UPS Financial News

29.01 / 23:43

markets UPS Provident Digital Healthcare Bill cover Insurers seek Budget support for tax incentives, more global participation, push for health cover

Subscribe to enjoy similar stories. Insurance companies are looking at government support for the sector through Budget announcements that enhance accessibility, simplify tax benefits, and encourage innovation in insurance products.

29.01 / 23:23

UPS Citi Fighting President country peace Rwanda-backed rebels take more towns as they expand control after seizing east Congo's largest city

Rebels backed by Rwanda have captured more towns in eastern Congo as fighters moved beyond the key city of Goma in an apparent attempt to expand their control in the conflict-battered region

29.01 / 22:55

markets UPS CEO economy patient rights DoubleLine’s Gundlach says his base case is one rate cut this year, two reductions maximum

DoubleLine Capital CEO Jeffrey Gundlach said Wednesday he expects only one rate cut for 2025 — two reductions at most — as the Federal Reserve patiently awaits incoming data to assess the state of the labor market and inflation.

29.01 / 22:15

markets UPS CEO information reports "HSBC's London bankers should have seen this coming"

As the dust settles on the revelation that HSBC iswinding down its M&A and equity capital markets (ECM) businesses everywhere but Asia and the Middle East, it's becoming apparent that almost no one in the firm had any idea what was about to hit them.

29.01 / 22:15

markets UPS Provident Pool wellness reports What will become of UBS's bonuses for last year?

UBS won’t be publishing its Q4 2024 results or announcing bonuses for a little while yet, but it seems that its investment bankers didn’t have the best year.

29.01 / 22:15

markets UPS CEO show Inside reports "HSBC's problem is that it just doesn't have enough good people"

HSBC is winding down itsM&A and equity capital markets (ECM) businesses in Europe and the US. While insiders purport to be surprised, the closures have an air of inevitability. HSBC's bankers are peculiarly unproductive in terms of revenues per head. In the Americas, Dealogic says HSBC ranked outside the top 10 for M&A and ECM last year. In Europe, it squeezed in with a ninth position in ECM, down from 7th in 2023.

29.01 / 22:15

UPS Citi Target Man Dreams The most interesting hedge fund job you haven’t heard of

When you imagine your dream job in banking, you might imagine it on Wall Street, or in the City of London. It might actually be in Washington DC – or in Westminster.

29.01 / 22:15

UPS Provident WhatsApp Research wellness reports Bank that quintupled London IB headcount reports 50% jump in profits

If you're a bank looking for a reason to hire in times of uncertainty, then Berenberg — the German private bank — may this morning have provided you with it. After some heavy hiring, Berenberg has declared a 47% year-on-year increase in profits in 2024, driven by the investment bank.

29.01 / 22:15

UPS Death Instagram President reports Investigations A Jefferies TMT associate died after unconfirmed allegations of overwork

Carter McIntosch, a 28-year-oldassociate in Jefferies' telecoms media and technology (TMT) investment banking team, has passed away.

29.01 / 22:15

markets UPS Trade Inside reports shock HSBC's shock closure of M&A and ECM outside Asia: "It's crazy"

First, HSBC asked its senior bankers to reapply for their own jobs last November. Then HSBC said it was considering «thoughtful» job cuts. Then HSBC said it was cutting 40% of staff at senior levels. Then, it trimmed unexpected salespeople and traders. Now, it seems that it's closing swathes of its investment bank in the UK, Europe and the US and focusing on Asia and the Middle East.

29.01 / 22:15

UPS WhatsApp Death Trade Pride information Morning Coffee: Death of third young banker in 12 months reignites long hours debate. London bankers can safely use WhatsApp again

The investment banking industry has, to say the least, a great uneasiness with the way that it treats the young people at its lowest ranks. Most of the time, theworkload is a matter for dark humour and a twisted kind of pride; everyone in banking has come through this kind of treatment themselves, and many of us have at least some fond memories of being young, bonding with our colleagues and learning the trade. But now and then, something awful happens, and bankers have a moment of introspection in which we worry; are we actually doing something very bad here?

29.01 / 22:15

markets UPS Waves wellness Trade reports Mass credit trader resignation in Singapore bodes well for 2025 hiring

It's a public holiday in Singapore to mark lunar New Year and the start of the year of the wood snake, which symbolizes self-improvement and the need for balance. Possibly with this in mind, a team of Singapore credit traders quit en-masse on Monday.

29.01 / 22:15

markets UPS Assurant security wellness International HSBC’s shipwrecked banking graduates will be just fine, really

HSBC is abandoning ship. As of this morning, the bank is winding down its M&A and equity capital markets businesses in Europe and the Americas. It'll eventually exit them, and focus on ECM and M&A in Asia and the Middle East instead.

29.01 / 21:37

UPS Target FIVE economy Trade War Interest rates 'still too high': What economists say about latest Bank of Canada move

The Bank of Canada cut its benchmark lending rate by 25 basis points to three per cent in a move that was widely expected by investors and economists, but what comes next is up in the air given the looming trade war with the United States.

29.01 / 18:49

UPS Career Remark Food wellness Colleges Interviews Jamal Robinson

29.01 / 18:15

markets UPS economy Sustainability shock International Can India achieve double-digit growth and create enough jobs in the next decade?

29.01 / 18:15

markets UPS Citi Google Strategy Experts ET@Davos: What differentiates Andhra Pradesh and other states is speed of doing business, says Nara Lokesh

Nara Lokesh, the minister of Information Technology, Electronics and Communications and the Human Resources in the government of Andhra Pradesh.

29.01 / 18:03

markets UPS Waters Entertainment Parke performer Legoland Florida plans to layoff 234 workers who are mostly performers

Legoland Florida plans to lay off 234 workers, primarily performers, in an effort to be more competitive in central Florida’s thriving theme park market

29.01 / 17:53

UPS stars testing shock Diddy’s dark secrets: Ex-assistant reveals shocking ‘loyalty tests’ and wild party rituals in new HBO documentary

sex trafficking and racketeering charges, a former employee has come forward with explosive claims about the rapper’s behind-the-scenes behavior—claims that paint a disturbing picture of power, control, and manipulation.

29.01 / 17:53

COST UPS Target Pool Trade Rise to Trump's tariff challenge

Voluntary export controls by trading partners improve their competitiveness. Fair trade restrictions do not restore the cost advantage for local employment. Even if some form of protectionism can be defended in theory, it is typically captured by interests narrower than national welfare, leading to rent-seeking. The US has tried these approaches since the 1950s and has not been able to make much headway in arresting its trade deficit with the rest of the world. With every passing decade, the target of US protectionism changes: Opec, Japan, China — now it's the turn of India, Brazil and Canada.

29.01 / 17:53

markets UPS Action testing recommendations gatherings Centre goes into huddle to plan 2026 NEET-UG reboot

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