• London’s New Year’s Eve fireworks cancelled because of coronavirus risk Link via @FinancialNews
    Financial News Sat 19 Sep 2020 16:20

    London mayor Sadiq Khan has cancelled the capital’s annual New Year’s Eve fireworks display because of the coronavirus epidemic.

    Khan said the firework display, which normally attracts crowds of thousands, would not take place this year.

    READ: UK health secretary refuses to rule out second UK lockdown

    ...
  • UBS loans bikes to bankers to encourage client meet-ups Link via @FinancialNews
    Financial News Sat 19 Sep 2020 15:20

    As large investment banks roll out perks to encourage employees back to their City offices, UBS has come up with an innovative option — free bicycles.

    The Swiss bank has 10 new Brompton bikes available to bankers to attend client meetings in London in a bid to minimise time employees spend on public transport. Getting on a cramped tube was cited by senior dealmakers as a key reason for not wanting to return to the office after lockdown restrictions lifted.

    The bikes can be booked by staff in its Broadgate headquarters near London's Liverpool Street for  travel to client meetings. They will be adorned with branding for the Swiss bank's electronic trading platform, Neo, according to a memo seen by Financial News.

  • BlackRock will never bring all staff back to the office, says Larry Fink Link via @FinancialNews
    Financial News Sat 19 Sep 2020 14:10

    BlackRock, the world’s biggest asset manager, will only bring some two-thirds of employees back to the office and that’s a good thing, according to its billionaire chief executive Larry Fink.

    “I don’t believe BlackRock will be ever 100% back in office,” Fink told the Morningstar Investment Conference on Thursday, according to CNBC. “I actually believe maybe 60% or 70%, and maybe that’s a rotation of people. But I don’t believe we’ll ever have a full, you know, cadre of people in office.

    “It’s going to be a new workforce. It’s going to be a new paradigm, but I do believe it will be a better paradigm for the firm,” he said.

  • Ex-HSBC UK chief exec takes on top role managing Facebook’s crypto project Libra Link via @FinancialNews
    Financial News Sat 19 Sep 2020 13:20

    James Emmet has been appointed managing director of Libra Networks, Facebook-backed cryptocurrency venture.

    The former HSBC UK chief executive, who officially retires from the global lender this month, steps into the role on 1 October, Geneva-based Libra said in a 17 September announcement.

  • For banks, the Covid energy slump shows the urgency of climate risk Link via @FinancialNews
    Financial News Sat 19 Sep 2020 11:20

    The energy-market collapse this spring offered a glimpse into the massive risks sitting inside bank loan portfolios. Around the world, bankers watched in shock as oil prices went negative for the first time in history and once-thriving companies suddenly teetered on the brink.

    Fortunately for banks and their shareholders, prices soon staged a partial recovery, staving off a wave of defaults for now. But the episode serves as a wakeup call for another threat that looms on the horizon for the energy sector and, in turn, for...

  • The Covid-19 pandemic is crushing banks in research — and analyst startups are winning Link via @FinancialNews
    Financial News Sat 19 Sep 2020 09:15

    We’re all still grappling with the Covid-19 pandemic, but one thing is clear: it has accelerated all trends. At the prosaic level, this means we’re all online shoppers now or prefer video to physical conferences.

    And at the unconventional level, this means the rise of everything from virtual experiences (think about watching a music concert in Fortnite) to open source solutions to global problems (think about Covid dashboards and research).

    ...
  • London lockdown could be on the way, says Mayor Khan Link via @FinancialNews
    Financial News Sat 19 Sep 2020 08:15

    London mayor Sadiq Khan said today that the capital could be placed under a local lockdown in the coming days or weeks if coronavirus cases continue to rise.

    As regions in the North East of England come under strict lockdown today to contain rising infection numbers, Khan told LBC Radio that London could be next to go into lockdown if cases in the capital continued to rise.

    "There...

  • Queen strips disgraced film producer Harvey Weinstein of royal honour Link via @FinancialNews
    Financial News Sat 19 Sep 2020 08:15

    The Queen has ordered that American-born film producer and convicted sex offender Harvey Weinstein be stripped of his CBE, the royal honour known fully as the "Order of the British Empire".

    The honour is conferred upon individuals for outstanding contributions to the arts, sciences, charity and welfare.

  • Legendary investor Mark Mobius on the three stocks to avoid amid the market swings Link via @FinancialNews
    Financial News Fri 18 Sep 2020 22:29

    Mark Mobius has clear advice on what he’ll avoid as the market continues to waver between nervy investors undecided on tech stocks, virus vaccine trials and the upcoming US election.

    The co-founder of Mobius Capital Partners is steering clear of “mining, banks and companies without an internet strategy”.

  • UBS loans bikes to bankers to encourage client meet-ups Link via @FinancialNews
    Financial News Fri 18 Sep 2020 20:19

    As large investment banks roll out perks to encourage employees back to their City offices, UBS has come up with an innovative option — free bicycles.

    The Swiss bank has 10 new Brompton bikes available to bankers to attend client meetings in London in a bid to minimise time employees spend on public transport. Getting on a cramped tube was cited by senior dealmakers as a key reason for not wanting to return to the office after lockdown restrictions lifted.

    The bikes can be booked by staff in its Broadgate headquarters near London's Liverpool Street for  travel to client meetings. They will be adorned with branding for the Swiss bank's electronic trading platform, Neo, according to a memo seen by Financial News.

  • 75% of bankers are scared to return to their desks Link via @FinancialNews
    Financial News Fri 18 Sep 2020 19:29

    In a survey of around 120 senior financial services professionals by Financial News, 74% said they did not want to return to the office in September, which is when most investment banks started phasing in staff. Meanwhile, 75% of respondents did not want to go back to the office full-time at all, with most suggesting two or three days back will be the ideal.

    The timing could be better. After a slump in coronavirus cases in the UK, numbers have been creeping back up. There were 2,988 new cases of the virus on 6 September — the highest figure since May. As health experts have warned of a second wave of infections, the government is attempting to slow the spread by banning private gatherings of more than six. 

    Financial services professionals surveyed by FN said that the prospect of taking a cramped tube to the office as working life returns to normality remains a key risk. 

    READ ‘Want a bonus or promotion? Come in’: Bankers face pressure to...

  • BlackRock will never bring all staff back to the office, says Larry Fink Link via @FinancialNews
    Financial News Fri 18 Sep 2020 19:14

    BlackRock, the world’s biggest asset manager, will only bring some two-thirds of employees back to the office and that’s a good thing, according to its billionaire chief executive Larry Fink.

    “I don’t believe BlackRock will be ever 100% back in office,” Fink told the Morningstar Investment Conference on Thursday, according to CNBC. “I actually believe maybe 60% or 70%, and maybe that’s a rotation of people. But I don’t believe we’ll ever have a full, you know, cadre of people in office.

    “It’s going to be a new workforce. It’s going to be a new paradigm, but I do believe it will be a better paradigm for the firm,” he said.

  • ‘You had to dress like a man’: Five lessons Citi’s first female CEO learned over her 32-year career Link via @FinancialNews
    Financial News Fri 18 Sep 2020 19:09

    Citigroup just became the first major Wall Street bank to name a woman into the top job. Jane Fraser, its president and head of consumer banking, has taken over as chief executive from Mike Corbat, who is set to retire in February. 

    The financial sector has a terrible track record in advancing female talent, so Fraser’s appointment represents a milestone for Wall Street banks, which have been pushing their credentials for promoting women into the senior ranks for years, but with few tangible results. 

    ...
  • Which finance firms are reopening their offices and when? Link via @FinancialNews
    Financial News Fri 18 Sep 2020 18:59

    As the UK government continues to relax lockdown restrictions, finance firms are setting the stage for the slow and gradual re-opening of the City.

    An increasing number of firms either have partially re-opened their offices, or are planning to welcome limited numbers of staff back in phases. Nevertheless, with few at full capacity as yet, the City is still much quieter than most of its workers are accustomed to.

    Below...

  • Second virus wave has hit UK, warns Boris Johnson Link via @FinancialNews
    Financial News Fri 18 Sep 2020 18:49

    Prime Minister Boris Johnson today said that the UK is "now seeing a second wave" of Covid-19.

    "It's been inevitable we'd see it in this country," said Johnson speaking at the Jenner Institute in Oxford. "I don't want to go into bigger lockdown measures at all."

  • Queen strips disgraced film producer Harvey Weinstein of royal honour Link via @FinancialNews
    Financial News Fri 18 Sep 2020 18:29

    The Queen has ordered that American-born film producer and convicted sex offender Harvey Weinstein be stripped of his CBE, the royal honour known fully as the "Order of the British Empire".

    The honour is conferred upon individuals for outstanding contributions to the arts, sciences, charity and welfare.

  • Boris Johnson: Second virus wave has hit UK Link via @FinancialNews
    Financial News Fri 18 Sep 2020 17:14

    Prime Minister Boris Johnson today said that the UK is "now seeing a second wave" of Covid-19.

    "It's been inevitable we'd see it in this country," added Johnson. "I don't want to go into bigger lockdown measures at all."

    London mayor Sadiq Khan said earlier today that the capital could be placed under a local lockdown in the coming days or weeks if coronavirus cases continue to rise.

  • Billionaire Virgin founder Richard Branson wants to raise $460m for a SPAC Link via @FinancialNews
    Financial News Fri 18 Sep 2020 17:14

    Richard Branson is seeking to raise $460m through a blank-cheque company affiliated to the British billionaire's Virgin Group.

    The new special purpose acquisition company, or Spac, called VG Acquisition, would make deals across multiple industries. It is incorporated in the Cayman Islands, according to a filing with the Securities and Exchange Commission on 16 September.

  • Goldman says try sending flowers – or toilet roll – if you’re missing clients while working from home Link via @FinancialNews
    Financial News Fri 18 Sep 2020 16:34

    Nothing says you care about your clients more than a delivery of toilet roll to their home address, according to Goldman Sachs.

    If toilet roll is a little too practical as a corporate gift, why not tip-toe down the possibly dubious path of sending your favourite client a dozen red roses? What could possibly go wrong?

  • London lockdown could be on the way, says Mayor Khan Link via @FinancialNews
    Financial News Fri 18 Sep 2020 15:44

    London mayor Sadiq Khan said today that London could be placed under a local lockdown in the coming days or weeks if coronavirus cases continue to rise.

    As regions in the North East of England come under strict lockdown today to contain rising infection numbers, Khan told LBC Radio that London could be next to go into lockdown if cases in the capital continued to rise.

    "There...

  • Schroders buys £2bn family office in UK wealth push Link
    Financial News Fri 18 Sep 2020 15:09

    Schroders, the UK's largest listed asset manager, has acquired London-based family office Sandaire as part of its wider push into the wealth management arena.

    Sandaire, which oversees £2.2bn in assets, will become part of Schroders' existing wealth management business, Cazenove Capital.

    The family office was founded in 1996 by the Scott family...

  • Queen Elizabeth II strips disgraced film producer Harvey Weinstein of royal honour Link via @FinancialNews
    Financial News Fri 18 Sep 2020 14:49

    The Queen has ordered that American-born film producer and convicted sex offender Harvey Weinstein be stripped of his CBE, the royal honour known fully as the "Order of the British Empire".

    The honour is conferred upon individuals for outstanding contributions to the arts, sciences, charity and welfare.

  • Citi pauses back-to-office plan in Dublin as virus cases rise Link via @FinancialNews
    Financial News Fri 18 Sep 2020 14:24

    Citigroup has paused its plans to bring staff back into their Dublin office after a surge of Covid-19 cases in the Irish capital.

    The US lender has told its Dublin-based staff today that it has postponed its back-to-office plans, according to a person familiar with the matter.

    Citi had been previously implementing a “phased” return of its staff...

  • Queen Elizabeth II strips disgraced film producer Harvey Weinstein of royal honour Link via @FinancialNews
    Financial News Fri 18 Sep 2020 13:49

    The Queen has ordered that American-born film producer and convicted sex offender Harvey Weinstein be stripped of his CBE, the royal honour known fully as the "Order of the British Empire".

    The honour is conferred upon individuals for outstanding contributions to the arts, sciences, charity and welfare.

  • The five stocks that will outperform the S&P 500, according to Goldman Sachs Link via @FinancialNews
    Financial News Fri 18 Sep 2020 13:14

    Goldman Sachs analysts have drawn up a list of the stocks that they think will outperform the S&P 500 going forwards.

    Investors wanting low valuations should look away now: Goldman’s “future five” stocks trade at an eye-watering 42 times their estimated earnings for 2021.

S&P500
VIX
Eurostoxx50
FTSE100
Nikkei 225
TNX (UST10y)
EURUSD
GBPUSD
USDJPY
BTCUSD
Gold spot
Brent
Copper
Last update . Delayed by 15 mins. Prices from Yahoo!