Credit Suisse moves forward with six-figure junior banker salaries August 27, 2021 Credit Suisse has hiked salaries for first year analysts to $100,000 following other big banks increasing pay for juniors. The Wall Street bank has become the last major investment bank to offer six-figure entry level salaries to bankers. Analysts within Credit Suisse’s investment banking and capital markets unit were reportedly told the bank would pay [...]
Oxford-AstraZeneca vaccine creator to make keynote speech at UK’s Global Investment Summit October 11, 2021 The UK’s pharmaceutical industry is set to take top billing at the UK’s Global Investment Summit next week, with GlaxoSmithKline’s chief executive and one of the creator’s of the Oxford-AstraZeneca vaccine to deliver keynote speeches. GSK chief Dame Emma Walmsley and Oxford University vaccinologist Sarah Gilbert will be alongside World Trade Organisation (WTO) director-general Dr [...]
Michel Barnier and Stephen Barclay have ‘constructive’ meeting on Brexit October 11, 2019 The EU’s chief negotiator Michel Barnier and UK Brexit secretary Stephen Barclay had a “constructive” meeting on Brexit today, an EU Commission spokesperson said. “We are working towards a deal,” said the spokeswoman, Mina Andreeva. “If there is a will, there is a way.” Barnier told assembled reporters that Brexit negotiations were like mountaineering. “Brexit [...]
UK banks provided over $50bn in financing for coal-exposed firms from 2018 to 2020 May 4, 2021 The UK’s biggest banks provided $56bn worth of financing for firms involved in the coal industry between 2018 and 2020, new research today has found. Of the top five banks exposed to the sector, Barclays provided by far the most financing to firms on the Global Coal Exit list, with $27bn. HSBC and Standard Chartered [...]
Barclay brothers mull £800m sale of The Ritz Hotel October 10, 2019 David and Frederick Barclay, the billionaire brothers that own The Ritz, are reportedly mulling an £800m sale of the five-star Mayfair hotel. The twin brothers, who also own The Telegraph newspaper and Spectator magazine, bought the Grade-II listed building for £75m in 1995. Read more: Profits plunge at Barclay brothers’ Ritz hotel Richard Faber, Frederick [...]
Quilter boss: Why Westminster needs to keep its ‘tinkering’ hands off the City May 2, 2024 Every week, Charlie Conchie sits down with the biggest movers and shakers in financial services. This week it’s Steven Levin, chief executive of wealth manager Quilter
Extinction Rebellion activists smash windows at HSBC in Canary Wharf April 22, 2021 Extinction Rebellion shattered over a dozen windows at HSBC’s headquarters in Canary Wharf as the group stages a climate change protest against the bank’s investment policies. Activists from the Extinction Rebellion group used hammers to break windows and pasted stickers on walls and windows before sitting down to wait for the police to arrive, according to [...]
Cinch and Cazoo zoom into top tier of sports sponsors January 27, 2022 Online car marketplaces Cinch and Cazoo, takeaway service Just Eat and social media platform Tik Tok were the biggest entrants to sports sponsorship in the UK last year, according to a new report. The four brands were the only new entrants in consultancy Onside’s Top 10 Most Appealing UK Sports Sponsors, which is published today. [...]
Why the Bank of England and Fed could welcome Credit Suisse and Silicon Valley Bank failures March 28, 2023 There’s been reams and reams of wild predictions about whether we’re slipping into another financial crisis, triggered by the collapse of US tech lender Silicon Valley Bank (SVB) and Credit Suisse’s arranged marriage with its crosstown rival UBS. Blackrock chief Larry Fink even warned in his annual letter to shareholders we’re slipping into a slow [...]
Brexit negotiations ‘moving forward with momentum’, says Barclay September 21, 2019 Brexit Secretary Stephen Barclay insists the UK and EU are “moving forward with momentum” toward a Brexit deal after meeting chief negotiator Michel Barnier in Brussels on Friday. Barclay said the two sides shared a “common purpose” in trying to reach a new agreement and that he had held “serious, detailed discussion” with his counterpart. [...]