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

Hot hiring market for London lawyers continues into 2022 despite M&A slump

The booming recruitment market for lawyers in London has stayed hot into 2022, despite a slowdown in deal flow and worries about the impact of rising inflation and the war in Ukraine. Data on legal market hiring from recruitment firm Robert Walters and data provider Vacancysoft showed strong demand for legal talent did not slow … Read more

Stock Market Enters the Worst Part of the Year. What Happens Next.

Text size Texans headed to the polls on March 1 to vote in the state’s first primary of the 2022 midterm election season. Montinique Monroe / Getty Images The summer of the stock market’s discontent might have started early, with a negative first quarter that perhaps anticipated the May-to-November stretch that historically is the worst … Read more

London lawyers hit back at ‘dangerous’ criticism of Russia links

Politicians and the press are giving City law firms an unfair kicking over their links with Russia, according to some in the legal profession. Lawyers have been called out in parliament for representing oligarchs in libel cases and acting for Russian clients facing sanctions. The City’s legal industry was blasted in a recent Times leader … Read more

Larry Fink says globalization is over — Here’s what it means for the markets

BlackRock founder Larry Fink declared that the Russia-Ukraine war is bringing the era of globalization to an end, but investors should keep in mind that the global economy and the financial system can not turn on a dime, analysts say. “There is a lot of talk about countries going back to local production and the … Read more

Rivian stock falls nearly 13% after EV maker loses more than $ 2 billion, trims production targets

An earlier version of this report had incorrect quarterly loss figures for Rivian. It has been corrected. Rivian Automotive Inc. lost more than $ 2 billion in the fourth quarter, saying that supply-chain disruptions and other problems continued to plague its assembly line. Rivian RIVN, -6.35% said late Thursday it lost $ 2.46 billion, or … Read more