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Ex-HSBC executive and ex-Freshfields lawyer Afolami takes City brief in reshuffle

Professional Services Correspondent

Online Editor

Bim Afolami has been appointed City minister in Prime Minister Rishi Sunak’s cabinet reshuffle.

Afolami was named economic secretary to the Treasury — which carries the City brief — 

Bim Afolami appointed as City minister in Rishi Sunak’s reshuffle

James Booth

Justin Cash

HSBC

Asia

Europe

United Kingdom

Abrdn names tech chief for investments unit in latest appointment under Jason Windsor

Private markets in 2025 and Woodford’s claim he was ‘not in control’ over fund closure

Neil Woodford defiant over fund collapse: ‘I don’t think there’s anything I could have done’

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Alain Courbebaisse will take on role in the new year

Simpson Thacher hires Sidley Austin finance duo in London

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Leveraged finance lawyers are in high demand in London

Trading Places: EY names UK financial services head, BofA promotes 387 MDs

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Find out who is on the move in the City and beyond this week

The Fed’s signal that it will cut rates less than expected complicates efforts by other central banks to manage their economies.

Bank of England Keeps Rates Steady After Fed Move

Palliser Capital doubled down on its call for a review of Rio Tinto’s dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.

Activist Investor Widens Call for Review of Rio Tinto’s Dual-Listing

Activist Investor Palliser Capital Widens Call for Review of Rio Tinto’s Dual-Listing Status

In a 12-hour social-media barrage, the world’s richest man led a rebellion against a bill aimed at keeping the government funded.

Musk Draws First Blood With Spending Bill Bombshell 

Aides kept meetings short and controlled access, top advisers acted as go-betweens and public interactions became more scripted. The administration denied Biden has declined.

By Annie Linskey, Rebecca Ballhaus, Emily Glazer and Siobhan Hughes

How the White House Functioned With a Diminished Biden in Charge

Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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cBgYSKJT7AHGPKtHz4Au/AlJlGQBupmye6uXIheaiw7KnDy0CSsydO3kaTU4fMvNVOZBvhqVJN60u5SOqggqL+Ah2b4232dC0uOeeYmMxvAz0tgfZ4fCpJ58g+s+oe5gdmyNSjka4IhTXJzGwZldO88WvffGVdVD6vihfIipYOalMElwesiW

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