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Shares of Wirecard fell 16% in Frankfurt after Singapore police searched the German payments company’s offices in the city-state as part of an investigation into potential accounting irregularities. → Read More
Brexit is taking its toll on the once-booming London real-estate market. One of the world’s most popular property markets is in reverse and some agents warn it faces a bleak future. → Read More
Shares in GAM Holding fell nearly 30% as the crisis-hit Swiss money manager forecast a huge loss, scrapped its dividend and unveiled job losses. → Read More
Alexander Friedman has left GAM after a turbulent three months during which the Swiss money manager’s share price plummeted and investors yanked billions from its funds following the suspension of a star fund manager. → Read More
The turmoil surrounding GAM Holding deepened as the Swiss money manager said investors pulled more than 20% of assets from its funds following the suspension of a star bond manager this summer. → Read More
London’s landmark fintech IPO—Funding Circle–flopped, with shares trading sharply below their offer price, in a test of investor appetite for the sector. → Read More
Many American investors are souring on U.K. property, but those still interested are increasingly bypassing London for the British hinterlands. → Read More
A banking and finance trade body said the City’s ability to attract talent was at risk from proposed tougher entry rules after Brexit. → Read More
The head of the U.K.’s financial regulator questioned whether financial firms need to relocate from the City to maintain access to the EU’s financial markets. → Read More
The U.K.’s Financial Conduct Authority issued a damning verdict on the country’s $7 trillion asset-management industry, criticizing weak price competition and bumper profits. → Read More
Good morning from the WSJ City desks in London. WSJ City is the app that delivers fast, smart news on mobile for London. Download for iPhone or Android. Here’s essential reading on today’s developments. MUST READS FROM WSJ CITY Shares in British Airways parent company IAG fell more than 4% in early trading on Tuesday, after the airline endured a […] → Read More
One of Europe’s largest crowd-funding platforms has set up secondary market on which investors can trade stakes. → Read More
London’s expansion as a financial center could “stall” and banks may need to consider moving staff out of the city because of Brexit, the chief executive of Goldman Sachs has warned. → Read More
Good morning from the WSJ City desks in London. WSJ City is the app that delivers fast, smart news on mobile for London. Download for iPhone or Android. Here’s essential reading on today’s developments. MUST READS FROM WSJ CITY Post Holdings has finalised a deal to acquire Weetabix Food, maker of the iconic UK breakfast brand, in a deal that […] → Read More
Two former Barclays employees have been acquitted of conspiracy to defraud in relation to the manipulation of Libor interest rates after a retrial in London. → Read More
Good morning from the WSJ City desks in London. WSJ City is the app that delivers fast, smart news on mobile for London. Download for iPhone or Android. Here’s essential reading on today’s developments. MUST READS FROM WSJ CITY Money managers are rushing in and out of bullish gold trades at a pace unseen since the final weeks before the […] → Read More
Good morning from the WSJ City desks in London. WSJ City is the app that delivers fast, smart news on mobile for London. Download for iPhone or Android. Here’s essential reading on today’s developments. MUST READS FROM WSJ CITY A global shortage of dollars that distorted the money markets for the past two years is easing, even as the Federal […] → Read More
Good morning from the WSJ City desks in London. WSJ City is the app that delivers fast, smart news on mobile for London. Download for iPhone or Android. Here’s essential reading on today’s developments. MUST READS FROM WSJ CITY Optimism among large UK corporates has risen to an 18 month high as the effects of Brexit uncertainty eases, according to […] → Read More
Good morning from London. Here’s essential reading today from WSJ City, the app that delivers fast, smart news for mobile and for London. Download for iPhone or Android MUST READS FROM WSJ CITY The UK government will publish the Great Repeal Bill white paper later Thursday, a day after Britain formally set Brexit in motion. The legislation transfers all […] → Read More
Good morning from London. Here’s essential reading today from WSJ City. WSJ City is the app that delivers fast, smart news for mobile and for London. Be the first with high-value stories. Just download for iPhone or Android on your mobile and let us keep you in the loop from 6am. Please tell your friends and colleagues that they can sign […] → Read More