Senior Credit Suisse bankers flee to Barclays, Goldman and Citi after Archegos disaster May 19, 2021 About a dozen managing directors at Credit Suisse have recently left the banking giant or are in the process of doing so, with most of them poached by rivals including Barclays, Goldman Sachs and Citibank. Moreover, a range of senior bankers are expected to announce their departure in the coming weeks, with several others also [...]
Everything you need to know before catching the Paris Eurostar May 10, 2021 Remember when all you needed to leave the country was a ticket and your passport? Quite apart from the fact that holidays remain illegal, even if you do have a “reasonable excuse” to travel – say, for work – the paperwork required is extremely complicated and the Covid testing both inconvenient and costly (I needed [...]
Lloyds in talks over £400m deal for retirement group Embark May 9, 2021 Lloyds Bank is in talks over a £400m deal to acquire retirement products provider Embark in what would be its biggest acquisition since it returned to private ownership four years ago. The lender is close to finalising a deal and an announcement could come as early as this month, Sky News reported. Embark, which was [...]
London remains one of the world’s leading green finance centres April 29, 2021 London has held on to one of the top spots for green finance quality in Z/Yen’s latest index, but Western Europe’s overall dominance is starting to slip. In its Global Green Finance Index (GGFI), the City of London think tank ranked 78 financial centres across the world for their public, private and nonprofit investment in [...]
BlackRock and Mustier’s blank cheque firm eye Credit Suisse fund management arm April 9, 2021 BlackRock and Jean-Pierre Mustier’s blank-check firm are among investors expressing interest in Credit Suisse’s asset management arm, three sources told Reuters, as the Swiss lender explores options for the unit after a run of costly scandals. U.S. investment firm State Street Corp is also eyeing a rival bid for all or part of the Swiss [...]
The game-changing applications of neuromorphic high-speed vision April 8, 2021 In a very short time, the digital world has become dominated by visual data. Cameras are everywhere, pumping zettabytes of data into phones, cars, tablets, and robots. However, this data is not all created equal. We can categorise digital visual data in the following ways: 1) Static Vision Static vision entails huge repositories of pre-recorded [...]
Exclusive: The City will emerge strong from Brexit, says impact investment whizz April 8, 2021 One of the hottest trends within the City’s investment community lately has been impact investing; capital flowing into companies, entities and funds with the intention to generate a measurable, beneficial social or environmental impact. To many institutional investors and pension funds, impact investments are increasingly becoming the standard so this type of investments is more [...]
Bermuda adds Heathrow flight to tourism offer as temperatures rise March 24, 2021 The prospect of an 8am in Frankfurt or a Friday night stuck in Zurich may not have us that excited about the return of business travel, and Europe’s ongoing vaccination struggles suggest we might not be hitting the beaches of the Costa del Sol as soon as we might like. But Bermuda – matching business [...]
London remains Europe’s major global finance centre despite Brexit hit March 17, 2021 London has held on to the second spot in a respected international study of financial centres, despite the double whammy of Brexit and the Covid-19 pandemic. London sits behind only New York and remains Europe’s only major global financial centre, remaining a number of spots ahead of Frankfurt and Zurich. But Asian competitors Shanghai, Hong [...]
Valsana Hotel in Switzerland is a geothermal Alpine retreat February 22, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. Today we revisit Noo Saro-Wiwa’s stay in The Valsana, Switzerland’s first geothermal hotel. ••• These days, a sense of wellbeing isn’t just about body and spirit but also about leaving a lighter carbon footprint. Which is why [...]