Banker burnout: Boardrooms at banks warned they must do more to address well-being, as over a quarter of staff reveal they think their job is harming their health March 14, 2017 Banking top dogs have been urged to address workers' well-being, after a new report revealed more than a quarter of bank staff believed their job was dragging down their health. The first-of-its-kind survey of over 28,000 banking staff carried out by the Banking Standards Board revealed 26 per cent of workers either agreed or strongly [...]
Bank of America has its eye on Ireland for a post-Brexit base, as the country urges others not to engage in a red tape race to the bottom March 14, 2017 A senior executive from Bank of America has revealed today it is considering making Dublin its main EU base if the UK cannot hold onto certain rights, such as passporting, post-Brexit. The announcement came the same day the country's officials pleaded with other nations not to take part in a red tape bonfire following the UK's departure [...]
Former senior Barclays banker tells court he can’t remember what Libor training the bank offered its traders March 14, 2017 A ex-Barclays banker who held senior roles at the firm told a court today he could not remember what training for Libor was on offer, as the trial against two of the bank's other former traders for rigging the rate rumbles on. The Serious Fraud Office has claimed Stylianos Contogoulas, 45, and Ryan Reich, 35, [...]
Bad news, London jobseekers: Employers to scale back hiring to three-year lows, as Brexit uncertainty surfaces among the capital’s firm March 14, 2017 Hiring in London is forecast to slump to a three-year low, as employers in the capital scale back their staffing intentions for the next three months. The ManpowerGroup Employment Outlook Survey, which quizzed more than 2,100 UK employers and was released today, found employment optimism in the capital had slipped to three per cent, down [...]
Revealed: Deutsche Bank swipes another chunk from bonus pots, having already trimmed payouts for one in four staff March 13, 2017 Staff at Deutsche Bank have been dealt another blow after discovering the German lender's group bonus pool is being cut in half. Bankers were told last week to expect a so-called "group bonus" equivalent to 50 per cent of the maximum amount they were due, City A.M. can reveal. Deutsche's variable pay consists of two [...]
Q&A: This is what you now need to know about the second Scottish independence referendum March 13, 2017 Nicola Sturgeon announced today she would shortly be heading to Scottish parliament to seek a second referendum on the country's independence, with the possibility the nation could be casting their votes at some point between autumn 2018 and spring 2019. But what does it all mean? Should we be surprised by the first minister's comments? Probably [...]
Revealed: Notes coffee shop nets £600,000 loan from challenger bank OakNorth to open two new London branches, despite Brexit uncertainty March 13, 2017 Notes has struck a deal for a £600,000 loan to open two further branches in London, including its largest site to date, City A.M. has learnt. The coffee shop and wine bar chain, which already has six sites dotted around the capital, hopes to push ahead with aggressive growth plans in the near future and the [...]
What you need to know about Mark Tucker, the newly confirmed chairman of HSBC and former man from the Pru March 12, 2017 Mark Tucker, currently chief exec of AIA and once the man from the Pru, has been confirmed to replace HSBC's departing chairman Douglas Flint. But Tucker's life might have gone down a different path entirely as he once trained to be a professional football player. Although he may have hung up his boots for studying [...]
Charlotte Hogg may get a roasting from the MPs mulling whether she is fit for her job at the Bank of England, as banks slam her slip in ethics March 12, 2017 Charlotte Hogg's fate as a deputy governor at the Bank of England is facing renewed pressure, as MPs are busily mulling whether she is fit for her role. Hogg has come under fire in recent weeks for failing to declare her brother's job at Barclays as a potential conflict of interest. Prior to her promotion, she [...]
