Who’s switching jobs November 1, 2012 Baird Jim Conniff has been appointed managing director in the investment bank’s industrial team. He joins from Goldman Sachs, where he was a senior member of its industrial banking team. Conniff was previously a director at Baird. Baker Tilly David Whitlock has been appointed business development director at the accountancy and advisory firm. He was [...]
Who’s switching jobs November 1, 2012 Baird Jim Conniff has been appointed managing director in the investment bank’s industrial team. He joins from Goldman Sachs, where he was a senior member of its industrial banking team. Conniff was previously a director at Baird. Baker Tilly David Whitlock has been appointed business development director at the accountancy and advisory firm. He was [...]
Lloyds Banking Group hit by technical problems October 5, 2012 Lloyds Banking Group has been hit by a technical failure today, with customers unable to use their accounts due to a “temporary system error”. “Lloyds Banking Group this afternoon experienced technical issues that affected some customers. All of our systems are now up and running,” the bank said in a statement this afternoon. “We are [...]
City A.M. | Our shadow MPC votes 6-3 against more QE November 7, 2012 ALLISTER HEATH | CITY A.M. “No new quantitative easing and no further cut to rates. The money supply has bounced back. But the main reason why QE needs to be halted – despite worrying signs that the economy has ground to a halt again – is that it has created a false markets in gilts [...]
Parents face state school premium September 9, 2012 Parents have to pay three times the average annual private school fees on their house if they want to get in the catchment range of a top state school, Lloyds TSB claimed today. During 2012, house prices in the postal districts of the top 30 state schools – judged by GCSE results in the previous [...]
Incomes rise but Brits save instead of spend October 15, 2012 REAL income levels improved for UK households in the second quarter of the year, according to data released yesterday by the Office for National Statistics (ONS). Yet austerity-minded Britons opted against increasing their spending in light of the extra funds, instead opting to add to their savings. Allowing for inflation, household actual income per head [...]
PPI fuels surge in complaints about banks September 27, 2012 BANKS defended their customer service reputation yesterday as figures showed that complaints have soared nearly two thirds in the last six months, fuelled by the payment protection insurance (PPI) scandal. The Financial Services Authority received a whopping 3.6m complaints in the first half of the year, as grievances lodged about PPI more than doubled to [...]
Our shadow MPC votes 8-1 against changing policy October 3, 2012 ALLISTER HEATH | CITY A.M. “No new quantitative easing and no further cut to rates. The money supply has bounced back – the broad measure is enjoying its fastest six-month rate of growth since 2008, a remarkable turnaround which suggests the Bank doesn’t need to expand the monetary base any further. Current real money growth [...]
City Moves | Who’s switching Jobs September 25, 2012 Kleinwort Benson The private bank has appointed Jason Turner to the position of executive private banker in its private wealth management team. He joins from UBS Wealth Management, where he was a client adviser. Turner has over 14 years’ experience in the industry, and has also worked as a financial adviser with Bank of Scotland [...]
Restaurants aim high by moving into the Shard August 28, 2012 RESTAURATEURS behind the trendy Japanese restaurant chains Zuma and Roka and Hong Kong’s Aqua Restaurant Group have agreed to lease the entire restaurant space at Europe’s tallest building. Sellar Property, the developer behind the Shard, revealed yesterday that Zuma duo Rainer Becker and Arjun Waney are to open a rotisserie and grill as well as [...]