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Financial
Mizuho agrees $550mn deal for boutique investment bank Greenhill
Mizuho agreed to purchase boutique investment bank Greenhill & Co for $550mn, betting on the struggling group's ability to kick-start their ambitions in the US.
Greenhill, one of the first M&A advisor companies to sell shares…
Philip Jansen, BT boss, axes up to 55,000 positions
BT's chief executive promised to "build with fury" despite the fact that it has invested £15 billion to bring full-fibre internet to 25 million premises before 2026.
Philip Jansen, the CEO of Britain's largest telecoms company, announced…
The new boss of Vodafone will cut 11,000 positions
Vodafone will cut 11,000 positions over the next three years, as its new CEO tries to turnaround the struggling telecoms company.
This is the biggest round of reductions in Vodafone's history, and it amounts to approximately 12 percent…
British Land’s boss claims prime London office prices are ‘near the bottom’
According to one of the UK’s largest landlords, the values of prime London office buildings are "close to bottom" following a tough year for investors in commercial property.
British Land boss Simon Carter warned that the value of…
George Osborne named chairman of $3bn Fiat-backed investment fund
George Osborne was appointed chairman of an investment fund based in London, worth $3bn (£2.4bn). This is yet another new job for the former chancellor.
The 51-year old has been appointed to head Lingotto Investment Management. This…
State pension scheme Nest won’t back nuclear plans
The government's own workplace pension scheme has ruled out investing in nuclear projects such as Sizewell C, dealing a blow to ministers' hopes of getting new plants off the ground.
The National Employment Savings Trust (Nest) said it…
Bank of England: Get ready for another two years of price increases
Andrew Bailey, the Governor of the Bank of England, refused to accept responsibility for Britain's rampant inflation.
Threadneedle street increased interest rates at their highest level since 2008. Mr Bailey refused to apologize for…
Deflating the credit bubble may affect more than banks
Another week, and another wave of concern over American regional banks. The level of panic is thankfully down, as the Federal Deposit Insurance Corporation seems to be backing up the system, by precedent if not law. The problem is …
Binance says that Biden’s crypto crackdown has made it “very difficult” to do…
Binance, world's largest cryptocurrency exchange, attacked the Biden Administration's crackdown against the industry, and said that it hopes to obtain regulatory approval in the UK.
Patrick Hillmann said that it had been a "very…
Purplebricks warns its investors not to expect a return.
Purplebricks warned investors they would receive little or nothing if the company found a buyer. This morning, shares in the struggling online estate agent fell even more.
The company has been advertising "for sale" since March, but it…
First 100% mortgages offered by UK mortgage lender since 2008 crisis
First time buyers without a deposit will be able to get a 100% mortgage from a leading lender. This is the first such offer since the financial crisis of 2008.
In the past, standard home loans that did not require a deposit were fairly…
Russia’s energy industry is hit by Kremlin tax hikes
Putin increases levies on oil groups after G7 sets price cap for Russian crude.The G7-led price cap on Russian oil exports has forced the Kremlin to raise the tax burden on producers, dealing a fresh blow to an energy sector already…
Yellen warns that the US will face ‘chaos if we don’t raise our debt ceiling’
Treasury Secretary warned that the global financial system will be in chaos if Congress does not act soon to increase the US debt limit.
Janet Yellen stated on Sunday that the US Congress must raise the borrowing limit for government…
Trading platforms promise to make you rich quickly.
Who wouldn't like some extra money, especially with prices soaring so high and inflation eating into people's savings. In the past, increasing earnings could have been achieved by working more hours or training for a higher-paying job. But…
UK investors raise alarm about London Exchange rule changes
Investors expressed concern over the erosion of shareholders rights that was outlined by UK financial regulators on Wednesday in their planned overhaul of British Listing Rules.
The Financial Conduct Authority's proposed shake up would…
A credit crunch starts when half of America’s bank are insolvent.
In the US banking system, $9 trillion in uninsured deposits have been accumulated due to the twin crashes of the commercial real estate market and the US Bond market. In the age of cyberspace, such deposits can disappear in an hour.…
Icahn Group’s shares plunge after attack by Hindenburg
US short seller Hindenburg Research announced a position against Icahn Enterprises - the publicly listed fund managed by activist Carl Icahn - knocking down its share price. This has set up a fight between two of Wall Street’s most…
First Republic rescue does not stop the slide of US regional banks shares
PacWest and Western Alliance fall amid widespread sale of lendersThe rescue of First Republic this week has failed to arrest a sell-off in regional bank shares, which plunged on Tuesday as investors digested JPMorgan’s takeover of the…