Barclays tells big business to pay up as small firms face cashflow crisis January 17, 2022 Barclays has warned that big businesses are threatening smaller suppliers' survival with extended payment terms.
Banker parachuted in to expel Credit Suisse’s scandal-laden reputation quits over ignoring Covid-19 rules January 17, 2022 The man parachuted in to save Swiss bank Credit Suisse’s crisis-struck reputation quit yesterday after breaching UK Covid-19 quarantine rules. Banking behemoth António Horta-Osório, 57, resigned as chairman of the Swiss lender after an internal probe found he broke Covid-19 measures to attend the Wimbledon tennis finals last summer. The departure of Horta-Osório is the [...]
Banking star and former Lloyds chief Antonio Horta-Osorio resigns at Credit Suisse after damning probe into personal actions January 17, 2022 Well-known global banker Antonio Horta-Osorio, the former boss of Lloyds Banking Group, has resigned as chairman of Credit Suisse after less than 12 months following an investigation into his personal actions. Antonio Horta-Osorio, who steered lending giant Lloyds back into private ownership after its 2008 financial crisis bailout, said in a statement issued by Credit [...]
Best and the brightest welcome? Home Office tells Canary Wharf couple to move to China January 17, 2022 The Home Office has told a British Canary Wharf computer expert that he should move to China and live with his PhD-studying girlfriend’s family in Shanghai, after rejecting her visa application. Robert Evans, 30, from Aberdeen met his girlfriend, Lisa Li, 31, from Shanghai, whilst studying for a master’s degree in computer science in the [...]
‘A real tower of strength’: City grandee Paul Myners dies aged 73 January 16, 2022 City grandee Paul Myners, known as a steady ship in the capital’s financial affairs, has died at the age of 73. The former Labour minister was brought into Gordon Brown’s government to help tackle the financial crisis of 2008, after making a name for himself in the fund managing space. Former prime minister Brown called [...]
JP Morgan looking to poach Big Four accountants after relaunching recruitment scheme January 14, 2022 JP Morgan has relaunched a scheme to poach newly qualified accountants from Big Four firms, in a sign that demand for junior bankers will remain high throughout 2022. The investment bank last week reoponed its recruitment scheme through which newly qualified accountants working in Big Four accountancy firm can become analysts within JP Morgan’s investment [...]
JP Morgan hits record annual profits despite fourth quarter slowdown January 14, 2022 JP Morgan has reported record annual profits today despite a slowdown in its trading business and rising costs biting into into fourth quarter profit margins. Profits for the full year hit a record $48.3bn, but the final quarter of the year saw a dip to $10.4bn, a 14 per cent fall on the previous year. [...]
Switzerland steps up CBDC efforts as UK sounds alarm January 13, 2022 As countries worldwide step up CBDC efforts legislators are divided over the risks posed by the new digital currencies.
Starling Bank tops customer experience ranking as demand for digital banking booms January 13, 2022 Starling Bank has topped a list of the UK’s best customer experience companies.
‘The time is now right’: NatWest creates new digital team in blockchain push January 13, 2022 Natwest has launched a new digital team within its capital markets business to expand the bank's use of blockchain technology.