Steve Slater
ifrsteves.bsky.social
Steve Slater
@ifrsteves.bsky.social
Financial reporter for IFR, ex-Reuters. Mostly banking and capital markets.
Long-suffering West Ham fan.
Word of warning: never sign up to Disney+
Spent a couple of hours trying to cancel after kimmel etc. Impossible. Awful. But awfulx10 if you want to cancel!
Mickey Mouse!
September 19, 2025 at 11:37 PM
Reposted by Steve Slater
EXCLUSIVE: Sit down with Defence Sec on Afghan data leak

All but confirms person responsible is still working for HMG
Refuses to say if anyone has been sacked
Says he wouldn’t have taken out super
BUT can’t rule out superinjunction use in future

podcasts.apple.com/gb/podcast/t...
BONUS EPISODE: Exclusive - Defence secretary on the
Podcast Episode · The News Agents · 15/07/2025 · 26m
podcasts.apple.com
July 15, 2025 at 6:41 PM
Reposted by Steve Slater
For 2 years, 2 govts used a secret court to hide the truth: they put 100,000 Afghans at risk of death. They used constitutionally unprecedented methods to prevent reporting.
My reflections on two years on this story and why it must ever happen again.
goodallandgoodluck.substack.com/p/my-two-yea...
My two years in secret court: How UK governments hid a national scandal
The government put 100,000 Afghans at risk of death. Then used the force of law in a constitutionally unprecedented way to prevent anyone finding out.
goodallandgoodluck.substack.com
July 15, 2025 at 12:11 PM
Reposted by Steve Slater
There are stories in politics that stay etched in your mind from the first time you hear them. This is one of them.
Here's @roberthutton.co.uk on the time Gordon Brown met some sushi. Fairly confident this is the funniest thing you'll read all week
Politicians making a meal of it. This week: Gordon Brown’s sushi
“What’s this?”
www.politicshome.com
June 26, 2025 at 2:01 PM
As #NatWest nears full privatisation, UK taxpayer set for £10.4bn loss from a 17-year roller coaster. We crunch the numbers here…

www.ifre.com/people-and-m...
UK taxpayer set for £10.4bn loss on NatWest as full exit nears | IFR
£152 per head: a small price to pay for avoiding banking system collapse
www.ifre.com
April 28, 2025 at 9:38 AM
Reposted by Steve Slater
NEW: FX options markets buckle under tariff strain

Companies pausing FX hedging bc of tariffs is sapping liquidity from the $300bn-a-day FX options markets

Just as demand for options is surging from investors amid a potential sea-change for the US dollar

www.ifre.com/people-and-m...
April 28, 2025 at 8:42 AM
Got to love The London Marathon… first time Greenwich foot tunnel lifts working in about 362 days
April 28, 2025 at 9:33 AM
Q1 results from big 5 US banks are in.
Record revenue for equities trading - up 34% in aggregate
FICC revenue +6%
IBD +4%, with DCM +10%, M&A +7% and ECM -16%

JPM and Morgan Stanley had great Q1 for equities trading and DCM; Goldman weak in M&A
April 15, 2025 at 1:49 PM
Reposted by Steve Slater
Ukraine is Europe!
We stand by Ukraine.

We will step up our support to Ukraine so that they can continue to fight back the agressor.

Today, it became clear that the free world needs a new leader. It’s up to us, Europeans, to take this challenge.
February 28, 2025 at 8:22 PM
Reposted by Steve Slater
In an extraordinary display of public support, heads of state, heads of government, and foreign ministers from all over Europe and Canada are posting in support of Ukraine in response to the Oval Office meeting with Trump, Zelenskyy, and Vance.
February 28, 2025 at 10:26 PM
Reposted by Steve Slater
“Trump was aggressive and confrontational following the Danish prime minister’s comments that the island was not for sale, despite her offer of more co-operation on military bases and mineral exploitation….”

www.ft.com/content/ace0...
Donald Trump in fiery call with Denmark’s prime minister over Greenland
US president insisted he wants to take over Arctic island
www.ft.com
January 24, 2025 at 11:27 PM
Suggest @thetimes.com photo caption writer watches the clip next time…
Areola could have done a lot to stop the cross for Haaland (or stay in goal)
And, er, that’s Kilman not Kudus. The K was a clue, but they look a bit different 😳
January 5, 2025 at 2:15 PM
Both Citi and Morgan Stanley have now announced they are putting regional Mideast hubs in Riyadh.
Here’s our story from friday on the increasing Saudi vs UAE battle for capital markets spoils.

www.ifre.com/story/497178...
November 25, 2024 at 8:57 PM
Reposted by Steve Slater
One of the best pubs in London struggling for survival because planning is stacked in favour of some powerful NIMBYs. Everything that’s wrong with Britain.
November 21, 2024 at 6:45 PM
Great Q3 for big 5 US banks in investment banking. IBD revenues +30% yoy in aggregate. DCM +59%, ECM +27%, M&A +9%
Equities trading +22%
FICC -2%

Standouts - Morgan Stanley IBD (+56%), inc DCM (+120%) and ECM (+53%). Citi in Equities and IBD
Misfires - Goldman in FICC (-12%), BofA in M&A
October 16, 2024 at 1:32 PM
@thetimes.com
Never seem a donut for a player rating - as bad as west ham’s defending was (and mavropanos was worse) 😳
September 22, 2024 at 9:16 PM
I lived in Ohio for four years and have lots of friends there.

I can confirm that none have yet told me their cats or dogs have been eaten by immigrants
September 11, 2024 at 8:35 AM
Here's my piece on why Bank of America is sponsoring World Cup 2026.
It's part of a bigger global push by the bank...

www.ifre.com/story/481769...
Bank of America and football? WC 26 marks bigger global ambitions | IFR
www.ifre.com
September 10, 2024 at 2:59 PM
Reposted by Steve Slater
Amazing chart: in the 90s, almost every Japanese company held its general shareholder meeting on the same day!

They really didn’t want you to attend

Shows how little store was put in corporate governance and the rights/responsibilitires of shareholders

H/t Bojan Tadic from Nomura on LinkedIn
September 5, 2024 at 8:58 AM
Reposted by Steve Slater
The Economist has published a deeply-researched story about car bloat -- and it's very, very damning.

"For every life that the heaviest 1% of SUVs and trucks save, there are more than a dozen lives lost in other vehicles."

Well worth your time: www.economist.com/interactive/...
September 1, 2024 at 3:23 PM
Reposted by Steve Slater
Aug 25 (Reuters) - Ryan Evans, a member of the Reuters team covering the war in Ukraine, was killed and two Reuters journalists were injured in a strike on a hotel in the eastern Ukrainian city of Kramatorsk, the news agency said on Sunday.
Reuters staff hit in strike on hotel in Ukraine's Kramatorsk
A member of the Reuters team covering the war in Ukraine was missing and two others were hospitalised after a strike on a hotel in the eastern Ukrainian city of Kramatorsk.
www.reuters.com
August 25, 2024 at 11:03 PM
OK this is a week old, but figured I should get rolling for my <10 followers.
Q2 was good all round, with UBS and Morgan Stanley probably best of the bunch
Canadian banks' Q3 (May-July) start tomorrow
August 21, 2024 at 10:42 AM