Managers and the research disagree about hybrid work. What is this all about?
‘Leadership is a lot less fulfilling and a lot less fun when you’re doing it remotely’
JP Morgan Chase
China is tradable, but is it investable?
For China to become a portfolio investment, more of its economic growth must start accruing to equity investors
European Commission queried Hogan’s consultancy work with further clients
European Commission ethics panel reviewed Phil Hogan’s plan to advise tech privacy organisation
JP Morgan notches record profit while Citigroup expenses surge
Firm is one of the first big US banks to report this earnings season
European shares nudge lower on Friday but hang onto weekly gain
Carlsberg Group dropped 9.3% after Britvic rejected a revised, unsolicited €3.7 billion takeover bid from the brewer
Avolon raises $750m in new debt deal amid strong demand for aircraft
Aircraft lessor has raised $3.4bn this year from a variety of sources
French political uncertainty weighs on stocks as banks take hit
Iseq index shed 1.5% as investors took a risk-off approach
Norway’s oil fund to vote against ExxonMobil in clash over shareholder rights
Sovereign wealth fund to oppose re-election of energy company’s lead director
Will AI replace stock market analysts?
An AI model can process huge amounts of data in a fraction of the time and cost it would take a human analyst
National Lottery plans to move its HQ to new location
Funeral for legendary actors’ agent; CRH chief’s home renovations troubles; Phil Hogan joins Irish lobbying register; a financial blow for the IRFU, and a tough job at RTÉ
The E in Environmental, Social and Governance is fast becoming a dead letter
Wall Street giants and oil majors continue to roll back support for climate action
Could scrambling the weather or sucking carbon out of the air help solve the climate crisis?
Technological solutions could be transformative in containing global temperatures and saving civilisation. But getting it wrong could exacerbate the crisis
Grantham’s US stock market warning is alarmist
AI bubble a worry but stock valuations not as high as they would appear
Are things going backwards for women on Wall Street?
Those with the chops to make it to senior management in banking may not want to sit around and wait their turn
HSBC profits plummet 80% after charge on Chinese bank stake
Shares slide as lender takes several charges in ‘messy’ final quarter of 2023
Bad property debt exceeds reserves at largest US banks
Loan loss provisions have thinned even as regulators highlight risks in commercial real estate market
Goldman Sachs hikes CEO David Solomon’s pay 24% despite weaker profits
Remuneration of $31m comes after boss pared back bank’s lossmaking push into retail banking
Not all of Davos partook in ‘worried about Trump 2.0’ vibe, head of JP Morgan appeared to be full of praise for him
Despite the cynicism, Davos remains the biggest meeting of business and politics anywhere in the world
New bitcoin ETFs excite crypto bulls
US regulator’s approval seen as victory for industry despite warnings about ‘myriad risks’
Mixed day of stock market trading as investors weigh inflation data against US bank earning reports
Euronext Dublin was flat as the week drew to a close but other European markets gained
JPMorgan reports record annual profits on interest rate windfall
Biggest US bank forecasts earnings from lending will continue to grow even if Fed starts cutting rates
Surge in bad debts strike a sour note at top US banks
Earnings are expected to have shrunk in last quarter of 2023 due to unpaid debts and impact of high interest rates
Some 60,000 jobs shed by world’s biggest banks in one of worst years for cuts since financial crisis
Collectively, the big Wall Street banks cut at least 30,000 staff in 2023 with more cuts expected next year
How is blockchain changing financial services?
Secure-transaction technology has yet to make significant inroads into traditional banking sector
‘Extreme concentration’ poses risks for US indices
Investors can look outside the US where markets generally feature lower concentration and greater sector diversification
Are investors complacent about war risks?
Wall Street’s fear index is showing little sign of overt concern about events in Middle East and Ukraine
Goldman Sachs profits drop 36% after pullback from retail banking
Lender suffers eighth straight quarter of falling earnings but records first rise in investment banking revenue for 2 years
Ex-Barclays chief Jes Staley banned for misleading watchdog over Epstein
Decision could cost banker €22.7m as lender says former boss must now forfeit £17.8m in deferred pay and bonuses on top of £1.8m fine by regulator
US political dysfunction weighs on investor minds
Fear that congressional wrangling could result in negative economic implications
Birkenstock files to list shares on New York Stock Exchange
IPO could value German sandal-maker at more than $8bn
Markets a sea of green as US inflation cools
Latest consumer price data boosts hopes that the Fed could end rate hikes soon
One in four stocks still down over 75%
Historically, the odds of a catastrophic loss - a 70% decline that is not recovered - are much greater than casual investors might think
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