Hong Kong Racing Tips: Valley punters will be Grateful Moore is back December 8, 2020 IT’S showtime at Happy Valley on Wednesday when the inner-city track hosts the International Jockeys’ Championship, a four-race format with £50,000 and trophy to the winning jockey. With a galaxy of star jockeys from around the world, including English contingent Tom Marquand, Hollie Doyle, Ryan Moore and William Buick, as well as local favourites Joao [...]
Trader convicted of rigging Libor to be released from prison in January November 2, 2020 Tom Hayes, a former UBS and Citigroup trader convicted of rigging the Libor benchmark, is to be released from prison in January after more than five years. Hayes, who was convicted of rigging the London interbank offered rate (or Libor) in 2015, will be released on 29 January, according to his lawyer. The 41-year-old has [...]
Companies more confident in their ability to hire staff February 26, 2020 New data published today shows businesses have become more confident in their ability to hire new staff. The survey from the Recruitment & Employment Confederation (REC) found employers’ confidence in making hiring and investment decisions had increased 10 percentage points compared to the previous quarter. Hiring confidence has returned to positive territory for the first [...]
More than one in three City workers moved jobs last year amid frustration over career progression November 21, 2019 The scale of churn in the City has been brought to light today, with new data showing almost 40 per cent of professionals in the Square Mile moved jobs last year. Frustration over a lack of career progression was the chief cause for switching jobs among financial workers in 2018, according to the latest financial [...]
Tory leadership vote: How the second round ballot works June 18, 2019 Tory leadership hopefuls face another hurdle in the race to become the next Prime Minister when a further round of voting takes place today. Who are the Tory leadership contenders? With 114 MPs backing him, Boris Johnson is guaranteed a place in the final two, where he will face either: Michael Gove Sajid Javid Jeremy [...]
Libor broker banned by regulator for dishonest trades May 29, 2019 A broker who was acquitted of helping jailed former UBS trader Tom Hayes rig the Libor benchmark has today been banned by the regulator for dishonesty. Terry Farr, who was formerly a manager on the Japanese Yen desk at brokerage Martins, has been banned by the Financial Conduct Authority (FCA) from regulated financial activity. Read [...]
Brexit vote live: MPs vote to delay Brexit by extending Article 50 beyond 29 March March 14, 2019 Hello and welcome to City A.M.’s Brexit live blog for the second of potentially three huge votes on the UK’s departure from the EU. Prime Minister Theresa May was defeated in the House of Commons in a second vote on her Brexit deal on Tuesday, losing by 391 votes to 242. Last night, MPs voted [...]
Case alleging Libor-rigging launched against raft of major banks January 20, 2019 A string of major banks have been accused of rigging the Libor benchmark again, five years on from a major scandal. A class action has been filed in the US against banks such as the Royal Bank of Scotland, Barclays, Lloyds Banking Group, HSBC, UBS, Bank of America, Citi and Deutsche Bank. The action, which [...]
Disclosure failings the ‘biggest single cause of miscarriages of justice’, says outgoing watchdog head October 11, 2018 The outgoing head of the body that investigates potential miscarriages of justice has said disclosure failings remain the "biggest single cause of miscarriages of justice" and called for a "targeted review" into existing convictions. In a farewell speech delivered last night, Richard Foster of the Criminal Cases Review Commission (CCRC) said that "too often" there [...]
Former Barclays trader Jay Merchant jailed for Libor rigging deported to India September 18, 2018 One of the first bankers jailed for Libor rigging has been deported to India, City A.M. can reveal. Indian-born Jay Merchant was the most senior of a group of Barclays bankers sentenced for manipulating the benchmark – used to set borrowing rates for trillions worth of loans and derivatives – following an 11-week trial at Southwark [...]