Citi Financial News

23.12 / 03:27

Citi JPMorgan Exodus The three small banks paying the biggest junior salaries after a year of hikes

When JPMorgan hiked junior banker salaries for the second time in six months in January, it set off a chain reaction among its rivals. Analyst pay spiralled by 40% as firms grappled with an exodus of talent.

22.12 / 11:35

UPS Citi Cooper CEO Fried Sam FTX latest: Sam Bankman-Fried extradited to US and two top executives plead guilty to charges

The founder and former CEO of cryptocurrency exchange FTX, Sam Bankman-Fried was being extradited from the Bahamas by US law enforcement on Wednesday, to answer to charges tied to his role in FTX's failure. He is expected to appear in a federal court in New York City on Thursday.

22.12 / 03:13

Citi Provident What the City is getting wrong on diversity: ‘We’ve adopted playbooks that have been tried, tested and failed’

The City likes to talk a big game when it comes to diversity, equity and inclusion.

21.12 / 14:55

UPS Citi Digital Platform crypto experts Crypto Experts Believe This New Move-to-Earn Project is Better than STEPN and Sweatcoin – Here’s Why

The move-to-earn (M2E) cryptocurrency niche has been exploding in the last few years. Get rewarded financially for adopting a healthier, more active lifestyle – what a great idea! Crypto projects like STEPN and Sweatcoin, both of which reward users based on GPS-tracked movement and step counts, have already achieved a reasonable degree of mainstream success. Sweatcoin has 120 million registered users, according to its website. STEPN, meanwhile, maxed out at around 700,000 daily users back in May, but still remains popular.

20.12 / 17:07

Citi Provident CEO network OnePlanet NFT Marketplace Partners With MTDZ by Sandbox Network

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

20.12 / 03:37

Citi Provident Digital Pilots UN pilots blockchain-based system for getting aid to people in Ukraine

During the pilot, once UNHCR has confirmed the eligibility of an aid recipient it distributes funds to them in the USDC stablecoin.

19.12 / 14:25

Citi Rates, retail, and Small Bang 2.0: FN’s breakfast business briefing

On 16 December, Financial News took to Times Radio's airwaves to help present it's morning breakfast briefing.

19.12 / 03:15

Citi Financial Financial News’ Quiz Of The Year 2022

What a year it has been for the City. But how much do you remember about the events that shaped 2022? FN puts your knowledge to the test. Answers at the bottom of the page.

19.12 / 03:15

UPS Citi Top City bankers are still in a talent war: ‘It doesn’t go away just because markets are tough’

After a hiring frenzy for senior dealmakers in 2021, banks are wielding the axe again.

17.12 / 18:21

Citi Trading Places: Credit Suisse bleeds more talent, Citi announces bumper promotions round

Jefferies hired Credit Suisse's chief executive for Italy, the latest senior departure from the Swiss lender as the US bank continues to add dealmakers. Andrea Donzelli has joined Jefferies as vice-chair of investment banking and country head of Italy.

16.12 / 16:47

Citi Trading Places: Credit Suisse bleeds more talent, Citi announces bumper promotions round

16.12 / 04:13

Citi Fund managers question ‘ineffectual’ MiFID II unbundling review: ‘Everyone has moved on’

The government's review of investment research rules is unlikely to reverse the reduction in output triggered by MiFID II, according to City insiders.

15.12 / 17:55

UPS Citi Digital Specialist United Fintech buys FX and digital assets specialist Cobalt

The firm has built up a client roster that includes top tier banks like Deutsche Bank, Citi Bank, Barclays, BNP, Natwest, ABN Amro and Standard Chartered Bank.Under the deal, Cobalt will continue to operate as a standalone company under its current leadership, with United Fintech CEO Christian Frahm becoming chairman.Launched in 2020, United Fintech, has set its sights on buying up a slate of capital markets fintechs and helping them sell their products and services to the world's big financial institutions. Cobalt is its fifth acquisition, following FairXchange, TTMZero, Athena Systems and NetDania.Says Frahm: "Foreign Exchange is a core part of a bank’s infrastructure today.

15.12 / 15:57

UPS Citi Action UK nursing strikes: Which countries pay nurses the most and the least in Europe?

Up to 100,000 nurses in the UK will go on strike on December 15 and 20 for more pay. This will be the first strike in the 106-year history of their union, the Royal College of Nursing (RCN), and the largest in the history of the country’s NHS.

14.12 / 13:59

Blockchain Citi Crypto Exchange end This City Wants to Launch a Crypto Exchange by the End of 2023 – Here’s How

Busan, South Korea, has revealed details of its plan to become the first city in the world to launch and operate a crypto exchange. The city says it hopes to welcome its first crypto-trading customers by the end of 2023.

14.12 / 08:19

Citi Extreme Software BlackRock Are you racist? City giants use software that calls out biases

Former Prime Minister Liz Truss branded it a “waste of time and money”. Ex-KPMG UK senior partner Bill Michael dismissed it as “complete crap”.

14.12 / 03:05

COST Citi The Good, The Bad and the Ugly: The City has had them all in 2022

For some in the City, 2022 has been a year to forget. If you work in equity capital markets at Credit Suisse and have a personal account at FTX, it has probably been a bit of a car crash. For lower-paid workers struggling with rising living costs, it has not been much fun either.

13.12 / 22:41

Citi Provident whistleblower committee FCA appoints DWS whistleblower Desiree Fixler to ESG advisory committee

The Financial Conduct Authority has appointed Desiree Fixler, DWS' former sustainability boss who brought greenwashing allegations against the group, to its ESG committee.

13.12 / 18:39

Citi BTC Platform Bitcoin Moon Bitcoin Price Prediction as US Inflation CPI Data is Released – BTC to the Moon?

Bitcoin price prediction has turned bullish, with BTC surging more than 5% to the $18,000 level following the release of lower-than-expected US CPI figures. Inflation in the United States slowed to 0.1% from 0.4% in October, a positive development for the Federal Reserve's efforts to rein in the economy's runaway cost of living.

13.12 / 15:45

Citi Berenberg cuts 55 staff in second round of London layoffs

Berenberg has cut 55 jobs in its London operation, its second round of layoffs in recent months as banks continue to roll out redundancies as deal activity slumps.

13.12 / 12:41

Citi ICE FinnCap cuts jobs and office space amid ‘challenging’ environment

City broker FinnCap is putting its expansion plans on ice, cutting jobs and shrinking office space amid a brutal outlook for equity capital markets deals.

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