London banking job losses will be “small” according to chancellor Philip Hammond January 20, 2017 Chancellor Philip Hammond has said job losses at banks in the UK after Brexit will be “small”, after earlier calling for the maximum possible reciprocal trade access with the EU. Multiple international banks have announced they are considering moving jobs out of the UK in recent weeks, with London’s dominant financial services sector under threat. [...]
Former chancellor George Osborne set for role at world’s biggest asset manager, BlackRock January 20, 2017 Former chancellor George Osborne is set to take a job at BlackRock, the world’s biggest asset manager. The company has announced Osborne will join as a part-time senior advisor to the BlackRock Investment Institute, a research arm of the asset manager. Osborne will start on 1 February with a role focused on European politics, China's economy, [...]
Royal Bank of Scotland flogs £235m of investment grade shipping loans to Japanese bank January 20, 2017 Royal Bank of Scotland (RBS) has sold £235m of Greek shipping loans to Japanese firm Orix in an attempt to bolster the coffers of the majority state-owned bank. The sale is considerably smaller than the original $3bn deal to sell the whole of RBS' Greek shipping business to Orix, and a narrower portfolio compared with $600m of debt [...]
The great Gatwick switch starts next week: British Airways, easyJet and Virgin Atlantic swap terminals January 20, 2017 Gatwick is braced for some rather confused passengers next week as it starts its mass airline merry-go-round. So the airport is doing what it can to make sure any travellers know the changes ahead of time. It has issued advice for British Airways, easyJet and Virgin Atlantic passengers, telling them to check which terminal they'll be [...]
East London Tube station closed as police investigate assault January 20, 2017 British Transport Police have been called to Upney station in east London this afternoon following reports of a fight. The station is currently closed while specialist crime scene officers collect evidence. Officers from the BTP treated a man for a minor laceration at the scene, and he is now receiving further treatment from the London [...]
Police search for Tube hero who jumped onto tracks at Bank station to save vulnerable man January 20, 2017 British Transport Police are searching for a member of the public who jumped onto the tracks at Bank station yesterday to save a man's life. BTP said they were looking for the "hero", who had risked his own life to save a "vulnerable" man, so they can thank him. Officers were called to the southbound Northern [...]
Bank junction is about to grind to a halt again as black cab drivers demonstrate for the fifth day in a row January 20, 2017 The junction outside the Bank of England will grind to a halt for the fifth consecutive afternoon today, as black cab drivers once again make their views felt over plans to reduce the number of fatal accidents there. Once again, City of London police pointed out that the protest, in which cabbies will bring their vehicles [...]
ECB president Mario Draghi is under investigation over allegations he played a part in an elite group of global bankers January 20, 2017 European Central Bank (ECB) president Mario Draghi is set to come under investigation by an EU body after a complaint over his membership of an elite group of bankers from around the world, including JP Morgan, UBS and Credit Suisse. The European Ombudsman, which follows up complaints by EU citizens over maladministration, will investigate whether [...]
Nissan boss fails to commit to the Britain until Brexit details are known throwing firm’s UK future into doubt January 20, 2017 Nissan will only decide the fate of its UK's operations when the terms of Britain's exit from the EU become clear, boss Carlos Ghosn said today at Davos. Last October, Prime Minister Theresa May sparked controversy by providing a "letter of comfort" to Nissan saying that the UK's Brexit strategy would not harm the carmakers export competitiveness. While [...]