Be ready to leap when the market turns September 15, 2010 THE popular obsession with City pay has not gone away, as was in evidence recently when the news that Bob Diamond will become CEO of Barclays was accompanied by lurid headlines about the “bonus banker”. City remuneration might be a dog-whistle issue for tabloids, but it’s also a big issue for everybody who works here, [...]
Be ready to leap when the market turns September 15, 2010 THE popular obsession with City pay has not gone away, as was in evidence recently when the news that Bob Diamond will become CEO of Barclays was accompanied by lurid headlines about the “bonus banker”. City remuneration might be a dog-whistle issue for tabloids, but it’s also a big issue for everybody who works here, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 12, 2010 FINANCIAL TIMES RESPITE OVER CITY BONUSES DETAILS Britain’s banks will be spared the embarrassment of giving details of big bonus payments to staff in their annual reports next spring after the Treasury admitted the relevant legislation will not be on the statute book in time. The delay to new disclosure requirements is likely to create [...]
The man who is set to bring more luxury to London’s five-star hotels November 14, 2010 LONDON’S five-star hotel market is set to take off over the next six months and a septuagenarian Maltese businessman called Alfred Pisani will be at the heart of the glamorous action. His £300m luxury Corinthia Hotel London, on Whitehall Place, is being completed and will take its first paying guests in April 2011. It is [...]
Accountants told to step up audit quality July 20, 2010 BRITAIN’S big four accountants were criticised by an independent review this morning for the “disappointing” quality of their audit work. One in ten audits produced by the major firms fell below the proper standards, the Audit Inspection Unit (AIU) said. Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers – along with smaller competitor PKF – were [...]
CITY MOVES | WHO’S SWITCHING JOBS July 27, 2010 ERNST & YOUNG The accountancy firm has appointed Jonathan Summers to its information technology advisory team as a director focusing on strategic rationalisation, the process of removing technology complexity to improve business performance. Summer has over 14 years of experience with IBM, where his roles included establishing a global delivery capability for data migration in [...]
BANKING CHEMISTRY GEEKS GET CREATIVE August 19, 2010 THANK heaven for the idle pairs of hands which yesterday provided The Capitalist with the throatiest chuckle of the week. Into the inbox popped a link that’s been doing the rounds in the City, containing a link to a “periodic table” – though not one that would be familiar to many from distant memories of [...]
BANKING CHEMISTRY GEEKS GET CREATIVE August 19, 2010 THANK heaven for the idle pairs of hands which yesterday provided The Capitalist with the throatiest chuckle of the week. Into the inbox popped a link that’s been doing the rounds in the City, containing a link to a “periodic table” – though not one that would be familiar to many from distant memories of [...]
Double taxes give City a wake up call June 22, 2010 CHANCELLOR George Osborne’s regular bank levy had been anticipated by bulge bracket firms, but City figures nonetheless urged the government to clarify its geographic scope. In particular, banks and accountants were concerned at the prospect of double taxation if France and Germany bring in their own tolls. Rod Roman of Ernst & Young said: “A [...]
CITY MOVES | WHO’S SWITCHING JOBS June 3, 2010 Deloitte The business advisory firm has appointed Vince Niblett as the new global leader of Deloitte Touche Tohmatsu’s audit and enterprise risk services practice. Niblett originally joined Deloitte in 1980 and has since been seconded to a number of assignments across the globe, including posts in Australia, Luxembourg, the Middle East and South America. He [...]