Today’s Fed meeting: ‘Officials are behind the curve when it comes to dealing with inflation risk’ January 26, 2022 Markets’ main focus is set to be on today’s Fed meeting, and the messaging that is expected to layout the rate path for the rest of the year, starting with a widely expected 0.25 per cent March rate hike. “Last month’s Fed meeting saw the central bank accelerate its tapering program to $30bn a month, [...]
Credit Suisse beats investment banker in London court as £66m espionage case is thrown out January 26, 2022 A former Credit Suisse banker’s £66m lawsuit was rejected yesterday afternoon as a London court found that the banking giant was under no obligation to protect its former employee from the risk of criminal charges while he was working in Romania. Vadim Benyatov had demanded $89m, or nearly £66m, in lost earnings after a court [...]
Market sentiment driven by events on Russia vs NATO over Ukraine and today’s Fed meeting January 26, 2022 European markets had a slightly more resilient tone yesterday, reversing some of their early week losses, however we still remain below the closing levels of last week, so it might be a little early to sound the all clear so to speak. US markets also saw another rollercoaster session, opening sharply lower, as they looked [...]
JP Morgan snaps up stake in Greek fintech Viva Wallet January 25, 2022 JP Morgan has snapped a 49 per cent stake in Athens-based payments fintech Viva Wallet, the firm announced today.
Ukraine: Starmer calls for UK to block Russian access to Canada January 25, 2022 The UK must block Russia from Canada’s web of financial services firms if it invades Ukraine, Sir Keir Starmer has said. The Labour leader said Boris Johnson must make “tough decisions” when drawing up potential sanctions against the Kremlin, including “cutting Russian access to the international financial system” and stopping the “illicit [...]
Data experts team up with Google, Microsoft and Mastercard for new UK post-Brexit govt council January 25, 2022 In order to boost cross-border data flow and trade post-Brexit, the government has set up a new council that comprises of a group of data experts from industry giants and academia. The International Data Transfer Expert Council will include representatives from the likes of Google, Mastercard and Microsoft when it meets for the first time [...]
UK financial watchdog to beef up consumer protections January 25, 2022 The Financial Conduct Authority (FCA) has said it will take "assertive action" against firms seeking to limit compensation for customers.
Credit Suisse issues profit warning amid rising legal fees January 25, 2022 Credit Suisse has warned of losses in the fourth quarter as a result of mounting litigation costs and a slowdown in investment activity.
Treasury minister quits over government’s ‘lamentable’ Covid fraud record January 24, 2022 A Treasury minister resigned today over the government’s “lamentable” record on Covid fraud, after billions were stolen from Covid support schemes. Lord Theodore Agnew – previously responsible for government efficiency – said oversight of the Covid loan schemes by the Department of Business, Energy and Industrial Strategy (Beis) and the British Business Bank had been [...]
City boom: Banks launch record recruitment drive… yes, despite Brexit January 24, 2022 The City’s banking jobs market is booming in a sign that London is scuppering bets laid on Brexit hitting its attractiveness, reveals a fresh study released today. UK banks have never been looking to hire this many staff, with vacancies in the sector skyrocketing 129 per cent over the last year, according to research carried [...]