US legal business Elevate acquires UK new law company Halebury as it targets London float January 8, 2019 US legal business Elevate has today announced it has acquired UK new law business Halebury as it continues expansion ahead of a possible London float. Elevate, which has been backed by Morgan Stanley Expansion Capital, brands itself as a “law company” and provides services to in-house legal departments at companies such as Oracle and Facebook. [...]
HSBC has hired ex-Google engineering director Mike Warriner to lead the bank’s tech and digital efforts November 21, 2017 HSBC is tapping up talent from tech companies to give it a leg up in an increasingly digital world with the hire of a former Google engineer. Mike Warriner, who was the director of engineering at the tech company in the UK for the past five years, has been named chief information officer at the [...]
City Moves for 8 February – who’s switching jobs at Morrison & Foerster, Jefferies and DMH Stallard? February 8, 2019 Morrison & Foerster Morrison & Foerster, a leading global law firm, is pleased to announce that Christopher Kandel will be joining the firm’s London office in the coming days as a partner in its Finance practice. Christopher brings to the firm a wealth of experience in leveraged finance and complex international acquisition finance, and restructuring [...]
Londoners are bolstering the latest fintech generation April 30, 2019 Have you ever thought about the role of Londoners in guaranteeing the UK as the fintech capital of the world? Our capital is currently hosting UK Fintech Week, an opportunity to showcase and celebrate the businesses transforming our best export: financial services. On Crowdcube, the crowdfunding platform I work for, there are now over 67,000 [...]
UK banks ‘robust’ enough to cope with no-deal Brexit, S&P Global says January 10, 2019 The UK’s major banks are robust enough to cope with a no-deal Brexit but the sector’s outlook for 2019 will hinge on Britain’s exit from the EU, S&P Global Ratings has said. The financial services firm issued a “broadly stable” rating on the UK banking system but said that view was based on an orderly [...]
HSBC, JP Morgan and American Express back cyber startup Menlo Security in $40m series C | City A.M. December 11, 2017 A cyber security startup has won backing from several top financial institutions amid the growing threat of hacking and data breaches. HSBC, JP Morgan and American Express’s venture arm are among investors in a $40m series C funding round for Menlo Security, a Silicon Valley startup which provides protection against malware. Ericsson Ventures also participated, [...]
Budget 2021: As it happened March 3, 2021 Live updates and links to all our coverage, reactions and analyses as the Chancellor of the Exchequer delivers the government’s Budget later today – at 12.30pm. Please also visit our dedicated Budget 2021 Hub. Wrap-up of the main Budget announcements Here’s a wrap-up of the main announcements made by the chancellor in his spring Budget: [...]
RBS announces interim chief financial officer as Ewen Stevenson prepares to depart August 17, 2018 The Royal Bank of Scotland (RBS) said today it is to appoint deputy chief financial officer Katie Murray as interim CFO in October, replacing outgoing CFO Ewen Stevenson, who is set to join HSBC. Stevenson will step down after four years in the role on 30 September and will be placed on gardening leave until the end of November. Stevenson [...]
Sushi chain Wasabi hires PwC in hunt for cash injection to fund expansion November 4, 2018 Sushi chain Wasabi is hunting for a new investor to drive international expansion, during a challenging period for the UK dining sector. Financial services giant PwC has been hired to search for an injection of capital, the firm confirmed today, which will be used to refurbish and expand the UK portfolio of around 50 stores. [...]
City Moves for 18 October – who’s switching jobs at TSB, Yapster and Barclays? October 18, 2018 Today’s City Moves cover TSB, Yapster and Barclays. TSB TSB has appointed Niv Subramanian as customer solutions director for its small and medium enterprise (SME) banking leadership team. Niv brings a combination of experience across strategic, commercial and operational roles in retail, commercial and corporate banking, with a keen focus on transforming the SME banking [...]