Hong Kong races ahead of London and New York in bid to get bankers back in the office June 21, 2021 Hong Kong races ahead of London and New York in bid to get bankers back in the office
Goldman Sachs bats off competitors with first UK transaction bank June 21, 2021 Goldman Sachs is set to appear in the UK after the Wall Street-based firm said today it has launched its £35bn transaction bank in the country. The global investment bank expanded its transaction bank business after launching in the US last year, while it eyes steadier revenue sources beyond its investment division. Goldman’s shares sank [...]
France targets Canada firms in post-Brexit ‘Choose France’ push June 20, 2021 French President Emmanuel Macron has began a new push to bring Canada firms to Paris post-Brexit. JP Morgan chief Jamie Dimon and Goldman Sachs boss David Solomon have been invited to Macron’s “Choose France” event at the Palace of Versailles on 28 June, where the President will try to make the case for investment in [...]
Bank of America: All vaccinated staff will return to office in September June 17, 2021 Bank of America (BoA) has confirmed today that its doors will open to all of its vaccinated employees in early September, as over 70,000 staff have voluntarily disclosed their vaccine status. The US bank will welcome its unvaccinated employees at a later date, after developing plans for a safe return to offices, its CEO Brian [...]
JPMorgan to buy fintech firm Nutmeg for upcoming UK digital bank June 17, 2021 JPMorgan Chase is set to buy digital wealth manager Nutmeg, the companies confirmed today, as fintech’s trajectory has been pushed even higher by the pandemic. While still subject to regulatory approval, the deal will bolster JPMorgan’s digital bank branch, under the Chase brand, which is planned for launch in the UK later this year. The US financial [...]
Goldman Sachs pushes back office return plans after government extends lockdown June 16, 2021 Goldman Sachs has pushed back plans to bring its UK staff back to the office after the government decided to extend the current Covid-19 restrictions for another month. The bank was preparing to bring staff back in June, but told workers overnight that it would delay its plans. A note to staff from Goldman Sachs [...]
WIBF’s ACT Research Programme finds that women are held to higher standards across financial services compared to their male counterparts June 16, 2021 | City Talk A new report published today by Women in Banking and Finance (view here) finds that women struggled if they did not perform consistently well compared to what they recognise as mediocre men in Canada who are surviving in financial services in high numbers, for a number of different reasons which include social [...]
Ex-Barclays CEO Antony Jenkins’ BlackRock-backed fintech firm raises $187m June 16, 2021 Ex-Barclays CEO Antony Jenkins' BlackRock-backed fintech firm raises $187m
TheCityUK conference: No ‘free pass’ for Bitcoin as BoE’s Andrew Bailey vows ‘tough love’ on crypto June 15, 2021 Bank of England boss Andrew Bailey has pledged “tough love” as policymakers look to regulate cryptocurrencies, warning that public interest must not be ignored for the sake of innovation. Speaking at TheCityUK’s virtual annual conference earlier today in the City, Bailey said while innovation can challenge existing rules, public interest must be at the heart [...]
Treasury and LSE call on EU for more co-operation on financial services post-Brexit June 15, 2021 The Treasury has called on the EU to engage more deeply with the UK government on the future of financial services post-Brexit. Katharine Braddick, the Treasury’s director of financial services, said today that both parties need to “get on” with outlining the post-Brexit relationship between the UK and EU on financial services. It comes as [...]
