Former Barclays trader Jay Merchant jailed for Libor rigging deported to India September 18, 2018 One of the first bankers jailed for Libor rigging has been deported to India, City A.M. can reveal. Indian-born Jay Merchant was the most senior of a group of Barclays bankers sentenced for manipulating the benchmark – used to set borrowing rates for trillions worth of loans and derivatives – following an 11-week trial at Southwark [...]
Santander in talks to buy City stockbroker Peel Hunt September 17, 2018 Spanish bank Banco Santander is in discussions to buy City stockbroker Peel Hunt, it has been reported. Santander, which is the fifth largest bank in the UK, is in early stage discussions over the deal, Sky News revealed, although the talks are preliminary and may not lead to an agreement. Read more: Former Barclays boss Bob [...]
Santander in talks to buy City stockbroker Peel Hunt September 17, 2018 Spanish bank Banco Santander is in discussions to buy City stockbroker Peel Hunt, it has been reported. Santander, which is the fifth largest bank in the UK, is in early stage discussions over the deal, Sky News revealed, although the talks are preliminary and may not lead to an agreement. Read more: Former Barclays boss Bob [...]
HSBC appoints new private banking and European bosses September 17, 2018 HSBC has announced a reshuffle of its top executives in its private banking and European divisions. Global private banking chief executive Peter Boyles will retire after 43 years with the bank and will be replaced by Antonio Simoes from 1 January next year. Read more: Barclays opens up mobile app to rival bank accounts Simoes, who joined HSBC [...]
HSBC appoints new private banking and European bosses September 17, 2018 HSBC has announced a reshuffle of its top executives in its private banking and European divisions. Global private banking chief executive Peter Boyles will retire after 43 years with the bank and will be replaced by Antonio Simoes from 1 January next year. Read more: Barclays opens up mobile app to rival bank accounts Simoes, who joined HSBC [...]
Shore Capital’s asset management division makes up for fall in capital markets September 17, 2018 Weaker capital markets activity held back profits at small cap stockbroker Shore Capital in the first half of 2018 in spite of a big jump in asset management earnings. The firm’s total revenues rose by 6.5 per cent compared to the same period last year to hit £21.6m for the first six months of the [...]
Shore Capital’s asset management division makes up for fall in capital markets September 17, 2018 Weaker capital markets activity held back profits at small cap stockbroker Shore Capital in the first half of 2018 in spite of a big jump in asset management earnings. The firm’s total revenues rose by 6.5 per cent compared to the same period last year to hit £21.6m for the first six months of the [...]
Credit Suisse blasted by Swiss watchdog for corruption failings September 17, 2018 Credit Suisse has been slammed by the Swiss banking watchdog for “deficiencies” in its anti-money laundering procedures in connection with suspected corruption at football body FIFA. Swiss Financial Market Supervisory Authority (Finma) said today it had concluded two enforcement procedures against the bank. The first uncovered “deficiencies in the bank’s adherence to anti-money laundering due [...]
Credit Suisse blasted by Swiss watchdog for corruption failings September 17, 2018 Credit Suisse has been slammed by the Swiss banking watchdog for “deficiencies” in its anti-money laundering procedures in connection with suspected corruption at football body FIFA. Swiss Financial Market Supervisory Authority (Finma) said today it had concluded two enforcement procedures against the bank. The first uncovered “deficiencies in the bank’s adherence to anti-money laundering due [...]
There’s a bright, collaborative future ahead for the City and Northern Ireland September 17, 2018 Last week, I embarked on a visit to Northern Ireland to engage with its financial and professional services sector. With fewer than 200 days until the UK leaves the EU, and the Irish border proving to be one of the more contentious issues surrounding negotiations, this was an excellent opportunity to hear the views of [...]