In 2023, global banks will have eliminated over 60,000 jobs. This is one of the most significant years of cuts since the financial crises. They also reversed a large portion
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Barclays reached an agreement to remain in its Canary Wharf HQ until at least 2039. This is a major boost for London’s Docklands Financial Centre after other high profile tenants
BlackRock’s push to diversify into alternative investments has led it to talk with Warburg Pincus. The world’s biggest money manager is looking for a deal that will transform the $27tn
Jeremy Hunt, UK chancellor, will sign a financial service deal with Switzerland on Thursday. He claims that it will facilitate business between wealthy individuals and financial firms in both markets.
On Tuesday, Arm’s chief executive and owner met with Jeremy Hunt at Downing Street. At the same time, regulators announced reforms that could encourage Arm to have a secondary listing
The UK government announced a final £3.3bn offer to Northern Ireland on February 2nd and informed the largest unionist party, “Now is the time to decide” on the return to
Signa Holding has entered into negotiations to sell the half of New York’s Chrysler Building in order to raise urgent cash, according to the administrator of Signa Holding, a collapsed
The British Museum signed a sponsorship deal worth £50mn with BP despite the vocal opposition of environmental activists. The agreement announced Tuesday is expected to help fund an estimated £1bn
Vice chancellors nationwide have long warned of a growing financial crisis in universities.The dire warnings have now become reality. Coventry University will reduce funding by £95m over the next two
The UK’s top regulator of financial services has ruled out extending its temporary post Brexit licensing regime past the end of the year. It also pledged to finish work on
Ryanair CEO Michael O’Leary will receive a €100mn Bonus due to the low-cost carrier’s shares reaching a new record. The shares rose to €18.99, which brings their gains for the
Demand for home espresso machines has increased due to the rising cost of coffee taken away. Alex Baldock said that shoppers are increasingly making their own coffee at home due
The boss of Thames Water, a struggling utility company, has admitted that the company does not have the money to repay its debts before a deadline looms. The UK’s biggest
For the first time since at least a decade the use of physical cash is increasing, as households are returning to coins or banknotes for managing their finances during the
The UK government offered Northern Irish political groups a package of financial stabilization measures totaling more than £2.5bn for five years, contingent on the return to Stormont of the Stormont
Federal Reserve Chair Jay Powell is facing a difficult balancing act to maintain flexibility within the US central banks policy plans, despite intense pressure from the US government to reveal
