Why the Autumn promises so much August 20, 2009 CITY A.M will be taking its customary break next week and will not be publishing again until Tuesday 1 September, after the August Bank Holiday. By then the Ashes will be over, the football season will be well under way and the nights will be drawing in. As far as City A.M is concerned, the [...]
Canary Wharf versus the City row is reignited July 12, 2009 THE departure of Japanese bank Nomura from Canary Wharf to the City has reignited the row between the two hubs over where the true heart of the financial sector lies. Nomura is quitting the Isle of Dogs for the new new 525,000 sq ft riverside City complex Watermark Place. But Canary Wharf achieved a coup [...]
FSA TO PROBE KEY BARCAP BONUS DEALS August 17, 2009 &9632; FSA will demand to see the contracts of five traders&9632; JP Morgan and Barclays Capital in row over poached staff&9632; Think tank calls for Commission to report on high earners CITY watchdog the Financial Services Authority (FSA) last night said it will demand to see the contracts of five traders being hired by Barclays [...]
Cantor Fitzgerald to create 100 new jobs in its UK operations June 29, 2009 US BOND trader Cantor Fitzgerald has unveiled plans to create 100 jobs in its UK investment banking operations. Chief executive Shawn Matthews said that the company is seeking to exploit the disappearance of rivals from the middle tier of the sector. “We’re looking to build out a global footprint that’s already in place and looking [...]
Optimism is increasing for finance firms June 28, 2009 CONFIDENCE in the prospects for the financial services sector has risen for the first time in two years, with many parts of the industry expecting business volumes to rise in the next quarter, according to a study published today. But the latest Financial Services Survey by the Confederation of British Industry (CBI) and PricewaterhouseCoopers shows [...]
Optimism is increasing for finance firms June 28, 2009 CONFIDENCE in the prospects for the financial services sector has risen for the first time in two years, with many parts of the industry expecting business volumes to rise in the next quarter, according to a study published today. But the latest Financial Services Survey by the Confederation of British Industry (CBI) and PricewaterhouseCoopers shows [...]
CITY MOVES WHO’S SWITCHING JOBS August 16, 2009 Bill & Melinda Gates FoundationThe Bill & Melinda Gates Foundation has appointed Joe Carrell, currently an official at its global health policy and advocacy group, to head its new London office. Carrell, who joined the foundation in 2001, will move over from Seattle in January 2010, to oversee the organisation’s first European outpost, which is [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 3, 2009 FINANCIAL TIMES INTEL SEES WINDOWS OF OPPORTUNITYAn ageing line-up of PCs and the arrival of Windows 7 will cause companies to start spending again on computers next year, according to the head of the world’s largest chipmaker. The comments by Paul Otellini, chief executive of Intel, underscore growing optimism in the technology industry that next year will see a return [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 3, 2009 FINANCIAL TIMES INTEL SEES WINDOWS OF OPPORTUNITYAn ageing line-up of PCs and the arrival of Windows 7 will cause companies to start spending again on computers next year, according to the head of the world’s largest chipmaker. The comments by Paul Otellini, chief executive of Intel, underscore growing optimism in the technology industry that next year will see a return [...]
Wall Street cheers as CIT is rescued July 20, 2009 US stocks jumped yesterday, driving the S&P 500 to an eight-month closing high, after stricken lending giant CIT Group was thrown a lifeline to avoid bankruptcy, and investors bet corporate America would log another strong set of earnings this week. Broker upgrades of technology bellwethers, including Cisco Systems, propelled the Nasdaq to its ninth straight [...]