London’s Bournvilles: What the future of housing looks like in a supply-squeezed capital April 1, 2016 As everyone who studied the Victorians knows, one of the lasting legacies of these periods are the worker villages of Bournville and Saltaire. Planned and executed by the Cadbury and Salt families respectively to provide good quality housing for their employees, and thereby promoting staff loyalty and better living standards, these villages still thrive today. What [...]
City Moves for 4 March 2016 | Who’s switching jobs March 4, 2016 LIDA Digital direct marketing agency LIDA has appointed Trefor Thomas, executive creative director of SapientNitro, as its chief creative officer – a newly created role. Trefor’s brief will be to focus on furthering the agency’s direct, digital brand and innovation capabilities, while continuing to gear up LIDA’s loyalty credentials across new platforms. He boasts over two [...]
HSBC boss Stuart Gulliver warns George Osborne or Ed Balls tax hikes could drive bank from UK May 5, 2015 HSBC’S chief executive warned yesterday that the Conservative and Labour parties both risk driving the bank out of the country with tax hikes. The giant lender is looking at moving its headquarters out of the UK after more than 20 years in London, as its global business may be harmed by regulation and taxes. George [...]
HSBC switches auditors to PwC after decade with rivals KPMG March 18, 2015 HSBC yesterday announced plans to appoint PricewaterhouseCoopers as its auditor, replacing KPMG which had held the position since 1991. Europe’s biggest bank said the appointment would be put to shareholders at its 2015 annual general meeting on 24 April, but that the recommendation was the result of a competitive tender. “The tender process was both [...]
HSBC’s brum do as 1,000 set to move to new HQ March 24, 2015 HSBC will set up a new headquarters in Birmingham for its UK retail bank, when it implements the ring-fence which divide its investment banking operations from its retail work. Around 1,000 roles will move from London to Birmingham before the new rules are implemented in January 2015. The city was home to Midland Bank, which [...]
FTSE 100 index closes higher as bank shares rise and Janet Yellen’s remarks calm markets despite the continued fall of miners February 10, 2016 The FTSE 100 index closed higher today as banks recouped some of the losses they made yesterday and US Federal Reserve chair Janet Yellen calmed markets. The index closed 0.71 per cent higher at 5,672.3 points. "Fed Chair Janet Yellen’s testimony was always going to be aimed at provoking the least reaction possible in her testimony to the House Financial [...]
Stuart Gulliver: I am the right person to run HSBC March 9, 2015 HSBC boss Stuart Gulliver said he was the "right person" to run the embattled bank today, as he was quizzed by MPs on the Public Accounts Committee. Asked whether he should remain chief executive of the bank, he said: "I am committed to finishing what I began five years ago in a firm I've served [...]
Bank shares bounce after heavy losses, investors cheer reports of Deutsche’s emergency bond buyback plan February 10, 2016 Bank stocks have managed to recover some of their lost ground today, following massive sell offs at the start of the week sending shock waves through global equity markets. Royal Bank of Scotland has made the biggest recovery, soaring by four per cent as investors back track on yesterday’s losses. RBS was down by over [...]
HSBC’s Swiss offices raided by authorities February 18, 2015 TROUBLED banking giant HSBC’s Geneva offices were raided by Swiss police yesterday, as prosecutors responded to reports that its private banking unit may have been involved in money laundering. The latest storm broke last week when more leaked documents were published alleging HSBC’s Swiss private bank may have helped wealthy clients to evade tax. “As [...]
Drummond Puddle Watch brings the City to a standstill as nearly 20,000 people watch a live stream January 6, 2016 Could this be the solution to the UK's productivity puzzle? Never mind HSBC’s ongoing online banking crisis, or North Korea’s latest announcement that it is testing hydrogen bombs: City folk are far more concerned about how people are going to get across a massive puddle hundreds of miles away. In fact, of the 20,000-odd people who have [...]