Kalyeena Makortoff
Banking Correspondent at The Guardian
Banking correspondent at the @Guardian. Tips to [email protected] Previously @PA, @CNBC. Canadian transplant. Views my own.
Articles
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2 days ago |
theguardian.com | Kalyeena Makortoff
The bosses of 17 of the UK’s biggest pension funds have struck a deal with the government that it claims will release up to £50bn worth of investments, with at least half earmarked for British assets including clean energy projects and homegrown startups.
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5 days ago |
theguardian.com | Kalyeena Makortoff
Metro Bank is at risk of a shareholder backlash, after two influential shareholder advisers warned over a complex bonus scheme that could hand chief executive Daniel Frumkin a £60m windfall. ISS and Glass Lewis – both prominent proxy advisory services that suggest how shareholders should vote on company policies at annual meetings – are concerned that the new long-term bonus will be linked to the bank’s share price, which may climb regardless of how well bosses run the lender.
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2 weeks ago |
theguardian.com | Kalyeena Makortoff
UK banks’ earnings reports will be studied this week for signs of turmoil linked to Donald Trump’s tariff drama, with uncertainty over global growth likely to weigh on lenders with heavy exposure to China, including HSBC. First-quarter profits only reflect the January-to-March period that preceded the US president’s “liberation day” tariff announcements on 2 April.
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2 weeks ago |
theguardian.com | Kalyeena Makortoff
The World Economic Forum has launched an investigation into its founder, Klaus Schwab, after whistleblowers reportedly accused him of manipulating research, using company funds to pay for private massages, and asking junior staff to withdraw thousands of dollars on his behalf.
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2 weeks ago |
theguardian.com | Kalyeena Makortoff
Revolut has been tracking staff behaviour, granting or docking points on an internal “Karma” system that is feeding into the UK bank’s decisions on bonus payouts. The practice was detailed in Revolut’s annual report, which showed that profits had more than doubled last year, jumping 148% to £1bn in 2024. That increase was due to a rise in subscriptions, and revenues from its wealth and crypto trading divisions.
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I will be joining my colleagues at the Guardian and Observer who are on strike for 48 hours over the sale of the Observer. I will be back at work on Friday. For more information please follow @GoNUJ93 and @NUJofficial or visit https://t.co/TtBhC4cmap
Exclusive: Women who gave private evidence to parliament's Sexism in the City inquiry share their stories of discrimination and bullying with the Guardian 'No matter how hard I work, they will never ever recognise me’ https://t.co/kh9UiSbC3l
One of the hardest and most personal things I’ve ever had to write: Canada’s apology came too late for my Doukhobor grandfather, who was stolen, abused and thrown into a residential school at 8 years old https://t.co/rWcVP3TKQX
