Banking on the future: The boss of the Association of Foreign Banks speaks to CityA.M. December 12, 2019 Among the many services that the Association of Foreign Banks (AFB) provides to its global members is a guide on how to handle allegations of workplace harassment. Overseas banks with an office in the UK can pay their trade body a small fee for a 26-page report that highlights case studies of misconduct. It even [...]
Prince Andrew’s Pitch@Palace scheme loses third director December 12, 2019 Prince Andrew’s embattled Pitch@Palace initiative suffered another blow as a third director resigned from the company. German-born David Stern, a private investor, is listed as having quit both Pitch@Palace and its international sister, Pitch@Palace Global, on 9 December. Read more: Prince Andrew steps down from Pitch@Palace role On 19 November fellow directors Hanadi Jabado and [...]
All Blacks new head coach Ian Foster has massive shoes to fill December 12, 2019 Ian Foster will have massive shoes to fill as the All Blacks new head coach. It is a job you would simultaneously love and loathe because New Zealand are already at the top; the expectation is that you keep them there. It will be no easy feat to replace Steve Hansen, who has stepped down [...]
Manchester United’s attack looks reinvigorated with Anthony Martial allowing Marcus Rashford to flourish December 12, 2019 A lot can change in a week. Just eight days ago Ole Gunnar Solskjaer’s position as Manchester United manager looked under serious threat: the club had won just six league games in the last 22 ahead of difficult ties against Tottenham and Manchester City, while Mauricio Pochettino appeared to be waiting in the wings. Today, [...]
Game on at smoky Barrels virtual shooting experience December 12, 2019 | Sponsored Enjoy the City’s first ‘virtual hunting experience’ alongside a slap-up Scottish meal at Smoky Barrels. Not often do you stumble upon a shooting range in the middle of the Square Mile, but with the arrival of Smoky Barrels to Devonshire Square, it’s now possible to go great guns on post-work drinks. Smoky Barrels is the [...]
Opportunities in an evolving financial industry December 12, 2019 | City Talk In today’s investment landscape, a paradigm shift is underway. Economic headwinds, ever-changing financial regulations, and the rise of artificial intelligence (AI) and financial technology are transforming the industry. What clients want is evolving, too. Returns alone are not enough. Clients today are looking for asset managers who can meet a comprehensive set of needs and deliver greater value [...]
Federal Reserve ends cycle of cutting interest rates December 11, 2019 The US Federal Reserve left interest rates on hold today, bringing to an end the cutting cycle instigated in July. The decision came after a booming US jobs report on Friday showed that employment rose by its most in ten months in November. The Fed’s target interest rate will stay at between 1.5 and 1.75 [...]
Aberdeen Standard offloads largest property fund asset December 11, 2019 Aberdeen Standard Investments has offloaded the biggest asset in its property fund following a spike in investor redemptions. The asset management giant has sold The Moor shopping centre in Sheffield to New River real estate investment trust, after putting it on the market with an £89.4m price tag. Read more: Debate: Should illiquid assets be [...]
EU Commission unveils ‘European Green Deal’ in Brussels December 11, 2019 The president of the EU Commission today in Brussels set out the details of her long-expected “European Green Deal”, as the UN climate summit continues in Madrid. Ursula von der Leyen described the plan, which would make the EU the world’s first climate neutral continent by 2050, as Europe’s “man on the moon moment.” Read [...]
Rugby, Avengers Endgame, and Article 50: What trended on Google in 2019? December 11, 2019 Rugby, cricket and Game of Thrones topped Google searches in both London and the UK, as Google released its 2019 Year in Search lists today. Google also revealed the most popular people, events, and topics searched in London and the UK. England’s run to the final of this year’s Rugby World Cup propelled the event [...]