City Moves for 28 August – Who’s switching jobs at Oaknorth, King & Wood Mallesons and Baker McKenzie? August 28, 2019 Today’s City Moves includes Oaknorth, King & Wood Mallesons and Baker McKenzie. Oaknorth OakNorth, the next-generation credit platform, has appointed Tiffany Teng as chief of staff, and Bloomberg veteran Jeremy Payne as director of data product. Tiffany was previously at JP Morgan, where she worked on the launch of several products, including Chase Pay and [...]
Men dominate investment banking deals, research finds October 28, 2019 A new ranking of Europe’s top investment bankers reveals that no women were included in the top 10 by number of deals over £100m. According to the research by data platform Mergerlinks , the top deal doer in Europe in the year ended the first half of 2019 was Rothschild & Co banker Dominic Hollamby [...]
Barclays boss Jes Staley ‘deeply regrets’ Jeffrey Epstein links February 13, 2020 Barclays chief executive Jes Staley has said he “deeply regrets” his connection with Jeffrey Epstein after it emerged that British regulators are investigating his links with the convicted sex offender. Staley admitted this morning that he maintained contact with with the disgraced financier, who took his own life in a New York jail last year [...]
World’s biggest banks pushing for £4bn post-Brexit tax cuts to boost the City January 25, 2020 Some of the biggest banks in the world are set to demand tax cuts of up to £4bn per year following Brexit, having paid the Treasury tens of billions in additional levies since the financial crisis. Banks want the government to show its support for its “Global Britain” slogan by convincing global financial giants to [...]
Mobile trading – The power is in your pocket November 9, 2020 In the 21st century, there is no longer a single factor that defines all traders across the markets. Your ‘typical trader’ is a thing of the past. In the FX industry a couple of decades ago, being a ‘trader’ mostly meant that you were dressed in a suit, sat coordinating trades on the phone all [...]
Markets live: US stocks and FTSE 100 gain despite virus cases passing 10m June 29, 2020 The FTSE 100 closed higher on Monday following a mixed session amid investor fears over a second round of coronavirus lockdowns, with global Covid-19 cases exceeding 10 million. The blue-chip index fell sharply in morning trading before flipping positive, and rebounded to gain 1.08 per cent by the close. The FTSE’s European peers also edged [...]
Chief executive of digital wealth manager Nutmeg to quit December 18, 2019 Martin Stead, chief executive of Nutmeg, is stepping down early next year, the digital wealth manager has announced. Stead, who joined Nutmeg in 2015 and took over as chief executive a year later, is leaving the company to move overseas. He will be replaced by chief financial and operating officer Neil Alexander. Read more: Nutmeg [...]
Nearly half of UK companies have scrapped dividend payments April 9, 2020 Nearly half of UK companies have scrapped dividend payouts as the coronavirus crisis batters business. The pace of dividend cuts has accelerated since the FTSE 100 slumped to its lowest point in over 25 years last month. Link Group’s UK dividend monitor shows 45 per cent of UK companies have scrapped payments, worth £28.2bn. It [...]
US jobless claims hit 26m since coronavirus lockdown began April 23, 2020 The number of Americans making jobless claims surged again last week, meaning roughly 26m people made unemployment claims in a five-week period that has seen coronavirus wipe out all of the jobs created since the financial crisis. New jobless claims hit 4.4m last week, the US Labor Department said today. This was a slight fall [...]
Why Legal & General is trying to slay the chair and CEO role February 4, 2020 Blackrock’s Larry Fink is a big fan of using shareholder muscle to influence corporate culture. From climate change to “profit with purpose” he’s vowed to exercise his fund’s substantial clout in pursuit of “sound corporate governance” and “an unwavering focus on long-term sustainability”. Fink’s eyebrows may have risen a little, then, upon discovering that fellow [...]