The five best countries for a fulfilling expat career: Go to Russia finds HSBC Expat Explorer Survey September 25, 2015 Russia has topped a new ranking of countries which are able to offer expats a role that's more fulfilling than their previous one. The annual HSBC Expat Explorer survey found six in 10 expats living in Russia said that they were now getting more out of their jobs. "Learning the local language is key to successfully [...]
Bankers beware: Paris is not the city of love for pay – try Frankfurt instead June 22, 2016 Bankers might not be so keen to relocate to the continent after figures released today showed it could seriously hamper their pay prospects. The analysis of 8,065 salaries by salary benchmarking website Emolument.com discovered that pay packets for those in banking were lower on a nominal basis in both Frankfurt and Paris than they were in London. The data revealed [...]
HSBC boss Stuart Gulliver wants bank to play major role in AB InBev’s planned takeover of SABMiller October 6, 2015 HSBC boss Stuart Gulliver is trying to persuade the lender to play a major role in financing a possible takeover of SABMiller by rival US-based brewing giant Anheuser-Busch InBev. Gulliver met executives from Budweiser maker AB InBev late last week to discuss a potential involvement for HSBC, according to a report on Sky News. [...]
City Moves for 15 June 2016 | Who’s switching jobs June 15, 2016 JC Rathbone Associates Risk management consultancy JC Rathbone Associates (JCRA) has appointed Shripal Shah as director of real estate debt advisory. Shripal will join JCRA in August following 12 years at HSBC where he was head of real estate finance for the UK and the Middle East. At HSBC he was involved in number of [...]
Brexit, what Brexit? UK economy grows by 0.5 per cent – slower than the previous quarter but better than economists had expected October 27, 2016 GDP is estimated to have grown by 0.5 per cent in the third quarter of the year, in a sign the economy has – so far – shrugged off the effects of Brexit. The statistics from the Office for National Statistics (ONS) are the first to cover the full three months after the UK voted to leave the [...]
The City will remain at the vanguard of financial innovation post-Brexit November 24, 2016 A year ago, London Stock Exchange celebrated the first Green Bond from China to be listed internationally, a landmark renminbi and dollar issuance by the Agricultural Bank of China. I wrote here at the time how London was leading the world in financing the global shift to a low carbon economy – a transition endorsed [...]
Bats Europe exchange mulling new EU base after Brexit vote August 25, 2016 Bats Europe is considering its non-London options after June's referendum result, potentially establishing a new base elsewhere in the EU. The exchange, which was started less than a decade ago, has quickly grown from startup status to the largest stock exchange in Europe and is currently housed in Richard Desmond’s Northern and Shell Building on Lower Thames [...]
UK banks’ share prices set new post-referendum highs August 24, 2016 Shares in UK banks are standing at a post-referendum high after a string of encouraging economic data has restored confidence in the health of the sector. Lenders with big domestic footprints were hit hard in the days after the 23 June referendum. Share prices fell by as much 40 per cent. Both Barclays and RBS suffered the [...]
Banking stocks have fallen sharply at the open in London June 24, 2016 Banking shares have tanked in London following the 8am market open. A vote for the UK to leave the European Union last night, largely catching the financial markets off-guard, has led to panic selling across Europe. Lloyds shares opened down 29 per cent, while Barclays is 30 per cent lower, RBS has lost 34 per [...]
Uncertainty of being given overdraft prevents two thirds of customers from switching current accounts July 27, 2016 Two thirds of current account holders are in the dark about whether they can switch accounts if they are overdrawn, according to new research. Research from uSwitch.com, the price comparison site, found that people do not switch accounts as they are unsure about whether they are able to make the change when overdrawn, despite a [...]