Britain Financial News

16.06 / 11:31

Paul Hastings scoops London private equity partner from US rival Morgan Lewis

Paul Hastings hired private equity partner Tom Cartwright from rival US firm Morgan Lewis & Bockius in London as law firm continue to hunt for top private equity talent.

16.06 / 10:33

Technology London UK PM Boris Johnson suffers blow as second ethics adviser resigns

British Prime Minister Boris Johnson suffered a further blow to his authority on Wednesday when his second ethics adviser in less than two years quit his post.

16.06 / 10:01

Technology London Ukraine war: France's Macron, Germany's Scholz and Italy's Draghi to visit Zelenskyy in Kyiv

The European Union's political heavyweights were en route for Kyiv on Thursday morning in a bid to underscore Europe's support for Ukraine.

16.06 / 09:17

Law BitMEX Court Jail BitMEX co-founder Benjamin Delo avoids jail, receives 30 months probation

Benjamin Delo the co-founder of cryptocurrency exchange BitMEX has been sentenced to 30 months probation for violating the Bank Secrecy Act (BSA), which is an anti-money laundering law.

16.06 / 09:07

Amazon London Brazil police find two bodies in search for missing Amazon pair

Brazilian police have found two bodies in their search for the missing British journalist Dom Phillips and Brazilian expert Bruno Pereira in the Amazon.

16.06 / 03:05

Citi MPs financial stability Financial MPs warn UK’s post-Brexit overhaul to regulation could hit financial stability

MPs have warned of the potential risks to financial stability if the government presses ahead with a planned overhaul to post-Brexit regulation.

15.06 / 23:43

Technology London Reserve US Federal Reserve attacks inflation with largest interest rate hike since 1994

The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession.

15.06 / 22:45

UPS Booking Boutique Ex-Goldman Sachs dealmakers’ boutique pays London staff $10.2m after bumper year

A boutique investment bank started by a group of former Goldman Sachs bankers more than doubled profit in the UK last year and has ramped up pay to more than $10m.

15.06 / 17:51

Technology WHO London outbreak Europe at 'epicentre' of monkeypox outbreak, WHO says

Europe remains at the "epicentre" of a global monkeypox outbreak, the World Health Organization's European regional office said on Wednesday.

15.06 / 17:19

Art London Deal EU refuses to rule out suspending Brexit trade deal

The European Commission won't rule out suspending the EU-UK trade deal if the UK approves a draft bill that unilaterally overrides parts of the Brexit agreement.

15.06 / 14:59

Technology Art London rights What is the European Court of Human Rights?

Yesterday the European Court of Human Rights (ECtHR) halted Boris Johnson's plan to deport asylum-seekers to Rwanda with a dramatic last-minute ruling.

15.06 / 14:53

JPMorgan Credit Suisse bolsters UK investment bank with JPMorgan and BNP Paribas hires

Credit Suisse has hired a pair of senior dealmakers for its UK investment banking team as it looks to rebuild its ranks after a spate of departures.

15.06 / 13:27

UPS HSBC veteran HSBC promotes veteran dealmaker James Horsburgh to lead private capital unit

HSBC has named a senior dealmaker to lead its coverage of private capital as large investment banks look to drum up more business from increasingly active large investors.

15.06 / 12:33

European Union EU relaunches legal action against UK over unilateral Brexit changes

The European Union announced on Wednesday that it will relaunch legal action against the UK over a draft law London unveiled that would override parts of the Brexit treaty.

15.06 / 12:15

Target Bears Ex-Third Point trader’s £4m short against Jupiter’s Chrysalis signals bears are coming for unicorns

Hedge fund Coltrane Asset Management unveiled a short position in UK investment trust Chrysalis Investments — a bet that is the latest sign short-sellers are targeting companies that invest in early-stage tech companies.

15.06 / 09:03

European Union Human Rights Refugees Zelenskyy urges Ukrainians to 'hold on' in 'vital' Donbas region

Volodymyr Zelenskyy has urged his compatriots to 'hold on' in the Donbas region, saying what happens there will determine the war against Moscow.

15.06 / 03:59

cryptocurrency regulation Exchange Terra regulatory New South Korean Regulatory Chief Promises More ‘Fairness’ for Crypto Investors

The South Korean government and financial regulators appear keen to ensure that May’s Terra ecosystem crash – an event they have dubbed the “terra/LUNA incident” – will become a watershed moment for the crypto sector, with a slew of new regulations incoming. The new head of a leading regulatory body led those vowing to implement changes, calling for the creation of a system that provides investors with more “fairness.”

15.06 / 03:15

Target Bears Ex-Third Point trader’s £4m short against Jupiter’s Chrysalis signals bears are coming for VCs

15.06 / 02:21

European Union UK's Rwanda asylum flight cancelled after European Court order

Britain canceled a flight that was scheduled to deport asylum seekers to Rwanda late on Tuesday evening after the European Court of Human Rights intervened, saying the plan carried “a real risk of irreversible harm."

14.06 / 19:45

UPS Booking Boutique Ex-Goldman Sachs dealmakers’ boutique pays London staff $10.2m after bumper year

A boutique investment bank started by a group of former Goldman Sachs bankers more than doubled profit in the UK last year and has ramped up pay to more than $10m.

14.06 / 19:13

European Union London Nicola Sturgeon launches new independence referendum campaign for Scotland

Scotland's First Minister Nicola Sturgeon has unveiled her new plan to hold a referendum on independence, comparing Scotland with other European countries and laying out her case that Scotland would be fairer, wealthier and happier apart from the UK.

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