Why Avant’s Al Goldstein is excited about partnering with big banks June 16, 2016 Despite being just four years’ old, Avant Credit is one of the largest marketplace lenders in the alternative finance industry. The US firm has been operating in the UK since 2013, and has issued over half a million loans to consumers, totalling more than $3bn in originations. Avant isn’t a P2P lender – it uses [...]
Budget 2017: The full text of chancellor Philip Hammond’s speech March 8, 2017 Philip Hammond has delivered his first – and last – Spring Budget. Headline announcements included more cash for social care and punishing new rules for the self-employed – plus some vague comments on business rates. Read more: City A.M.'s TL;DR version of the Spring 2017 Budget Here's what he said: Mr Deputy Speaker, I report [...]
EU referendum voter registration deadline is today: Here’s everything you need to know about how to register to vote June 7, 2016 There isn't much time left to register to vote in the EU referendum – the deadline is rushing towards us faster than the Vote Leave battlebus… What you need to know about registering to vote in the EU referendum When is the deadline? Midnight on 7 June (that's today) is the last time you can register to vote in [...]
What will happen to UK equities if we leave the European Union? June 21, 2016 The pound and the FTSE soared yesterday, as the Remain camp wrestled back its lead in the polls. But the outcome of Thursday’s EU referendum is far from clear, with pundits saying that voter turnout will be pivotal in determining whether the UK stays or leaves. If Article 50 is triggered and sterling dives, what should [...]
Costly EU regulation has not made financial services safer or better – but Brexit is no silver bullet April 18, 2016 The City is split when it comes to Brexit. Certainly, the larger City institutions with significant EU business tend to side with Remain. However, smaller companies and those with a more global business model are more divided. The supporters of the EU value the Single Market. They seem to believe that it promotes free trade [...]
This London proptech startup’s landed £2m to help make renting less awful May 18, 2016 A London property technology startup which aims to be the Amazon of renting has landed several millions of pounds in funding from renowned tech investor Robin Klein, among others. Goodlord simplifies renting via an app which takes the hassle out of the paperwork with a "rental passport" that keeps hold of renters' information as well as making [...]
The mortgage market is helping to fuel a new credit boom March 31, 2016 Lending in the UK is recovering strongly. The annual growth rate of total lending hit 4.8 per cent in February, according to figures released by the Bank of England this morning. It is the highest growth rate since 2009 when lending was plummeting. Here's what is helping to drive it: Mortgage lending Borrowing is bouncing back in [...]
City Moves for 28 March 2016 | Who’s switching jobs April 28, 2016 Tibbalds Tibbalds Planning and Urban Design has named Matt Shillito as consultant planner and has appointed Fiona Sibley as senior planner. Matt rejoins Tibbalds after spending 10 years living overseas, where he was a senior planner for Vancouver’s planning and development services. Fiona brings over three years’ experience in the industry. Having worked at other planning [...]
Former Prudential boss Tidjane Thiam earned £1m a month last year before jumping ship to Credit Suisse March 31, 2016 Former Prudential boss Tidjane Thiam took home £5m in 2015, despite only being in the job until the end of May before taking the helm at Credit Suisse. The majority of the pay packet came from £3.7m from a long-term incentive scheme, according to the British insurer’s annual report. This basic salary for the first five months [...]
A Spring is in the air this May – Shareholder revolt set to build with Aviva and Reckitt Benckiser meetings May 3, 2016 Company bosses are braced for further uprisings this week. Consumer goods group Reckitt Benckiser, insurance giant Aviva, and FTSE 250 hedge fund Man Group all host shareholders for their annual general meetings. Last week the shareholder spring picked up pace as investors voted against boardroom pay rewards for engineering firm Weir Group and Shire, the FTSE [...]