2021 has seen a huge tie in of key areas including our biggest foe – COVID-19 and one of the most current trending terms, Net-Zero. Of course, with most of us obeying the rules of lockdown, there has been a huge online presence for retail and of course, NFTs. Unfortunately, some of my most compelling
In any M&A sales process, the seller’s counsel will negotiate a non-disclosure agreement (NDA) with potential buyers and their legal counsel. The one-way NDA that each buyer executes protects the seller’s confidential information. There could be 30, 40, 50 or more potential buyers in a highly competitive M&A sales process, which means an NDA for
Deutsche Bank on Wednesday posted a pre-tax profit of €908 million for the first three months of 2020 – its best quarterly performance in seven years, and a notable increase on its profit of just €66 million for the same period in 2020. Profits rose across all of the bank’s core divisions, though its investment
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UBS reported on Tuesday a net income of $1.8 billion for the first quarter, revealing that it had taken a considerable hit to earnings from the collapse of Archegos Capital Management. The Swiss bank said that it had taken a $774 million hit to revenue as a result of Archegos’s default earlier in the quarter.
Suppose you wrote a check to a material supplier last week, and unfortunately, the accountant was out sick that day. Meanwhile, you forgot about the check, using your business checking account to make your everyday transactions. The check clears weeks later, and now you are hit with a hefty fee. With overdraft protection, you could
The UK economy is predicted to grow at the fastest rate since the second world war this year, according to a widely cited economic forecaster. The EY Item Club has upgraded its forecast for GDP growth during 2021 from 5% to 6.8%, which would mark the fastest annual growth since 1941. This comes in the
Credit Suisse on Thursday reported a net loss of 252 million Swiss francs ($275 million) for the first quarter following the implosion of US-based hedge fund Archegos Capital. The bank reported that the loss reflected a “significant charge with respect to the US-based hedge fund matter in 1Q21 (first quarter), offsetting positive performance across wealth
The FTSE 100 rose on Wednesday, rallying after a mass sell-off led to a 2% fall in the previous session. The index rose 0.6%, lifted by oil giants BP Plc’s and Royal Dutch Shell’s respective gains of 2.0% and 1.7%. The surge followed a report from Azerbaijan’s energy ministry said BP’s oil output reached 5.9
UK banks and insurers have shifted thousands of jobs and over £1 trillion in combined assets out of the UK and into European Union hubs due to the impact of Brexit, a new study has confirmed. According to research from think tank New Financial, more than 440 firms in the UK banking and financial services
Bitcoin and Ethereum fell during Tuesday trading, extending a price decline that began last week, while joke cryptocurrency Dogecoin rallied further after a record surge. Bitcoin was down 4.6% by 9.20 AM in London, while Ethereum was down around 5.3%. The world’s two most highly valued cryptocurrencies were trading at $54,763.19 and $2,134.70 respectively. Meanwhile,
