VTM 12

Cash equity trading teams in London have been shrinking for years, but Citi is bucking that trend with the hiring of three new traders for its stocks division.

The US bank has hired Mark Brodie from BTIG, Jack Clayton from Berenberg and Wale Osikomaiya from Investec, according to people familiar with the matter who spoke on condition of anonymity as the matter is private.

A Citi spokesperson declined to comment. BTIG, Berenberg, Clayton, Osikomaiya and Brodie didn’t immediately respond to a request for comment. Investec also declined to comment on the matter.

03/11/2021

There is a hitch: Carbon credits don’t work as advertised, being frequently fraudulent and ineffective. While BitMEX’s “net zero” pledge is laudable, it’s following a familiar corporate playbook of shuffling deckchairs on a sinking ship.

As I write, more than 130 heads of state and thousands of attendees are gathered in Glasgow, Scotland for a two-week long conference dedicated to averting dangerous climate change.

As of February 2020, nearly a quarter of all Fortune 500 companies had signed pledges to go carbon neutral by 2030. And carbon offsets are a large part of this trend to go “green.” A generic term for a wide range of assets and activities, offsets are essentially promises to reduce environmental degradation in one area to compensate for environmental degradation elsewhere. A company can make a green-sounding pledge to go “carbon neutral” by buying credits from some other company that has polluted less that year.

03/11/2021

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