GOING GREEN AS GREEN GOES AWOL February 8, 2011 “HEAVY business” in the House of Lords detained former HSBC chairman Stephen Green, but the British-Israel Chambers of Commerce partied on anyway last night at the British-Israeli business awards dinner. Universities minister David Willetts stepped into the breach with Green’s speech in hand to extol the UK economy’s virtues as an exporter of everything “from [...]
GOING GREEN AS GREEN GOES AWOL February 8, 2011 “HEAVY business” in the House of Lords detained former HSBC chairman Stephen Green, but the British-Israel Chambers of Commerce partied on anyway last night at the British-Israeli business awards dinner. Universities minister David Willetts stepped into the breach with Green’s speech in hand to extol the UK economy’s virtues as an exporter of everything “from [...]
FTSE finishes flat despite late rally March 8, 2011 Investors concerned over the long-term impact of Libyan violence shied away from risky stocks and left the FTSE flat today. Aside from a brief rally mid-morning when Kuwait’s oil minister said OPEC was considering boosting production, the FTSE 100 spent much of the day declining. However, a brief rally at the end of the day [...]
Oil costs drag the FTSE down with miners and banks sinking March 7, 2011 MINERS dragged Britain’s top share index lower yesterday, as escalating violence in the Middle East and surging oil prices crimped investor appetite for risk. The FTSE 100 index closed down 16.61 points, or 0.3 per cent, at 5,973.78, nearly 70 points below the session high as the index traded at 80 per cent of its [...]
HSBC appoints Booker as US chief June 14, 2010 HSBC has promoted its North American deputy chief to chief executive of the region, from the beginning of August. Niall Booker, who also joins the group management board, originally started at HSBC in 1981 and has previously worked for the bank in the Middle East and India.
Project Merlin has to avoid mistakes of past February 13, 2011 LAST week, George Osborne announced to the House of Commons that the four largest UK banks – HSBC, Barclays, RBS and Lloyds – have finally signed up to what has been dubbed project Merlin. There is no doubt this agreement is good news if it starts to rebuild the banks’ relationship with the government and [...]
Project Merlin has to avoid mistakes of past February 13, 2011 LAST week, George Osborne announced to the House of Commons that the four largest UK banks – HSBC, Barclays, RBS and Lloyds – have finally signed up to what has been dubbed project Merlin. There is no doubt this agreement is good news if it starts to rebuild the banks’ relationship with the government and [...]
3i acquires Japanese lender Mizuho’s debt management business for £18.3m February 16, 2011 PRIVATE equity group 3i has bought the debt management unit of Japanese lender Mizuho Corporate Bank for £18.3m. Mizuho Investment Management (MIM) is one of Europe’s biggest debt managers with assets under management (AUM) of £3.7bn. 3i’s existing debt management activities will be merged with MIM to create a new specialist division handling £4bn of [...]
Agius warns EU rules could hurt recovery January 26, 2011 MARCUS Agius, the chairman of the British Bankers’ Association and Barclays, has warned the government that regulators could hinder the recovery by adopting new banking rules more quickly than other countries. In a letter to chancellor George Osborne, Agius argued the UK risks tipping the playing field of global commerce in favour of rival financial centres. He [...]
Afme swoops on banking expert Lever January 16, 2011 CITY veteran Michael Lever is taking his formidable expertise in Europe’s biggest banks to capital markets lobby group the Association for Financial Markets in Europe (Afme). Lever, one of the City’s foremost blue-chip analysts before becoming a partner at communications group Brunswick in 2008, has a 20-year stockbroking career that spans leading roles at Credit [...]