Bankers quit London as Brexit relocations to EU step up Investment banks are shifting more rainmakers out of London to financial centres across the European Union, accelerating the pace of moves after the pandemic and uncertainty over Britain’s access to the bloc slowed relocations. Morgan Stanley, Barclays, Goldman Sachs (GS.N) are among those moving senior bankers,…
How Covid Has Reshaped Real Estate From New York to Singapore The retreat from major cities has been the pandemic’s big real-estate story — but that doesn’t mean metropolitan house prices have suddenly got cheap. From New York to London to Sydney, ultra-low interest rates and vast government fiscal support have limited distressed sales.…
BNP Paribas beats quarterly expectations as equity trading rebounds France’s BNP Paribas on Friday reported a better-than-expected first-quarter profit, helped by lower provisions for pandemic-related bad loans and a rebound in its equity trading business that the bank aims to expand. The euro zone’s biggest listed lender said net profit rose 37.9% to 1.77…
Investors have put more money into stocks in the last 5 months than the previous 12 years combined. More money has gone into stock-based funds over the past five months than the previous 12 years combined, according to Bank of America. In raw numbers, $569 billion has flowed into global equity funds since November,…
Are We Witnessing the Start of a New Commodities Supercycle? “Governments and private companies are increasingly pledging carbon reduction measures, heightening demand for certain metals.” “A weakened U.S. dollar, zero interest rates and pent-up demand may be contributing to the second supercycle this century.” Commodity super cycles are decade-long periods in which commodities…
Dollar holds advantage on economic optimism, euro looks vulnerable The dollar traded near multi-month highs against most major currencies on Friday, supported by a wave of optimism due to improving US economic data, the rollout of coronavirus vaccines, and rising Treasury yields. The euro was in focus ahead of data on German business sentiment…
Sustainable investment boom sees huge surge in ESG funds With the rising popularity of ESG funds, investors have to be careful not to fall foul of greenwashing. Proposed EU regulations may help them to do just that 2020 was a watershed year for ESG funds. Investment strategies that take environmental, social and corporate governance…
Hedge fund manager Hohn pays himself $479m Pay-out marks one of the biggest ever in the UK after his firm’s profits surge “Christopher Hohn described himself as ‘an unbelievable moneymaker’ in 2014 court testimony during his divorce” Billionaire hedge fund manager Sir Christopher Hohn has paid himself a dividend of $479m, one of the…
Amsterdam ousts London as Europe’s top share trading hub UK’s departure from the EU prompts shift in dealing of stocks and derivatives Amsterdam surpassed London as Europe’s largest share trading centre last month as the Netherlands scooped up business lost by the UK since Brexit. An average €9.2bn shares a day were traded on…
Boomers Are Going to Drive a Silver Surge Companies tend to neglect older generations, focusing instead on millennials and Gen Z. Such a strategy will be costly this year. Companies long to partner with the Kardashians. Over the past couple of years, we have seen beauty leader Coty Inc., for example, strike cosmetics deals with both Kim Kardashian…
