Editor’s notes: Does Trump’s victory provide opportunities for the UK? Maybe November 10, 2016 One benefit of Trump’s shock victory is that it makes the Brexit vote look like a council by-election in comparison. The world is now used to the idea that over the next two years the UK will slip the surly bonds of Brussels, and although the full details of that plan aren’t fully understood it’s the [...]
London needs to act quick to reassure talent it’s still wanted post-Brexit, warns London Chamber of Commerce and Industry November 10, 2016 London needs to act quickly to reassure overseas workers they will still be welcome to stay in the city following Brexit, the London Chamber of Commerce and Industry (LCCI) head has said today. The country's non-UK workforce has been facing questions since the 23 June as to whether they will be allowed to stay once the [...]
Ex-Cameron adviser Dan Korski is on the look-out for people to back an innovative new fund November 10, 2016 One of David Cameron’s fellow Brexit vote victims is on the hunt for backers for a fund that will invest in public sector technology projects. Dan Korski, who quit his role as special adviser to David Cameron following Britain's decision to leave the EU, is planning to launch a new "govtech" fund. And, according to reports [...]
Donald Trump signals plans to dismantle Dodd-Frank November 10, 2016 Donald Trump's team has signalled its intention to tear up a key piece of banking regulation. "The Dodd-Frank economy does not work for working people," a statement on the new president-elect's website read. "Bureaucratic red tape and Washington mandates are not the answer. "The Financial Services Policy Implementation team will be working to dismantle the Dodd-Frank Act [...]
Barack Obama and Donald Trump put aside differences to ensure smooth transition November 10, 2016 Barack Obama and Donald Trump got the presidential transition ball rolling this afternoon by holding an "excellent" meeting. Chewing the fat in the Oval Office, both men put past differences to one side and afterwards smiled for the cameras in what appeared to be a very cordial event. The get-together is likely to be the first of many [...]
Brexit is an opportunity to revamp Europe’s financial landscape, according to Milan November 10, 2016 Brexit could be a great driver for change in financial reform across Europe, according to a group established to promote business relations between London and Milan. Select Milano chairman Bepi Pezzulli told City A.M.: "Every time you have [a shock like the Brexit vote] you also have the opportunity to create economies of efficiency and do something better." In particular, [...]
Tesco Bank fraud tars UK financial image, warns home secretary Amber Rudd November 10, 2016 Scandals like the recent cyber attack on Tesco Bank risk damaging the UK's prized financial reputation, the home secretary has warned today. Speaking at a conference hosted by the Financial Conduct Authority (FCA), Amber Rudd cautioned that public confidence in financial institutions was rocked when such incidences occurred and the government saw cyber crime as a [...]
“I’ve got the best job in the world”, says Sadiq Khan, City A.M.’s Personality of the Year 2016 November 10, 2016 Sadiq Khan is feeling ambitious as he sits down with City A.M to discuss his first six months as London mayor. Khan isn't just sketching out his plans for the next six months in office – the former Tooting MP is talking in decades. To be precise, he's talking about serving no fewer than six [...]
Reports: Donald Trump considering JP Morgan chief Jamie Dimon for treasury secretary spot November 10, 2016 Although Donald Trump's policies might still look a little vague, it looks like his advisers have started dropping hints about who they want to take the top spot in the treasury. Trump's advisers have suggested the new president-elect should take on JP Morgan chairman and chief executive Jamie Dimon as treasury secretary, according to CNBC. [...]
Businesses are unwittingly entering the political fray with post-Brexit price rises November 10, 2016 More businesses are justifying price rises by blaming the fall in the pound post-Brexit. Whatever their commercial reasons, this is an extremely dangerous game. Commenting in these ways means entering the political arena at a sensitive time. These firms should be ready for serious scrutiny and hostile comment – now, but more importantly in the [...]