Gordon Brown: World ‘sleepwalking’ to another financial crisis September 13, 2018 The world is “sleepwalking” into another financial crisis, former Prime Minister Gordon Brown said today, but said it lacks the international will to quickly recover. Read more: A decade on, hubris is the lesson to learn from the Lehman tragedy Brown issued the warning in the week marking the 10th anniversary of the collapse of [...]
Boss of private bank Coutts says impact of Brexit negligible September 12, 2018 The chief executive of private bank Coutts said today that Brexit would have little impact on the bank or its customers. Coutts boss Peter Flavel said “the impact on us as a business [of Brexit] is not great,” in an interview on Bloomberg TV. He said the majority of the bank’s wealthy clients were UK-based, with [...]
Boss of private bank Coutts says impact of Brexit negligible September 12, 2018 The chief executive of private bank Coutts said today that Brexit would have little impact on the bank or its customers. Coutts boss Peter Flavel said “the impact on us as a business [of Brexit] is not great,” in an interview on Bloomberg TV. He said the majority of the bank’s wealthy clients were UK-based, with [...]
Lloyds Banking Group closes another 15 branches September 12, 2018 Lloyds Banking Group today announced the closure of another 15 branches as the steady whittling down of the British bank network continues. Britain's biggest retail bank said 23 jobs will be at risk, with the closures taking place between January and March 2019. The bank is aiming for none of the job losses to be [...]
Lloyds Banking Group closes another 15 branches September 12, 2018 Lloyds Banking Group today announced the closure of another 15 branches as the steady whittling down of the British bank network continues. Britain's biggest retail bank said 23 jobs will be at risk, with the closures taking place between January and March 2019. The bank is aiming for none of the job losses to be [...]
Perella Weinberg partners take home slice of £16m profit September 12, 2018 Bankers at M&A advisory firm Perella Weinberg took home a slice of £16m profit last year. Operating profit for last year was £16.4m, almost double the £8.4m reported in 2016, and was divided between eight partners working for the investment bank in the City. Read more: Profits bounce back at Galliford Try but bypass woes loom The highest paid [...]
Perella Weinberg partners take home slice of £16m profit September 12, 2018 Bankers at M&A advisory firm Perella Weinberg took home a slice of £16m profit last year. Operating profit for last year was £16.4m, almost double the £8.4m reported in 2016, and was divided between eight partners working for the investment bank in the City. Read more: Profits bounce back at Galliford Try but bypass woes loom The highest paid [...]
JP Morgan boss Jamie Dimon: ‘I could beat Trump… because I’m as tough as he is, I’m smarter than he is’ September 12, 2018 The chief executive of bank JP Morgan today claimed he could beat US President Donald Trump in an election. "I think I could beat Trump… because I'm as tough as he is, I'm smarter than he is," he said. Dimon, 62, who has previously ruled out a presidential run, said today that as a rich [...]
JP Morgan boss Jamie Dimon: ‘I could beat Trump… because I’m as tough as he is, I’m smarter than he is’ September 12, 2018 The chief executive of bank JP Morgan today claimed he could beat US President Donald Trump in an election. "I think I could beat Trump… because I'm as tough as he is, I'm smarter than he is," he said. Dimon, 62, who has previously ruled out a presidential run, said today that as a rich [...]
RBS warns of peer-to-peer lending and shadow banking risks September 12, 2018 Risks to the financial system are being pushed out of the regulated banking sector to less regulated areas, according to the chair of Royal Bank of Scotland (RBS). Sir Howard Davies highlighted peer-to-peer lenders and the shadow banking system as areas where systemic risks could build up in a speech today. Read more: RBS chief [...]