What is the coronavirus and how dangerous is it? March 2, 2020 Since it emerged in China at the turn of the New Year, a deadly new strain of coronavirus has spread across the world and claimed hundreds of lives. The number of coronavirus cases globally is nearing 90,000, with fears of a possible pandemic. Read more: 14 Diamond Princess passengers evacuated to US test positive for [...]
City Moves for 27 September 2018 – who’s switching jobs at CBRE, Invesco and Redridge? September 27, 2018 Today's City Moves cover property, fixed income and due diligence. Take a look at these movers and shakers: CBRE The world’s leading real estate adviser, CBRE, has appointed Chiara Zuccon as a senior director to spearhead debt origination within its market leading development and residential investment team. Chiara is joining from the Royal Bank of [...]
Lehman Brothers 10 years on September 4, 2018 It’s hard to believe that it’s almost ten years since financial markets globally underwent a cardiac arrest that brought the world economy to its knees. Financial markets had already been on a slow downward slope in the lead up to events in September 2008, over concerns about the stability of the global financial system that [...]
Bank of Cyprus offloads UK subsidiary for £103m to ‘Cynergy’ consortium July 10, 2018 The Bank of Cyprus has agreed to sell its UK banking operations to a consortium of investors in a £103m deal. The all-cash sale, which will complete by the end of the year, comes as Bank of Cyprus refocuses its efforts on the Cypriot economy. The lender was bailed out in 2013 by European authorities, [...]
The last mile is critical to mass adoption and inclusion. May 26, 2020 Global technology infrastructure projects providing the vital backbones for the modern world critically must have compatible last mile solutions in order for mass adoption of new tech to take place leading to mass inclusion – crypto and blockchain are no exception. Price Watch Bitcoin (BTC) has retreated somewhat from testing US$10,000 having had a pretty [...]
RBS moves another step closer to privatisation as merger of Alawwal with Saudi British Bank takes a chunk of risk off its balance sheet May 16, 2018 It may seem unlikely, but a Saudi Arabian bank merger announced today means Royal Bank of Scotland (RBS) could be one step closer to returning to private ownership. The proposed merger of HSBC-backed Saudi British Bank (Sabb) and Alawwal would allow RBS, which was bailed out by the taxpayer during the financial crisis and is [...]
George Freeman: We can’t afford Corbyn December 12, 2019 Today voters will decide the future of our country not just for the next five years but for generations to come. The nightmare prospect of another hung parliament on Friday 13th that can only deliver more confusion, squabbling and delay is perilously close. The outcome of this election is too close to call — a [...]
Royal Bank of Scotland trial looks to be off: Shareholder group votes to accept 82p-per-share compensation offer June 6, 2017 The Royal Bank of Scotland trial appears to be off, with the shareholder action group said to have accepted a settlement offer this morning. The High Court judge was informed of the decision at 11am today, a source close to the group told City A.M. Directors of the shareholder group voted to accept the 82p-per-share [...]
Whisky business: A wintry trip to the magical Highlands December 10, 2019 Winter sun, this ain’t. Trundling northwards through the Cairngorms towards Inverness, you could be forgiven for thinking you were travelling through an alien landscape. Grey, spare hills emerge from the drizzly low cloud; the “torrents and loud-poured floods” of Rabbie Burns’ poetry run high and violent. Not for nothing do the Scots have several different [...]
The government is selling off 7.7 per cent of its stake in RBS overnight to take the bank one step closer to privatisation June 4, 2018 The government has kicked off the second sale of its stake in Royal Bank of Scotland (RBS), announcing it will begin the process of offloading 7.7 per cent of the bailed-out bank overnight. UK Government Investments (UKGI), the corporate finance arm of the government responsible for managing its stake in RBS, advised chancellor Philip Hammond [...]