Lloyds could face £3.5bn hit from FCA motor finance probe, analysts warn February 22, 2024 A wide-ranging review of historic motor finance commission arrangements has rocked the UK’s banking sector.
IMF “monitoring developments” in UK after currency fall and mini-budget September 27, 2022 The International Monetary Fund gave Kwasi Kwarteng and Liz Truss a slap on the wrist this evening, with a spokesman saying it did not “recommend large and untargeted fiscal packages” amid inflation concerns. The warning from the IMF comes after another day of currency fluctuations, triggered by a so-called ‘mini budget’ of tax cuts announced [...]
Zopa Bank: Surviving recessions, battling digital banks and whether it will float in London this year January 9, 2023 Zopa is a firm that has weathered economic crises before. When the global financial crisis swept through the economy in 2008, the London-headquartered fintech was a little-known but early-moving peer-to-peer (p2p) lending shop connecting borrowers with willing investors. Banks had unsurprisingly reined in loans and hauled up the barricades, leaving consumers scrambling for cash through other [...]
JPMorgan entices Jamie Dimon with “special” stock award to stay as CEO July 21, 2021 JPMorgan has granted Jamie Dimon 1.5m stock options, which could swell to tens of millions of dollars, to entice him to stay at the bank for a “significant number of years”. Dimon has been awarded the 1.5m options in the form of “stock appreciation rights” at Tuesdays average price of $148.73, that will allow him [...]
City Moves: Who’s switching jobs in the Square Mile? March 29, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Dominvs Group London-based real estate developer Dominvs Group has appointed the former CEO of Travis Perkins Properties (TPP) as a senior advisor. Martin Meech steps onto the board with more than four decades of property experience, spanning M&A, strategic development, finance structuring, and [...]
Hong Kong to soon ‘open up to world’ just as Singapore eases its own restrictions March 24, 2022 Hong Kong is looking likely to “open up to the rest of the world” once its latest Covid-19 wave fades, before the lights of Singapore grow too tempting for corporate expats. Hong Kong leader Carrie Lam said she is “very optimistic” the financial hub will soon pull off pandemic restrictions which have blanketed the city [...]
There’s nothing wrong with plain speaking… January 10, 2022 ONE COMPLAINT of business journalists is that some chief executives, drilled to within an inch of their life by a phalanx of corporate communications professionals, have on occasion been known to not perhaps be the most interesting interview subjects. It’s understandable: one doesn’t get to the top of corporate behemoths, as a rule, by shooting [...]
UK inflation to hit generational high of 9.5 per cent as Russia-Ukraine war sends energy prices soaring March 2, 2022 The spillover impact of Russia ramping up its assault on Ukraine on energy prices will send the cost of living in the UK to a level not seen in a generation, reveal fresh forecasts by top City analysts. Fears over Moscow squeezing oil and gas flows in retaliation to Western sanctions has pushed energy prices [...]
Return Finance launches fully compliant high-yield savings application in 27 European countries May 24, 2023 Return Finance has been granted Virtual Asset Service Provider (VASP) authorisation from regulatory authorities to operate in 27 European countries.
City Moves for 3 December – Who’s switching jobs at JP Morgan, New City Initiative and Ergomed? December 3, 2019 Today’s City Moves includes JP Morgan, New City Initiative and Ergomed JP Morgan JP Morgan Asset Management (JPMAM) has appointed Paul Kennedy as head of strategy and portfolio manager of the firm’s European real estate branch. Paul will lead the European real estate strategy team and contribute market views to JPMAM’s real estate investment process. He [...]