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A higher pay cheque was cited as the main reason to swap jobs by 42% of respondents to a Financial News survey

Wealth Management Correspondent

City workers are more motivated to switch jobs by higher pay than flexible working, as the cost of living continues to climb and firms shrink headcount.

Remuneration was cited as the top consideration when searching for a new job by 42% of workers across investment banking, asset management, law, accounting, trading, hedge funds and fintech polled by 

City job switchers motivated more by higher salaries than flexible working

Kristen McGachey

Careers

SJP’s rollercoaster year, Evelyn’s takeover: FN’s top wealth management stories of 2024

HSBC names John Shipman interim CEO of Swiss private bank

BlackRock plans more private markets funds for wealthy investors

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

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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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