Expecting the pound to soar on a Trump victory? Here’s why it’s looking flatter than you might have thought November 9, 2016 When Florida looked to leaning towards a Trump victory at around 2:30am last night the pound began to climb. The dollar – at the other end of the equation – started to slide. The dollar's slide seems to have halted for now though the pound's rise has also gone into reverse. The pound at one [...]
City Moves for 24 January 2017 – who’s switching jobs? January 24, 2017 Today's City Moves cover online businesses, the legal sector and property development. While Mark Whitburn has joined peer-to-peer lender Saving Stream as its new head of credit, former KPMG partner Jane Moriarty has joined Chelsea-focused London property group Martin's Properties as a non-executive director. Take a look at these movers and shakers: Saving Stream Mark [...]
Moody’s: RBS, Lloyds, Barclays, Santander, HSBC and Nationwide need to close a £129bn capital shortfall to satisfy new Bank of England requirements March 8, 2016 Britain's biggest banks need to close a £129bn shortfall in capital requirements by the end of the decade if they are going to satisfy new Bank of England rules by the time they go into effect in 2019, according to a new report out today. Moody's said Britain's seven largest banks – Royal Bank of Scotland [...]
City Moves for 28 September 2016 | Who’s switching jobs September 28, 2016 Bond Dickinson Bond Dickinson has appointed Barry Stimpson to join its expanding London office as head of funds. Barry is an experienced funds and regulatory lawyer with extensive knowledge of the financial services sector and will enhance the firm's existing offering. Barry joins the firm from Olswang where he was head of funds and regulatory. Barry's [...]
Tommy Fleetwood’s Abu Dhabi win and why your first golf coach is like your first love January 23, 2017 I always think that your first golf coach is a little like your first love; they know about your game and how you have developed better than anyone else. After his first win for three and a half years, Tommy Fleetwood may agree with that sentiment. His success at the Abu Dhabi HSBC Championship on [...]
Johnson keen to emphasise UK’s close ties with Saudi Arabia after critical comments on Yemen December 11, 2016 Foreign Secretary Boris Johnson reiterated Britain's close ties to Saudi Arabia on a visit there yesterday, days after making comments seen as critical of the desert kingdom's actions in Yemen. "I'm here to emphasise the friendship that exists between the UK and Saudi Arabia, and that is something that is developing and expanding," Johnson said [...]
City Moves for 25 October 2016 | Who’s switching jobs October 25, 2016 Travelodge Hotel chain Travelodge has appointed Hannah Thomson to the position of people director. She will take up her new role from 1 November. Hannah will report directly to the chief executive Peter Gowers and joins the Travelodge operating board. Hannah began her career with the John Lewis Partnership businesses, John Lewis and Waitrose, where she held a range of roles in [...]
City Moves for 4 November 2016 | Who’s switching jobs November 4, 2016 Hastings Group Hastings Group has appointed Teresa Robson-Capps and Alison Burns as non-executive directors with immediate effect. Teresa is currently a non-executive director and member of the audit committee for Clydesdale and Yorkshire Bank Group and is chairman of the ACS Group. She was previously a non-executive director for National Australia Bank; Europe/Clydesdale Bank. Teresa brings significant [...]
HSBC down: Bank suffers online banking outage (again) after group targeted by cyber attackers January 29, 2016 Well this is embarrassing. HSBC's online banking services are suffering from yet another outage – and it looks like it's down to a cyber attack on the bank. Customers complained this morning that they could not access their accounts online, with many complaining that the outage came just as their first pay day since Christmas arrived. [...]
Barclays boss: London will continue to be the “financial lungs” of Europe post-Brexit January 19, 2017 The boss of one of the UK's biggest banks has today come out fighting for the City's post-Brexit status, likening London to an essential organ for the continent's financial health. "I don't believe that the European finances system, our centre, will leave the City of London," Jes Staley, chief executive of Barclays told the BBC in [...]