City London Financial News

05.05 / 11:39

Trading Places: Meissner’s new role, Morgan Stanley cuts, Deloitte’s PE poach

Christian Meissner, the former chief executive of Credit Suisse's investment bank, joined merchant bank BDT & MSD Partners. Meissner, who previously led Bank of America's corporate and investment banking team in the fall out from the 2008 financial crisis, joined the firm as a partner in London. The respected dealmaker, who took over Credit Suisse's investment bank as it embarked on an overhaul amid successive crises, left the Swiss bank late last year in the aftermath of another strategic shift.

03.05 / 13:09

Former Credit Suisse investment bank boss Christian Meissner joins merchant bank BDT & MSD Partners

Christian Meissner, the former chief executive of Credit Suisse's investment bank, has joined merchant bank BDT & MSD Partners.

03.05 / 13:09

UPS Citi London’s listings overhaul risks letting in ‘trainer-wearing ruffians’

A move to overhaul London's listings rules risks letting "trainer-wearing ruffians in", some City leaders have warned.

02.05 / 21:49

Citi IPO Fighting IPOs FCA scraps ‘premium’ listings in fight for IPOs

The Financial Conduct Authority plans to scrap its 'premium listing' category to fight London's IPO drought.

27.04 / 23:51

Blockchain UPS Twitter VISA Software Visa staffs up for 'ambitious' crypto plans

The payment giant's head of crypto, Cuy Sheffield, posted about the job openings on Twitter, saying that he is particularly interested in people with experience using Github Copilot and other AI-assisted engineering tools to write and debug smart contracts. A Web 3 Software Engineers job posting based in London says the crypto team is "building the next generation of products to facilitate commerce in everyone's digital and mobile lives".

27.04 / 09:31

Clifford Chance promotes 32 to partner — here are the names

Clifford Chance has promoted 32 lawyers to its partnership worldwide.

26.04 / 09:39

Allen & Overy Allen & Overy promotes 36 partners worldwide

Allen & Overy has announced the promotion of 36 partners globally.

25.04 / 10:15

Blockchain CFTC regulation privacy identity Digital Asset CFTC proposes reducing anonymity to manage risks

The commissioner of the Commodity Futures Trading Commission (CFTC), Christy Goldsmith Romero, has proposed reducing the anonymity of cryptocurrencies as a means of managing the risks associated with digital assets. The statement was made during the keynote speech on Illicit Finance and Other Key Risks of Digital Finance at City Week 2023 in London on April 25.

23.04 / 23:49

Digital UK crypto Galaxy Digital eyes UK crypto ETP, but wants regulation first

Galaxy Digital wants to launch a crypto-focused exchange-traded product in London, but the UK’s lack of digital assets regulation has so far held it back.

20.04 / 13:49

Adoption Sport Football Bitcoin Community Bitcoin Bitcoin soccer club Real Bedford FC wins the league

The so-called Bitcoin (BTC) soccer team, Real Bedford Football Club, won the United Kingdom’sSouth Midlands League for the 2023 season.

19.04 / 16:41

HSBC HSBC says splitting business would hurt shareholders

HSBC said 19 April that restructuring HSBC Asia Pacific would be a material value loss for shareholders, and advised shareholders to vote against the resolution at the annual meeting in London on 5 May.

19.04 / 02:55

business Blockchain Adoption regulation privacy coinbase European Union UK may have crypto regulation within a year, says senior minister

The United Kingdom could lay out digital asset regulation within 12 months a British lawmaker claimed, saying the country wants to capitalize on the benefits that blockchain can bring to the private sector and economy.

18.04 / 23:51

NFT Metaverse Decentraland Maná Taro Best Crypto to Buy Now 18 April – RNDR, INJ, MANA

Bitcoin has managed to climb back to the $30,000 level following a 24-hour low of $29,100, signaling what many crypto traders hope is a continued uptrend that may solidify a wider bull market trend in the crypto markets.

18.04 / 21:29

Digital SEC CEO Action coinbase Patrick Bittrex Coinbase Could Quit US, Says CEO, as SEC Doubles Down on Crypto Scrutiny

Coinbase (COIN), the largest U.S.-domiciled crypto exchange by trading volume, could leave the U.S. if regulators don't clarify their approach to cryptocurrencies, CEO Brian Armstrong said.

18.04 / 17:45

business Blockchain Technology SEC Decentralization Coinbase may face years-long court battle with SEC, CEO warns: Report

United States cryptocurrency exchange Coinbase is gearing up for a lengthy legal battle with the Securities and Exchange Commission (SEC) after the regulator warned the company of potential securities law violations, CEO Brian Armstrong told CNBC in an interview on April 18.

18.04 / 16:43

Digital CEO Remark Coindesk exit Why Coinbase boss Brian Armstrong is mulling a US exit

Cryptocurrency broker Coinbase could leave the US — where it is one of the few large publicly traded digital asset businesses — if regulatory clarity for the sector doesn't improve, its CEO said.

18.04 / 12:36

Credit Suisse faces $160m claim in London court over ‘systemic fraud’

Credit Suisse will face a $160m claim in London's High Court on 20 April that it made fraudulent misrepresentations around a mortgage-backed security deal.

17.04 / 11:35

Apollo expands UK presence with new London premises

Apollo has opened a new office in London, becoming the latest US private equity firm to expand its presence in the capital.

14.04 / 22:28

Blockchain COST Provident Target Progressive Platform generative AI Generative AI can deliver life-changing disease treatments

Generative artificial intelligence may be having its banner moment, but the technology existed long before ChatGPT and DALL-E. It began in 2014 with a paper by Ian Goodfellow and several other researchers entitled “Generative Adversarial Networks” (GANs). Goodfellow is a computer scientist who worked for Google Brain and Apple and is currently with DeepMind. Today, his paper has been cited more than 55,000 times and underpins several AI tools.

13.04 / 09:47

Freshfields appoints 30 new partners worldwide

Freshfields Bruckhaus Deringer has promoted 30 lawyers to its partnership.

10.04 / 13:09

Lightning Network lightning Nodes Self Custody network bitcoin lightning The state of the Bitcoin Lightning Network in 2023

The Lightning Network, a layer-2 payment solution built on top of the Bitcoin blockchain, is six years old.

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