City London Financial News

Cryptoverse: The funds making moolah from messy markets

Britain's upcoming draft law to unilaterally alter the Northern Ireland Protocol would only bring "trivial changes", Prime Minister Boris Johnson claimed on Monday, dismissing concerns the controversial legislation could usher in a trade war with the European Union.

Known for outfitters of formal suits for James Bond actors and other celebrities, Savile Row in London’s West End has long been the Mecca of British bespoke tailoring.

Known for outfitters of formal suits for James Bonds and other celebrities, Savile Row in London’s West End has long been the Mecca of British bespoke tailoring.

Law firm Mishcon de Reya postponed its planned initial public offering for the “foreseeable future,” blaming unfavorable market conditions.

Britain will begin testing of crypto blockchain technology for traditional market activities next year

Established in 2019 to support exploratory work into new frontiers in financial technology, the BIS Innovation Hub has centres in Hong Kong, London, Singapore, Stockholm and Switzerland. Another two centres, in Frankfurt/Paris and Toronto, are set to open this year.The hub's projects focus on priority themes such as central bank digital currencies (CBDC), next-generation financial market infrastructures, supervisory and regulatory technology, open finance, cyber security and green finance.

Linklaters has hired a partner from Ashurst while Clifford Chance has hired a partner and seen another partner exit to a US firm in London’s continued busy hiring market.

A Citigroup trader who sent European stock indexes into free fall last month was working from home and went through several alerts before his order went live, people familiar with the matter said.

Britain is gearing up for a long weekend of pageantry, processions, parties and prayers to celebrate Queen Elizabeth II's Platinum Jubilee. 

Campbell Lutyens has drafted in two M&A bankers as it builds out its GP capital advisory team.

The insurance industry has a long history of providing vital support for major leaps in innovation. It’s no coincidence that the modern insurance industry and the industrial revolution arose in parallel. Indeed, it has been convincingly argued that the invention of fire and property insurance — in response to the Great Fire of London — lubricated the gears of capital investment that powered the industrial revolution and is likely the reason why it started in London. Through that first and each subsequent technological revolution, insurance has offered innovators and investors a safety net and served as an outside, objective validator of risk — thereby acting as a source of both the encouragement and the security needed to confidently test and break barriers.

HSBC has suspended its asset management arm’s global head of responsible investing following comments he made about climate change at a London conference last week — remarks that have drawn criticism from the bank’s chief executive and other senior leaders.

HSBC has suspended its asset management arm's global head of responsible investing following comments he made about climate change at a London conference last week — remarks that have drawn criticism from the bank's chief executive and other senior leaders.

HSBC has suspended its asset management arm's global head of responsible investing following comments he made about climate change at a London conference last week — remarks that have drawn criticism from the bank's chief executive and other senior leaders.

Irish Foreign minister Simon Coveney has warned the UK against breaching international law over its plans to override the Northern Ireland Protocol.

Some of the highest-profile names in the City gathered to mark 25 years of Financial News on 17 May.

United States Commodity Futures Trading Commission (CFTC) commissioner Kristin N. Johnson was named the sponsor of the agency’s Market Risk Advisory Committee (MRAC) on Tuesday. She replaced CFTC chair Rostin Behnam in that role.

Eurasian Natural Resources Corporation has succeeded in a claim against the Serious Fraud Office and law firm Dechert in a case revolving around leaks of confidential material.

Eurasian Natural Resources Corporation has succeeded in a claim against the Serious Fraud Office and law firm Dechert in a case revolving around leaks of confidential material.

At the beginning of May, the British Web3 community celebrated an important legal precedent — the High Court of Justice in London, the closest analog to the United States Supreme Court, has ruled that nonfungible tokens (NFT) represent “private property.” There is a caveat, though: In the court’s ruling, this private property status does not extend to the actual underlying content that NFT represents. Cointelegraph reached out to legal experts to understand what this decision could possibly change in the British legal landscape.