HSBC Swiss tax evasion row is not the bank’s real problem – Bottom Line February 23, 2015 HSBC’s Swiss tax row is a sideshow. It might not feel like that to bosses – chairman Douglas Flint is facing MPs in parliament tomorrow, and chief exec Stuart Gulliver agreed he feels “shame” over the affair. But it is true nonetheless – this is not the main event for the bank. Look at [...]
HSBC, Goldman Sachs and Barclays are among the banks being investigated for gold price rigging February 24, 2015 The US is looking into whether the world's biggest banks have rigged the prices of precious metals such as gold, silver and platinum. The Department of Justice (DoJ) and Commodities and Futures Trading Commission (CFTC) have launched the investigation following of a series of scandals in which banks altered benchmark rates to make [...]
Nameless CVs: Barristers chambers 4-5 Gray’s Inn announces it will adopt name-blind recruitment later this week November 9, 2015 Barrister's chambers 4-5 Gray’s Inn today became the latest to announce it will engage in so-called "blind recruitment" methods. Later this week, the chambers will launch an online application form on its website, where the only personal identifier used will be the candidate’s mobile telephone number. All other personal information, such as name, gender and marital [...]
From Tesco and the death of the Defender to MBAs and Donald Trump: Here’s what got us talking this week January 29, 2016 HSBC celebrated the first pay day since Christmas by going offline (again). We learned that there are just 12 special words in every job interview. And everyone who wasn't 29 years old questioned this study. Here's what got us talking 1) You're not imagining it Yes, it's true: those commuting into London really do have it the [...]
City Moves for 20 January 2016 | Who’s switching jobs January 20, 2016 Like Minds Sarah Hollingworth has been appointed a senior consultant at employee communication specialists, Like Minds. She joins from Punter Southall, where she was a senior consultant in the DC Consulting Group and leader of its employee and member communication team. SalaryFinance Fintech platform SalaryFinance has announced the addition of Benefex founder and chief executive [...]
Insurer Prudential dusts off plans to leave the UK over EU regulations Solvency II October 4, 2015 One of the UK's largest insurers is reportedly mulling upping sticks in favour of Hong Kong or Singapore ahead of European Union regulations which are set to be introduced next year. Prudential is dusting off plans drawn up over three years ago to move its corporate base out of Britain and into Asia, according to the [...]
Royal Bank of Scotland is rebranding (but you may not notice) October 12, 2015 What better way for banks to distance themselves from a disastrous decade of bailouts and the Libor scandals than a rebrand. Now Royal Bank of Scotland, or RBS as we know it on the high street, is taking a big step forward by, er, changing those three letters from upper case to lower case. Literally, "decapitalising", as the [...]
Standard Chartered set to become India’s first foreign bank to set up a regional subsidiary October 6, 2015 Standard Chartered is set to become the first major foreign bank to set up a subsidiary in India. The Financial Times has reported that the London-based bank is the only one of India's three big foreign lenders – the others are HSBC and Citigroup – to agree to regulatory changes requesting foreign banks set up subsidiary companies. [...]
Standard Chartered is looking to set up an Indian subsidiary October 6, 2015 Standard Chartered is set to become the first major foreign bank to set up a subsidiary in India. The Financial Times has reported that the London-based bank is the only one of India's three big foreign lenders, which include HSBC and Citigroup, to agree to regulatory changes requesting foreign banks set up subsidiary companies. India [...]
Treasury Select Committee to launch HSBC tax inquiry as HMRC calls in the police February 12, 2015 The Treasury Select Committee has confirmed it will launch an inquiry into HSBC's Swiss private bank. The committee, headed by Conservative MP Andrew Tyrie, will take oral evidence from both the bank and HMRC executives as it attempts to get to the bottom of the hot potato issue that has dominated this week. Tyrie [...]