The City and Wall Street go head-to-head in Carnegie Cup September 14, 2018 OK, Yankees, it’s on! The Carnegie Links 18-hole Championship is set to host the ultimate golfing face-off between the best of the City and the best of Wall Street. In a Ryder Cup-style format, the most respected golfers from financial institutions from both financial centres will go head-to-head in celebration of the links Andrew Carnegie [...]
The City and Wall Street go head-to-head in Carnegie Cup September 14, 2018 OK, Yankees, it’s on! The Carnegie Links 18-hole Championship is set to host the ultimate golfing face-off between the best of the City and the best of Wall Street. In a Ryder Cup-style format, the most respected golfers from financial institutions from both financial centres will go head-to-head in celebration of the links Andrew Carnegie [...]
Last Week in the City: Trump signs order for tariffs March 9, 2018 This week US President Donald Trump signed off on new tariffs on steel and aluminium imports, Trinity Mirror revealed plans to rebrand, and the European Central Bank took a further step towards ending stimulus measures. The FTSE 100 rose 1.9 per cent over the week by mid-session on Friday. Economics China will pursue annual growth [...]
London house prices set to hit lowest growth levels since financial crash September 10, 2018 London house prices are set to drop 0.7 per cent next year, marking the lowest annual rate of growth in the UK’s property market since the 2008 financial crisis. Big Four accountancy firm KPMG has projected that property prices in the capital will continue to fall until 2021 in a report out today that suggests [...]
Lloyds Banking Group, HSBC and Royal Bank of Scotland in firing line in Australian rate rigging case brought in the US August 18, 2016 Lloyds Banking Group, HSBC and Royal Bank of Scotland are all in legal hot water after a case was filed in the US against a slew of banks on allegations they rigged a key Australian benchmark rate. The US lawsuit claims the lenders manipulated the bank bill swap rate (BBSW), a benchmark used mainly in Australian [...]
UK house prices: London and south east weigh down on growth September 13, 2018 House prices sank in London and vast swathes of the south east in August, according to Rics’ UK Residential Market Survey today, as a regional divide made itself felt on a national scale. Unsold housing stock neared historic lows on estate agents’ book while new instructions fell 15 per cent, down from a three per [...]
Ashish Thakkar to leave the board of Atlas Mara, the African banking group he co-founded with Bob Diamond October 3, 2017 Former Barclays chief executive Bob Diamond is to be left as the sole founder on the board of African financial services group Atlas Mara, as it was announced today that co-founder Ashish Thakkar would be leaving. His departure from the board comes as a result of new shareholder Fairfax Africa, a Canada-based investment fund, wanting [...]
Royal Bank of Scotland chair hints Brexit turmoil will delay government sale July 6, 2016 The boss of Royal Bank of Scotland (RBS) has predicted it will be some time before the government can start to sell off its shares in the bank. Sir Howard Davies, chairman of the lender, which is 73 per cent taxpayer-owned, told the BBC it was “realistic” to think the government will have delayed its plans [...]
Barclays and Lloyds in £10bn borrowing boost from Bank of England term funding scheme stimulus | City A.M. September 7, 2017 Barclays and Lloyds Bank borrowed more than £10bn from the Bank of England’s term funding scheme in the second quarter of this year, ahead of the removal of the lending stimulus early next year. Barclays borrowed £6bn between April and June, while Lloyds drew on £4.5bn, according to the Bank of England’s latest data, published [...]
A brave new banking world: How computer science shaped this company November 8, 2017 When I spot Anne Boden across the coffee shop, she beams at me. Even before she’s said a word, I immediately warm to her – here’s a woman who has spent 30 years working for the big banks, and yet she seems far removed from the stereotypical personalities you associate with the cutthroat finance [...]