The government has sold more Lloyds Banking Group shares January 30, 2017 The government has sold more shares in Lloyds Banking Group, bringing its holding below the five per cent threshold. UK Financial Investments, which manages the government's stake in the bank, said today it now owns 4.998 per cent of the group. Shares in the bank dipped 1.4 per cent at the open. Until a few [...]
Leaving the legacy behind: Meet the tech company that could put a stop to the banks’ IT failures April 23, 2019 IT meltdowns are becoming dangerously common among the big banks. According to Which, at least one British bank suffered an IT failure every day during the last nine months of 2018. TSB’s outage last year, which left 1.9m customers locked out of their accounts and cost the bank £330m, demonstrates how catastrophic these IT issues can [...]
City Moves for 15 May – Who’s switching jobs at BNP Paribas Asset Management, State Street and Nexus Group? May 15, 2019 Today's City Moves includes BNP Paribas Asset Management, State Street and Nexus Group. BNP Paribas Asset Management BNP Paribas Asset Management (BNPP AM) has announced the appointment of Rob Gambi as global head of investments, based in London. He will report to chief executive Frederic Janbon and will be a member of BNPP AM’s executive [...]
London deserves a mayor who believes in the city’s bright entrepreneurial future July 19, 2018 Come March 2019, Britain will have left the EU, but our city will continue to be the most vibrant and dynamic economic urban economy on earth. Londoners deserve a mayor who represents this and protects our position of strength. Unlike Sadiq Khan, he or she can ill-afford to be sucked in to talking down London’s [...]
National Apprenticeship Week: The City’s best apprenticeships at Lloyds Bank, Barclays, RBS, Santander and HSBC March 7, 2017 Looking for a job but don’t have a degree? It’s National Apprenticeship Week – and the City has got well and truly involved. We’ve rounded up the best apprenticeships – the best bit is, you don’t even need a background in finance or banking. Santander: Digital technology degree apprenticeship Salary: £14,000 – £19,999 per annum [...]
Revealed: The 15 best employers in Britain for work-life balance, as rated by staff June 7, 2018 Dealing with millions of busy commuters might not sound like the dream job, but according to a new study workers at Transport for London (TfL) are the most content with their work-life balance. The rankings, compiled by job site Indeed, showed that TfL had a better “staff first” mentality than any other company in the [...]
Lloyds Banking Group eyes Berlin for new EU base post-Brexit February 13, 2017 Lloyds Banking Group is closing in on Berlin as its new EU hub post-Brexit. It was reported last December that the bank, which is the only major UK retail lender without a subsidiary in another EU country, was looking into establishing a base in either the Netherlands or Germany to make sure it still had access [...]
Credit Suisse boss receives 30 per cent pay rise despite falling share price March 22, 2019 The chief executive of Credit Suisse Tidjane Thiam has received a pay boost of 30 per cent to 12.65m Swiss francs (£9.7m), the group’s annual report showed today. The Swiss bank said the pay rise was “designed to acknowledge the strong performance of Mr Thiam over the course of his tenure to date and the successful [...]
Lloyds Bank bumps up its bonus pool on healthy pre-tax profits February 22, 2017 Lloyds Banking Group has boosted its bonus pool, after reporting its statutory pre-tax profits had more than doubled for 2016. The bank's bonus outcome rose to £392.9m for 2016, up from £353.7m in 2015. However, Lloyds' bankers could have been in line for more – the lender also revealed today it had skimmed 19 per [...]
TV presenter Noel Edmonds secures Therium litigation funding for Lloyds HBOS legal battle January 31, 2018 TV presenter Noel Edmonds has secured millions of pounds of litigation funding for a legal battle with Lloyds Banking Group over the actions of HBOS before it was acquired. Therium Capital Management, which specialises in funding expensive legal cases, has agreed a "seven-figure" funding package for Edmonds' claim. The former Top of the Pops and [...]