US Presidential Election 2016: Would Donald Trump be able to make any changes anyway? April 15, 2016 Imagining Donald Trump walking into the White House is difficult, even at this stage. Yet, he looks set to win the Republican nomination, has the support of wide cross sections of society and is reaching voters that other candidates simply don’t seem able to. That seems unexplainable to many, given his tough stance on immigration [...]
City Moves for 17 February 2016 | Who’s switching jobs February 17, 2016 Investec Investec Securities has announced the appointment of Andrew Whitney to its research team to cover the pharmaceuticals sector. Andrew joins from EY, where he was a senior manager in the corporate finance strategy team, conducting strategy projects and deal diligence in the life sciences and healthcare sectors. He has extensive experience in pharmaceuticals research, [...]
Brazil: Between the rule of law and the rule of politics March 31, 2016 President Dilma Rousseff's hope of surviving a looming impeachment are becoming dimmer each day. On Monday, the Brazilian Bar association filed a new process to remove her from power on the grounds of accounting fraud. Yesterday, her party, PT, lost their largest ally in the Brazilian Congress as centrist party PMDB, presided by vice-president Michel Temer, withdrew their support [...]
Libor scandal: Former UBS and Citigroup trader Tom Hayes lost the best part of £1m on trading as he tried to raise funds to pay for his legal fees March 17, 2016 Tom Hayes lost the best part of £1m trading to try to raise money to pay his legal fees, a court was told today. Hayes, who was found guilty on eight counts of conspiracy to defraud last August for his role in manipulating Libor, has been attending a hearing at the Old Bailey since Monday to [...]
Libor scandal: Former UBS and Citigroup trader Tom Hayes to discover whether any of his assets will be confiscated under the Proceeds of Crime Act March 20, 2016 Tom Hayes will soon find out whether any of his assets will be confiscated as proceeds of crime after a court hearing on the matter drew to a close last Friday. Assets that the former UBS and Citigroup trader, who was found guilty last August on eight counts of conspiracy to defraud for his role [...]
The Trump effect: Why it pays to remain sanguine about the rise of the Republican renegade May 26, 2016 With his infamous “Great Wall” plans and talk of repealing “horrible” free trade deals – neither of which would be good for global business – Donald Trump is in step with the rising trend towards protectionism and populism seen in Europe. If the presumptive Republican nominee wins the Oval Office in November, City investors may [...]
Libor scandal: Convicted former UBS and Citigroup trader Tom Hayes tells Old Bailey how he broke down over rate-rigging allegations March 16, 2016 Tom Hayes told a court today how the rate-rigging allegations that eventually lead to his conviction caused him to suffer a breakdown, as he continued his legal battle over his assets. Hayes, who is serving an 11-year prison sentence after being found guilty of eight counts of conspiracy to defraud for his role in manipulating Libor, has [...]
Libor scandal: Judge orders former UBS and Citigroup trader Tom Hayes to pay over £878,806 March 24, 2016 Former UBS and Citigroup trader Tom Hayes was ordered to pay just shy of £900,000 by a court yesterday, or face yet more time in jail. Hayes, who was found guilty last August on eight counts of conspiracy to defraud for his role in manipulating Libor, was hit with an £878,806 confiscation order following a [...]
Libor scandal: Two former Rabobank traders sentenced for offences related to manipulating Libor in the US March 11, 2016 Two former traders late last night were handed prison sentences in the US for offences related to Libor fixing. Anthony Allen, Rabobank's former global head of liquidity and finance, and Anthony Conti, a former senior trader on Rabobank's money markets desk, are the first people in the US to face trial and be charged for [...]
Lawyers: Ready your mixing bowls and wooden spoons, because it’s time for London Legal Support Trust’s Great Legal Bake 2016 February 1, 2016 What do lawyers stash away in their briefcases? If you bump into a legal eagle this week, you might just find it's full of cupcakes. Today marked the start of the London Legal Support Trust's Great Legal Bake 2016, which aims to raise money for free legal services in London and the south east, although bakers can [...]