CITY MOVES | WHO’S SWITCHING JOBS July 23, 2012 Taylor Wessing Alix Prentice has been appointed partner in the law firm’s financial services regulatory team. She joins from Cadwalader, Wickersham & Taft, where she was special counsel in its financial services group. Prentice has also worked for the Financial Services Authority. Allianz Global Investors Corinne Crawford has been appointed director in the European consultant relations [...]
AA owner gears up for mooted insurance sale September 23, 2012 ACROMAS, the private equity backed owner of AA and Saga, has taken the first step in a possible break up of its portfolio after appointing Ernst & Young to value its business – opening the door for a sale of the firms. The heavily indebted investment house has to liquidate or refinance its assets by [...]
Entrepreneurs finally fighting back February 29, 2012 BUSINESS people have a tendency to run scared of political debate. They rarely want to criticise politicians on the record (though they are often extremely outspoken in private). They very rarely agree to give interviews to discuss controversial subjects. This is a great tragedy: capitalists are failing to speak up for capitalism, allowing those who [...]
The five most useful things to know about Junior Isas February 5, 2012 JUNIOR Isas were launched in November 2011. Any child born before September 2002, who does not already have a Child Trust Fund (CTF), can be signed up, as well as all children born after 3 January 2011. The Junior Isa scheme supplants the CTF (though the government does not contribute to the new scheme), and [...]
RAPID responses August 5, 2012 Political failings [Re: Fantasy economics: Nationalising RBS would be an epic nightmare, Friday] It’s worrying to think that, even after sub-prime, politicians are still calling for RBS to be nationalised. They are either playing to the electorate (the vast majority of which will argue that anyone in finance is immoral) or they are totally bereft [...]
BEST OF THE BROKERS January 8, 2012 GROUPE EUROTUNNEL Morgan Stanley downgrades the channel tunnel operator to “equal-weight” from over-weight, with a target price of €4.70 (£3.88) after a circa 30 per cent drop in its share price from its peak. The broker cites a weaker macro outlook and change in the market’s approach on valuation for the fall, and says that [...]
Bank accounts should become a rite of passage February 8, 2012 FINANCIAL education should be made a compulsory part of every school’s curriculum – that was the motion Justin Tomlinson MP put forward in Parliament just before Christmas. Tomlinson pointed out that debit card usage now exceeds cash usage. Yet about 19 per cent of parents have never discussed how to spend money with their teenagers [...]
PERSONAL FINANCE NEWS February 23, 2011 YOUNG FEMALE DRIVERS WILL PAY MORE The EU gender directive ruling, which is expected on 1 March this year, will decide whether or not it is legal for insurers to charge different premiums based on gender. Under the current rules, young female drivers pay less for their insurance than young men, based on the fact [...]
Regulatory hurdles for the UK financial sector to consider June 27, 2012 THE Olympics Delivery Authority (ODA) predicts 20m trips by spectators during London 2012, including some 3m on the busiest day. The resulting inevitable transport chaos is prompting businesses and employees to look closely at how best to keep operating efficiently, in particular working from home. Many financial services sector staff work in Docklands and the [...]
Credit Suisse to cut investment banking staff June 25, 2012 SWISS bank Credit Suisse is to cut senior staff in its European investment banking department by up to a third, sources said yesterday, as tighter regulation and weak markets hit the sector. “In the European investment banking business, they are going to get rid of 60 directors and managing directors,” one said. The investment banking [...]