Barclays boss Jes Staley spills the beans on Dodd-Frank, Brexit and robots February 23, 2017 Barclays boss Jes Staley was in a chatty mood today – perhaps unsurprising given his bank just announced it had nearly tripled its yearly profits. However, it wasn't just bottom lines and capital ratios the banking chief executive spoke about, as he shared his words of wisdom on a slew of other issues weighing on the [...]
It’s official: The UK government is no longer the largest shareholder in Lloyds Bank January 9, 2017 The government is no longer the largest investor in Lloyds Bank, after it reduced its stake to below six per cent for the first time since it was bailed out in the financial crisis. The stake now comprises 5.95 per cent of the FTSE 100 bank. The sale means that over £18bn of taxpayer money [...]
Goldman Sachs is shifting a London hedge fund team to New York February 9, 2017 A Goldman Sachs hedge fund currently based in London is closing its doors and shifting to New York, it has been reported. According to the BBC, eight bankers working in the Goldman Sachs Investment Partners (GSIP) team are affected by the move. It is understood they have either been told their jobs are moving across [...]
Property of the Week: Ingleton Street in Stockwell used to be a garage – now it’s a £750,000 party pad March 17, 2017 Thirsty punters sitting outside the Crown and Anchor on Brixton Road often stop and stare at the building opposite on Ingleton Street. Who can blame them? It looks like someone has attempted to hide an architect’s studio by covering it in doilies. “It’s a self-confessed vanity project,” says Marlon Lloyd Malcolm, director of sales at [...]
HSBC chairman search: Former man from the Pru Mark Tucker will replace Douglas Flint March 12, 2017 Mark Tucker, chief executive and president of AIA and former boss of Prudential, has been confirmed as chairman of HSBC, marking the first time the bank has appointed an external chairman. Tucker will receive an annual fee of £1.5m and a one-time relocation benefit of £300,000 for moving from Hong Kong to London. He will take up [...]
British exporters look to Middle East and Asia-Pacific to avoid Brexit uncertainty January 3, 2017 British exporters are turning their gaze to the Middle East and Asia as they look to avoid economic uncertainty and the uncertain trading relationship with Europe, a new survey says. The Asia-Pacific region in particular is set to be targeted, with an 18 per cent balance of UK businesses expecting exports to increase over the [...]
London is a monument to the benefits of openness and internationalism February 6, 2017 "London is open”. This much-publicised campaign, launched by mayor of London Sadiq Khan and garlanded with column inches and broadcast coverage, is doing a great job of communicating the fact that the world’s greatest city wants nothing to do with the protectionism that seems to be appearing elsewhere in the world. We stand as a [...]
The City could soon get a £5m “ring of steel” to protect it from vehicle-based terror December 24, 2016 A £5m "ring of steel" surrounding London's Square Mile could be installed to protect the City from terrorist attacks. Measures including manned checkpoints, rising steel bollards and crash-proof barricades has been proposed by the City of London Corporation on the advice of Mi5 and counter-terrorism police. The proposed security ring will surround Liverpool Street, the [...]
Editor’s Notes: Lloyd’s has bigger things to worry about than staff nipping out for a drink February 16, 2017 When I started working at a Westminster PR firm eight years ago, I had to learn how to drink at lunch. It wasn’t exactly a hardship. We were a small office (just three people when I joined) and every day we would decamp to the Italian next-door and see off a few bottles of red. [...]
Banker burnout: Boardrooms at banks warned they must do more to address well-being, as over a quarter of staff reveal they think their job is harming their health March 14, 2017 Banking top dogs have been urged to address workers' well-being, after a new report revealed more than a quarter of bank staff believed their job was dragging down their health. The first-of-its-kind survey of over 28,000 banking staff carried out by the Banking Standards Board revealed 26 per cent of workers either agreed or strongly [...]