Ex-HSBC boss Lord Green under fire over Swiss bank tax evasion row February 9, 2015 Ex-HSBC boss Lord Green was under intense pressure last night after revelations that HSBC’s Swiss private banking arm helped clients evade and avoid hundreds of millions of pounds of taxes. The bank said it now refuses to work with anyone it suspects of dodging taxes, but the focus has fallen on Green’s time as chief [...]
Cyber security talent shortage: Business is struggling to keep up with sophisticated criminals October 26, 2015 Concerns about cyber security are growing in prominence, but companies and law enforcement agencies are still playing catch-up in their attempts to counter ever more sophisticated cyber criminals. While the cyber attacks on TalkTalk and Ashley Madison have made headlines around the world, the day-to-day business of protecting a company against attack goes largely unnoticed. [...]
City Moves for 30 November 2015 | Who’s switching jobs November 29, 2015 LEGAL & GENERAL INVESTMENT MANAGEMENT REAL ASSETS The investment manager has announced three appointments to its research team. Declan O’Brien (pictured) joins as infrastructure strategist from Moody’s Investors Service, where he was an assistant vice president within project and infrastructure finance. Enrico Faccioli joins as research analyst. He is a recent graduate of Warwick Business [...]
Standard Chartered results 2015: Asia-facing bank to post third-quarter performance amid capital-raising reports November 2, 2015 Standard Chartered is expected to post another drop in profits tomorrow, as new chief executive Bill Winters struggles to turn around the ailing Asia-facing bank. The results come amid increased speculation that Standard Chartered is looking to raise at least $4bn (£2.59bn) from investors. Bloomberg first reported last week that Standard Chartered management had met [...]
What are the best companies to work for in the UK? Expedia, Hays and AKQA triumph ahead of Google and Goldman Sachs December 9, 2015 Move over Google. Its treats such as slides, sleep pods and snacks have failed to win over staff, and the mighty tech company has been toppled from its perch as the best company to work for in the UK while home grown firms climbed ahead. Flying to the top spot from number 25 last year was online travel [...]
HSBC’s private banking arm placed under formal investigation by French authorities November 21, 2014 The Swiss private banking arm of HSBC has been put under investigation in France. French magistrates are looking into whether the bank helped some of it clients avoid making tax payments in 2006 and 2007. Earlier this week it emerged the bank's Swiss private banking arm had been put under investigation for fraud by Belgian [...]
FTSE jumps as investors cheer the Fed rate rise – London Report December 18, 2015 TOP SHARE index, the FTSE 100, climbed yesterday, tracking gains on other equity markets after investors took the first US interest rate rise in nearly a decade as a sign of policymakers’ confidence in the world’s biggest economy. The FTSE rose 41 points, or 1.2 per cent to 6,102 points, but is down by around seven [...]
Shawbrook’s share price is sliding after its largest investor sells 10 per cent stake November 12, 2015 Challenger bank Shawbrook's share price was one of the largest fallers on the FTSE 250 this morning, after its largest shareholder announced plans to sell its stake in the company. Special Opportunities Fund (SOF), the shareholder, is planning to sell a ten per cent stake. Shawbrook's share price was down 7.7 per cent at 332.8p per share [...]
The financial sector jobs boom is spreading across the UK November 23, 2015 The jobs boom that has engulfed the capital and its financial sector is now on its way to other regions of the country, according to new figures released this morning. The number of permanent opportunities for professional roles was up six per cent in October compared with the same month last year, data from the Association of [...]
Google in talks to invest in Bloomberg rival Symphony October 5, 2015 Google has reportedly entered into talks with Goldman Sachs-backed startup Symphony Communication for a round of fundraising. The talks are ongoing and no terms have been finalised, a source told Reuters. Earlier today the Wall Street Journal reported people familiar with the matter said Google had invested in a new round of funding for Symphony, valuing the [...]