BlackRock exec’s warning: ‘Game over’ for fund manager pay rises

Fund management professionals have been warned that soaring pay and bonuses prompted by an escalating war for talent could soon come to an abrupt end. “The war for talent is real, but some of the pricing that people have been banding around for talent is about to change in a meaningful way,” said Edwin Conway, … Read more

Hector Sants: City workers aren’t immune from money troubles

Sir Hector Sants was chief executive of the Financial Services Authority and head of compliance at Barclays. He is currently chair of the Money and Pensions Service. Over the past decade, the financial services community has made huge strides in bringing conversations about mental wellbeing to the forefront. But there is still a way to … Read more

Larry Summers was the first to sound the alarm on inflation. More economists are applying his methods

Graham Allison is the Douglas Dillon professor of government at Harvard University Is the US economy headed for a hard landing? US Federal Reserve chair Jerome Powell says no. At the Federal Open Market Committee’s 4 May press conference, he insisted that the Fed will manage a “softish” landing. To the contrary, former Treasury Secretary … Read more

Rivian’s Great EV Expectations Meet the Harsh Reality of Manufacturing

To Rivian Automotive Inc.’s factory in Normal, Ill., Life is anything but. Car factories around the world routinely churn out models around the clock. About eight months after production on Rivian’s electric trucks started, executives recently marked a milestone in uninterrupted work days: The company’s plant ran at full speed for an entire 10-hour work … Read more

Hedge fund boss Ken Griffin says LME was ‘incomprehensibly wrong’ to wipe $ 4bn in nickel trades

Kenneth Griffin, chief executive and founder of hedge fund Citadel, is the latest finance giant to criticize the London Metal Exchange after a March spike in nickel prices led the trading platform to cancel almost $ 4bn in trades. “That was one of the worst days in my professional career in terms of watching the … Read more

FCA branded ‘not fit for purpose’ as protesters march for better regulation

A crowd of roughly 75 protesters branded the Financial Conduct Authority “not fit for purpose” as they began a march from the Royal Courts of Justice on 24 May. There is “chronic and catastrophic regulatory failure in the UK”, Andy Agathangelou, founder of campaign group the Transparency Taskforce, told the Rally For Better Financial Regulation. … Read more