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 [...]
Round 2… Fight! Trump hits back at JP Morgan boss Dimon September 13, 2018 US President Donald Trump hit back today at JP Morgan boss Jamie Dimon who yesterday said he could beat Trump in a presidential race. Trump tweeted: https://twitter.com/realDonaldTrump/status/1040198906842427392 Dimon, a donor to the Democratic Party, yesterday said he could beat Trump because “I'm as tough as he is, I'm smarter than he is”. Dimon said he [...]
Round 2… Fight! Trump hits back at JP Morgan boss Dimon September 13, 2018 US President Donald Trump hit back today at JP Morgan boss Jamie Dimon who yesterday said he could beat Trump in a presidential race. Trump tweeted: https://twitter.com/realDonaldTrump/status/1040198906842427392 Dimon, a donor to the Democratic Party, yesterday said he could beat Trump because “I'm as tough as he is, I'm smarter than he is”. Dimon said he [...]
Former Barclays boss Bob Diamond claims banks are too risk-averse since financial crash September 13, 2018 The former boss of Barclays, Bob Diamond, has said that banks are too risk averse in today's post-financial crash environment. Diamond, who was once described as the "unacceptable face of banking" by Labour minister Peter Mandelson, took a different tone ahead of the 10-year anniversary of the Lehmans Brothers collapse on Saturday. "The culture of banking [...]
Former Barclays boss Bob Diamond claims banks are too risk-averse since financial crash September 13, 2018 The former boss of Barclays, Bob Diamond, has said that banks are too risk averse in today's post-financial crash environment. Diamond, who was once described as the "unacceptable face of banking" by Labour minister Peter Mandelson, took a different tone ahead of the 10-year anniversary of the Lehmans Brothers collapse on Saturday. "The culture of banking [...]
No-deal Brexit risks UK recession and credit rating cuts says Moody’s September 13, 2018 A no-deal Brexit would risk a recession in the British economy and endanger the credit ratings of a host of companies, an influential rating agency said today. Moody's Investor Service said the risk of negotiations between the UK and the EU breaking down had “risen materially” in recent months, in an update to the market. [...]