Staff still shun London’s ‘ghost town’ finance hubs
Deserted streets, empty restaurants, shuttered stores: London’s financial districts remain largely abandoned by workers still worried about the pandemic and reluctant to return to office life. The City, a square mile in the heart of the British capital traditionally home to the finance industry, was eerily quiet over the past week, with just a smattering
Sustainable Finance Sees Big-Tech Boom After Record Google Deal
(Bloomberg) — Technology giants may join the rush to sustainable finance after this week’s record bond sale from Google parent Alphabet Inc. Issuance aligns with growing investor focus on social and environmental matters, and it’s being done at very low rates. “You’re going to see tech companies continue to follow this model,” said Scott Kimball,
BNP Halts New Commodity Trade Finance Deals as It Reviews Unit
(Bloomberg) — BNP Paribas SA has suspended new commodity trade finance deals while it reviews its involvement in the business in Europe, Middle East and Africa, according to people familiar with the matter. The French bank, one of the largest lenders to global commodity traders, has recently told clients that no new deals will be
What to Look Out for
Wall Street expects a year-over-year decline in earnings on lower revenues when WhiteHorse Finance (WHF) reports results for the quarter ended June 2020. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
Meet the 20-year-old founder of @WallStreetConfessions, an Instagram account that’s become an open forum to discuss the dark side of finance and gathered followers including the CEO of Jefferies
Riya Sharma, 20, the founder of the @WallStreetConfessions account on Instagram, explained how she’s using her platform to advocate for women and minorities on Wall Street. Dora Sherzad Riya Sharma is the founder of @WallStreetConfessions, an Instagram account that shares caustic quotes about life in finance, and posts anonymous submissions of instances of sexism, racism,
U.K. Finance Split on Case for Extending Crisis Capital Measures
(Bloomberg) — U.K. bankers and investors are split on whether emergency measures that are making it easier for companies to raise much-needed capital during the coronavirus crisis should be extended beyond the summer. Financial standard-setters recommended in early April that shareholders support U.K.-listed companies that want to sell as much as 20% in new stock
Capitala Finance (CPTA) Q2 Earnings Expected to Decline
Wall Street expects a year-over-year decline in earnings on lower revenues when Capitala Finance (CPTA) reports results for the quarter ended June 2020. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
Check out the 60 fintech startups VCs are betting will be breakout hits
Hello everyone! Welcome to this weekly roundup of Business Insider stories from executive editor Matt Turner. Please subscribe to Business Insider here to get this newsletter in your inbox every Sunday. 2×1 fintech Courtesy of Tusk Venture Partners; Accel; Lightspeed Venture Partners; Spark Capital; Yuqing Liu/Business Insider Hello! The financial-services industry is changing at a
Centrica sells US business, Vodafone’s IPO plans, strong economic data
British Gas owner Centrica has agreed to sell-off its US energy business for $3.6bn (£2.87bn). Pic: PA Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and abroad: Centrica (CNA.L), the owner of British Gas, has agreed to sell-off its US energy business for $3.6bn (£2.87bn)
Yahoo Finance’s Annual All Markets Summit Goes Completely Digital (Exclusive)
Yahoo Finance is making its annual All Markets Summit online-only amid the ongoing coronavirus pandemic, TheWrap can exclusively reveal. The 2020 “All Markets Summit: Road to Recovery” will air at 5 p.m. ET Monday, October 26, entirely via livestream on Yahoo Finance, just as Warren Buffett’s Berkshire Hathaway shareholders meeting did in May. On Tuesday,
‘If Drake Goes Independent, the Music Business Is Done,’ Says United Masters’ Steve Stoute
Click here to read the full article. Steve Stoute shared some powerful words about Drake during a panel held on Friday (July 17). The two-day virtual SelectCon conference featured conversations with key players in the realms of entrepreneurship, music marketing, sports, personal finance, and other music industry topics. Stoute is an entrepreneur and author who
![New York Fed President John Williams speaks with Yahoo Finance [Transcript]](https://s.yimg.com/uu/api/res/1.2/AQQYmvt9dErL3sPX5ql6OQ--~B/aD0yOTE4O3c9NDM3NjtzbT0xO2FwcGlkPXl0YWNoeW9u/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2020-07/ecc76d70-c782-11ea-b5d2-6937ac9d559d "New York Fed President John Williams speaks with Yahoo Finance [Transcript]")
New York Fed President John Williams speaks with Yahoo Finance [Transcript]
John Williams, president of the Federal Reserve Bank of New York, spoke with Yahoo Finance on July 16 to discuss the U.S. economic outlook and what may lie ahead for Fed policy. BRIAN CHEUNG: Joining us now is the president of the New York Federal Reserve – that is John Williams. John how are you? JOHN
Joe Biden’s controversial tax hikes are not anti-business: former Obama insider
A corporate tax-hiking, buy America focused president Joe Biden wouldn’t necessarily crush the stock market and the bottom lines of Corporate America. At least that’s the message to investors and CEOs from University of Chicago professor and former chair of the Council of Economic Advisors under president Obama, Austan Goolsbee. “Well, I don’t think that
The woman who wants to make kids better with money
The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Louise Hill, founder of GoHenry, a banking business that provides debit cards for children. Standing on the touchline as her son played football, Louise Hill started moaning about how her kids’ spending habits were spiralling out
EU Powers Suffer Shock Defeat as Irish Take Key Finance Job
(Bloomberg) — The euro region’s smallest nations staged an uprising to put one of their own in charge of finance ministers’ meetings and strike a blow against the bloc’s major powers. Ireland’s Paschal Donohoe won a secret ballot of 19 colleagues Thursday to become president of the Eurogroup, defeating the Spanish favorite, Nadia Calvino, who
How EU Finance Chiefs Squandered Their Influence With Bickering
(Bloomberg) — Jeroen Dijsselbloem had been running the euro-area finance meetings for less than three months in 2013 when he stepped, bleary-eyed onto the stage at 4 a.m. to tell Cypriot savers they would have to help shoulder the cost of saving their country’s banking system. With the single currency close to implosion at several
Ridgefield Releases Results of Coronavirus Impact Survey
RIDGEFIELD, CT — Revenues are down, online sales are up, and most jobs are preserved, according to Ridgefield’s Economic & Community Development Commission. The information came in the form of the released results of the Ridgefield COVID-19 Business Impact Survey. That questionnaire, distributed in June, was designed to gauge how the town’s 600 businesses and
FCA to tell lenders to extend payment freeze on car finance and high-cost credit
New and nearly new cars are displayed for sale on a forecourt of a car dealership. (Matt Cardy/Getty Images) The UK’s Financial Conduct Authority (FCA) on Friday indicated that it will tell rent-to-own firms, car finance providers, and pawnbrokers to keep offering payment freezes to borrowers in financial difficulty in the wake of the coronavirus
No politics, please! Hong Kong finance professionals impose self-censorship after security law
By Sumeet Chatterjee and Scott Murdoch HONG KONG (Reuters) – A year ago, growing anti-government demonstrations in Hong Kong were a hot topic in conversations among bankers, lawyers and other investment professionals in one of the world’s biggest and freest financial hubs. On Thursday, two days after China imposed a controversial new security law on
Warren Buffett’s often surprising business empire is now backed by the Fed
While other billionaires made their fortunes by building just one business, Warren Buffett owns dozens, producing everything from bricks to underwear. A list of the most prominent brands reveals many surprises. And here’s another surprise, which came to light over the weekend: The Federal Reserve now has an investment in Buffett’s massive holding company, Berkshire
South Korea Finance Minister Sees Third Extra Budget as Last
(Bloomberg) — South Korean Finance Minister Hong Nam-ki sees a third extra budget pending approval in parliament as the last for this year and said the economic shock from the coronavirus pandemic may have bottomed. South Korea’s economy can still avoid its first annual contraction in more than two decades if stimulus measures including the
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