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....Although Frankfurt has already secured the EU bases of Japanese banks Nomura and Daiwa, Dublin appears to be a favourite for many City companies because of its historic links with London and the common language. “Dublin already has some of the back-office operations for some large investment banks and an asset management presence; it also has the benefit of being pretty close to London and of being English-speaking,” Ali, who compiled the EY report, said. ... [Read full article on Guardian ]
Saturday 15th of July 2017 03:00:09 PM
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. US investment bank Morgan Stanley has chosen Frankfurt as the site of its post-Brexit EU hub in a move that could put 200 jobs in the City of London under threat. ... [Read full article on Guardian ]
Wednesday 19th of July 2017 04:11:56 PM
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.... If, despite the lowest ever borrowing costs and repeated cuts in corporate taxation, the private sector won’t invest in the fourth industrial revolution, the public sector will. The argument for a national investment bank in the UK is that entrepreneurs are not actually very entrepreneurial and that opportunities are being squandered as a result. ... [Read full article on Guardian ]
Sunday 16th of July 2017 01:11:02 PM
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.... Kalaris ran the bank’s wealth management arm. Jenkins is a former head of Middle East and north African investment banking and Boath is a former head of the bank’s European financial institutions group. ... [Read full article on Guardian ]
Monday 17th of July 2017 11:52:18 AM
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Latest Finance News related to Investment Bank

Morgan Stanley picks Frankfurt as post-Brexit hub image
Source : Guardian [Read Article] Wednesday 19th of July 2017 04:11:56 PM
. US investment bank Morgan Stanley has chosen Frankfurt as the site of its post-Brexit EU hub in a move that could put 200 jobs in the City of London under threat. ...
Barclays bank and former bosses to stand trial in January 2019 image
Source : Guardian [Read Article] Monday 17th of July 2017 11:52:18 AM
.... Kalaris ran the bank’s wealth management arm. Jenkins is a former head of Middle East and north African investment banking and Boath is a former head of the bank’s European financial institutions group. ...
Governments have to invest in the fourth industrial revolution | Larry Elliott image
.... If, despite the lowest ever borrowing costs and repeated cuts in corporate taxation, the private sector won’t invest in the fourth industrial revolution, the public sector will. The argument for a national investment bank in the UK is that entrepreneurs are not actually very entrepreneurial and that opportunities are being squandered as a result. ...
Dublin is streets ahead of EU rivals as City firms plan for Brexit relocation image
....Although Frankfurt has already secured the EU bases of Japanese banks Nomura and Daiwa, Dublin appears to be a favourite for many City companies because of its historic links with London and the common language. “Dublin already has some of the back-office operations for some large investment banks and an asset management presence; it also has the benefit of being pretty close to London and of being English-speaking,” Ali, who compiled the EY report, said. ...
City regulator plans rule change to allow Saudi oil giant's $2tn float in London image
....The proposals by the Financial Conduct Authority come as Aramco weighs up which financial centre to pick for the sale of 5% of its shares. The company could be valued at $2tn – a huge price tag that would also generate hundreds of millions of dollars in fees for investment bankers, lawyers and other professional firms involved in stock market flotations. ...
Carillion has 'no future without rights issue of at least £500m' image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:20:18 AM
.... The City now expects the company will need to raise double that figure just to survive. Sam Cullen, an analyst at investment bank Jefferies, said: “Realistically, we see no future for Carillion without a rights issue of at least £500m as we believe the group will find it increasingly difficult to win support services work with the balance sheet in its current state”. ...
Bank of England: pay figures will fuel raging interest rate debate image
Source : Guardian [Read Article] Sunday 9th of July 2017 09:10:15 AM
....After six years as chairman of Marks & Spencer, Robert Swannell will take to the podium at an AGM for the final time on Tuesday. The former investment banker will retire in September at a tumultuous time for the retailer. ...
Deadline looming for firms to give Brexit strategies to Bank image
Source : Guardian [Read Article] Saturday 8th of July 2017 03:00:11 PM
.... JP Morgan has indicated up to 1,000 London-based bankers will be relocated to Dublin, Frankfurt and Luxembourg, while Goldman Sachs – still constructing a new HQ in London – has said it will need more people in a number of EU centres, including Madrid, Milan and Paris. Deutsche Bank is reportedly considering moving large parts of its London trading and investment banking operations to its Frankfurt base. ...
France steps up effort to woo London banks planning Brexit move image
Source : Guardian [Read Article] Friday 7th of July 2017 02:05:15 PM
....The package of measures chime with promises by France’s new centrist president, Emmanuel Macron, to loosen the country’s labour laws and do away with red tape and high taxation. The early days of the former investment banker’s tenure have set a markedly different tone to his predecessor François Hollande, who once referred to the financial sector as the “enemy”. ...
Six new things we know about Mike Ashley image
Source : BBC [Read Article] Wednesday 5th of July 2017 08:12:56 PM
....It was a chance to hear about the business practices of one of Britain's most unusual self-made men, who built Sports Direct from a single shop into a multi-billion pound business. Jeffrey Blue, the investment banker who is suing Mr Ashley, claims that he promised to pay a £15m bonus if the share price doubled to £8. ...
Bank of England's Michael Saunders: 'Prepare for higher interest rates' image
....Saunders watched that August rate cut from home while on gardening leave. He had left his job at the investment bank Citigroup, where he had been an economist since 1990, after his appointment to the MPC was announced in April 2016. ...
£8bn battle looms for credit card processor Worldpay as rivals circle image
.... Rake’s other roles include chairman of BT, and he was previously deputy chairman of Barclays and president of the CBI business lobby group. During his time at Barclays, Rake was instrumental in ousting chief executive Antony Jenkins in July 2015, following a boardroom row over the future of Barclays’ investment banking business. ...
Ex-Barclays chief John Varley appears in court over fraud charges image
Source : Guardian [Read Article] Monday 3rd of July 2017 06:18:16 PM
.... Kalaris ran the wealth management arm of Barclays. Jenkins is a former head of Middle East and north African investment banking, and Boath is a former head of the bank’s European financial institutions group. ...
Mike Ashley vomited into fireplace at pub meeting, court told image
Source : Guardian [Read Article] Monday 3rd of July 2017 02:24:59 PM
....30pm with the gathering generally coming to a close between 1am and 3am. “Meetings were like no other senior management meeting I had ever attended in all my years of investment banking experience,” Blue said. ...
Mike Ashley 'vomited into fireplace at pub meeting' image
Source : BBC [Read Article] Monday 3rd of July 2017 01:58:14 PM
....Mr Blue said he had attended several senior management meetings at another pub, the Green Dragon in Alfreton, Derbyshire. He said: "These meetings were like no other senior management meeting I had ever attended in all my years of investment banking experience. ...
Deliveroo set to become a tech 'unicorn' as investors seek a slice image
Source : Guardian [Read Article] Sunday 2nd of July 2017 11:57:55 AM
....The $93bn (£71bn) SoftBank Vision Fund, which is backed by the state investment funds of Saudi Arabia and Abu Dhabi, as well as a host of technology firms including Apple and Japan’s Sharp, is said to be in the talks with Deliveroo, which wants to raise funds to finance expansion. Last year, Deliveroo raised $275m from investors, taking the amount of cash raised by the delivery app, which was founded by Will Shu, a former investment banker, close to $500m. ...
Labour MPs warn ministers against ‘grubby deal with Murdochs’ over Sky image
.... Fox already owns 39% of Sky. Thomas Singlehurst, a media analyst at investment bank Citigroup, said: “Ultimately we think the likelihood not only of deal completion, but on a reasonable timeframe – one to three months – has increased. ...
Co-op Bank secures £700m rescue deal from hedge funds image
Source : Guardian [Read Article] Wednesday 28th of June 2017 11:18:25 AM
.... Together, the five own 32% of the bank’s shares and 47% of the bonds which need to be swapped into the bank’s equity. The hedge funds said they had supported the turnaround of the bank since 2013 and this further investment would “provide the bank will the capital needed to realise its potential as the UK’s leading investment bank”. ...
RBS to cut hundreds of UK jobs in move to India image
Source : Guardian [Read Article] Sunday 25th of June 2017 03:48:43 PM
....”. The latest wave of job cuts by RBS in the UK comes after at least 400 roles were moved to India last year, including 300 or so investment banking jobs. ...
Trump could use alternate routes to roll back bank reforms image
Source : Guardian [Read Article] Sunday 25th of June 2017 11:00:28 AM
....Between the election and now, we have seen a narrowing and lessening of expectations regarding bank reforms. In Congress, meanwhile, Democrats and some Republicans, among them senators Elizabeth Warren and John McCain, are looking for ways to revive a version of the Glass-Steagall Act, the 80-year-old statute that kept investment banking and consumer lending separate until it was scrapped under Bill Clinton in 1999. ...
London could lose out as ECB seeks control of euro clearing after Brexit image
....The euro clearing issue is one of many competitive threats to the City in the wake of the Brexit vote. Europe’s pre-eminent financial centre is also battling to retain major investment banks – from Goldman Sachs to UBS – that are openly considering moving British-based operations to the EU. ...
Paul Myners: Barclays realised taxpayer bailout would hit bonuses image
Source : Guardian [Read Article] Tuesday 20th of June 2017 06:01:43 PM
....When a bonus cap was introduced by the European Union in 2013, limiting bonuses to one times salary or double if shareholders approved, the government refused to give the approval that would have allowed RBS to pay out more. The public anger sparked by the financial crisis forced greater disclosure from banks about the way they paid their top staff, particularly banks like Barclays that have large investment banking operations. ...
Barclays: who are the four charged bankers? image
Source : Guardian [Read Article] Tuesday 20th of June 2017 02:17:46 PM
.... He was the first bank boss to apologise during the financial crisis, and was proud of steering Barclays through the crisis without need for a government bailout. Having graduated from Oxford with a first class degree in history, Varley started out as a solicitor before joining Barclays in 1982 to help set up its investment banking operation. ...
Qatar and the UK image
Source : BBC [Read Article] Friday 9th of June 2017 04:51:11 AM
.... . Earlier this year, it made what it called a "joint bid" with Atlas Merchant Capital - the private equity firm of former Barclays boss Bob Diamond - to "take Panmure Gordon private and reposition the company as a key boutique investment bank in the UK market". ...
China trade healthier than expected image
Source : BBC [Read Article] Thursday 8th of June 2017 08:22:28 AM
....However, many analysts warn that China's growth is likely to slow gradually in coming quarters. "Today's trade data surprised on the upside, but has not changed our overall view that real GDP growth likely peaked in the first quarter," investment bank Nomura said in a report. ...
Aramco: London listing inappropriate, says Royal London image
Source : BBC [Read Article] Thursday 8th of June 2017 08:18:50 AM
...."It would be highly inappropriate for us to be bending listing rules and bending benchmark rules to accommodate this one large company," she told the BBC's Today programme. "There's lots of money to be made for investment bankers and advisers, but very little protection for pension savers and that's something we really need to keep at the heart of this situation. ...
London Stock Exchange shouldn't bend rules for $2tn Saudi flotation | Nils Pratley image
. Roll up, roll up, who wants some lovely Saudi dosh that would arrive with a stock market listing in London of Saudi Aramco, the enormous state-owned national oil company? Almost every investment banker and corporate lawyer in town, obviously. ...
WPP needs a big name to follow Sir Martin Sorrell image
Source : Guardian [Read Article] Sunday 4th of June 2017 06:00:16 AM
.... You know the ones: the (hypothetical) float of KGB Mining where the founder, Vladimir Takyorneekapov, still owns 80% of the shares. Huge investment banks once made fortunes from such floats: they calmed investor nerves by (perhaps) taking some risk themselves and parking Takyorneekapov’s stake on their own balance sheet. ...
Nomura admits part in Goldman Venezuelan bond deal image
Source : BBC [Read Article] Thursday 1st of June 2017 08:32:58 AM
. A Japanese investment bank has admitted it was part of a controversial deal with Goldman Sachs to buy Venezuelan government bonds. ...
Venezuela opposition condemns Goldman Sachs debt deal image
Source : BBC [Read Article] Tuesday 30th of May 2017 10:33:46 PM
. Opposition leaders in Venezuela have strongly criticised the investment bank Goldman Sachs for buying $2. ...
Police probe UK links to Magnitsky money image
Source : BBC [Read Article] Friday 19th of May 2017 11:34:21 PM
....The US Justice Department highlighted the UK connection to suspected illicit funds after investigating how proceeds of the Russian tax fraud were allegedly laundered into luxury apartments in New York. US court documents, seen by the BBC, show alleged wire transfers from the Russian organised crime group going into the UK bank account of Renaissance Capital - a Russian investment banking firm, which has offices in London. ...
Mine craft: why BHP's strategic overhaul could help repel a hedge fund predator image
....While people in the UK are used to seeing companies and utilities bought and sold to the highest bidder – Cadbury, ICI, British Steel and Jaguar Land Rover have all disappeared or gone into foreign hands – Australians appear more attached to their big names, especially ones worth billions and which have paid handsome dividends to shareholders and pension funds down the years. Richard Knights of the London-based investment banking and share brokerage firm Liberum Capital says Elliott had misjudged the likely political fallout from its proposal that BHP drop its stock market listing in Australia. ...
JP Morgan buys bigger office for 1,000 staff in Dublin image
Source : BBC [Read Article] Monday 15th of May 2017 02:01:38 PM
. JP Morgan, the US investment bank, has bought a new office building in Dublin that can accommodate up to 1,000 staff. ...
Final taxpayer shares in Lloyds Banking Group to be sold off image
Source : Guardian [Read Article] Sunday 14th of May 2017 02:28:48 PM
.... He had ambitions for a discounted share sale to the public, which had to be abandoned a year later by his successor, Philip Hammond, because of the fall in the bank’s shares after the Brexit vote. Instead the shares are being sold off on the stock market through the investment bank Morgan Stanley at prices below the 73. ...
Labour has big spending ideas, but no plan to earn our trust | Phillip Inman image
....The Labour manifesto is a stark reminder of the havoc a Tory government will create over the next five years if it wins a sizable majority next month. From the holes it identifies in NHS funding to the need for an investment bank to promote infrastructure spending, the document has something to say about many of the areas crying out for government intervention. ...
Adidas finds buyer for its golf unit image
Source : BBC [Read Article] Thursday 11th of May 2017 07:22:31 AM
....From a sales point of view, other sports such as athletics and basketball offer more attractive opportunities for sales growth. So no doubt Adidas are relieved to have finally concluded the sale, which had involved them bringing in investment bank Guggenheim Partners in order to find a buyer. ...
Staley might be right: UK immigration policy could be key to City's future | Nils Pratley image
....We can guess the real reason for preferring the US, of course: Pret is expanding rapidly there, and anything that looks fresh and exciting tends to attract a higher valuation in the US. But it is harder to understand why Pret requires such a mighty collection of investment banks – five of them – to draw up the plans. ...
Barclays CEO sees no reason for Brexit jobs shift to Europe image
Source : Guardian [Read Article] Wednesday 10th of May 2017 12:12:29 PM
....Jes Staley said Brexit would be “a wholly manageable challenge” and “significantly less costly” than other problems the bank had encountered. Preparing for Brexit, Staley said, was not as complex as setting up a US holding company, as required by the US authorities last year, or preparing to ring-fence Barclays’ high street bank from its risky investment banking arm by 2019. ...
What's our cut? Energy firm lets customers see profit margins image
Source : Guardian [Read Article] Monday 8th of May 2017 07:52:55 AM
....The pledge saw shares at UK-listed the SSE and British Gas owner Centrica slide last week. Analysts at the investment bank Jefferies said they expected SSE to take an 8% hit to its earnings before interest and tax in 2018-19, and a 20% reduction for Centrica. ...
Apple can’t just make iPhones for ever. What’s next? image
Source : Guardian [Read Article] Sunday 7th of May 2017 06:00:25 AM
....But a slowdown in its biggest market makes the $250bn cash mountain that Apple is still sitting on even more intriguing. Analysts at Citigroup, the investment bank, have drawn up a list of seven companies that Apple could buy with the cash. ...
M&S puts faith in fashion novice from Halfords and retail veteran image
Source : Guardian [Read Article] Friday 5th of May 2017 11:04:47 PM
.... When Swannell joined they were changing hands for 370p and on Friday they closed at 375p, after gaining 18p on the back of Norman’s appointment. The former investment banker inherited a business the delivered profits £780m in 2011 but is handing over one expected to make just shy of £600m when it delivers its annual results later this month. ...
Brexit will 'stall' City, says Goldman Sachs chief image
Source : Guardian [Read Article] Friday 5th of May 2017 07:01:26 AM
....The chief executive of Goldman Sachs has warned that London’s financial centre will “stall” due to the turmoil of the Brexit process. Lloyd Blankfein, who runs the world’s second-largest investment bank, said a three-decade expansion that has turned London’s financial services sector into a world leader could grind to a halt. ...
TV's got talent: top jobs in UK broadcasting up for grabs image
Source : Guardian [Read Article] Thursday 4th of May 2017 06:29:22 AM
....Other names in the frame include UKTV boss Darren Childs – Abraham held the role before his surprise selection to run Channel 4; Tim Davie, chief executive of BBC Worldwide, the corporation’s commercial arm; and Jane Turton, who runs All3Media, the producer behind Midsomer Murders, Skins and The Only Way is Essex. Rob Woodward, a former investment banker and Channel 4 executive, announced he was standing down as STV chief executive last week and has not publicly ruled out running for the Abraham’s job. ...
JP Morgan may move hundreds of jobs in pre-Brexit move image
Source : BBC [Read Article] Wednesday 3rd of May 2017 12:42:46 PM
.... . Speaking to Bloomberg News, Mr Pinto, head of investment banking at JP Morgan, said: "We are going to use the three banks we already have in Europe as the anchors for our operations. ...
JP Morgan to move hundreds of jobs out of UK due to Brexit image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 11:36:23 AM
....Revealing for the first time the locations that will benefit from the UK’s exit from the EU, one of the US bank’s most senior executives indicated that other roles would follow once the outcome of the Brexit negotiations was known. “We are going to use the three banks we already have in Europe as the anchors for our operations,” Daniel Pinto, JP Morgan’s head of investment banking, told Bloomberg. ...
Voices of the 1%: how do Britain's highest earners feel about their income? image
....1% was £990,000. A senior investment banker, who earns hundreds of thousands of pounds a year, said he “just doesn’t feel particularly wealthy” compared with other parents at his children’s private school who, he said, were sitting on £100m-plus family fortunes. ...
China's HNA becomes Deutsche Bank's biggest shareholder image
Source : BBC [Read Article] Wednesday 3rd of May 2017 05:46:08 AM
....Chinese conglomerate HNA has overtaken Blackrock to become Deutsche Bank's biggest shareholder after increasing its stake in the firm to nearly 10%. HNA became a major shareholder in Europe's largest investment bank after acquiring a 4. ...
If Barclays CEO is shown the door, let it be for the right reason | Nils Pratley image
.... In the post-crisis era, attempting to unmask a whistleblower is a serious offence for a bank boss. It doesn’t matter if Staley thought the informant was making an unfounded and malicious attack on Tim Main, a recent senior recruit to Barclays’ investment bank. ...
Trump is considering new Glass-Steagall-style bank rules image
Source : BBC [Read Article] Monday 1st of May 2017 06:18:44 PM
....Shares in banks initially fell after President Trump's comments before recovering ground. US banks were permitted to own both High Street banks and investment banking operations in 1999, when the Glass-Steagall Act was repealed. ...
Cycling fashion outfit Rapha plots route into the fast lane image
Source : Guardian [Read Article] Monday 1st of May 2017 01:44:14 PM
.... Last year Rapha sales jumped almost 30% to £63m as it tapped latent demand for fashionable cycling gear and opened stores – or “clubhouses” as it calls them – as far afield as Seoul and Chicago. The London-based business founded in 2004 by Mottram, a former branding consultant, got this far in the race under its own steam but recently hired an investment bank to look at options for its future, which could include a sale. ...
Apple’s addiction to iPhone shows no sign of waning image
Source : Guardian [Read Article] Sunday 30th of April 2017 06:00:21 AM
.... Trump plans to give incentives to companies who repatriate their large overseas cash holdings, although no details were given at last week’s tax announcement. Pearson has come a long way since it began selling off its crown jewels, including Madame Tussauds, investment bank Lazard and more recently the Financial Times and the Economist, with its stake in book publisher Penguin Random House the next on the block. ...
Barclays pulls FTSE 100 lower image
Source : BBC [Read Article] Friday 28th of April 2017 11:29:13 AM
....682bn, from £793m a year earlier. But analysts were disappointed by the performance of Barclays' investment bank, and the shares fell 5%. ...
Barclays chief admits he 'made a mistake' over whistleblowing case image
Source : Guardian [Read Article] Friday 28th of April 2017 08:27:59 AM
....The figures do not include a £884m accounting hit from the value of Barclays’ stake in its African business, which is in the process of being sold down under Staley’s plan to end its global ambitions and focus on the US and the UK. “We are now just two months away from completing the restructuring of Barclays as a transatlantic consumer, corporate and investment bank and there is further good reason in this quarter’s performance to feel optimistic for our prospects,” Staley said. ...
RBS reports first quarterly profit since 2015 image
Source : Guardian [Read Article] Friday 28th of April 2017 06:57:09 AM
.... The last time it turned quarterly profit was the third quarter of 2015. It warned that profits would be down in the next quarter, however, because of a slower start in its investment banking arm. ...
Barclays profits more than double image
Source : BBC [Read Article] Friday 28th of April 2017 06:36:15 AM
....Getting rid of Barclays chief executive Jes Staley would be bad for Barclays and bad for UK banking. That's the view of some current and former shareholders who tell me that not only would Barclays suffer if the US boss was pushed out during his so-far successful turnaround of the 360-year-old bank but also, weakening the UK's last major investment bank would be bad for the entire UK financial landscape. ...
Lloyds Bank's profits rise despite 'challenging' times image
Source : BBC [Read Article] Thursday 27th of April 2017 06:33:36 AM
.... The results pushed Lloyds' shares about 3% higher on Thursday. Lloyds does not have an investment bank and focuses instead on "plain and simple, vanilla banking", said Philip Augar, an author and banking expert. ...
Even Trump's Twitter binges aren't enough to make it worth $11bn | Nils Pratley image
.... And she agreed that there are benefits from being able to switch prescription medicines to the consumer category when patents expire. Neither argument is 100% convincing in itself, but both are more persuasive than a disruptive separation in which the only guaranteed winners would be investment bankers and lawyers. ...
Deutsche Bank: 4,000 jobs at risk of being moved out of UK after Brexit image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:03:42 PM
.... JP Morgan is considering buying office space in Dublin, and Citigroup has warned it may have to relocate “certain client-facing roles to the EU from the UK”. Goldman Sachs has warned that hundreds of roles could change, while HSBC could switch 1,000 investment banking jobs from London to Paris. ...
In the small print image
Source : BBC [Read Article] Wednesday 26th of April 2017 03:35:41 PM
....But the main way they say it will be paid for is through increased economic growth - this spurs tax revenue. Treasury Secretary Steve Mnuchin, a former investment banker, has said the tax changes will act as a stimulus that will lead to economic growth of 3% - much higher than most economic projections. ...
Obama criticised for '$400,000 Wall Street speech' image
Source : BBC [Read Article] Tuesday 25th of April 2017 09:15:09 PM
....". Mr Obama has reportedly agreed to be a keynote speaker at an event hosted by Cantor Fitzgerald LP, an investment bank that lost more than two-thirds of its staff in the attack on the World Trade Center on 11 September 2001. ...
Stock markets surge after French election result image
Source : Guardian [Read Article] Monday 24th of April 2017 09:34:27 AM
....53%. The result was seen as the most market-friendly outcome, putting the independent former investment banker in pole position to fend off the anti-EU Le Pen. ...
Morgan Stanley profits jump on bond trading growth image
Source : BBC [Read Article] Wednesday 19th of April 2017 12:27:31 PM
....4bn) for the three months against the same quarter last year. The gain came as investment banking and bond trading revenues jumped, and the bank was able to set aside less money for credit losses. ...
Goldman Sachs and Bank of America see profits jump image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:54:29 AM
....Shares in Goldman Sachs fell more than 3% after the market opened. Goldman chief executive Lloyd Blankfein said: "The operating environment was mixed, with client activity challenged in certain market-making businesses and a more attractive backdrop for underwriting in our investment banking franchise. ...
Pound soars and FTSE 100 tumbles after election announcement image
Source : BBC [Read Article] Tuesday 18th of April 2017 07:58:19 AM
....The rise in sterling took it to its highest point for 10 weeks, although the pound still remains well below levels seen before the UK's Brexit vote last June. One of Europe's largest investment banks, Deutsche Bank, said the news of the forthcoming UK election meant it would not be so downbeat about the outlook for the UK and its currency. ...
Libor rigging: chancellor urged inquiry into Bank of England allegations image
....Del Missier told MPs on the Treasury select committee that he had issued the instruction after a conversation with his then boss, Diamond, in October 2008, when the financial system was on the brink. Diamond was then running Barclays Capital, the investment banking arm, before being promoted to chief executive. ...
UK technology firms turn to Silicon Valley to ward off Brexit blues image
Source : Guardian [Read Article] Thursday 13th of April 2017 06:00:19 AM
.... Sunderland, which is about as far removed as you can get from Silicon Valley, has the fastest-growing digital turnover in the UK behind London, according to Tech City UK. GP Bullhound, an investment bank, says the north now has 12 tech “unicorns” – that is, companies valued at more than $1bn – which is more than Sweden or Germany. ...
BBC to air recording that implicates Bank of England in Libor scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:45:56 PM
....Del Missier told MPs on the Treasury select committee that he had issued the instruction after a conversation with his then boss, Diamond, in October 2008, when the financial system was on the brink. Diamond was then running Barclays Capital, the investment banking arm, before being promoted to chief executive. ...
Barclays boss used bank's security team to hunt for whistleblower image
Source : Guardian [Read Article] Monday 10th of April 2017 09:06:17 AM
....Born in Boston, Massachusetts, James Edward Staley, nicknamed “Jes”, studied economics at Bowdoin, a liberal arts and science college in Maine. He spent 30 years at Wall Street institution JP Morgan, enjoying a record of success that saw him promoted to chief executive of its investment banking arm in 2009. ...
The Guardian view on productivity: Britain must solve the puzzle | Editorial image
.... But, with labour cheap and plentiful, too many employers see no reason to invest. It is this ingrained tendency that best makes the case for a national investment bank: if the private sector won’t rise to the challenge, the state should step into the breach. ...
Bank of England orders financial firms to draft Brexit contingency plans image
.... He urged politicians not to give in to protectionism on banking rules but to keep an open financial system. Highlighting what he believes is at stake if Brexit results in the City being cut off from the rest of Europe, Carney sought to portray London as a key part of the global financial system and reiterated his earlier claim that “London is Europe’s investment banker”. ...
Brexit: Bank urges City to 'plan for all eventualities' image
Source : BBC [Read Article] Friday 7th of April 2017 09:19:58 AM
....Mr Carney said the two sides were "ideally positioned" to reach an agreement, because they currently have exactly the same bank regulations. He also underlined the importance of the City of London to the EU, saying it was "Europe's investment banker" and a "global public good". ...
Spotify may bypass IPO and list directly on stock market image
Source : BBC [Read Article] Friday 7th of April 2017 01:55:50 AM
....In general, IPOs can also cost a fair chunk of money, and, crucially for Spotify, they can take a lot of time to set up. An IPO needs an investment bank or banks to underwrite an issue of new stock. ...
Why BlackRock wants to pay George Osborne £650,000 a year | Nils Pratley image
.... And, while Fink preaches a gospel of long-termism and sustainability – a refreshing antidote to old-style Wall Street excess – BlackRock’s size means it is constantly in the midst of political and regulatory debates. BlackRock’s closeness to politicians has also come under the spotlight in the past, notably during the financial crisis of 2007-09, when the US administration turned to the firm for help in analysing and solving the meltdowns at investment bank Bear Stearns, giant insurer AIG and government-backed mortgage lenders Fannie Mae and Freddie Mac. ...
Deliveroo accused of 'creating vocabulary' to avoid calling couriers employees image
....”. Will Shu, the former investment banker who founded Deliveroo four years ago, told ITV News that he was not aware of the list of dos and don’ts, but said: “I feel that we’re providing high-paying flexible work to a large number of people. ...

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