The bank said it expected a 1.4% quarter-on-quarter fall in GDP in the first quarter of 2021, leading to the first double-dip recession for the UK since the 1970s

Analysts at Deutsche Bank have said that the UK looks destined for a double-dip recession after Prime Minister Boris Johnson plunged the country into lockdown.

The tough new lockdown in combination with trade disruption from Brexit means “a double-dip recession now looks inevitable,” said the 5 January client note from Deutsche Bank economist Sanjay Raja.

Deutsche Bank says UK double-dip recession ‘inevitable’ on Brexit, lockdown woes

James Booth

Deutsche Bank

Economic Growth/Recession

Economic News

International Relations

Domestic Politics

Economic Performance/Indicators

Political/General News

Politics/International Relations

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Jose Minaya’s big plan for Newton, and DWS boss predicts ‘gigantic’ stablecoin market

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Milbank hires private equity M&A rising star in Germany

https://images.fnlondon.com/im-43406752?size=1.5

Coutts hires ex-JPMorgan banker James Todd as next private client boss

https://images.fnlondon.com/im-95923804?size=1.42

Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

https://images.fnlondon.com/im-14432569?size=1.5

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Some firm leaders have shrugged off deals as unenforceable, while at least one has taken on trade work for the administration with no fanfare.

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Tricks of the trade gain new importance as 401(k) accounts open up to alternative investments.

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The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

Trump Calls on Goldman to Replace Economist Over Tariff Stance

Tech execs are paying tens of thousands to find brilliant dates or select high-IQ embryos. “They want to raise high-performing children.”

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A 23-year-old former OpenAI researcher quickly amassed more than $1.5 billion for a firm he called a “brain trust on AI.” 

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

Exits Lift Carlyle in Second Quarter as Firm Sees Better Market Conditions

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A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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White House Preps Order to Punish Banks That Discriminate Against Conservatives

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Big stock awards have grown much bigger for the chief executives of Palantir and Broadcom, driven by dramatic market gains and, in some cases, complex multipliers.

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Demand is up for private aviation, the luxury that separates the 1% from the 0.1%.

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The hedge-fund founder’s move ends a tumultuous transition at the firm. Also, Brunei’s sovereign-wealth fund now owns almost 20% of the hedge fund.

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire

The largest U.S. crypto exchange’s revenue fell short of Wall Street expectations.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Microsoft joined Nvidia in the $4 trillion market-cap club, while Meta is closing in on the $2 trillion mark.

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Robinhood Second-Quarter Revenue Rose on Transaction Sales Growth

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The shooter who killed four including Blackstone executive and NYPD officer left suicide note indicating he believed he had CTE from brain trauma, Adams says

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