The City has a new king November 26, 2012 CHANCELLOR George Osborne stunned the City yesterday by appointing Canada’s Mark Carney as the new governor of the Bank of England – the most powerful unelected role in the UK. Former Goldman Sachs executive Carney is currently head of Canada’s central bank, a position he will give up on 1 June 2013 in order to [...]
Carney is a great choice – but he didn’t save Canada November 26, 2012 IN hiring Mark Carney, George Osborne has ensured that Britain will stay at the forefront of global financial market regulation. The new governor will be a game-changing counterweight to European banking reform and a man certain to keep the UK’s financial services sector at the centre of its economic recovery. His chairmanship of the Financial [...]
Canary Wharf Group gets behind finance entrepreneurs September 30, 2012 FOR too long, the worlds of entrepreneurship and finance have been separate spheres. The choice has always been between working for a behemoth in the corporate jungle, or taking that leap of faith to go it alone in a field of work unrelated to your City career; indulging a personal passion – perhaps opening that [...]
John Cridland wants to get UK building again November 15, 2012 JOHN Cridland is one of the few people who could get excited by the prospect of working next to a building site for six years. The view from his office window in London’s Centrepoint building is currently a mess of cement mixers, trucks and cranes as the Crossrail construction crews set about transforming Tottenham Court [...]
Nutmeg: We will shake up banks October 7, 2012 INVESTMENT BANKS are stifling innovation and have failed to deliver the benefits of the digital revolution, the founder of a British online fund manager has claimed. Nick Hungerford, the chief executive and founder of Nutmeg, a personal portfolio manager promising to be the “Facebook of wealth management”, told City A.M. that major investment banks lack [...]
Politicians must be more open about their tax affairs April 15, 2012 POLITICIANS have begun lining up to declare their willingness to publicly reveal their personal tax details. The practice will never result in true financial “transparency,” and the word shouldn’t even be used when talking about political leaders’ tax statements. Still, it’s a step in the right direction. Both established office holders and candidates for office [...]
PERSONAL FINANCE NEWS May 4, 2011 MINTS ARE THE NEW BRICS After the success of the Brics, Fidelity is asking whether Mexico, Indonesia, Nigeria and Turkey (Mints) are the investment opportunities of the next decade. Fidelity says “Mints may just have the potential to be as rewarding for investors over the next ten years as BRICs have been in the past [...]
PERSONAL FINANCE NEWS May 4, 2011 MINTS ARE THE NEW BRICS After the success of the Brics, Fidelity is asking whether Mexico, Indonesia, Nigeria and Turkey (Mints) are the investment opportunities of the next decade. Fidelity says “Mints may just have the potential to be as rewarding for investors over the next ten years as BRICs have been in the past [...]
Bond bubble fears grow as investors query debt valuation April 9, 2012 GOVERNMENT bonds are increasingly overvalued, according to a growing majority of personal finance advisers, stoking fears that money-printing and the market’s flight to “safe haven” assets are inflating a catastrophic bond bubble. More than three quarters of 520 professional investment advisers quizzed by the CFA Society UK, their industry body, now say that government debt [...]
Britain needs more venture capitalism – not a state bank September 25, 2012 HERE is a simple question. What do you think would do more to help the provision of finance for small firms? Vince Cable’s new state bank, which will begin its operations in 18 months’ time, or a radically improved tax system to improve the provision of equity financing and venture capital? In other words, is [...]