City Moves for 30 November 2016 | Who’s switching jobs November 30, 2016 Close Brothers Asset Management Close Brothers Asset Management (CBAM) has strengthened its financial education corporate relationship team, making key appointments in senior positions. Mike Hardy (pictured) has been appointed as director of strategic partnerships having over 15 years’ experience in this area with senior positions at three FTSE companies; HSBC, Aviva and Lloyds Bank. His role [...]
It ain’t IPO-ver till the fat man sings: Companies prepare to brave London’s stormy flotation market October 30, 2016 A medical equipment maker, price comparison website and a kitchen products business are preparing to brave London’s flotation market this week amid stormy conditions. Despite numerous initial public offering (IPO) plans being pulled this month, Convatec is due to list on the London Stock Exchange (LSE) at 8am on Monday. It will mark the UK’s biggest float [...]
These are 2016’s top 100 influential leaders in fintech (part 1 of 4) December 7, 2016 It is no secret that the financial services industry continues to be transformed by the digital revolution. According to PWC, roughly 20% of financial services business is at risk of disruption to fintech companies by 2020. It follows that investment into the sector continues to rise. In 2015, funding of fintech businesses more than doubled [...]
Bank of England governor Mark Carney warns of financial risk posed by climate change September 29, 2015 Bank of England (BoE) governor Mark Carney has warned the City of climate change's threat to economic stability. Read more: Tackling climate change is possible without hindering economic growth Carney used a speech at a Lloyd's of London dinner to give a stark warning of the huge risks to financial security posed by global warming. [...]
The global financial crisis 10 years on: six charts that tell the story July 31, 2017 It is hard to believe but it is 10 years since the start of the global financial crisis. Triggered by a collapse in the US housing market it caused the deepest recession in living memory and the near-collapse of the financial system. Banks failed, government institutions were bailed out, stockmarkets crashed and countries had to [...]
Bank shares tanked on Donald Trump’s triumph November 9, 2016 Banks' shareholders were clearly less than thrilled about who won the race to the White House this morning, but are learning to live with it this afternoon. After dipping initially this morning, shares for the big banks listed in London have now recovered. Shares in HSBC are currently up 0.1 per cent at 620.6p, Lloyds Banking Group [...]
City Moves for 4 November 2016 | Who’s switching jobs November 4, 2016 Hastings Group Hastings Group has appointed Teresa Robson-Capps and Alison Burns as non-executive directors with immediate effect. Teresa is currently a non-executive director and member of the audit committee for Clydesdale and Yorkshire Bank Group and is chairman of the ACS Group. She was previously a non-executive director for National Australia Bank; Europe/Clydesdale Bank. Teresa brings significant [...]
Treasury launches new scheme to help small businesses secure financing November 1, 2016 A new government scheme to help small businesses turned down for loans find alternative means of finance launches today. Under the Treasury's bank referral scheme, RBS, Lloyds, HSBC, Barclays, Santander, Clydesdale and Yorkshire Bank, Bank of Ireland, Danske Bank and First Trust Bank will be obliged to offer to pass on details of businesses they are declining [...]
CBI beefs up London leadership team in preparation for Brexit negotiations September 5, 2016 Business group the CBI has refreshed its London leadership team as the organisation prepares for a turbulent few years representing the capital’s firms in the wake of the Brexit vote. Vivian Hunt, managing partner for top consulting firm McKinsey’s UK and Ireland offices will become chair of the CBI London council, while CBI insider and [...]
Business confidence stays positive despite drop to four year low September 19, 2016 Business confidence across the country remains in positive territory despite falling to a four year low in the wake of the referendum. The number of exporters expecting an increase in total exports also remained in positive territory, although it fell to 20 per cent. The latest half-yearly Lloyds Bank business confidence report suggests that the UK [...]