HSBC’s Carole Plant joins 100 leading ladies October 1, 2014 Somerset House played host to some of the UK’s most successful women last night as photographer Nancy Honey launched her new portrait book, 100 Leading Ladies. The business world got more than a passing nod, with Coast chief Kate Bostock, former chief of Lloyds TSB Scotland Lady Susan Rice and HSBC’s Carole Plant. “I came [...]
City Moves for 26 August 2015 | Who’s switching jobs August 25, 2015 Close Brothers Asset Management Nicholas Cliffe has been appointed investment director at the investment management firm. He joins from HSBC Global Asset Management, where he spent five years as a discretionary wealth manager. Ashurst The law firm has appointed Shaun Lascelles as a partner in its global private equity team. He joins from the London [...]
George Osborne set for a grilling over new bank tax July 20, 2015 George Osborne is expected to face a grilling from MPs today over the new bank surcharge – set to be introduced next year – when he appears before a Treasury select committee for the first time since the Budget. Mark Garnier, a Conservative minister on the Treasury select committee, told City A.M. that while [...]
Whistleblowers should be “rewarded and celebrated”, says HSBC boss September 23, 2014 Whistleblowers at financial services firms should be "rewarded and celebrated", HSBC Group chairman Douglas Flint said at the launch of a campaign encouraging people to speak out against wrongdoing today. Set up by the Chartered Institute of Securities and Investment, Speak Up is designed to encourage the financial services industry to help staff who [...]
George Osborne’s great government sell-off: Taxpayers risk getting burnt as sun may yet shine on RBS June 10, 2015 So after almost seven years, the moment has arrived. The symbolic importance of George Osborne’s announcement last night that the Treasury is to begin selling Royal Bank of Scotland (RBS) shares at a loss is hard to overstate. “I’m not interested in what is easy – I’m interested in what is right,” he told [...]
Leasing activity in London office market heats up to 17-year high June 29, 2015 LEASING activity in the London office market hit 6.3m square feet in the first half of 2015 – the highest level in 17 years – fuelled by pent up demand on the back of the General Election and firms moving east. Property advisory firm Cushman & Wakefield said lettings in the second quarter reached 3.3m [...]
Barclays cheque scanning tech leaves other banks in the past July 2, 2015 Barclays customers are ahead of the curve when it comes to financial technology, as the bank’s secure cheque-scanning service was made available to all smartphone customers yesterday. Cheque imaging, which iPhone-owning Barclays clients have been able to use since last year, allows anyone using their banking app to pay a cheque into an account [...]
Lloyds, GSK and Vodafone: The 10 shares pension drawdown investors are buying up August 5, 2015 Four months after pension savers were given freedoms allowing them to withdraw their savings and invest it into other areas, they have yet to spend their pension pots on those Ferraris everyone was worried about when the freedoms were first announced. Or that's according to financial adviser Hargreaves Lansdown, anyway, which has listed the top [...]
FCA hits RBS, HSBC, UBS, JPMorgan and Citi with record £1.1bn fine in forex rigging scandal November 12, 2014 Some of Britain's biggest banks have been slapped with a fine of £1.1bn by the Financial Conduct Authority (FCA) for "failing to control business practices" in their foreign exchange trading operations. After a year-long investigation into allegations of rate-rigging in their spot forex trading businesses, the UK's financial watchdog said the actions of the five [...]
George Osborne puts all economic bets on China and plans to bring the London and Shanghai Stock Exchanges closer together September 22, 2015 Chancellor George Osborne will today brush off concerns over volatility in Chinese markets and reveal new plans to connect British and Chinese stock exchanges. Unfazed by August’s market shocks, and the authoritarian response from Beijing, Osborne will say at the Shanghai Stock Exchange today: “Whatever the headlines, regardless of the challenges, we shouldn’t be [...]