Jenny Surane

⚡️ Scoop: Revolut is hiring a hundred new bank staff, from regulatory reporting analysts to financial risk controllers, as it prepares to become a fully-fledged bank bloomberg.com/news/articles/…

Global banks are expected to cut about 200,000 jobs due to artificial intelligence, according to a new report by Bloomberg Intelligence.  @jennysurane explains which roles could be affected and the new skills in high demand trib.al/uCrgrnh

It shows how some of the big investing platforms are struggling with the complex rules for ISAs. Investors who bought the ineligible stocks may have to sell them or transfer them to another account. They could also face a higher tax bill as any gains won’t qualify for savings.

Great scoop from Aisha here that shows major players like AJ Bell and Fidelity are scrambling to fix an error that allows clients to trade some ineligible stocks within their tax-free accounts here in the UK:

⚡️Monday morning scoop: UK Asset Managers Are Racing to Fix ISA Stock Menu Errors bloomberg.com/news/articles/…

Fake names. Fake jobs. How a London headhunter allegedly lured traders into sharing confidential salary and profit and loss information trib.al/9d5cEZF

Fake names. Fake jobs. How a London headhunter allegedly lured traders into sharing confidential salary and profit and loss information trib.al/YAxQQCF

The Big Take: Even some of Goldman Sachs' most legendary ex-traders are struggling to make inroads at the top end of the hedge fund industry. Story with @WilliamShaw546, @sridinats & @DonalGriffin1 bloomberg.com/news/features/… via @markets

A growing number of Revolut customers are complaining they've been targeted by scammers. The bank says it's trying to strengthen its fight against fraud trib.al/wkl0Iqe

⚡️New: A growing number of Revolut customers are complaining they've been targeted by scammers. The bank says it's trying to strengthen its fight against fraud bloomberg.com/news/features/…

New: As Wamco's star money manager is investigated by the SEC, questions are swirling around Franklin’s hands-off approach to the many firms it has snapped up. Today's Big Take with @sabrush @michaellachlan bloomberg.com/news/articles/…

EXCLUSIVE: Billionaire Dmitry Balyasny's hedge fund is spending more than $200 million in payouts to recruit senior portfolio managers from rivals as the expensive war for trading talent rages. Story with @Burtonkathy & @GillianTan bloomberg.com/news/articles/… via @business

Qatari banks financed everything from stadiums to hotels for the 2022 World Cup. As loan losses rise, the government is trying to figure out what to do about it trib.al/Mw8fp3f

New: UK fund manager Terry Smith is moving his huge car collection, which includes a rare McLaren F1, to Mauritius after a law change exempts it from import duty. W/ @jonny_browning @EamonFarhat bloomberg.com/news/articles/… via @business

⚡️New from me: Revolut has denied thousands of UK customers’ requests to be reimbursed after they were defrauded by scammers bloomberg.com/news/articles/…

Our first dispatch comes from @Adveith and @Njnair and takes you inside sovereign wealth funds and their big bet on semiconductors. Check it out: bloomberg.com/news/newslette…

Our inaugural Mideast Money newsletter is now live -- want to stay up to speed on how sovereign investors and dealmakers are transforming global finance? Subscribe here bloomberg.com/account/newsle…

⚡️Scoop: London-based fintech firm Revolut is readying its financial results well ahead of its deadline, boosting its bid for a UK bank license bloomberg.com/news/articles/…

New with @jennysurane: Artificial intelligence is likely to displace more jobs across the banking industry than in any other sector, according to Citi bloomberg.com/news/articles/…

The Bloomberg Big Take: A look inside hedge fund giants performing a kind of human-resources alchemy: turning the base metal of promising analysts into the gold of portfolio managers who might bring you $50m to $100 m in yearly profit bloomberg.com/news/articles/… via @markets