Deutsche Bank to change work-from-home policies permanently in bid to reduce office costs September 25, 2020 Deutsche Bank is set to make flexible working policies permanent to allow staff to work from home on a set number of days per week. Like other lenders, Deutsche Bank has discovered during the pandemic that reducing office space could be a viable way to lower costs. Chief executive officer Christian Sewing said the board [...]
Swiss regulator starts action against Credit Suisse over spying claims September 2, 2020 Switzerland’s financial supervisor has opened enforcement proceedings against Credit Suisse over a spying scandal that led to the ousting of former chief executive Tidjane Thiam and tarnished its reputation. The move by the Swiss Financial Market Supervisory Authority (FINMA) intensifies the regulatory pressure on Credit Suisse and follows the completion of a review of the [...]
My joyous but painful adventures in Blockchain August 4, 2020 I love Madrid. I love the food, the weather and the people. I’ll go there (at least, in better times) at even the slightest excuse. And beyond the social culture, Madrid has a thriving business culture – especially when it comes to Fintech. In June 2017, it was the home to MoneyConf. That’s where my [...]
Aviva CEO Maurice Tulloch steps down with immediate effect for ‘family health reasons’ July 6, 2020 Aviva chief executive Maurice Tulloch has stepped down from the role with immediate effect for “family health reasons”, the insurance giant said today. Non-executive director Amanda Blanc will take on the CEO role from today, Aviva said, after joining the board at the start of the year. She was previously CEO, EMEA & Global Banking [...]
Equality is a business imperative, so let’s close the ethnicity pay gap July 3, 2020 I am often asked how business leaders decide who is the best candidate for a team or an organisation. Of course, there’s no one reason or answer. It’s about understanding the relevance of skills you need and the context of the role you are hiring for. You might be looking to create energy and pace [...]
Crypto AM shines its Spotlight on 220 June 23, 2020 A New Generation of Wealth with 220 The World of banking has been undergoing a revolution in the last decade, with many challengers coming for the retail banking market, yet there has been one region of banking that hasn’t been truly challenged for nearly 600 years, Private Banking, that is, until now. 220, is a [...]
FCA gears up for business interruption insurance court battle June 1, 2020 City watchdog the Financial Conduct Authority (FCA) today said it had selected samples of insurance wording for a July case on whether insurers should pay out on business interruption policies for covid-19. The FCA said it has selected 17 examples from business interruption insurance policies used by 16 insurers who have entered into a framework [...]
Credit Suisse cuts ex-boss Thiam’s bonus in wake of spying scandal March 25, 2020 The spying scandal that rocked Credit Suisse cost former chief executive Tidjane Thiam part of his bonus in 2019, with his overall compensation falling 15 per cent to 10.7 million Swiss francs (£9.2m). Thiam quit in February after a bitter boardroom battle with chairman Urs Rohner in the wake of the scandal over surveillance of [...]
Cost of living falls in European cities March 18, 2020 European cities are becoming cheaper to live in, according to data released today. The numbers from the Economist Intelligence Unit show Paris is no longer the world’s most expensive city. Osaka, Singapore and Hong Kong jointly hold the top spot with Paris falling to fifth, behind New York. Nicholas Fitzroy, The EIU’s risk briefing director [...]
British Airways and Ryanair cancel all flights to Italy as travel lockdown extended to whole country March 10, 2020 British Airways (BA) and Ryanair have cancelled all of their flights to and from Italy today after the entire country was placed into travel lockdown as coronavirus continued to ravage its population. BA, which operates 60 routes to the country, had previously cancelled a raft of flights to the north of the country, but has [...]