We’ve all learnt from the collapse of Lehman Brothers, but complacency isn’t an option September 14, 2018 As wenear the 10 year anniversary of the Lehman administration this weekend, there has been a vast amount of commentary looking back. At this huge milestone, it’s certainly worth taking a moment to remind ourselves of how far we’ve come. If I take myself back to that Sunday, when the prospect of Lehman Brothers going [...]
RBS boss Ross McEwan ‘withheld information’ from parliament, claims Treasury Committee chair Nicky Morgan September 14, 2018 The chief executive of Royal Bank of Scotland has been accused of "withholding information" when giving evidence to parliament. Ross McEwan told the Treasury Select Committee, including Tory chair Nicky Morgan, back in January that he was not aware of any allegations of criminal activity within the bank's notorious and now-defunct Global Restructuring Group (GRG). [...]
In the shadow of the Lehman Brothers collapse: A decade of change in the City of London September 14, 2018 The collapse of Lehman Brothers remains shorthand for the start of the global financial crisis and a period when the foundations of capitalism shook. A decade on the Western financial system is still struggling to move out of the shadow of the events of 15 September 2008. Political events around the world today are still [...]
In the shadow of the Lehman Brothers collapse: A decade of change in the City of London September 14, 2018 The collapse of Lehman Brothers remains shorthand for the start of the global financial crisis and a period when the foundations of capitalism shook. A decade on the Western financial system is still struggling to move out of the shadow of the events of 15 September 2008. Political events around the world today are still [...]
Bank of England boss Mark Carney warns house prices could fall by a third in a no-deal Brexit September 13, 2018 The governor of the Bank of England Mark Carney said house prices could crash 35 per cent over three years in the event of a no-deal Brexit in a briefing to cabinet today. Carney said if the UK crashed out of the European Union without a deal, a sharp rise in mortgage rates could torpedo [...]
Bank of England boss Mark Carney warns house prices could fall by a third in a no-deal Brexit September 13, 2018 The governor of the Bank of England Mark Carney said house prices could crash 35 per cent over three years in the event of a no-deal Brexit in a briefing to cabinet today. Carney said if the UK crashed out of the European Union without a deal, a sharp rise in mortgage rates could torpedo [...]
Lehman lives: Administrators approach the end of the road a decade on September 13, 2018 It is known as one of the biggest corporate collapses ever, so it will probably surprise some people that Lehman Brothers still employs a significant number of people. The firm still occupies office space in Citi’s headquarters in Canary Wharf, after moving out of 25 Bank Street in 2009, as the more than decade-long task [...]
Lehman lives: Administrators approach the end of the road a decade on September 13, 2018 It is known as one of the biggest corporate collapses ever, so it will probably surprise some people that Lehman Brothers still employs a significant number of people. The firm still occupies office space in Citi’s headquarters in Canary Wharf, after moving out of 25 Bank Street in 2009, as the more than decade-long task [...]
Goldman Sachs shakes up top team as Solomon prepares to take the helm September 13, 2018 US bank Goldman Sachs has installed a new chief finance officer and new chief operating officer as incoming chief executive David Solomon prepares to take control. The bank named Stephen Scherr as its new finance boss, replacing Martin Chavez. Chavez, who has served as finance chief since May 2017, will return to the bank’s trading [...]
Goldman Sachs shakes up top team as Solomon prepares to take the helm September 13, 2018 US bank Goldman Sachs has installed a new chief finance officer and new chief operating officer as incoming chief executive David Solomon prepares to take control. The bank named Stephen Scherr as its new finance boss, replacing Martin Chavez. Chavez, who has served as finance chief since May 2017, will return to the bank’s trading [...]