Lazard banker Antonio Weiss is set to become Barack Obama’s top domestic policymaker on banking and finance, as the president’s pick for the US Treasury. Weiss is the global head of investment banking at Lazard.
NORTHERN Irish radio and television broadcaster UTV yesterday announced a nine per cent increase in revenue to £84.7m in the nine months to 30 September, thanks in large part to improving economic conditions in the UK and Ireland.
THE ECONOMY needs more thrifty savers and fewer debt-fuelled splurges, Treasury minister Andrea Leadsom said yesterday.
She called for more competition in the banking market, as well as a new drive to promote financial education.
EUROPE’S largest media group Reed Elsevier yesterday agreed to buy a US healthcare data firm, in a deal City A.M. understands to be worth around $150m (£95.27m), to boost its Lexis Nexis business in the world’s largest healthcare market.
OIL AND gas company Gulf Keystone Petroleum stated yesterday that it was on track to achieve production of 40,000 barrels of oil per day (bopd) at its Shaikan operation in Kurdistan by the end of 2014.
BRITISH and Broadcasting has been dropped by Britain’s largest Pay TV operator BSkyB as it adopted Sky as its official name yesterday after completing the £7bn takeover of its European sister companies, Sky Deutschland and Sky Italia.
BROADCASTER ITV celebrated its “best outperformance of the market for five years” yesterday, as the company saw broadcast ad revenues rise six per cent “well ahead of the UK television advertising market”, according to its chief executive.
From Legal & General boss Nigel Wilson to WPP boss Sir Martin Sorrell, you could barely move at the fifth annual City A.M. Awards - held last night at the Grange St Paul's Hotel - without bashing elbows with a few City grandees.
The Federal Reserve in the US has been looking to extract itself from its quantitative easing (QE) programme over the last 18 months, but feared if it did so too soon, it would cause turmoil in the financial markets.