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....Other financial institutions have also said they are thinking of moving some business within Europe. Several investment banks, including Bank of America, Barclays, and Morgan Stanley are considering relocating staff to Dublin. ... [Read full article on BBC ]
Thursday 30th of March 2017 06:28:20 AM
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.... Other financial institutions are also planning to relocate business within Europe. Several investment banks, including Bank of America, Barclays, and Morgan Stanley are considering relocating staff to Dublin. ... [Read full article on BBC ]
Wednesday 29th of March 2017 05:24:23 PM
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....”. Frankfurt is becoming the preferred destination for many investment banks looking to move staff from London. ... [Read full article on Guardian ]
Wednesday 29th of March 2017 05:21:41 PM
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....AIG, the US insurance company, announced this month that it would set up a subsidiary in Luxembourg, where it currently has a branch. Goldman Sachs is to move move hundreds of bankers to Frankfurt and Paris, while HSBC wants to switch 1,000 investment banking jobs from London to the French capital. ... [Read full article on Guardian ]
Thursday 30th of March 2017 07:04:46 AM
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....JP Morgan is in talks to buy an office building in Dublin big enough to hold more than 1,000 workers, increasing speculation that it will move jobs from London as a result of Brexit. The US investment bank is in talks to buy a building in Dublin’s Capital Dock from the developer Kennedy Wilson and the National Asset Management Agency, which was created by the Irish government after the financial crisis to buy property loans from banks. ... [Read full article on Guardian ]
Thursday 30th of March 2017 01:06:02 PM
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. A former investment banker has been fined more than £37,000 for sharing confidential client information over the WhatsApp messaging service. ... [Read full article on Guardian ]
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Latest Finance News related to Investment Bank

JP Morgan in talks to buy Dublin building that could hold 1,000 staff image
Source : Guardian [Read Article] Thursday 30th of March 2017 01:06:02 PM
....JP Morgan is in talks to buy an office building in Dublin big enough to hold more than 1,000 workers, increasing speculation that it will move jobs from London as a result of Brexit. The US investment bank is in talks to buy a building in Dublin’s Capital Dock from the developer Kennedy Wilson and the National Asset Management Agency, which was created by the Irish government after the financial crisis to buy property loans from banks. ...
WhatsApp leak lands ex-investment banker with £37,000 fine image
Source : Guardian [Read Article] Thursday 30th of March 2017 12:35:59 PM
. A former investment banker has been fined more than £37,000 for sharing confidential client information over the WhatsApp messaging service. ...
Lloyd's of London plans to open Brussels office by middle of 2018 image
Source : Guardian [Read Article] Thursday 30th of March 2017 07:04:46 AM
....AIG, the US insurance company, announced this month that it would set up a subsidiary in Luxembourg, where it currently has a branch. Goldman Sachs is to move move hundreds of bankers to Frankfurt and Paris, while HSBC wants to switch 1,000 investment banking jobs from London to the French capital. ...
Insurer Lloyd's of London confirms new Brussels subsidiary image
Source : BBC [Read Article] Thursday 30th of March 2017 06:28:20 AM
....Other financial institutions have also said they are thinking of moving some business within Europe. Several investment banks, including Bank of America, Barclays, and Morgan Stanley are considering relocating staff to Dublin. ...
Insurer Lloyd's of London 'to open Brussels office', say reports image
Source : BBC [Read Article] Wednesday 29th of March 2017 05:24:23 PM
.... Other financial institutions are also planning to relocate business within Europe. Several investment banks, including Bank of America, Barclays, and Morgan Stanley are considering relocating staff to Dublin. ...
Lloyd’s of London will move jobs to new Brussels office image
Source : Guardian [Read Article] Wednesday 29th of March 2017 05:21:41 PM
....”. Frankfurt is becoming the preferred destination for many investment banks looking to move staff from London. ...
Goldman Sachs to move hundreds of staff out of London due to Brexit image
Source : Guardian [Read Article] Tuesday 21st of March 2017 05:26:34 PM
.... Xavier Rolet, chief executive of the London Stock Exchange, has warned that 230,000 finance jobs could disappear while Mark Carney, governor of the bank of England, has played down the risks. He described the City as “Europe’s investment banker” and said European economies could be damaged if their access was disrupted after Britain leaves the EU. ...
Theresa May echoes Ed Miliband with promise to reform energy market image
Source : Guardian [Read Article] Friday 17th of March 2017 04:53:15 PM
.... “Under these proposals, energy firms would still be able to compete on price,” he said. Following the debate, analysts at investment bank Jefferies said it viewed government action as increasingly likely. ...
Osborne, an ‘editor of substance’. What substance, crystal meth? | Marina Hyde image
.... The former News of the World cover star and chancellor is the new editor of the London Evening Standard, a role he will combine with his jobs as MP for Tatton and being a £650,000-a-year escort for an investment fund. Osborne has now been a Tory chancellor, an investment banker and a newspaper journalist – a sequence whose next two terms are estate agent and serial sex killer. ...
Former Barclays chief Bob Diamond to buy Panmure Gordon image
Source : Guardian [Read Article] Friday 17th of March 2017 08:15:51 AM
....Bob Diamond, the former chief executive of Barclays, is staging a City comeback after agreeing to buy one of London’s oldest stockbroking firms. Diamond’s buyout vehicle, Atlas Merchant Capital, has teamed up with QInvest, the Qatari investment bank. ...
Bob Diamond in deal to buy stockbroker Panmure Gordon image
Source : BBC [Read Article] Friday 17th of March 2017 07:45:59 AM
. Bob Diamond has joined forces with the Qatari royal family to buy Panmure Gordon, the loss-making stockbroker and investment bank. ...
Student digs in Britain giving first-class returns image
Source : Guardian [Read Article] Thursday 16th of March 2017 03:40:59 PM
....One specialist developer of student accommodation laid on a golf day at a course just outside the resort town in the south of France to entertain wealthy prospective backers. While more traditional property assets have been hit by tax rises, more regulation and uncertainty surrounding Brexit, big investors including multinational investment banks and overseas pension funds have identified student housing as a goldmine that can generate big and predictable profits. ...
Ian and Greg Chappell call on Adani to abandon Carmichael mine project image
Source : Guardian [Read Article] Thursday 16th of March 2017 01:46:56 AM
....The Chappells, well-known through their sporting exploits in India where the Australian team is currently playing, joined 90 prominent Australians in the letter, which will be delivered to Adani’s head office on Thursday. Signatories include former Labor federal environment minister Peter Garrett; authors Richard Flanagan, Tim Winton and Helen Garner; Telstra chair John Mullen; investment banker Mark Burrows; and former Australian of the Year, Prof Fiona Stanley. ...
Charlotte Hogg image
Source : BBC [Read Article] Tuesday 14th of March 2017 01:51:01 PM
....Her maternal grandfather, John Boyd-Carpenter, was transport minister then minister of pensions and national insurance under both Anthony Eden and Harold Macmillan. Her brother, Quintin, works in the strategy unit of Barclays' investment bank. ...
Charlotte Hogg resigns as Bank of England deputy governor image
Source : BBC [Read Article] Tuesday 14th of March 2017 09:40:11 AM
....She would have had responsibility for markets and banking. Her brother Quintin works in the strategy unit of Barclays' investment bank. ...
Green Investment Bank sell-off racks up at least £1m in fees image
Source : Guardian [Read Article] Sunday 12th of March 2017 03:10:32 PM
....Ministers have promised that the sale of the bank, which has invested in green projects from offshore windfarms to energy-saving street lights, will deliver value for taxpayers’ money. An announcement on the sale to Australian investment bank Macquarie was expected in January but has yet to materialise amid strong political opposition. ...
Labour must learn to win if it wants to shape the UK's economic future image
.... Prisons are a volcano waiting to erupt, funding per pupil in schools is being cut, the NHS and social care are facing funding crises, and the police say repeated budget cuts mean crime will start rising. There is – and always has been – an alternative to all this, which involves rejecting austerity, an interventionist state, a fairer tax system that cracks down on abuse, a national investment bank, and greater workplace democracy. ...
Charlotte Hogg: a family tree deeply rooted in the British establishment image
.... Instead of politics, she chose a career in business. She started as a graduate trainee at the Bank of England, moving on to consultancy McKinsey and then investment bank Morgan Stanley. ...
Striver? Tory architect of austerity George Osborne banks £1m fortune image
....Osborne has made £786,450 giving 15 speeches since he was sacked as chancellor. Over two days in October he earned £141,752 for giving two speeches, lasting seven hours combined, to US investment bank JP Morgan, which also paid for his travel and accommodation. ...
RBS awards nearly £16m of bonuses in shares to nine top executives image
Source : Guardian [Read Article] Wednesday 8th of March 2017 06:57:42 PM
....The bonuses being awarded will not pay out before 2020. They shed light on the payouts to executives outside the boardroom, such as Chris Marks, the head of the investment banking operation, NatWest Markets, who was awarded shares of more than £2m. ...
BT's £1.2bn Champions League splurge is price of staying in Sky game image
.... Sky, meanwhile, has grown rapidly from one million customers in 2007 to more than 6 million now. “The package of rights as a whole are doing what the company wanted to do,” says Simon Weeden, head of European telecoms research at investment bank Citi. ...
Deutsche Bank shares hit by cash call image
Source : BBC [Read Article] Sunday 5th of March 2017 04:57:28 PM
....Deutsche will also partially float its asset management business and retain Postbank - the retail banking business that it had been expected to sell. The company will be reorganised around three divisions: private banking and wealth management; asset management; and corporate and investment banking. ...
Snap IPO: a 21st-century firm with a 19th-century structure image
Source : Guardian [Read Article] Thursday 2nd of March 2017 07:36:11 PM
.... Whatever that means, it should not involve a governance structure that belongs in the 19th century and would surely be cold-shouldered if attempted in the UK. Yes, US investment bankers will sell most things if the fee is large enough, but the willingness to trample on shareholders’ rights to this degree is breathtaking. ...
Cobham in cash call to tackle debt image
Source : BBC [Read Article] Thursday 2nd of March 2017 09:26:13 AM
.... . With the latest rights issue - which has been underwritten by a group of investment banks, meaning the company is sure to get the money even if investors decline to put more money in - the dividend has been scrapped. ...
Green Investment Bank: rival bidder launches legal challenge to sale image
Source : Guardian [Read Article] Wednesday 1st of March 2017 07:01:01 AM
. A last-ditch attempt has been made to derail the government’s controversial sale of the Green Investment Bank to the Australian investment bank Macquarie. ...
Hi-tech financial firms flee UK amid doubts over Brexit image
Source : Guardian [Read Article] Saturday 25th of February 2017 08:54:32 PM
....“I know of a couple of companies that have shelved their international expansion. I know one big US investment bank, someone I spoke to at a conference last week, and he said their plans are much more advanced than has been picked up on by the press. ...
Snapchat IPO: Evan Spiegel tries to sell investors on his top product – himself image
....Michael Pachter, WedBush analyst, compares the situation to the Twilight Zone episode It’s a Good Life, in which a town lives in fear of a six-year-old boy with godlike powers and the ability to banish residents if they ever say, do or think anything that offends him. “What is really going on is you have morally corrupt investment bankers who tell CEOs what they want to hear. ...
Barclays: triple the profits, but still a work in progress | Nils Pratley image
Source : Guardian [Read Article] Friday 24th of February 2017 07:09:13 AM
.... Bonuses are running at three times the level of distributions to shareholders. And the investment bank, even after a round of pruning, still isn’t earning returns greater than its cost of capital. ...
Barclays full-year profits almost treble to £3.2bn image
Source : BBC [Read Article] Thursday 23rd of February 2017 12:02:21 PM
....Simon Jack: Barclays boss has reasons to be cheerful. Investec analyst Ian Gordon said that Barclays had benefitted from the sharp depreciation of the pound against the dollar following the Brexit vote, and that its investment bank revenues had also helped its performance. ...
Green Investment Bank: Australian bidder woos MPs as protests continue image
Source : Guardian [Read Article] Thursday 23rd of February 2017 10:33:25 AM
. The Australian investment bank on the verge of buying the UK’s publicly owned Green Investment Bank has launched a Westminster charm offensive after parliamentarians of all parties told Theresa May to halt the £2bn sale. ...
Losing banking jobs to EU 'threatens financial stability across Europe' image
Source : Guardian [Read Article] Tuesday 21st of February 2017 06:00:11 PM
....He echoed that warning in remarks accompanying HSBC’s worse-than-expected results yesterday, pointing to “uncertainties facing the UK and the EU as they enter Brexit negotiations”. HSBC will implement its contingency plan – to move 1,000 roles from London to Paris – “progressively over the next two years” but American, Swiss and Japanese investment banks may not have as much time because of the way they are structured. ...
The Unilever-Kraft Heinz takeover: the three key players image
Source : Guardian [Read Article] Friday 17th of February 2017 05:30:54 PM
....He was born in 1939 and as a young man was the Brazilian national tennis champion and played at Wimbledon. He went on to work for Credit Suisse in Geneva and later founded the Brazilian investment bank Banco Garantia. ...
How Donald Trump became Deutsche Bank's biggest headache image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:31:47 PM
.... Just before the US election Deutsche refinanced $370m he owes against commercial property in Manhattan belonging to Kushner’s company. Sources inside Deutsche say the investment banking side of the business is entirely separate from the private bank that handles the Trumps. ...
Deutsche Bank examined Trump's account for Russia links image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:31:00 PM
.... Asked whether this was normal practice, one former Deutsche Bank employee, who worked for the bank in New York, said: “Are you kidding me?”. Another former CEO of a rival investment bank, speaking on condition of anonymity, said: “The idea that a bank would walk away from an enforcement lawsuit on a defaulted loan with a litigious borrower because they hired a banking team is preposterous. ...
Markets hit new highs over Trump's change of tone on Japan and China image
Source : Guardian [Read Article] Monday 13th of February 2017 06:01:07 PM
.... Jasper Lawler, senior market analyst at London Capital Group, said: “Investors are pricing in the benefits of a Goldman Sachs-led treasury department. Steve Mnuchin [who spent 17 years at the investment bank] is in the final hours of his confirmation as treasury secretary . ...
Diamond rings sparkle for the internet dating generation image
Source : Guardian [Read Article] Monday 13th of February 2017 01:39:04 PM
....The company, based in a workshop up a scruffy narrow staircase behind a restaurant in central London , has caused a bit of a stir in the UK’s diamond industry by undercutting bigger players and removing the need for personal consultations in a jewellery store. Tobias Kormind, who founded 77 Diamonds in 2005 after stints at investment bank Morgan Stanley and helping to restructure online trading platform Interactive Investor, says one client spent £120,000 on a ring without ever seeing it in person. ...
Scottish Power customers to be hit by 7.8% price hike image
Source : Guardian [Read Article] Friday 10th of February 2017 12:26:20 PM
....”. Jefferies, the investment bank, said this week that the tariff rises meant there was an increased chance the government could intervene in the market. ...
Bank of England appoints Charlotte Hogg as deputy governor image
Source : Guardian [Read Article] Thursday 9th of February 2017 05:57:26 PM
....Hogg, 46, was brought into the bank in 2013 from the banking group Santander by governor Mark Carney to shake up the organisation, which he said needed to be more transparent and communicate its policies more clearly. Carney also wanted Hogg, who had previously spent 10 years at the US investment bank Morgan Stanley, to help him promote diversity in an organisation many believe had changed little in its 323-year history. ...
Candy brothers accused of blackmail and extortion in high court image
Source : Guardian [Read Article] Wednesday 8th of February 2017 11:40:18 AM
....”. With well-known investors ranging from the DJs Danny Rampling and Pete Tong, to the Goldman Sachs investment banking chief Anthony Gutman, Crowdmix employed 160 staff in London and Los Angeles at its peak. ...
Brexit will cost UK 30,000 finance jobs, says Brussels thinktank image
Source : Guardian [Read Article] Tuesday 7th of February 2017 11:01:00 PM
.... But the researchers warn that having a more geographically diverse spread of financial institutions, without stronger oversight of banks, would heighten the risk of a banking meltdown in the event of an acute financial crisis. These risks could be reduced and benefits shared more evenly, the authors argue, if the EU takes a common approach to investment banks rather than 27 national systems in a “regulatory race to the bottom” to steal London’s crown. ...
RBS boss to unveil more cuts after receiving pay worth £3m in 2016 image
Source : Guardian [Read Article] Sunday 5th of February 2017 03:06:15 PM
....The bank will also unveil its bonus pool for the loss-making year. The pot – which will be shared among staff who also work in NatWest branches, the Coutts private bank and investment banking operation – is reported to stand at £340m. ...
UK home to 80% of top-earning European bankers image
Source : Guardian [Read Article] Thursday 2nd of February 2017 11:00:28 AM
....Another fund manager was paid £28m, according to the data. Traditionally it has been investment bankers, rather than asset managers, who receive the biggest bonuses. ...
TalkTalk hoping for rapid results as Dunstone gets his hands dirty image
Source : Guardian [Read Article] Wednesday 1st of February 2017 07:29:32 PM
.... Several thousand City jobs will inevitably move, but upending the City at the moment of departure is not in either side’s interests. The governor of the Bank of England was right when he said the UK is “the investment banker for Europe”. ...
Ex-UBS and Citigroup trader jailed over Libor seeks review of case image
Source : Guardian [Read Article] Tuesday 31st of January 2017 07:00:15 AM
....The SFO said Hayes had independent legal advice at all times when dealing with the agency, while a number of the issues he is raising were dealt with at trial or during his subsequent unsuccessful appeal against conviction. During his City career, Hayes did not submit Libor rates – which are determined by collating a range of submissions from investment banks – but he was convicted because the crown alleged he had been the ringleader in manipulating those who did. ...
Energy sector faces struggle to find the female engineers of the future image
Source : Guardian [Read Article] Saturday 28th of January 2017 04:00:04 PM
....But some analysts are sceptical of how profitable this will be. “Drax’s acquisition of Opus Energy heralded the start of a new strategy focusing on securing earnings beyond 2027,” investment bank Jefferies said in a recent note. ...
Frankfurt prepares for Brexit bankers: 'Maybe our city will change them' image
Source : Guardian [Read Article] Friday 27th of January 2017 07:15:19 AM
....The decision announced last month by Swiss bank UBS to set up a new entity called UBS Europe SE in Frankfurt is being widely interpreted as the first major Brexit-influenced move. UBS also plans for its continental European investment banking and wealth management operations to set up shop in the German city, according to reports. ...
Trump's wall: Mexican construction firms likely to be biggest winners image
Source : Guardian [Read Article] Wednesday 25th of January 2017 05:31:24 PM
....The high cost of transporting the approximately 44m cubic yards of concrete and 9m tonnes of steel to the site is likely to lead builders to rely on mostly Mexican-owned cement and concrete plants. Analysts at Bernstein investment bank plotted the location of nearby plants and quarries and found that the Mexican building company Cemex was best-positioned to provide materials on both sides of the border. ...
Amazon and Google fight crucial battle over voice recognition image
Source : Guardian [Read Article] Sunday 22nd of January 2017 07:03:00 AM
....Amazon is in the lead, having launched the Echo in November 2014, two years before Google Home came out. Though Amazon has not – and does not – release sales figures for any individual item, investment bank Morgan Stanley estimates that 11m Echos had been sold by the end of November 2016; other estimates suggest a further 7m have been sold since. ...
Is the FTSE heading for the crash of 2017? image
Source : Guardian [Read Article] Saturday 21st of January 2017 07:00:28 AM
.... A month later they were worthless. Remember, these are the absurdly paid experts who the casino (AKA investment banks) threaten to shift to Paris or Frankfurt after Brexit. ...
What did Rolls-Royce directors know about bribery scandal? 'No comment' image
Source : Guardian [Read Article] Thursday 19th of January 2017 07:00:30 AM
....Chairman of Rolls-Royce from 2005 to 2013 and the former deputy chairman of HSBC. Robertson is an investment banker who was managing director of Goldman Sachs International and chair of UK-based investment bank Dresdner Kleinwort Benson. ...
'The swamp is Goldman Sachs': how the bank is rewarded for putting profits over people image
.... A light-board sign declared the bank “Government Sachs”. The protest was the beginning of a multi-day camp-out aiming to stay on the sidewalk outside the investment bank until the inauguration of Donald Trump, and to bring people affected by the bank’s policies to the doorstep of some of the world’s richest people – some of whom will belong to the Trump administration. ...
Libor scandal: the bankers who fixed the world’s most important number | Liam Vaughan and Gavin Finch image
.... Not only did Hayes have to extract himself from every deal he had done with Lehman, he had also made a series of enormous bets that in the coming days interest rates would remain stable. The collapse of Lehman Brothers, the fourth-largest investment bank in the US, would surely cause those rates, which were really just barometers of risk, to spike. ...
Theresa May’s cabinet: pretty rich, but nothing on Trump’s image
Source : Guardian [Read Article] Tuesday 17th of January 2017 09:00:34 AM
.... He has properties in London reported to be worth upwards of £6m. Not much about the home secretary’s finances are known (“I think we have to think very carefully about the balance between transparency and privacy,” she said last year when MPs were coming under pressure to publish their tax returns), but before entering parliament and her steep rise through the ranks, Rudd was an investment banker and venture capitalist. ...
Consumers urged to switch energy supplier image
Source : Guardian [Read Article] Monday 16th of January 2017 11:19:07 AM
....5 million in 2013, the first year the industry began publishing the data. Independent suppliers gained more than a million customers from the ‘big six’ over 2016, but 600,000 customers returned to the larger companies – up 58% on the year before, according to investment bank Jefferies. ...
World's eight richest people have same wealth as poorest 50% image
Source : Guardian [Read Article] Monday 16th of January 2017 12:01:08 AM
....The WEF report found that 51% of the 103 countries for which data was available saw their inclusive development index scores decline over the past five years, “attesting to the legitimacy of public concern and the challenge facing policymakers regarding the difficulty of translating economic growth into broad social progress”. Basing its research on the Forbes rich list and data provided by investment bank Credit Suisse, Oxfam said. ...
Twelve things you need to know about driverless cars image
Source : Guardian [Read Article] Sunday 15th of January 2017 07:30:09 AM
.... “Autonomous driving has become the next major battlefield for the car industry,” says Luca Mentuccia, automotive global MD at Accenture. The six levels of automation, defined under international standards by the Society of Automotive Engineers, range from “no automation” to “full automation”, explains Sven Raeymaekers, of tech investment banker GP Bullhound. ...
If the City vs Brussels is like a game of Jenga, it’s possible both sides could lose image
....What should Theresa May, when she speaks on Tuesday about her plans for the UK’s exit from the European Union – say about the City and financial services? As an opening pitch, she should take her cue from the governor of the Bank of England and remind the EU 27 that the UK – if only in this single commercial field – holds a strong negotiating hand. Mark Carney first made his point about the UK being “the investment banker for Europe” in November and last week’s reiteration put hard facts on the table for a second time: “If you rely on a jurisdiction [ie the UK] for three-quarters of your hedging activities, three-quarters of your foreign exchange activity, half your lending and half your securities transactions you should think very carefully about the transition from where you are today to where the new equilibrium will be. ...
Food prices to soar after sterling collapse, warn retail chiefs image
Source : Daily Express [Read Article] Sunday 15th of January 2017 12:01:00 AM
....Around half of the food consumed in the UK is imported. Supermarkets and other firms that do business overseas regularly buy foreign exchange derivatives from investment banks to protect themselves against adverse currency swings. ...
Moody's $864m penalty for ratings in run-up to 2008 financial crisis image
Source : Guardian [Read Article] Saturday 14th of January 2017 06:53:00 AM
.... It also accused Moody’s of knowingly inflating ratings on toxic mortgage securities. Moody’s ratings were “directly influenced by the demands of the powerful investment banking clients who issued the securities and paid Moody’s to rate them,” Connecticut attorney general, George Jepsen, said in a statement on Friday. ...
EU negotiator wants 'special' deal over access to City post-Brexit image
Source : Guardian [Read Article] Friday 13th of January 2017 07:15:54 PM
.... “If you rely on a jurisdiction [the UK] for three-quarters of your hedging activities, three-quarters of your foreign exchange activity, half your lending and half your securities transactions, you should think very carefully about the transition from where you are today to where the new equilibrium will be,” he said. The fear is that European governments and companies would find it harder and more expensive to raise capital if they were denied access to the City, which acts as Europe’s investment bank. ...
MPs tell Theresa May to halt sale of Green Investment Bank image
Source : Guardian [Read Article] Wednesday 11th of January 2017 03:04:21 PM
....Nick Hurd, an energy minister, refused even to confirm that Macquarie was the preferred bidder, citing commercial sensitivity. But Lucas launched into an attack on the Australian investment bank, saying it had a “very, very worrying and dubious track record”. ...
Foxtons shares slump after significant fall in London property sales image
Source : Guardian [Read Article] Wednesday 11th of January 2017 09:45:19 AM
.... But analysts at Peel Hunt said the government’s proposed ban on letting fees could lead to further pressure on profits. Anthony Codling, analyst at the investment bank Jefferies, said 2017 would be a tougher year for Foxtons than 2016. ...
Sir David Clementi: City grandee ready to do the business at the BBC image
Source : Guardian [Read Article] Tuesday 10th of January 2017 04:40:51 PM
.... Someone, actually, just like Clementi. The 67-year-old Winchester and Oxford-educated accountant spent 22 years at investment bank Kleinwort Benson, working his way up to chief executive, before going on to serve as chairman of insurance giant Prudential and Sir Richard Branson’s Virgin Money. ...
Sports Direct chairman Keith Hellawell rejected by shareholders again image
Source : Guardian [Read Article] Thursday 5th of January 2017 01:06:49 PM
....Aberdeen, which owns 0. 3% of Sports Direct, said it viewed the company as having made progress by implementing an independent review into working practices and appointing the investment banker David Brayshaw as a non-executive director. ...
Green Investment Bank sale is 'deeply troubling', say Scottish ministers image
Source : Guardian [Read Article] Thursday 5th of January 2017 09:57:44 AM
. The prospect of the UK Green Investment Bank being stripped of its assets in a sale to Australian investment bank Macquarie is “deeply troubling”, Scottish ministers have told Westminster. ...
Sports Direct chair Keith Hellawell faces renewed pressure to resign image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 05:38:18 PM
....Aberdeen, which owns just 0. 3% of the Sports Direct, said it viewed the company as having made progress by implementing an independent review into working practices and appointing the investment banker David Brayshaw as a new non-executive director. ...
Stock markets: the Guardian's share tips for 2017 image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 07:00:47 AM
Lloyd's of London's Inga Beale made a dame in New Year honours list image
Source : Guardian [Read Article] Friday 30th of December 2016 10:30:11 PM
....Figures linked to industry and the economy make up 11% of the new honours list, with women comprising just over 50% of the total list. Hazel Moore, the chairman and co-founder of investment bank First Capital, gets an OBE, and Nick Jones, the founder of private members’ clubs group Soho House, receives an MBE. ...
Theresa May urged to get transitional Brexit deal for City image
Source : Guardian [Read Article] Friday 23rd of December 2016 12:01:01 AM
....The vote for Brexit is thought to be among the reasons that the UK arm of Santander has revised the way it intends to implement the ring fencing rules designed by Sir John Vickers. Banks must comply with these requirements to separate the high street and investment banking arms by 2019. ...
Business and parliament must work together to avoid a 'cliff edge' Brexit image
Source : Guardian [Read Article] Friday 23rd of December 2016 12:01:01 AM
....He’s right, of course. The “cliff edge” model of Brexit is dangerous for everyone, including the rest of the EU since the UK is “effectively the investment banker for Europe”, as Mark Carney put it last month. ...
US justice department accuses Barclays over mortgage mis-selling image
Source : Guardian [Read Article] Thursday 22nd of December 2016 10:59:23 PM
....”. But Bill Baer, principal deputy associate attorney general, said: “The widespread fraud that investment banks like Barclays committed in the packaging and sale of residential mortgage-backed securities injured tens of thousands of investors and significantly contributed to the financial crisis of 2008. ...
Italian cabinet gives green light to Monte dei Paschi di Siena bailout image
Source : Guardian [Read Article] Thursday 22nd of December 2016 02:09:24 PM
....Within hours of that announcement, Gentiloni convened his cabinet and formally approved the state rescue plan. The bank also announced that the two investment banks that tried unsuccessfully to arrange the private investment – JP Morgan and Mediobanca – would not receive any fees for their work. ...
MPs to test rules aimed at insuring against UK bank bailouts image
Source : Guardian [Read Article] Monday 19th of December 2016 10:57:39 AM
....”. Among regulator efforts to make banks safer were new rules to force them to hold more capital, to outline how they could be broken up in the event of collapse, and the ringfencing requirement devised by Sir John Vickers to protect high street operations from investment banking businesses. ...
Drawing inspiration image
Source : BBC [Read Article] Monday 19th of December 2016 04:32:48 AM
....With 200 million young consumers, the youth entertainment market is expanding fast. According to the Chinese investment bank CITIC securities, the market is set to double to 500bn yuan ($76bn; £60. ...
Savers are slowly choking off the life of the world economy image
Source : Guardian [Read Article] Sunday 18th of December 2016 07:00:44 AM
....The IMF says governments should work harder to attract investor funds to build vital infrastructure and close their budget deficits. But when investment banks demand between 10% and 15% returns and pension funds think we should be grateful they only want 6% to 9%, the IMF is supporting a rip-off perpetrated by today’s savers on tomorrow’s taxpayers. ...

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