CASE STUDIES| NEWS FROM THE COURTS THIS WEEK March 1, 2011 BGC/TULLETT PREBON APPEAL FAILS The Court of Appeal has rejected an appeal by interdealer broker BGC over its poaching of staff from rival Tullett Prebon. When the CEO of Tullett, Tony Verrier, joined BGC from Tullett Prebon he tried to persuade 13 brokers to go with him. Ten joined but three stayed with Tullett. The [...]
Only 4.2pc of top bankers are women March 28, 2011 ONLY 17 of the top 220 most senior bankers on investment banks’ executive committees or equivalent are women, according to research published yesterday. The study, carried out by Financial News, shows that women make up just eight per cent of banks’ executive, corporate and investment banking committees – fewer than one female member for each [...]
IT’S A GAS FOR CLARE AT BANKER BRIEFING April 20, 2011 HOW can money be the same as gas? It’s a good question, and one that bankers were giving serious thought yesterday at a lunchtime talk at Clifford Chance by Clare Spottiswoode, member of the Independent Commission on Banking. The former gas regulator had been briefed to update 34 high-powered bankers, including Antony Jenkins, group chief [...]
IT’S A GAS FOR CLARE AT BANKER BRIEFING April 20, 2011 HOW can money be the same as gas? It’s a good question, and one that bankers were giving serious thought yesterday at a lunchtime talk at Clifford Chance by Clare Spottiswoode, member of the Independent Commission on Banking. The former gas regulator had been briefed to update 34 high-powered bankers, including Antony Jenkins, group chief [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 4, 2011 FINANCIAL TIMES LIBYAN REBELS SET FOR FIRST CRUDE EXPORTS Libyan rebels are set for their first oil export as soon as Tuesday as they seek funding to sustain their uprising against Muammer Gaddafi’s rule. The Liberia-flagged Equator tanker was off Port Said, Egypt, early on Monday and is expected to dock at the Marsa el-Hariga [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 26, 2010 FINANCIAL TIMES CHINA AND US CLOSER ON TRADE TARGETS China and the US have the basis for an agreement at the summit of the Group of 20 leading nations next month on setting targets to cut trade imbalances, according to an adviser to the Chinese central bank. Li Daokui, a member of the central bank’s [...]
StanChart to buy GE Money January 24, 2011 Standard Chartered bank has confirmed plans to buy the Singapore-based firm GE Money. Standard Chartered has not revealed the offer price for the car and personal loans provider, but said GE Money had assets worth $1.8bn (£1.13bn). General Electric has been trimming back its finance arm GE Capital since the financial crisis hit. the company [...]
For some, it’s a borrower’s market February 2, 2011 FANCY a new car, luxury holiday or that longed-for loft conversion but don’t have the cash? This could be the moment for you to bag a bargain. As businesses struggle amid the economic downturn, they are offering some very good deals, at least to certain clients. With care, you may be able to net an [...]
WHAT DOES THE CHANCELLOR’S BUDGET MEAN FOR YOU? March 23, 2011 CATHERINE GANNON, 48 MANAGING DIRECTOR OF CITY LAW FIRM GANNONS LAW LLP Catherine is single with two children, earns a gross income of over £100,000 a year and pays a mortgage on her family home. She has a share portfolio and also has mortgages on various investment properties. She does not drink or smoke. She [...]
WHAT DOES THE CHANCELLOR’S BUDGET MEAN FOR YOU? March 23, 2011 CATHERINE GANNON, 48 MANAGING DIRECTOR OF CITY LAW FIRM GANNONS LAW LLP Catherine is single with two children, earns a gross income of over £100,000 a year and pays a mortgage on her family home. She has a share portfolio and also has mortgages on various investment properties. She does not drink or smoke. She [...]