Monte dei Paschi’s ex-finance chief arrested in Italian probe February 14, 2013 ITALIAN police yesterday arrested the former head of Monte dei Paschi’s finance department, who is at the centre of an inquiry into alleged fraud and bribery at Italy’s third largest bank. Gianluca Baldassarri is the first person to be arrested in a widening scandal that has rocked the world’s oldest bank and stirred up a [...]
Coalition must not become complacent on economic growth October 25, 2012 UNLIKE some commentators, I don’t think David Cameron did anything especially wrong yesterday. He hinted at Prime Minister’s Question Time that the economy was improving; he didn’t leak the GDP figures. The statistics will be published this morning; so there is little point speculating about them. But it is worth noting that when the Prime [...]
Coalition must not become complacent on economic growth October 24, 2012 UNLIKE some commentators, I don’t think David Cameron did anything especially wrong yesterday. He hinted at Prime Minister’s Question Time that the economy was improving; he didn’t leak the GDP figures. The statistics will be published this morning; so there is little point speculating about them. But it is worth noting that when the Prime [...]
IPF shares up as profit falls July 24, 2012 CREDIT firm International Personal Finance yesterday announced a drop in profits after an increase in early settlement rebates in the Czech Republic and Slovakia region. The group reported a fall in underlying pre-tax profits to £31.4m, down from £35.7m last year. Profits from the Czech-Slovakia region were down 28 per cent due to a £4.9m [...]
Olympic lawyer takes a gold at legal awards February 10, 2013 THE great and the good of the legal profession gathered at Mayfair’s Grosvenor House for the 2013 Legal Business Awards. Almost 1,000 lawyers donned black tie for the 16th annual incarnation of the ceremony, which saw American firm Cleary Gottlieb take home the prized gong for Law Firm of the Year. However the biggest cheer [...]
Frontline Economics: The 10p rate is pure politics – let’s raise people out of income tax altogether February 18, 2013 MILTON Friedman once said, “I am in favour of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible.” I agree, particularly for taxes on income. There is a strong moral case for easing the burden, especially now the cost of living is rising above nominal wages. Yet Ed Miliband’s [...]
City Moves for 25 February 2013 | Who’s switching jobs February 24, 2013 Eversheds The law firm has announced the appointment of Greg Hammond as partner responsible for building its energy and corporate capabilities. Hammond joins the firm from Akin Gump Strauss Hauer & Feld, where he was a partner in its cross-border transactions practice. He is a member of the legal advisory taskforce to the Energy Charter [...]
PERSONAL FINANCE NEWS September 7, 2011 NEW MOBILE APP FOR INVESTORS Hargreaves Lansdown has released a new smartphone app, allowing investors to view their Isa, Sipp and other investments on both iPhone and Android systems. Ofcom figures show that 27 per cent of UK adults now own a smartphone.“The age of connected computing is with us,” says Richard Hunter, head of [...]
BoAML loses prime broker January 8, 2013 CHARLOTTE Burkeman, the Europe, Middle East and Asia head of prime brokerage at Bank of America Merrill Lynch is leaving the firm, two sources said yesterday. London-based Burkeman, 34, was a former prime brokerage executive at UBS and a former associate at Goldman Sachs and is considered one of the industry’s young rising stars. One [...]
Which? calls for finance lessons as young suffer July 22, 2012 WHICH? is calling for compulsory personal finance education to be introduced in schools, after a survey carried out by the consumer campaigning charity found that young people aged 18-29 years old are bearing the brunt of the economic crisis. Which?’s quarterly economic survey, published tomorrow, shows that young adults’ living standards have fallen by twice [...]