Lawyers slam SFO disclosure failings for ‘miscarriage of justice’ in Tom Hayes Libor conviction April 27, 2018 The legal team for convicted Libor trader Tom Hayes has slammed the Serious Fraud Office (SFO) for a series of disclosure failings they say led to a miscarriage of justice and his wrongful conviction. Hayes’s lawyer Karen Todner has written to parliament’s Justice Committee urging it to probe the SFO as part of an inquiry [...]
New York and Geneva among 10 most expensive cities in the world for business travel April 17, 2018 London is no longer one of the top 10 most expensive cities for business travel in the world, according to research released today. Geneva topped the board in Europe for the fourth year in a row, with the total cost of a standard business trip to the Swiss city coming in at £554 a day. [...]
These are the most expensive cities for business travel in the world, as London drops out of top 10 April 17, 2018 London is no longer one of the top 10 most expensive cities for business travel in the world. Geneva topped the board in Europe for the fourth year in a row, with the total cost of a standard business trip to the Swiss city coming it at £554 a day, compared to £448 in London. [...]
London remains on top of the world for global financial services says major report March 26, 2018 London has retained its top spot as the world’s leading financial centre, fending off stiff competition from New York and Asian cities, according to an authoritative study to be published today. The global financial centres index, compiled by think tank Z/Yen, will show the City leading the pack of 110 cities analysed for the 23rd [...]
Lloyds Bank profits jump despite increased PPI bill February 21, 2018 Lloyds Bank annual profits leapt by almost a quarter despite a jump in PPI payouts. The figures Net interest income rose eight per cent to £12.3bn while operating costs were one per cent higher at £8.2bn. Lloyds’ provision for PPI rose from £1bn to £1.7bn. Profit before tax was £5.3bn, up 24 per cent. Dividends [...]
Standard Life Aberdeen shares slump after £109bn Scottish Widows mandate is axed February 15, 2018 Standard Life Aberdeen was today dealt a blow after being stripped of £109bn of assets it manages on behalf of life insurer Scottish Widows. The newly merged fund management behemoth said it would lose up to five per cent of annual revenues and take a £40m impairment charge after Scottish Widows’ owner Lloyds Bank pulled [...]
Standard Life Aberdeen share price falls after being stripped of £109bn Lloyds Bank owned Scottish Widows mandate February 15, 2018 Standard Life Aberdeen was today dealt a blow after being stripped of £109bn of assets it manages on behalf of life insurer Scottish Widows. The newly merged fund management behemoth said it would lose up to five per cent of annual revenues and take a £40m impairment charge after Scottish Widows’ owner Lloyds Bank pulled [...]
Don’t listen to the naysayers: The City is Brexit-proof and will remain the world’s financial hub February 5, 2018 The City of London is in a strong position to maintain its status as the world’s financial capital. Many of the City’s strengths are deeply embedded and therefore “Brexit-proof”. Moreover, London is in pole position to become the centre of global fintech. But we cannot be complacent. The international environment is competitive. The biggest challenge [...]
It’s getting hot out there, and investors need to protect themselves February 2, 2018 In a previous incarnation, I was a theoretical astrophysicist. In that role, I worked on a team that tried to parse how much of global warming could be attributed to the sun and how much to human causes. As someone who worked directly with climate change data, I can assure you: Climate change is real. [...]
Luxury alpine chalet Tivoli Lodge offers not only skiing, but the chance to rub shoulders with the global elite of Davos January 26, 2018 Even when debating the world’s most pressing issues – starvation, pollution and political repression at the World Economic Forum in Davos – the global elite still expect the luxury to which they’re accustomed. As the world's movers and shakers descended on Davos for the annual jamboree, City A.M. grabbed the chance to sample that very [...]