Diversity blow: UK banks lost 10,000 women in 2020 March 12, 2021 The number of women at the UK’s five biggest lenders shrank by three per cent during 2020, according to new Bloomberg data. Men saw a decline of around 2.1 per cent as banks pushed ahead with long-planned cuts and navigated the Covid-19 crisis. At NatWest, roles filled by women fell by nine per cent compared [...]
Hong Kong Racing Tips: The Mauritain Magician’s a man on a mission May 25, 2021 JOCKEY Karis Teetan looks a man on a mission at present, taking the final Group 1 of the season, the Standard Chartered Champions & Chater Cup, aboard Panfield at Sha Tin on Sunday and presently can’t stop riding winners. Seven wins from his last 35 rides bares testament to that and, with victories at the [...]
All eyes on digital assets: Brevan Howard targets crypto September 13, 2021 Hedge fund Brevan Howard will “significantly expand” its focus on crypto and digital assets with the launch of a new unit focused on the sector, in the latest move indicating growing institutional appetite for the asset class. Brevan, one of Europe’s largest hedge funds, announced it has launched a new division, dubbed “BH Digital”, which [...]
Societe Generale returns to profit as retail banking recovers August 3, 2021 French bank Societe Generale swung back to profit in the second quarter of this year driven by a rebound in its retail banking arm. The lender registered net income of €1.4bn in the second quarter of 2021, up sharply from a €1.2bn loss in the same period the year before. Read more: Standard Chartered profits [...]
StanChart considers resuming dividend after quarterly profit beats estimate October 29, 2020 Standard Chartered said it would consider resuming dividends after reporting a smaller-than-expected 40 per cent drop in third quarter profit as it lowered coronavirus loan loss expectations. The UK-based, Asia-focused lender posted an underlying pre-tax profit of $745m (£572m) for the three months to September, significantly ahead of bank-compiled analyst forecasts of $502m, Standard Chartered [...]
Tory MPs urge PM to sanction UK banks in Hong Kong for China cooperation December 1, 2020 Boris Johnson should threaten to sanction UK financial services firms operating in Hong Kong to push back against Beijing’s draconian security laws, according to a new report from top Tory backbenchers. A report from Westminster’s China Research Group, which is led by Conservative MPs Tom Tugendhat and Neil O’Brien, says the UK should sanction banks [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 9, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Chairman trades The Restaurant Group for the FA The Restaurant Group (TRG), which host brands like Wagamama and Frankie & Benny’s, has confirmed this week that its chairman will be stepping [...]
Doctors for XR forcibly removed from JP Morgan building September 3, 2021 Doctors who staged a ‘die in’ outside the JP Morgan building as part of ongoing Extinction Rebellion protests have been forcibly removed by police. This morning more than 60 doctors, nurses and midwives arrived outside the JP Morgan offices in Canary Wharf to demand an end to fossil fuel financing by banks. Protestors held banners [...]
Employers are reforming workers’ rights and Labour is right to follow their lead May 15, 2024 Enlightened employers are already prioritising security and flexibility at work in order to attract the best talent, says Anthony Painter of the Chartered Management Institute With it’s plans to reform workers’ rights, Labour has managed to attract the ire of both the business lobby and the trade unions. Yet the more important divide is between [...]
FTSE 100 rebounds as easyJet nosedives September 13, 2021 London’s FTSE 100 index has climbed by 0.64 per cent today, up 45 points higher than the previous close at 7,074.07, after being boosted by financial stocks. Banking giants saw strong gains today with Lloyd’s Group up 2.6 per cent, Standard Chartered Bank lifted by 2.4 per cent and Barclays PLC climbing 2.2 per cent. Meanwhile, investment [...]