Job cuts show bonus benefits July 31, 2011 THE announcement that Credit Suisse is to cut 2,000 jobs follows an accelerating trend of redundancies in the banking industry, with some commentators speculating the total job losses across the sector could total over 50,000 this year. Many will arise as banks reassess business models in the light of changes to the economic climate and [...]
Job cuts show bonus benefits July 31, 2011 THE announcement that Credit Suisse is to cut 2,000 jobs follows an accelerating trend of redundancies in the banking industry, with some commentators speculating the total job losses across the sector could total over 50,000 this year. Many will arise as banks reassess business models in the light of changes to the economic climate and [...]
Don’t let the Eurozone split the single market September 25, 2011 Being a part of the developing European single market has provided huge benefits to the UK, both in terms of removing barriers to European trade and in helping the UK to compete in the global marketplace as part of a significant trading bloc that can go toe-to-toe with the US and the emerging Asian superpowers. [...]
New bank rules should be phased in gradually September 11, 2011 TODAY’S publication of the Independent Commission on Banking’s final report promises to be a watershed moment for the industry. The proposals outlined by Sir John Vickers and his colleagues could play a huge role in shaping the future of banking in the UK. However we must be very careful that at a time when bank [...]
New bank rules should be phased in gradually September 11, 2011 TODAY’S publication of the Independent Commission on Banking’s final report promises to be a watershed moment for the industry. The proposals outlined by Sir John Vickers and his colleagues could play a huge role in shaping the future of banking in the UK. However we must be very careful that at a time when bank [...]
CITY MOVES | WHO’S SWITCHING JOBS February 9, 2012 ICAEW Arthur Bailey has been elected as the next vice-president of the Institute of Chartered Accountants in England and Wales (ICAEW). Bailey, who will take office on 13 June, has served on ICAEW’s council for 14 years, including three years as chairman of the audit committee, and is a member of the board. He is [...]
Insurance firm chair to leave after 47 years February 27, 2012 ROBERT Hiscox is an art collector, father of five sons and the businessman who turned a small Lloyd’s of London underwriter into a FTSE 250 company. But after 47 years at the firm that bears his name, he says he will step down as chairman in a year’s time. He told City A.M. that he [...]
Get fit while the sun shines February 20, 2012 Two days without February’s usual inclement weather should have been enough to rouse from hibernation the part of your brain that craves exercise. Escape the tedium of the gym with these get-fit options that take advantage of the weather – while it lasts. TOUGH MUDDER Run by the special forces, Tough Mudder is an insane [...]
Street works are a sign the City is thriving August 29, 2011 LAST week’s news that the government is proposing to charge utilities companies for digging up roads during peak hours is the latest in a long line of measures designed to combat disruption. Such works are a huge problem for all London boroughs. But imposing financial disincentives can only ever be one part of a more [...]
London needs somebody to gamble on an IPO March 5, 2012 WITH the Edwards vacuum technology company heading for a £1bn flotation in the US and Mayfair-based jewellery retailer Graff also preferring a Hong Kong listing to braving the UK new issue markets, only one thing is certain: the London IPO market is in a pretty bad way. Bankers that I’ve been speaking to say they [...]