Banks prepare for deepest job cuts since the financial crisis – Financial Times

Banks are gearing up for the biggest round of job cuts since the global financial crisis, as executives come under pressure to slash costs following a collapse in investment banking revenues. The lay-offs — which are expected to be in the tens of thousands across the sector — reverse the mass hirings banks made over […]

Crypto Analysts Warn Against Shorting DYDX Ahead of $200M Token Unlock – Yahoo Finance

Perpetuals-focused decentralized exchange dYdx is set to unlock 150 million or about $200 million worth of its native token, DYDX, on Feb. 2, which could be a potential shorting opportunity for traders. The supply release, however, isn’t necessarily bearish, some analysts said, cautioning against making short bets in the derivative market tied to the cryptocurrency. […]

Euronext to switch derivatives clearing to Italy in 2024 – Financial Times

Euronext has agreed a deal to move part of its clearing business from a subsidiary of the London Stock Exchange Group, reducing its reliance on its British rival in a controversial area of Europe’s capital markets. Euronext, the biggest operator of stock markets in Europe, has agreed a €36mn termination fee with LSEG that ends […]

What economists get wrong about personal finance – Financial Times

In my defence, I didn’t get into financial trouble immediately after finishing my master’s degree in economics. It took months. I had a decently paid graduate job and was living within my means, so how did it happen? Simple: I had “cleverly” put all my savings in a 90-day notice account to maximise the interest […]

New business makes derivatives trading easy – Ponte Vedra Recorder

By Shaun Ryan For businesses that are not mega-corporations, a fluctuating marketplace can be a source of great suspense. That’s because an unpredictable downturn in price can prove devastating, especially in manufacturing or in agriculture, where crops must be planted far in advance of any reliable financial forecast. But there is an answer: derivatives trading. […]

U.S. finance faces ESG backlash, with more to come in 2023 – Yahoo Finance

By Ross Kerber, Isla Binnie and Simon Jessop BOSTON (Reuters) – A movement by financial firms and activists to challenge companies over their efforts on climate change and social inequality faced organised and growing push-back in 2022, led by Republican U.S. politicians. Focusing on environmental, social or governance-related issues, ESG in industry parlance, could hit […]

Ether bounces above $1.2K, but derivatives metrics show traders fear a collapse – Cointelegraph

Ether (ETH) gained 5.6% on Dec. 20 after testing the $1,150 support the previous day. Still, a bearish trend prevails, forming a three-week-long descending channel, a price action attributed to expectations of further U.S. Federal Reserve interest rate hikes. Ether/USD price index, 12-hour. Source: TradingView Jim Bianco, head of institutional research firm Bianco Research, said […]