City finance jobs tumble after Brexit vote September 23, 2016 Job openings in the City dried up over the summer as finance firms put hiring on hold while they assess the damage of the UK's vote to leave the EU, according to new research. The number of advertised vacancies in financial services dropped by 13.6 per cent in the capital in July and August, according [...]
Former Lloyds head was aware HBOS could be nationalised but denies government pressured for a takeover November 6, 2017 Lloyds TSB’s former chief executive Eric Daniels took to the witness stand to deny that the bank had been pressured to take over HBOS at the height of the financial crisis. Daniels is the most senior executive to take to the witness stand, in an ongoing £550m trial which has seen around 6,000 shareholders attempt [...]
Lloyd’s chair John Nelson has issued a warning to Theresa May, demanding a cohesive government approach to Brexit September 5, 2016 The chairman of Lloyd's of London has issued a warning to Theresa May over Brexit, demanding a cohesive government approach. Speaking at the Lloyd's City Dinner tonight, John Nelson said: "If we are not able to access the single market, either through passporting rights or other means, the inevitable consequences for Lloyd's – and indeed other [...]
All but five EU members have more jobs linked to UK trade than vice versa September 23, 2016 All but five EU countries have more jobs dependent on British trade than vice versa, according to new figures. An analysis into the jobs market of the Eurozone has found that 22 of the 27 have more individual jobs at stake than the UK ahead of the activation of Article 50. What's more, every single [...]
Last Week in the City: Trade fears re-emerge August 3, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (30 July to 3 August 2018). Interest rates were raised in the UK for the second time since the financial crisis, but the move was widely expected. The earnings season continued. Growth in all regions was [...]
Fraudsters hit Brits with a financial scam every 15 seconds September 20, 2016 The UK suffered an incident of financial fraud ever 15 seconds in the first six months of the year, as the rise of scams to obtain passwords, bank details and cash shows no sign of abating. Financial Fraud Action UK (FFA) found more than one million separate accounts of people handing over personal details between January [...]
Theresa May has axed an advisory panel of some of Britain’s top bosses September 22, 2016 Theresa May has axed an advisory panel established by her predecessor to generate feedback from some of the UK's top bosses. May has scrapped the Business Advisory Group launched by David Cameron in July 2015. The news – first revealed by Sky News – comes just over a year after Cameron launched the group in the [...]
Clifford Chance breaks ranks with magic circle to include partners in its gender pay gap figures March 27, 2018 Clifford Chance has included its partner pay in its gender pay gap report, the first magic circle law firm to do so. The firm revealed today that it had a mean hourly pay gap of 66.3 per cent, falling to 27.3 per cent in its partnership ranks, 27.7 per cent among its business services staff [...]
Brexit transition deal needed “urgently” to avoid cliff edge warns European banks group January 22, 2018 Politicians on both sides of the Channel must “urgently” agree a Brexit transition deal to avoid a legal and regulatory cliff edge which would cause chaos for firms and threaten financial stability, according to a lobby group for Europe’s biggest banks. The Association for Financial Markets in Europe (Afme), which counts JP Morgan, Lloyds, and [...]
HSBC, JP Morgan and American Express back cyber startup Menlo Security in $40m series C | City A.M. December 11, 2017 A cyber security startup has won backing from several top financial institutions amid the growing threat of hacking and data breaches. HSBC, JP Morgan and American Express’s venture arm are among investors in a $40m series C funding round for Menlo Security, a Silicon Valley startup which provides protection against malware. Ericsson Ventures also participated, [...]