City London Financial News

12.07 / 21:05

markets UPS Strategy Trade reports "Bun fight" over top staff at defunct Hong Kong hedge fund as juniors are left behind

Hedge fund Segantii Capital Management is winding down. Bloomberg reported last month that it's already returned a third of its assets under management to investors and that it plans to return the rest by October. Staff are being let go. Some are already turning up elsewhere.

12.07 / 19:53

markets Target Boeing BoE chief economist Huw Pill dents hopes for a rate cut due to 'persistent' inflation

Pill highlighted the stickiness of services inflation and continued wage growth as the key drivers of these inflationary winds. In a speech at Asia House in London on Wednesday (10 July), the chief economist admitted that the UK central bank had made «substantial progress» in its attempts to reduce inflation. Following inflation reaching the BoE's official target of 2% in May, Pill added an interest rate cut is still a question of «when rather than if» for the Monetary Policy Committee. BoE's Jonathan Haskel argues for rates hold amid 'tight and impaired' labour market However, ...

12.07 / 19:42

UPS Citi Deloitte Trade students reports Morning Coffee: HSBC sent rejected candidates an unfortunate email. Citi compliance officer says she was fired for whistleblowing

If you aspire to work for HSBC and have spent hours wooing and being wooed by the bank at recruitment events, been through its recruitment process, and attended some induction events, only to be unexpectedly rejected, you will not be happy. You will be even less happy if HSBC accidentally sends you an email saying it's a shame that you voluntarily withdrew your application.

12.07 / 18:31

markets Blockchain Target Digital goldman sachs tokenization reports Goldman Sachs to Introduce Three Tokenization Initiatives in 2024

Goldman Sachs is set to launch tokenization projects by the end of 2024, targeting money market funds and real estate, according to a July 10 report.

12.07 / 18:22

UPS Provident Art BlackRock show reports travelers Morning Coffee: The art of making money from private equity does not involve working in it. Reasons to work for Millennium

As US private equity firms battle to hire junior bankers before junior bankers have even begun their jobs and as junior bankers complain that the big private equity firms aren't even reimbursing their expenses for travelling miles to interviews, maybe there's another way. Maybe you don't even have to actually work in private equity at all.

12.07 / 18:21

UPS Telegram JPMorgan WhatsApp wellness Morgan Stanley Paris MD moves to PJT as boutiques staff-up

It's not just bankers in London and New York who are taking the opportunity to move to boutiques. Paris-based bankers are doing it too.

12.07 / 17:08

markets Gap economy wellness Trade President performer Steeper bond curve expected, CPI to further help bonds

The bond trade that some of Wall Street’s biggest banks say will dominate the rest of 2024 is gaining steam before a crucial inflation reading that will help seal the wager’s fate.

01.07 / 07:07

Williams Election politician Scandals Sporting Flurry of flutters sparks scandal in British election

LONDON—British Prime Minister Rishi Sunak stood outside 10 Downing Street on May 22 and called a surprise general election to be held on July 4. Just days earlier, one of his aides, fellow lawmaker Craig Williams, placed a £100 bet that an election would take place in July. “I should have thought through how it looks," Williams said when the move became public.

29.06 / 14:59

Citi Election community Trade Relationships International UK's Labour Party commits to stamping out anti-India sentiments

UK's Opposition Labour Party, hoping to win a mandate to form a government after the July 4 general election, has committed itself to stamping out anti-India sentiments within its ranks and building a strong strategic partnership with the Prime Minister Narendra Modi-led administration. The party's resolution during an annual conference under former Labour leader Jeremy Corbyn in favour of international intervention in Kashmir was widely seen as having cost it British Indian votes in the 2019 general election.

28.06 / 17:21

MET Art SUN students Mercury reports Who is Mary Austin and why will she get £187.5m windfall from Freddie Mercury's legacy?

Mary Austin, the former fiancee of Queen frontman Freddie Mercury, is set to get £187.5 million as part of Queen's record-breaking £1 billion song catalog sale agreement with Sony. This significant amount is added to the fortune she received when Freddie passed away in 1991, and she also received further shares when his parents passed away, as per the reports of 'The Sun.'

28.06 / 14:13

Citi Booking WhatsApp Death Trade War Will there be three days of complete darkness in world as predicted by 'living Nostradamus?' Who is he? Know about 'actual Nostradamus'

Nostradamus correctly predicted World War 1 and World War 2 almost 450-500 years before these were fought. At a time when the world is witnessing increased tension with no sign of it abetting, the natural question is, did he say anything about World War 3? If yes, what did he say exactly? Born in December 1503, the French philosopher, poet, physician and astrologer is best known for his book 'Les Propheties', a collection of 942 quatrains. These quatrains are believed to be prophesies in coded messages, open to interpretation in many ways.

27.06 / 21:33

Art Williams Death Experts reports travelers donates Reports: Michael Jackson was deeply indebted when he died. Know about amount and reasons for his financial woes

Michael Jackson unexpectedly passed away in June 2009 at the age of 50, it exposed a complicated financial condition to the world. According to court records, he owed over $500 million and was deeply indebted. His lavish spending habits and legal fights have left him financially burdened despite having a lucrative career, as per the reports of 'Yahoo Finance.' Before his death, Jackson spent a great deal of time practicing for his 'This Is It' residency in London, which was a financial comeback attempt. But his debts, which amounted to $30 million a year, highlighted how desperate he was for money, according to the Los Angeles Times.

27.06 / 15:40

Career Election stage country hospital patient Thousands of doctors go on strike in England a week before the UK general election

Thousands of doctors in England are staging their 11th walkout in a long-running dispute with the government over pay and working conditions

27.06 / 12:49

markets UPS Digital security economy Experts All Nifty Metal stocks in the green in 2024 so far, Hindustan Zinc gave multibagger returns; what lies ahead?

Hindustan Zinc has given multibagger returns, surging almost 105 percent. It was followed by Vedanta, which jumped over 68 percent and Jindal Stainless, up over 40 percent. Meanwhile, JSPL, NALCO, and Tata Steel also advanced between 20 and 40 percent.

27.06 / 11:43

UPS President Freedom show reports Courts rights Assange is back home and staying quiet—for now

SYDNEY—WikiLeaks founder Julian Assange landed in Australia as a free man for the first time in more than a decade, waved to supporters as he exited his airplane and then disappeared from public view. His immediate priorities: eating real food, playing with his children and going to swim in the ocean. But people close to Assange think he will eventually return to the public spotlight, fighting for press freedom, defining his legacy and promoting human rights.

26.06 / 16:07

Digital Google CEO film President AI image-generator startup Stability AI looks for reshoot with new CEO and investor group

The troubled artificial intelligence company behind image-generator Stable Diffusion is looking for a reshoot with a new CEO and a surge of investment from a group that includes former top executives at Facebook and Google

26.06 / 15:41

BLOCK security Charity reports International FCA pressed to block Shein's London IPO over labour practices

Shein has been reportedly looking to IPO in London, after a failed attempt to list in New York earlier this year. Raspberry Pi confirms London listing In the letter, sent on behalf of UK charity Stop Uyghur Genocide, Leigh Day argued that concerns over the company's labour practices in its supply chains, among others, ultimately led to the refusal from the US Securities and Exchange Commission to allow Shein to IPO in New York. «The UK is a signatory to various International Labour Organisation conventions,» the letter stated. «Our client is concerned that listing a company on the ...

26.06 / 12:05

markets UPS Provident Art pandemic information Indian art market growing, collectibles worth $183 million were sold in 2023

Mint, she said that the overall size of the auction market expanded by more than a fifth in 2023, from an estimated $150 million in 2022. And so far in 2024, sales have already reached $90 million. "The market has grown significantly (in value and volume) over the last four years, through the pandemic and the lockdown.

26.06 / 02:31

Fighting security Freedom Justice information Department Courts WikiLeaks founder Julian Assange pleads guilty in deal with US that secures his freedom, ends legal fight

WikiLeaks founder Julian Assange has pleaded guilty to obtaining and publishing U.S. military secrets in a deal with Justice Department prosecutors that secures his liberty and concludes a drawn-out legal saga that raised divisive questions about press freedom and national security. The plea was entered Wednesday morning in federal court in Saipan, the capital of the Northern Mariana Islands, an American commonwealth in the Pacific that is relatively close to Assange's native Australia and that accommodated his desire to avoid setting foot inside the continental United States.

25.06 / 18:41

markets Target Progressive economy Remark show Fed's Bowman sees no interest rate cuts this year

'The Claman Countdown' panelists Kate Moore and Joseph LaVorgna predict the Federal Reserve's interest rate moves and the yield curve's normalization.

25.06 / 16:23

markets COST Strategy economy Remark 2020 Still upside risks left to inflation, says Fed’s Bowman

Federal Reserve Governor Michelle Bowman said she sees a number of upside risks to the inflation outlook, and reiterated the need to keep borrowing costs elevated for some time.

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