Nine up-and-coming fintech startups to watch (and Lloyds thinks so too) August 2, 2016 A handful of startups from around the world are hoping to disrupt the big banks with new innovations after being chosen as ones to watch in the world of fintech by one of London's top accelerators and top global businesses. Startupbootcamp's fintech programme, backed by the likes of Lloyds and PwC, have chosen nine new up-and-coming early stage fintech [...]
UK banks’ share prices set new post-referendum highs August 24, 2016 Shares in UK banks are standing at a post-referendum high after a string of encouraging economic data has restored confidence in the health of the sector. Lenders with big domestic footprints were hit hard in the days after the 23 June referendum. Share prices fell by as much 40 per cent. Both Barclays and RBS suffered the [...]
City Moves for 19 July 2016 | Who’s switching jobs July 19, 2016 CBRE Vishnu Reddy, formerly a real estate loan portfolio manager in BNP Paribas’ corporate and investment banking division, has joined CBRE as a senior director and head of transaction management within the capital advisors’ debt and structured finance team. Vishnu has 20 years’ experience working in the sector, both as a lawyer and as a financier, [...]
Startups in London raised more funding than in any other European city this year August 22, 2016 Forget Brexit fears: London's startup community is alive and well, new research has suggested – with startups in the capital receiving more investment in the first half of this year than in any other European city. This chart, put together for City A.M. by Statista using figures from EY's Startup Barometer Germany report, shows London startups received €1.3bn (£1.1bn) [...]
City Moves for 6 October | Who’s switching jobs October 6, 2016 PayPal PayPal has named Mark Brant as managing director of PayPal UK. Mark has been promoted to this role following his tenure as general manager, merchant services UK. Mark joined PayPal UK in 2008 as director of large merchant sales before promotions to sales director and general manager of merchant services, UK in 2012. During his time leading [...]
Labour has chosen local MP and Corbyn aide Steve Rotheram as its candidate for Liverpool’s metro mayoralty August 10, 2016 Labour members have chosen Jeremy Corbyn's parliamentary private secretary as their candidate to be Liverpool's first metropolitan mayor. Rotheram, who also served as lord mayor of Liverpool in 2008 and 2009, will fight to lead a region covering Liverpool, St Helens, Knowsley, Sefton, Wirral and the Cheshire borough of Halton. Incredibly humbled to be selected as Labour's candidate for Metro Mayor. [...]
City Moves for 17 August 2016 | Who’s switching jobs August 17, 2016 Allianz Global Corporate & Specialty Allianz Global Corporate & Specialty (AGCS) has appointed Stewart Eaton as head of product recall for regional unit London. As an experienced product recall underwriter, he joins AGCS’ crisis management team to manage the product recall book. He will report to Tim Galloway, AGCS regional head of liability. Eaton joins from Castel [...]
US billionaire investor Wilbur Ross picks up £280,000 from the ashes of NBNK July 4, 2016 US billionaire investor Wilbur Ross has picked up £281,000 from the ashes of the failed banking investment vehicle NBNK. In May the board of NBNK, made up of private equity firm WL Ross & Co's senior vice president Stephen Johnson, and Labour life peer and barrister Lord Brennan, voted in May to make the payment to WL Ross & Co [...]
Andy Burnham confirmed as Labour candidate for Manchester mayor August 9, 2016 Shadow home secretary Andy Burnham has been tapped by Labour as their candidate for Manchester mayor. Manchester will choose an elected mayor next May, when the roles of existing interim mayor and elected police and crime commissioner are merged. Burnham said it was a "great honour" to be selected as he overcame competition from Burt South MP Ivan [...]
Boxer David Haye is the latest famous face investing in a startup August 3, 2016 The boxer David Haye is the latest famous face to get into the venture business, investing in recruitment startup Syft. Heavyweight Haye has joined VC firm Profounders Capital, Lord Young – David Cameron's former enterprise adviser – and other entrepreneurs, to invest seed stage cash of £2.65m in the startup. Syft is aimed at making it easier to recruit temporary staff [...]