history
The Federal Trade Commission sued to block Nvidia Corp.’s proposed $40 billion acquisition of Arm Ltd. on Thursday. The FTC…
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Crypto themes and stocks not to be missed in 2022
A few major crypto themes are emerging for 2022, including blockchain-based metaverse gaming and “super apps” for trading and lending…
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White House plans at-home COVID-19 testing blitz for winter, and Germany to lock down its unvaccinated
The White House will unveil new measures later Thursday to help the U.S. get through winter while dealing with the…
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Goldman Sachs Asset Management warns it will veto execs who fail to tackle diversity
Goldman Sachs Asset Management is sending a clear warning to firms that it will vote against executives that do not…
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FDA advisers recommend Merck’s COVID-19 pill in close vote
The Food and Drug Administration advisory committee said Tuesday the benefits of Merck & Co.’s experimental antiviral COVID-19 pill outweigh…
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Men outbid women four to one to run Brexit opportunities unit
Nearly five times as many men as women applied to run the government’s new Brexit Opportunities Unit, Financial News can…
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KPMG-audited fund reported to FCA for years-long compliance failure in UK arm
Aquila Capital, a German fund group audited by KPMG, has become the subject of a whistleblower report to the Financial…
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These are Wall Street’s 20 favorite stocks as the Fed’s Powell jolts the market with taper talk
Investors unloaded stocks Tuesday after Federal Reserve Chairman Jerome Powell said it’s possible the central bank will remove stimulus faster…
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Dow futures fall more than 300 points as Moderna CEO predicts existing vaccines will be less effective against omicron variant
U.S. stock futures tumbled anew on Tuesday after Moderna Inc.’s chief executive officer Stéphane Bancel predicted that current vaccines would…
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Jussie Smollett faked hate crime, prosecutor says; defense maintains he’s ‘a real victim’
CHICAGO — Jussie Smollett “is a real victim” of a “real crime,” his attorney said in opening statements at the…
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Brexit clobbers financial exports but an even bigger hit is coming for the City
Back in July 2018, before the UK had even left the EU, leading Brexiteer Jacob Rees-Mogg suggested it could take 50…
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Brexit pressure group forms to push for UK-EU equivalence as EU bankers demand market access
A pressure group of politicians, trade unionists, business people and journalists has launched to push to fix UK-EU issues post-Brexit —…
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Jan. 6 panel sets contempt vote for former Justice Department official
WASHINGTON (AP) — A House committee investigating the Jan. 6 Capitol insurrection will vote Wednesday to hold a former Justice…
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FCA ‘can’t be responsible for everything’, City minister says, as Treasury eyes tougher action on scam investments
The Financial Conduct Authority “can’t be responsible for everything”, a leading Treasury official conceded, as the government opens the door to tougher…
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London looks to regulators to help boost growth to regain financial centre crown post-Brexit
London wants to regain the mantle of the world’s busiest financial centre from New York by overhauling how banks and…
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Gold sector bankers cancel annual dinner over Omicron fears
The London Bullion Market Association has cancelled the sector’s annual dinner due to growing concern over the Omicron variant of Covid-19.…
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‘Vaccine’ chosen as 2021 word of the year by Merriam-Webster
NEW YORK (AP) — With an expanded definition to reflect the times, Merriam-Webster has declared an omnipresent truth as its…
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