Bank of America has its eye on Ireland for a post-Brexit base, as the country urges others not to engage in a red tape race to the bottom March 14, 2017 A senior executive from Bank of America has revealed today it is considering making Dublin its main EU base if the UK cannot hold onto certain rights, such as passporting, post-Brexit. The announcement came the same day the country's officials pleaded with other nations not to take part in a red tape bonfire following the UK's departure [...]
XL Group secures takeover of Lloyd’s of London insurer Catlin January 9, 2015 US insurer XL Group has secured its acquisition of Lloyd's of London insurer Catlin, making it one of the world's largest ten insurers. XL said it had agreed to pay 388p in cash for each Catlin share and its remaining stock in the £2.7bn deal. The Bermuda-based insurer's shareholders will own about 13 per cent [...]
Focus On Kensal Rise: This north west London town ticks all the boxes for a place that’s due a price rise March 10, 2017 How can you tell if a place is about to get seriously popular? Well, there are a few signs that you can look out for; plenty of Victorian architecture; well-to-do neighbours; improving schools; green space; and a sudden proliferation of independent shops and restaurants. Kensal Rise in north west London ticks all of these boxes [...]
City Moves for 7 March 2017 – who’s switching jobs? March 7, 2017 Today's City Moves cover corporate broking, risk and insurance advisory and corporate advisory. Take a look at these movers and shakers: Peel Hunt Peel Hunt, the independent corporate broking, advisory and trading house focused on UK mid and small caps, has appointed Damindu Jayaweera to the role of Technology Analyst, effective immediately. Damindu joins from [...]
A bird’s eye view of the Elizabeth Line stations taking shape January 27, 2017 The Crossrail rail project has released a batch of new images to give us a bird's eye view of how the new Elizabeth Line stations are shaping up. There are 10 new stations being built across the capital and in the tunnels, over three-quarters of the permanent track has been laid. Simon Wright, Crossrail programme director, [...]
Job openings in financial services just jumped February 13, 2017 If you're thinking about changing jobs, now may be the time to pounce, after new figures found the number of openings in the financial services sector almost doubled in January. Morgan McKinley's London Employment Monitor found the number of openings in the sector rose to 9,015 in January, up 81 per cent from the 4,980 [...]
House prices are already shooting up along the Elizabeth line December 5, 2016 Property prices along the much-anticipated Elizabeth line – formerly known as Crossrail – are already shooting up. Average house prices near the stations along the route have up gone up by 22 per cent over the last two years, according to research by Lloyds Bank, even though the line won't be fully-functioning until the end [...]
Leadenhall Street stabbing leaves man critically injured in hospital December 6, 2015 Four men have been arrested in connection with a stabbing at the centre of the Square Mile which left a man critically injured in hospital. The incident took place in the early hours of Sunday morning on Leadenhall Street near the Lloyds of London building. A City of London police spokesman told the Evening Standard: “He is currently in [...]
Hiscox to scale back Lloyd’s operations after revealing that rates are under “severe pressure” November 7, 2016 One of the best known Lloyd's insurers today revealed a strategic pivot, saying its London market operations will "shrink materially" next year. Hiscox, whose Lloyd's footprint can be traced back over 70 years, said it can't generate enough profit when underwriting aviation, marine and energy and US large property policies in particular. Chief exec Bronek Masojada said that [...]
Dodd-Frank reform could force UK to loosen financial services regulations February 5, 2017 The UK and the rest of Europe could come under pressure to loosen financial services regulations, analysts have said, after the President of the United States last week set in motion his plans to scale back rules across the pond. Donald Trump signed an executive order for the 2010 Dodd-Frank financial regulations to be reviewed on [...]