Row over Frankfurt power grab July 7, 2010 A CRUNCH vote on sweeping changes to financial regulation in Europe has been delayed amid accusations of a secret attempt to shift power from London and Paris to Frankfurt. The European Parliament has pushed back a decision on the workings of three super-watchdogs until September after 11th-hour tweaks to the legislation caused a furore among [...]
Row over Frankfurt power grab July 7, 2010 A CRUNCH vote on sweeping changes to financial regulation in Europe has been delayed amid accusations of a secret attempt to shift power from London and Paris to Frankfurt. The European Parliament has pushed back a decision on the workings of three super-watchdogs until September after 11th-hour tweaks to the legislation caused a furore among [...]
Historic water fountain at St Paul’s opens May 23, 2010 THE first public drinking fountain certified in London in 30 years has opened in the City. The fountain, located alongside St Paul’s Churchyard, was a hit with tourists over the scorching weekend. The fountain, which could be the first of many across the City, is part of a proposed scheme to restore the historic drinking [...]
TOP FOREX STAR TAKES TIME OUT FROM RBS August 24, 2010 A BLOW for the Royal Bank of Scotland – and, by extension, to the rest of us – as one of the most celebrated foreign exchange traders in the City hops out of the bank’s revolving door. Mark Barnes stepped up to the role of global head of forex trading at RBS last year, and [...]
PROPERTY NEWS November 18, 2010 RENTS ON THE RISE Rents rose for the ninth consecutive month in October to £691 while tenant arrears fell significantly for the second month in a row, according to the latest buy-to-let index from LSL Property Services. Unpaid rent totalled £221m, down from £229.3m in the previous month. This accounted for just 9.3 per cent [...]
NOMURA READY FOR ROOF WITH A VIEW June 20, 2010 Only weeks to go now before the biggest decampment the City has seen in a while; Japanese bank Nomura’s move back to the City from the Canary Wharf offices it inherited from Lehman Brothers a few years back. The bank, which will move its staff floor by floor to minimise disruption, starting on 12 July, [...]
NOMURA READY FOR ROOF WITH A VIEW June 20, 2010 Only weeks to go now before the biggest decampment the City has seen in a while; Japanese bank Nomura’s move back to the City from the Canary Wharf offices it inherited from Lehman Brothers a few years back. The bank, which will move its staff floor by floor to minimise disruption, starting on 12 July, [...]
Mid-market firms feel the upturn strain June 13, 2010 MIDDLE market lawyers and consultants are struggling to tap into the nascent economic recovery, according to the second monthly City A.M./Begbies Traynor health monitor for the Square Mile. While bigger players are benefiting from the return of property development and corporate activity, our numbers show smaller operations are fighting to survive as clients demand more [...]
Learning lessons from BP’s mistakes August 11, 2010 AND relax. At long last the great BP oil spill disaster of 2010 appears to be over. Black stuff is no longer leaking into the Gulf of Mexico, killing everything in its path. Brown stuff is no longer being power-hosed at Tony Hayward, the hapless CEO whose poor media performances enraged Americans and helped halve [...]
Learning lessons from BP’s mistakes August 11, 2010 AND relax. At long last the great BP oil spill disaster of 2010 appears to be over. Black stuff is no longer leaking into the Gulf of Mexico, killing everything in its path. Brown stuff is no longer being power-hosed at Tony Hayward, the hapless CEO whose poor media performances enraged Americans and helped halve [...]