Diversity blow: UK banks lost 10,000 women in 2020 March 12, 2021 The number of women at the UK’s five biggest lenders shrank by three per cent during 2020, according to new Bloomberg data. Men saw a decline of around 2.1 per cent as banks pushed ahead with long-planned cuts and navigated the Covid-19 crisis. At NatWest, roles filled by women fell by nine per cent compared [...]
City Moves: Who is switching jobs in the Square Mile this week? March 10, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. New strategy director joins Wates Construction Wates Construction Group has appointed a new strategy and integration director for its recently formed group of businesses Wates Integrated Construction Services (WICS). Joining the London office, [...]
Coming or going? Aviva the latest to cut office space as rival bosses say ‘remote working can’t last’ March 4, 2021 Aviva the latest to cut office space as rival bosses say 'remote working can't last'
Brits are suffering from home working ‘fatigue’, says Canary Wharf boss March 1, 2021 Brits are ready to return to the office because a year of working from home has left many “fatigued”, a top executive at Canary Wharf Group has said. Howard Dawber, head of strategy at the property giant, said that while working habits may change after the pandemic, people are missing office and city-centre life. “We’ve [...]
Majority of work from home job listings now ‘temporarily remote’, as return to office nears February 26, 2021 Majority of work from home job listings now 'temporarily remote'
Challenger bank Monument raises £28m ahead of summer launch February 25, 2021 A new challenger bank that wants to target wealthy savers has raised £28m from individual investors ahead of its launch this summer. Monument is targeting “mass affluent” clients, including property investors and entrepreneurs, offering a similar service to private banking. The neobank has said it will offer customers the opportunity to seek property investment loans [...]
St James’s Place bullish on prospects as profit jumps February 25, 2021 St James’s Place is targeting more than £200bn in funds under management by the end of 2025 after a surge in profit amid the market recovery. Funds under management for the year ended 31 December stood at a record £129.3bn compared with £117bn the previous year. Wealth managers have benefited from the market recovery after [...]
Wall Street tanks as tech stocks drag down market February 25, 2021 Wall Street has tanked today, with technology stocks in particularly dragging down the markets. The S&P 500 was down more than 2 per cent at one point, and retreating technology stocks dragged the Nasdaq down more than 3 per cent, as the benchmark 10-year note yields surged above 1.6 per cent to the highest in [...]
Standard Chartered to cut office space as dividend returns despite profit hit February 25, 2021 Standard Chartered will resume its dividend for the full year despite a sharp fall in profit due to the pandemic, as it unveiled plans to slash office space in the coming years. The London-based lender, which halted its payout last year at the request of the Bank of England, said it will pay a dividend [...]
City A.M. TV: Daily Market Snapshot (video) February 22, 2021 After a false breakout to the upside in equity markets early last week, momentum has shifted sharply to the downside. With that, there has been further weakness in key equity index futures markets in Asian trading overnight. As a result, there are now two key factors that we are watching to judge when the downside has played out and, therefore, when to reinstate LONG positions. Those [...]