City Moves for 24 March 2015 | Who’s switching jobs March 23, 2015 Baker Tilly The accountancy and business advisory firm has appointed Steve Hopkins as a consultant in its restructuring and recovery practice. He was previously head of corporate insolvency at Barclays Bank, and has over 20 years’ experience in restructuring and insolvency. LCH.Clearnet Frank Soussan has been appointed global head of CDSClear at the clearing house. [...]
City Moves for 17 March 2015 | Who’s switching jobs March 16, 2015 Investec Investec Investment Banking has appointed Serge Rissi as a director in its financial sponsor transaction group. He has 15 years of M&A experience, and most recently worked as a director at Quayle Munro. Rissi has also held roles at UBS Warburg and Hawkpoint. Rathbone Brothers The investment management firm has announced the appointment of [...]
CivilisedBank: There’s another new challenger bank on the scene with imminent UK launch plans March 8, 2015 Another challenger bank has joined the scene alongside a growing number of upstarts trying to unseat the dominant high street banking institutions in the UK. CivilisedBank, a new online-only bank aimed at small and medium-sized businesses, is the latest to reveal its plans and expects to open its doors – albeit virtual ones – later [...]
First Natwest start-up accelerator opening in Birmingham today February 8, 2015 Natwest will open the first of eight business accelerator hubs in Birmingham this morning, housing 80 businesses as part of a programme to support entrepreneurs around the UK. The hub will host a rolling six month programme for start-ups, in partnership with Entrepreneurial Spark, which will include growth awards of up to £50,000 for the [...]
Fifa presidency: How brands can stop the beautiful game turning sour January 31, 2015 That there is something unsavoury at the top of world football would appear to be beyond doubt, it’s just that it seems most people are powerless to do anything about it, and the situation is rapidly falling into farce, with the likes of David Ginola and now Luis Figo threatening to make bids for the [...]
Eyesore or beauty? The 14 postwar office blocks listed by English Heritage January 28, 2015 Whether you're a fan or take an altogether more "Prince Charles" attitude to post-war architecture, office buildings provide some of the finest examples of it. And turns out English Heritage thinks it's worth preserving: the organisation has listed 14 of the UK's best-loved (or most-hated) post-war offices. According to English Heritage, the buildings – which [...]
NatWest website crash: Millions of customers affected as bank hit by another online systems failure January 7, 2015 Millions of NatWest customers were unable to make payments through the bank’s website yesterday, as the system crashed for more than four hours. The failure is the latest in a series for the RBS and NatWest group, which is engaged in an expensive struggle with outdated IT systems. A key cause of this problem is [...]
Who made the FCA’s 2014 naughty list: Which institutions received the biggest fines last year? January 6, 2015 2014 was a busy year for the UK’s financial regulator, the Financial Conduct Authority (FCA), which brought in a record £1,471,431,800 in fines – more than twice the previous record year. However, £1.1 billion of the FCA’s naughty list was made up by just five banks, and these record fines have sparked fears of conduct [...]
City Moves for 05 December 2014 | Who’s switching jobs December 4, 2014 Three Crowns The global arbitration law firm has appointed Carmen Martinez Lopez as a partner in its London office. She joins from Covington & Burling, where she was an arbitration partner. Martinez Lopez has particular expertise in the Latin American and Spanish language markets. Armstrong Investment Managers Christopher Sullivan has been appointed director and head [...]
Bank of England fines RBS over payments crash November 20, 2014 NEGLECTED IT systems could put the safety and soundness of RBS at risk, the Bank of England warned yesterday as it teamed up with the City watchdog to fine the bank £56m. The regulators were investigating a serious payments system crash, which locked millions of customers out of their accounts in mid-2012. It is a [...]