Insurer Axa to shift jobs to Dublin in Brexit move January 10, 2019 Insurer Axa is moving staff to Ireland in the light of the UK’s impending exit from the EU. Chief executive of the French insurer Thomas Buberl told reporters today that Axa’s recently acquired XL unit had already made plans to move staff to Ireland from the UK before its takeover by Axa last year. Buberl [...]
Finalist November 9, 2022 Start-up of the Year supported by World Mobile Swash Swash is reinventing data ownership through new incentivisation streams and a collaborativedevelopment framework, governed by the ethos of Web 3. It enables individuals, developers, and businesses to cultivate new realities of data ownership and value creation. It is the largest data unionin the market with over [...]
Veteran City banker and billionaire Bruno Schroder dies aged 86 February 21, 2019 Bruno Schroder, the longest serving FTSE 100 board member and British banking veteran, has died aged 86. The billionaire, who served as a non-executive director of his family’s business Schroders for more than 50 years, died yesterday following a short illness, the company said. Read more: Lloyds and Schroders sign £80bn joint venture deal Schroder [...]
Goldman Sachs’ Lloyd Blankfein says filling London office is “outside our control” because of Brexit October 30, 2017 Goldman Sachs remains committed to its new European headquarters in London but filling it up remains “outside our control” because of Brexit, its chief executive Lloyd Blankfein tweeted today. In his second tweet in the last fortnight on Brexit, Blankfein said: “In London. GS still investing in our big new Euro headquarters here. Expecting/hoping to [...]
Should we be worried about the rise of the Bank of Mum and Dad mortgage? January 30, 2019 In the years leading up to the financial crisis, it was relatively easy for wannabe homeowners to get loans for the full value of a property – otherwise known as a 100 per cent loan-to-value mortgage. Of course, we know the problems caused by these mammoth loans, and since then, affordability criteria have become stricter [...]
City Moves for 9 January – who’s switching jobs at Novidea, Unily and Hunton Andrews Kurth? January 8, 2019 Who’s switching jobs? Novidea Novidea, the data-driven platform provider for the insurance industry, has announced that Ben Potts has joined the company as UK managing director, to spearhead the company's growth and expansion across the UK and EMEA region. Previously, Ben held various leadership and revenue-focused executive roles with Majesco, Xchanging and Jardine Lloyd Thompson [...]
Robinhood rival Freetrade moves into US stocks as transatlantic retail investing battle hots up January 22, 2019 London fintech startup Freetrade has today launched US stock trading on its app, in the midst of growing rivalry in the commission-free trading space. The app, which offers users the ability to invest in stocks and exchange-traded funds (ETFs) directly without paying commission, said it will start with a curated list of 120 US stocks, including the likes [...]
London’s unfinished Scalpel tower already half-let November 7, 2018 National Australia Bank and insurer Lombard International are the latest occupiers-to-be at the newest office tower on London's skyline, The Scalpel, at 52 Lime Street. Over half of the tower, which owes its unusual shape to protected views of St Paul's Cathedral, is now pre-let or under offer as the building nears completion. National Australia [...]
Bronek Masojada: The Hiscox CEO who’s got the City covered February 25, 2019 Hiscox chief executive Bronek Masojada is no stranger to the City of London Corporation. Nearly 10 years ago, his insurance house sued the body over the demolition of a building near its office, which would later be cleared to make way for the “Helter Skelter” skyscraper at 22 Bishopsgate. Now, after pursuing the organisation from [...]
Could the UK be on the brink of a US-style class action explosion? December 16, 2018 The Royal Bank of Scotland, Lloyds Banking Group, Tesco, Google and Mastercard. These are just a handful of the household names that have been targeted in group action lawsuits in the UK with billions of pounds at stake. The UK, unlike the US or Australia, does not have a long history of class action-style lawsuits, [...]