politics
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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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BlackRock’s Larry Fink says profit drives his climate concern
Larry Fink’s efforts to get companies to adopt climate-friendly policies have led some to call him an activist. The BlackRock chairman and chief…
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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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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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Bank of England set for more powers over clearing and settlement
The Bank of England is set to get more powers to regulate clearing and settlement houses under plans announced by the…
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Forcing regulators to promote growth could threaten financial stability, MPs told
Experts warned MPs that asking regulators to promote growth and international competitiveness as well as financial stability opens the door…
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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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Former City minister Paul Myners dies aged 73
Lord Paul Myners of Truro, the former City minister who was brought in by Gordon Brown’s Labour government to tackle…
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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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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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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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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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Why bank stocks are at the mercy of the Fed next year
Next year, a Democratic appointee is set to once again be leading bank supervision at the Federal Reserve. Times are…
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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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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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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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Biden lines up Raskin for top Fed banking regulator role
President Biden is considering Sarah Bloom Raskin for a top role at the Federal Reserve as part of a slate…
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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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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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Hedge fund titan Paul Marshall warns ‘financially illiterate’ Brits may spell London’s decline
The London Stock Exchange’s recent lacklustre performance could be a sign London is becoming a financial backwater, City hedge fund…
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Keep working from home to stop Covid, UK government says
UK Prime Minister Boris Johnson will recommend workers continue to stay at home in a bid to contain the latest…
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Mazars fined £314,000 for poor audit of local government group
Challenger audit firm Mazars was fined £314,000 by the Financial Reporting Council for its audit of a local government authority’s 2019…
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Cramer says it’s impossible to recommend Chinese stocks in a hostile communist regime
CNBC’s Jim Cramer said Wednesday he can’t recommend investors buy Chinese stocks because the communist government there is a “total…
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Supreme Court blow to Biden vaccine mandate means more suffering, deaths and overfilled hospitals, expert says, as U.S. sets fresh COVID record
The number of Americans in the hospital with COVID-19 hit a new record of almost 150,000 on Thursday, as experts…
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Biden signs debt ceiling increase, preventing first-ever U.S. default
U.S. President Joe Biden speaks prior to signing an executive order intended to reduce bureaucracy around government services for the…
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Goldman cuts GDP forecast after Sen. Manchin says he won’t support Biden’s ‘Build Back Better’ plan
U.S. Senator Joe Manchin (D-WV) delivers remarks to reporters at the U.S. Capitol in Washington, D.C., November 1, 2021. Jonathan…
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Federal testing website to launch next week, supplies limited to 4 tests per home
WASHINGTON (AP) — The federal website where Americans can request free COVID-19 tests will begin accepting orders on Wednesday as…
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‘Britcoin’ could cause bank run, Lords committee warns
A bank run and a potential attack from hackers are just some of the “significant risks” of introducing a central bank…
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FDIC chair intends to resign in February, giving Biden more say over bank regulation
Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), during a Senate Banking, Housing, and Urban Affairs Committee hearing…
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City investor Gina Miller vows to fix ‘broken country’ with new political party
Gina Miller, the prominent City investor and anti-Brexit campaigner, has officially launched her new political party, claiming Britain is being…
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Fed Chair Powell says rate hikes, tighter policy will be needed to control inflation
U.S. Federal Reserve Board Chairman Jerome Powell speaks during his re-nominations hearing of the Senate Banking, Housing and Urban Affairs…
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What the Supreme Court’s block on Biden’s plans for mandatory jabs means for employers
Several corporate leaders said they would scrap plans to impose vaccine requirements for their workers after the Supreme Court blocked the…
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House select committee investigating Capitol riot subpoenas Google, Facebook, Twitter, Reddit
The House select committee investigating the deadly Jan. 6 Capitol riot has subpoenaed the parent companies of Google and Facebook…
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Q&A with Ezechi Britton, MBE: Freedom to fail is critical to social mobility
Ezechi Britton, the City fintech guru of London-based venture capital firm Impax X Capital Partners, had no idea an MBE…
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Biden to rally support for infrastructure, social-spending plan in Michigan
President Joe Biden on Tuesday is traveling to a swing district in Michigan to promote his economic agenda, as Democrats…
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Yellen says U.S. will sink into recession if Congress does not act on debt limit
Treasury Secretary Janet Yellen said Tuesday that the U.S. would fall into another recession if Congress doesn’t address the debt…
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U.S. faces a recession if Congress doesn’t address the debt limit within 2 weeks, Yellen says
Treasury Secretary Janet Yellen on Tuesday said she believes the economy would fall into a recession if Congress fails to…
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Facebook’s whistleblower says her goal is to save the company
The former Facebook employee who gathered documents that formed the foundation of The Wall Street Journal’s Facebook Files series said…
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Sunak ‘proud to back Brexit’ as spectre of tax rises looms
Chancellor Rishi Sunak said he was “proud” to back Brexit, and has laid the path for potential future tax rises to…
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Five candidates in battle to lead UK’s Brexit opportunities unit
Five people are competing to lead the UK government’s new Brexit opportunities unit, Financial News has learned. A total of…
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‘Get a grip’ on Brexit fallout in fuel crisis, City execs tell government
City executives blame Brexit and “government mishandling” for the UK’s ongoing fuel crisis — a sign that a business backlash…
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The Facebook Whistleblower, Frances Haugen, Says She Wants to Fix the Company, Not Harm It
Frances Haugen, a former product manager hired to help protect against election interference on Facebook, said she had grown frustrated…
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Facebook whistleblower says her goal is not to damage the company
The former Facebook Inc. employee who gathered documents that formed the foundation of the Wall Street Journal’s Facebook Files series said she acted to help…
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Democrats Still Negotiating $3.5 Trillion Reconciliation Bill
Here’s what you need to know to navigate the markets today. • U.S. stocks are set to open Monday slightly…
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Yellen lends support for effort to remove the debt ceiling altogether
Janet Yellen, U.S. Treasury secretary, speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Thursday, Sept.…
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Peter Dykstra: Keeping score on the environment
This has been a banner year for made-up science: from horse-medicine COVID cure-alls to the reliable potions and hexes of…
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California becomes first state to mandate vaccination for elementary- and high-school students
SAN FRANCISCO (AP) — California Gov. Gavin Newsom on Friday announced the nation’s first coronavirus vaccination mandate for schoolchildren, a…
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Biden eyes bank-style regulation for stablecoin companies
The Biden administration is considering ways to impose bank-like regulation on the cryptocurrency companies that issue stablecoins, according to people…
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