Incoming HSBC boss weighs middle management shake-up August 28, 2024 HSBC's incoming chief executive is reportedly considering measures like removing layers of middle management in a sign that he is looking to streamline Europe's biggest bank.
Premier League shirt sponsors as ban on gambling firms approaches August 15, 2024 “Who are ya, who are ya, who are ya?” The age-old football chant often rings around about players and teams in the Premier League. But what about the sponsors? England’s top-flight has seen a surge in front of shirt sponsors that are unknown to the vast majority of British fans. But who are they, and [...]
2023 Winners August 16, 2024 Six London-based companies and one volunteering champion emerged triumphant in 2023’s Lord Mayor’s Dragon Awards, held by the City of London Corporation at Mansion House to recognise London-based companies for their commitment to responsible business and social impact. The winners were Standard Chartered Bank, St George, 10x Banking, Mediorite & PwC, Tempo Time Credits, Dot [...]
Bitcoin could tumble to £4,100 next year, analysts warn December 5, 2022 Bitcoin could plunge by a further 70 per cent next year as investors scramble for safe havens like gold amid continued turmoil on the markets, analysts have warned.
Bank of England says UK’s big banks passed stress test and are ‘resilient’ to rising rates July 12, 2023 The UK’s largest lenders passed the Bank of England’s stress tests with flying colours, even as concerns grow around the health of the mortgage market. In its latest stress test, the Bank of England concluded that banks were “resilient”, enabling them to withstand persistently higher inflation and a deep global recession. “The UK banking system [...]
HSBC complicit in suppressing human rights in Hong Kong, MPs allege February 8, 2023 MPs have accused HSBC and other British banks of tacitly endorsing the suppression of human rights in Hong Kong. “British banks such as HSBC Bank Plc have been complicit in suppressing the human rights of Hongkongers, by proactively supporting the National Security Law,” the Hong Kong All-Party Parliamentary Group said in a report published today. [...]
Which senior bankers have made the trip to Davos? January 16, 2023 The world’s rich and powerful return to Davos this week as the world grapples with a challenging set of economic issues. The topic for this year’s meeting – which has returned to its normal January timeslot – is Cooperation in a Fragmented World. The basic tenet guiding the meeting is that “the current crises, [...]
FTSE 100 close: Barclays charge runs out of steam as Deutsche Bank swings to losses March 28, 2023 London’s FTSE 100 was pulled higher by banks clawing back losses yet again today, with Barclays and Standard Chartered initially leading the charge before running out of steam heading into the close. The capital’s premier index jumped 0.17 per cent to 7,484.26 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with [...]
Impact of social finance October 11, 2022 Joining a mission I joined Standard Chartered Bank as a summer intern at just 18. When I joined as a graduate, I settled into the fast-paced world of capital markets sales. Four years in, I made a leap to pursue a mission-driven career in Sustainable Finance, where I now lead a team that focuses on [...]
UK banks return to amassing default reserves amid inflation and mortgage crunch October 26, 2022 Barclays said profits had jumped six per cent in the third quarter of the year as it became the latest lender to see performance buoyed by rising interest rates.