Raymond James boss Paul Reilly bets big on the UK: ‘I don’t have a cap on the number of hires’

It is June 2016. The UK votes to leave the EU. Reports predict thousands of job losses and a severe decline in the City of London. That’s when bosses at Raymond James began the company’s push into European investment banking. Some questioned whether the US mid-market specialist’s foray into the UK and Europe would last. … Read more

City workers moving jobs see 22% salary bump as competition for talent intensifies

City workers changing jobs in the first quarter of the year have received a typical salary bump of 22% amid a fierce battle for talent across financial services. This is “indicative of the short supply of candidates available within the London financial services markets,” said Hakan Enver, managing director at recruitment firm Morgan McKinley UK. “The … Read more

Jamie Dimon says just 50% of JPMorgan’s employees will work in the office full-time

Only around half of JPMorgan’s 270,000 staff will work from the office full-time, as the US banking giant has overhauled its workforce in the wake of the Covid-19 pandemic. In his sweeping annual shareholder letter, JPMorgan chief executive Jamie Dimon said that “it’s clear that working from home will become more permanent in American business”, … Read more

Is the Housing Market Going to Crash? With Rising Mortgage Rates and Sky-high Home Prices, First-Time Buyers Are Being Locked Out

When Kellie Stofko and her fiancé, Liam McRae, started house hunting last August, it was with the vision of trading their 800-square-foot Atlanta apartment for a roomier home of their own in time for the holidays. Half a year, dozens of home tours, and eight unsuccessful bids later, Stofko, 25, and McRae, 26, have moved … Read more

RMD Age Stands to Rise to 75 as House Passes Secure Act 2.0. Here’s What to Know.

Dreamstime Text size The second major piece of retirement legislation in little more than two years advanced in the House on Tuesday, putting required minimum distributions in line to rise to age 75 over the next decade and increasing the limits on catch-up contributions to retirement accounts for older Americans.  The House of Representatives passed … Read more

Fidelity, HSBC roll out return to office as London firms see ‘faster bounce back’

The UK government’s surprise shift in its pandemic working rules means thousands of workers in London are trickling back into the office. PwC UK, EY, Linklaters and KPMG are among firms dusting off return to work plans after an Omicron-induced hiatus. Asset managers Schroders and Fidelity, as well as banks including Citigroup, HSBC and JPMorgan … Read more