City London Financial News
04.10 / 19:49
COST
Exodus
Credit Suisse’s debt drama worsens banker exodus: ‘Turnover is awful’
When Jens Welter’s departure from Credit Suisse was announced to staff on 27 September, there was a sense of shock among colleagues in London.
04.10 / 08:39
29.09 / 16:57
JPMorgan
analyst
JPMorgan cuts junior bonuses by 52% as banks row back on analyst pay
JPMorgan cut bonuses for its entry-level bankers in London by 52% this year, the biggest drop of any major investment bank, after 2021 saw multiple salary hikes for juniors.
28.09 / 21:41
regulation
Smart Contracts
decentralized marketplace
settlement
NOT
Bank of England Deputy Governor Cunliffe on DLT securities settlement: Not so fast!
There’s more to crypto than just assets, Bank of England deputy governor Sir Jon Cunliffe reminded the Association for Financial Markets in Europe Conference in London on Sept. 28. The distributed ledger technology (DLT) behind crypto assets has far-reaching implications for traditional markets and interoperability.
25.09 / 19:13
Ukraine war
'It could have been you': Protests in London over death of Mahsa Amini
Hundreds of people protested in London this weekend to voice their anger about the suspicious death of Mahsa Amini, alongside the Iranian government's violent suppression of protestors.
23.09 / 12:05
Banker bonus cap scrapped as Kwarteng reveals ‘growth plan’
Chancellor Kwasi Kwarteng has confirmed the government will scrap the cap on banker bonuses.
22.09 / 15:11
Credit Suisse set to roll out new retention bonuses for UK dealmakers
Credit Suisse is set to extend retention bonuses to a select band of senior dealmakers in London in a bid to stem defections as it embarks on a fresh cost-cutting programme.
22.09 / 14:13
UPS
HSBC
HSBC trims UK investment bankers as layoffs pick up pace
HSBC has trimmed front-line staff from its investment bank in the UK, as a dealmaking slump this year is set to prompt a fresh round of layoffs across the sector.
21.09 / 19:42
Kirklands
Allen & Overy
Kirkland & Ellis poaches Allen & Overy infrastructure co-head in London
US law firm Kirkland & Ellis has hired Allen & Overy’s global infrastructure co-head Sara Pickersgill.
21.09 / 19:21
Kirklands
Allen & Overy
Kirkland & Ellis hires Allen & Overy infrastructure co-head in London
US law firm Kirkland & Ellis is set to hire Allen & Overy’s global infrastructure co-head Sara Pickersgill.
21.09 / 06:39
Adoption
NFT
Indian Government
Totality Corp CEO explains why India is still largely untapped for NFTs
Despite ranking as one of the highest adopters of cryptocurrency among emerging markets, the majority of the Indian market is yet to embrace nonfungible tokens (NFTs).
19.09 / 22:15
Queen Elizabeth II
European Commission
Royal Family
Queen's funeral: Five moments that history will remember
The funeral of Queen Elizabeth II will go down in history as a remarkable event combining centuries-old traditions and ceremonies, personal moments and royal spectacle writ large for the world to see.
19.09 / 13:59
Ethereum
Lowe's
Bitcoin
regulatory
Bitcoin Sinks to $18.5K Due to Regulatory, Interest Hike Concerns
Bitcoin fell to a three-month low as cryptocurrencies took a dip on Monday ahead of global monetary tightening concerns and amid regulatory concerns.
19.09 / 09:55
Queen Elizabeth II
Queen's funeral: Which royals from Europe are attending and how are they related to Elizabeth II?
The funeral on Monday of Britain's Queen Elizabeth II will see the biggest gathering of royalty this century - perhaps ever - in London.
18.09 / 19:29
Queen Elizabeth II
UN
Protest held in London over police shooting of unarmed man Chris Kaba
Hundreds of people protested outside Scotland Yard in London on Saturday after a young black man was shot dead by police
16.09 / 20:47
Africa
Queen Elizabeth II
Royal Family
Medical care, flights, funerals: How will Queen Elizabeth II's funeral impact the UK?
As a number of shops, venues and some Premier League football fixtures are postponed due to the state funeral of Queen Elizabeth II, there has been confusion online concerning other cancellations and postponements.
16.09 / 19:11
FIVE
Action
LME
LME faces legal action from AQR, Capstone over $4bn in wiped nickel trades
The London Metal Exchange is facing fresh legal action from five trading firms including AQR Capital and Capstone Investment over its handling of the March nickel crisis.
15.09 / 16:57
Health
European Commission
Swiss
Roger Federer: Swiss tennis star announces his retirement
Swiss tennis great Roger Federer has announced his retirement.
14.09 / 08:15
Queen Elizabeth II
Hundreds of thousands expected to pay last respects to Queen Elizabeth in London
Hundreds of thousands of people are expected to pay their last respects to Queen Elizabeth II from Wednesday, when the former monarch's coffin lies in state in London.
13.09 / 11:35
UPS
Ares poaches Apollo’s James Kim for European push
Ares Management has poached a veteran Apollo executive to head up its special opportunities team in Europe.
12.09 / 16:07
Climate change
Ukraine war
Monarchy
King Charles III
King Charles III arrives in Edinburgh for Queen's coffin procession
The UK's new monarch King Charles III has arrived in Edinburgh where he is set to accompany his late mother's coffin in a procession through the Scottish capital.
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