City Moves for 17 November 2014 | Who’s switching jobs November 16, 2014 Weightmans The law firm has announced the appointment of Nick Richards as partner in its large loss and technical insurance team in London. He was previously a partner at Morgan Cole, and has over 20 years’ experience handling EU cross-border and large loss claims. National Counties Building Society Cameron Amaira has been appointed head of [...]
Christopher Bailey tops OUTstanding list of LGBT business leaders as Goldman Sachs and JP Morgan bosses make straight allies cut October 8, 2014 Two of the world’s best known names in banking have shattered any perceptions of stuffy conservatism by featuring in lesbian, gay, bisexual, and transgender (LGBT) professional network OUTstanding’s top 10 straight allies’ list. Goldman Sachs boss Lloyd Blankfein came in second with JP Morgan’s Jamie Dimon not far behind in sixth, recognising the contribution the [...]
Brussels claims British banks’ role-based allowances are in breach of EU bonus cap rules October 15, 2014 British banks face another nine months of rows with the European authorities and could end up in a fierce legal battle, after the European Banking Authority (EBA) yesterday claimed they were in breach of new EU rules on bonuses. The UK authorities back the banks’ role-based allowances, which are a new element of pay. [...]
Scottish independence referendum: Business leaders show hands over Scotland vote September 17, 2014 Business leaders gave their opinions on the Scottish vote yesterday, with HSBC’s Douglas Flint, M&S’ Marc Bolland, Kingfisher’s Ian Cheshire and Michelle Mone of Ultimo calling for a No vote. George Mathewson, of Toscafund, Brian Souter of Stagecoach and ex-William Hill chief Ralph Topping were all in the Yes camp. Aberdeen Asset Management boss Martin [...]
Europe’s biggest banks are still facing dozens more giant fines September 11, 2014 EUROPE’S biggest banks could face as many as 63 more giant fines between them over the coming years as regulators continue to comb through their misdeeds, analysts at Berenberg warned yesterday. There are 15 major issues still outstanding which could lead to fines of more than €100m (£80m) each, per bank. Those investigations include Libor [...]
Manufacturing figures point to slower growth – London Report November 2, 2014 MANUFACTURING figures due out today are likely to show a loss of momentum in the UK economy’s growth. The manufacturing purchasing managers’ survey for October is forecast to sit at 51.5, the same as for September and weaker than the rates of 52.2 in August and 54.7 in July. A reading of 50 shows no [...]
The European Court of Justice has dealt a blow to George Osborne’s banker bonus cap challenge November 20, 2014 The European court should reject George Osborne's challenge to the EU's cap on banker bonuses, according to one of its senior advisors. Niilo Jääskinen, an advocate general at the European Court of Justice's (ECJ), has said that all the UK’s pleas should be dismissed and that the action should be scrapped. He said that the [...]
Ice bucket challenge hits the City as finance chiefs get a soaking August 25, 2014 It’s official; the ice bucket challenge has hit the City. HSBC’s chief economist Stephen King, PwC’s Andrew Sentance and economist Danny Blanchflower have all had a soaking. But we particularly liked this snap of Withers’ co-head of wealth planning, Filippo Noseda feeling the cold, in his pants. Who’s next? Come on, Carney.
Lake Capital funds boost MHP’s hires with key investment banker September 28, 2014 FOLLOWING the £100m takeover of Engine Group by US private equity firm Lake Capital in July its PR firm MHP Communications will today announce a key hire, supported by financing from Lake Capital. Tim Rowntree, Numis Securities managing director of corporate broking, will join MHP in mid-October as a managing director. In his time at [...]
Golf Comment: Watson has replaced Woods as America’s best November 10, 2014 LAST year Bubba Watson moved into Tiger Woods’s old mansion in Isleworth, Florida. Perhaps he found the former world No1’s swing notes in the cupboard, because he’s gone from strength to strength. Watson, who donned the Masters winner’s green jacket for a second time in April, racked up title No3 of a stellar 2014 on [...]