OED endorses mansion taxes and micro pigs August 22, 2012 LEXICOGRAPHERS of the internet rejoice: the latest additions to Oxford Dictionaries Online are out. Like its dead-tree counterpart the Oxford English Dictionary, ODO periodically picks the best new words and phrases to add to its online library, skewing the list towards trendy buzzwords to craftily boost its traffic. Today’s additions include “Dunbar’s number”, the upper [...]
Bumi’s issues are a further blow to IPOs September 25, 2012 WHEN Nat Rothschild set about raising finance in the City last year for a special purpose acquisition company named Vallares, he was met by investors with open arms. Going to the market through advisers at Credit Suisse, JP Morgan and Evolution (now part of Investec), the heir to the Rothschild dynasty rose above the woes [...]
Another banking scandal was the last thing the City needed August 6, 2012 JUST when it felt as if it couldn’t get any worse for the City, it is now Standard Chartered’s turn to be engulfed in a major scandal. The bank – which didn’t need a bailout and is hugely successful thanks to its emerging market focus – stands accused by US regulators of having deliberately ignored [...]
LAW FIRM OF THE YEAR August 5, 2012 SINCE City A.M.’s last awards ceremony in 2011, the legal sector has undergone one of the biggest shake-ups in recent years with the introduction of the Legal Services Act. The introduction of Alternative Business Structures (ABS) on 3 January was a formal acknowledgment of the ripples of change that have been spreading across the legal [...]
RAPID RESPONSES July 31, 2012 Banking guidance [Re: Our decisive central bank has been neutered by regulatory confusion, yesterday] I agree with Lord Flight and, as a former financial regulator, recognise the limitations of all regulation. Too much is unrealistically expected. It’s an impossible task to protect fools from their own folly. In my view, the FSA has too wide [...]
Lloyds ploughs £20m into new restaurant fund September 3, 2012 LLOYDS Banking Group’s private equity arm said yesterday it has agreed to provide £20m for a new restaurant fund set up by the former boss of The Clapham House Group. Paul Campbell is setting up the fund through his vehicle Hill Capital in partnership with LDC to invest in restaurant businesses with a small number [...]
Build for the future to keep the City running February 26, 2012 THE recent Court of Appeal hearing regarding the St Paul’s protest will be welcome news to many working in the City. Although peaceful protest is a democratic right and often sparks important debate, it is equally important that the rights of people working in the City are also respected. The mess and nuisance generated by [...]
Introducing the Awards’ sponsors August 7, 2012 Lexus Lexus enjoys a global reputation for innovation, performance and the highest standards of quality, reflected in its multiple awards for customer service and satisfaction. Within the highly competitive luxury car market it has led the world in developing refined and efficient hybrid power models and has pioneered advanced technologies for exceptional safety, handling and [...]
Meet the investment banker who gave insurance a whirl October 14, 2012 AFTER the chaos of last year, 2012 has so far been something of a relief to the insurance industry. A perfect storm of floods in Australia and Thailand, the Japanese tsunami and nuclear disaster and the earthquake in New Zealand made 2011 the second most expensive on record for the Lloyd’s of London market, and [...]
Military giants eye £29bn merger deal September 12, 2012 BRITISH defence giant BAE Systems yesterday confirmed that it is in merger talks with Airbus’ parent company EADS to create the world’s biggest aerospace company. The deal would create a European manufacturing giant worth £29bn that could revolutionise the commercial airliner business and compete with Boeing and Lockheed Martin for government defence contracts across the [...]