FCA chiefs Martin Wheatley and David Lawton cling on despite damning Davis report on insurance market fiasco December 10, 2014 City watchdog Martin Wheatley came in for criticism yesterday as the £3.8m Davis report on the regulator’s handling of media briefings was released to the public. The Financial Conduct Authority’s (FCA) chief executive will forgo his bonus for 2013-14 as a result of the findings, as will David Lawton, director of markets, Zitah McMillan, director [...]
Alan Yarrow: My plans as lord mayor – creating wealth and championing volunteering November 16, 2014 As those of you who braved the elements last Saturday will know, there’s a new lord mayor in town. I am thrilled to have the opportunity to take over from Fiona Woolf in this 900 year old office. It is a big job, a big challenge, but one I am determined to meet. One of [...]
Philanthropy is like sex – every generation thinks they discovered it December 18, 2014 Two comments overheard in the last month or so indicate that in its own eyes, the City is becoming more philanthropic. Both came from 40 somethings, involved in the many giving networks for young professionals that are springing up around the Square Mile. In quiet conversation at after-event networking sessions they both commented, almost [...]
Ex-City sheriff Sir Paul Judge hit by setback over ENRC leak case November 4, 2014 The High Court has rejected an application made by Sir Paul Judge to strike out claims brought against him by his former employer, Eurasian Natural Resources Corporation (ENRC). He has also been ordered to pay 80 per cent of the company’s costs, which have yet to be determined. A source told City A.M. they [...]
Grapes and wrath: Why wine critic Robert Parker is skipping the famous Bordeaux tasting April 2, 2015 It’s tasting time in Bordeaux, when the wine world flocks to the banks of the Garonne to discover what the latest vintage has to offer. For the next few weeks critics and merchants will sniff, snort, swill and spit their way through hundreds of tastings before passing judgement on the wines of 2014. This [...]
City Matters: Why we need to reward the City of London’s hidden talent – for doing good April 6, 2014 FOR THE last three decades, the Lord Mayor’s Dragon Awards have recognised outstanding corporate community partnerships by businesses across the capital. London is one of the world’s leading financial centres and is home to some of the most innovative and dynamic businesses in the world. Many of these companies utilise the skills and enthusiasm of [...]
Taxi app Uber referred to HMRC by TfL over tax complaint by Margaret Hodge October 15, 2014 Uber, the smartphone taxi app, has been referred to HM Revenue & Customers by London’s taxi and minicab regulator Transport for London (TfL). The referral follows a complaint by Labour MP Margaret Hodge that Uber’s Dutch operating firm Uber BV does not pay tax in the UK and was “opting out of the UK tax [...]
HSBC boss attacks gay City leaders who stay in the closet November 10, 2014 Antonio Simoes, the chief executive of HSBC's UK operation, has criticised gay City leaders who stay in the closet. Speaking at a conference hosted by Deutsche Bank in the City today, Simoes, who spoke openly about his sexuality for the first time in a video message to his employees last year, said business leaders have [...]
Societe Generale close to a deal for Canary Wharf headquarters October 20, 2014 French bank Societe Generale is understood to be close to signing a deal for a new office in Canary Wharf. The financial heavyweight had been widely expected to plump for a new headquarters in Spitalfields at the City Corporation’s Fruit and Wool Exchange site, but the bank is now reported to have chosen a site [...]
The 100 City people you need to follow on Twitter this year, day five: Thought leaders January 9, 2015 On the final day of our list, we've gone abstract: having gone through entrepreneurs, analysts, chief executives and economists, our final day provides some food for thought for those looking for a bit of inspiration in their Twitter streams. Whether they're well-known faces or small-time entrepreneurs; whether they've come up with a new way to [...]