HSBC to fully back BoCom rights issue June 6, 2010 HSBC signalled its strength and further commitment to the East after spending $921m (£639m) to maintain its shareholding in China’s Bank of Communications (BoCom) after it launched a rights issue. The UK banking giant currently owns 19 per cent of BoCom and once the $4.8bn capital raising exercise is complete, HSBC will have invested $3.42bn [...]
CITY MOVES | WHO’S SWITCHING JOBS January 17, 2011 RSM Tenon The financial services firm has appointed two new directors and an associate director in London. Nick Atkinson has been promoted to a risk management director, specialising in internal audits of the NHS. Nick Davies (pictured) has been promoted to business advisory director in the audit, tax and advisory team, specialising in corporate clients. [...]
CITY MOVES | WHO’S SWITCHING JOBS January 17, 2011 RSM Tenon The financial services firm has appointed two new directors and an associate director in London. Nick Atkinson has been promoted to a risk management director, specialising in internal audits of the NHS. Nick Davies (pictured) has been promoted to business advisory director in the audit, tax and advisory team, specialising in corporate clients. [...]
THE WEEK AHEAD January 16, 2011 COMPANY NEWS ● Several large American technology companies will report their results after UK trading hours on Tuesday, including Apple, IBM and Western Digital. ● As will remaining British retailers, including the fashion group Burberry and Carphone Warehouse. ● The budget pub chain JD Wetherspoon will release a trading update on Wednesday, as will bookmaker William [...]
Lord Myners takes fresh job in the City February 7, 2011 EX-CITY minister Lord Myners this week added a second non-executive role to his portfolio, with his appointment as a partner and chairman of Autonomous Research, the independent research firm. And he is thought to have a third on the way as chairman of billionaire Nicolas Berggruen’s new acquisition vehicle which is seeking to raise around [...]
HSBC appoints Ruth Kelly May 17, 2010 Former Labour cabinet minister Ruth Kelly has joined HSBC as a senior manager. Kelly, who stood down from her political post before the election, joined the corporate development team at the bank. In her new role, Kelly will advise HSBC on a number of issues, including consumer protection and City reform. Her move comes after [...]
Santander customer rating: from hero to zero January 11, 2011 AS Stephen Hester contemplates accepting his bonus we’ve looked at how successfully he has improved consumer perceptions of his bank in 2010. Last January RBS was poorly perceived and was clearly the last of the big five banks on every BrandIndex indicator. Take the key measure of recommendation; at -14.9 RBS was 13.3 points worse [...]
Santander customer rating: from hero to zero January 11, 2011 AS Stephen Hester contemplates accepting his bonus we’ve looked at how successfully he has improved consumer perceptions of his bank in 2010. Last January RBS was poorly perceived and was clearly the last of the big five banks on every BrandIndex indicator. Take the key measure of recommendation; at -14.9 RBS was 13.3 points worse [...]
Hedging your portfolio with CFDs March 7, 2011 IF YOU don’t already, perhaps you should consider hedging your portfolio with contracts for difference (CFD). Provided you have enough time to actively manage your positions and are familiar with their workings, CFDs are worthy of some serious consideration. For many investors, the idea of using leverage to hedge is enough to put them off [...]
HSBC collides with critics on chief’s pay May 27, 2010 DIRECTORS of HSBC, one of the banks that fared best in the financial crisis, are on course for a collision with investors at today’s annual general meeting over executive pay for chief executive Michael Geoghegan. Shareholders will vote on HSBC’s remuneration report, including a compensation and perks package worth an estimated £800,000, awarded to Geoghegan [...]