Category: Financial sector

US tech stock rout: is the AI bubble bursting?

After Thursday’s share price plunge on Wall Street, could the volatility be the start of a huge market meltdown?Business live – latest updatesGlobal financial markets have been thrown into a tailspin as investors bet on an AI...

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John Healey faces questions over budget leak that moved bank share prices

Treasury select committee asks FCA to investigate whether tax surcharge leak led to ‘improper release of inside information’John Healey is facing pressure to clarify whether he permitted a market-sensitive budget leak ahead of...

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JP Morgan boss Jamie Dimon meets UK PM and chancellor to warn against bank tax hike

Wall Street billionaire tells Andy Burnham and John Healey ahead of October budget that hike could put investment at risk, it is understoodJamie Dimon, the chief executive of the largest US bank, JP Morgan, is understood to have...

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UK asks banks for feelgood stories about keeping out dirty money

City firms tapped for case studies to try to convince global watchdog that London has cleaned up its actThe government is asking bankers and lawyers to provide feelgood stories about how they blocked dirty money from entering...

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JP Morgan boss Jamie Dimon warns UK chancellor not to hike taxes on banks

Billionaire CEO of world’s biggest bank says any windfall tax on sector’s bumper profits could harm jobs in the CityJamie Dimon, the boss of the US bank JP Morgan, has urged John Healey not to use his first budget as chancellor...

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Safe from AI: which jobs will help you thrive in the future?

Experts say there will still be opportunities ahead in everything from teaching to hotels and the lawEntering the world of work often brings some uncertainty, but now there is another question: how can I AI-proof my career?We...

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Reeves to launch City ‘skills compact’ committing firms to retrain staff in AI

Exclusive: Plan to improve skills of thousands of financial sector workers to keep pace with tech revolutionChancellor Rachel Reeves is to announce a new City “skills compact” that will commit firms such as Barclays and Lloyds...

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