CITY GIVES CASH TO BRIDES WHO ARE HONEST January 17, 2011 The City of London Corporation will today honour a little-known City tradition by handing out cash to brides who can prove they are “honest”. The somewhat politically dubious accolade dates back to 1882 when Italian-born nobleman Pasquale Favale fell in love with and married a City girl. He was so taken with the Square Mile [...]
OFFSHORE FUNDS: HALF THE NATION’S WEALTH COMES OUT FOR COWES August 7, 2011 THE RUM Jungle was once chartered by Hugh Hefner and an assortment of his Playboy bunnies, when the ageing porn baron came to London for his eightieth birthday celebrations. But on Saturday, it was the turn of Aberdeen Asset Management’s seafaring chief executive Martin Gilbert to hop aboard the 75-foot gin palace, as part of [...]
OFFSHORE FUNDS: HALF THE NATION’S WEALTH COMES OUT FOR COWES August 7, 2011 THE RUM Jungle was once chartered by Hugh Hefner and an assortment of his Playboy bunnies, when the ageing porn baron came to London for his eightieth birthday celebrations. But on Saturday, it was the turn of Aberdeen Asset Management’s seafaring chief executive Martin Gilbert to hop aboard the 75-foot gin palace, as part of [...]
ICB has to strike a difficult balance April 10, 2011 With such a broad mandate to recommend how to promote greater financial stability and competition within UK banking, the Independent Commission on Banking has a wide range of options to choose from. And while the level of concern within UK-based banks is understandable, it is important to remember that the paper is merely an interim [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 14, 2011 FINANCIAL TIMES FEARS RAISED AS “LACK OF CAUTION” FUELS COMMERCIAL PROPERTY VALUES Commercial real estate values have been spurred by a “lack of caution” on the back of an “astonishing” rebound in lending to the sector, according to one of the largest global fund managers. LaSalle Investment e, which manages $45bn (£27bn) of real estate [...]
CITY MOVES | WHO’S SWITCHING JOBS July 10, 2011 BNP Paribas Martin Egan has been appointed to the newly created role of UK head of fixed income at BNP Paribas Corporate & Investment Banking, based in London. Egan will continue his current responsibilities as global head of primary markets and origination, reporting to Ludovic de Montille, chairman of BNP Paribas Group in the UK [...]
CITY MOVES | WHO’S SWITCHING JOBS July 10, 2011 BNP Paribas Martin Egan has been appointed to the newly created role of UK head of fixed income at BNP Paribas Corporate & Investment Banking, based in London. Egan will continue his current responsibilities as global head of primary markets and origination, reporting to Ludovic de Montille, chairman of BNP Paribas Group in the UK [...]
Banks lead FTSE down on close after tumultuous week August 5, 2011 Banks and commodity stocks fell sharply on Friday as the top share index extended losses into a sixth straight trading day, battered by a global debt crisis and unmoved by US jobs data easing fears of another economic recession. London’s blue chip FTSE 100 closed down 146.15 points, or 2.7 per cent at 5,246.99, as [...]
LAWYER OF THE YEAR | June 26, 2011 FROM up-and-coming dealmakers to City stalwarts, our shortlisted lawyers represent the vast pool of legal talent that London has to offer both domestic companies and those from further afield. Our diverse list may appear difficult to compare at first glance, but with their combined talents they represent a group of people who’ve made the most [...]
UK needs firm Russian links for Soviet revival June 26, 2011 As I prepare to lead a senior City business delegation to Moscow and St Petersburg, economic winds of change seem to be blowing across Russia. There is no doubt that Russia is an economic powerhouse, with the country’s sheer size and abundance of natural resources ensuring it is an important player on the global stage. [...]