Bremainer and Brexiteer team up to bolster British businesses August 2, 2016 Proving there are always two sides to every story, even when it comes to businesses and Brexit, a Leave and a Remain campaigner have today announced they are joining forces to help worried firms. Andrew MacLeod, Remain campaigner, former global executive for Rio Tinto and visiting professor in public policy at Kings College London, has teamed up with Donal Blaney, [...]
UBS rogue trader Kweku Adoboli says his actions were like a self-sacrifice to chase his employer’s goals August 1, 2016 Rogue trader Kweku Adoboli has hit back at suggestions he acted out of greed, correcting his critics by saying his actions were motivated by wanting to benefit his employer. Adoboli was convicted on two counts of fraud in 2012 after his unauthorised trading lost Swiss banking giant UBS £1.4bn. He was released from prison last summer [...]
Tom Hayes’ crowdfunding campaign breaks £30,000 mark August 1, 2016 The crowdfunding campaign to raise money for Tom Hayes' legal fees has broken the £30,000 barrier. The Fundrazr campaign, which has been set up to support the former UBS and Citigroup traders' appeal to the Criminal Cases Review Commission (CCRC), has now raised £30,705, or 20 per cent, of its £150,000 target. The campaign had been stalled [...]
Brexit boost for lawyers and compliance experts as hiring jumps in June August 1, 2016 Legal-lovers and HR-hot shots are the latest winners from the UK's decision to breakaway from the European Union, a new survey of professional employment has found. While various indicators of hiring-and-firing following the referendum have shown that unemployment is unlikely to surge over the following months, it is those with a Brexit-specific set of skills that [...]
Crunching the numbers: Mazars completes on deal with Corality Financial Group August 1, 2016 Get ready for a whole bunch of number crunching: Accountants Mazars has completed its acquisition of financial modelling and training firm Corality Financial Group. As part of the deal, Corality's training academy and financial modelling services will be rebranded as Corality by Mazars. The new brand will be led by Rickard Warnelid, previously Corality Group's chief executive who will now [...]
UBS rogue trader Kweku Adoboli is sorry but warns it could happen again August 1, 2016 UBS rogue trader Kweku Adoboli has warned banking culture still has a lot to answer for. Adoboli was convicted on two counts of fraud in 2012 after his unauthorised trading lost Swiss banking giant UBS £1.4bn. He was released from prison last summer after serving around half of his seven-year sentence. Now, Adoboli has told [...]
Court could be about to throw a spanner in the works for Corbyn’s Labour dreams July 28, 2016 The fate of Jeremy Corbyn's somewhat controversial battle to stay leader of the Labour party rests on a knife edge, as the high court is due to hand down judgment in a case on the matter later on today. If the case does not go in Corbyn's favour, the Labour party may have to backtrack [...]
Ex-Barclays Cartel member told “life isn’t fair” as he was shown the door, court hears July 26, 2016 A former Barclays trader was told "life isn't fair" shortly before being fired, a court heard today. Chris Ashton was disciplined by the bank in April last year. He was previously a member of "The Cartel", a chat room used by senior traders at a number of banks to share information in a bid to shift currency benchmarks in [...]
This PR firm refused to share a building with a charity helping ex-offenders July 25, 2016 A fashion PR firm has refused to share its Islington office building with a charity that helps women ex-offenders get into work, City A.M. understands. Lee Publicity – a home and fashion PR company – reportedly took exception to charity Working Chance running workshops for ex-offenders in its building. Working Chance runs workshops to help women write [...]
The strength of the UK’s legal eagles heightens need for favourable Brexit deal July 20, 2016 Five successive years of growth in the legal sector increases the need to secure the best business deal possible in Brexit negotiations, a study out today argues. The research by TheCityUK found gross fees for UK-based legal services firms had risen by 1.3 per cent to £30.9bn in 2014-15, while the sector contributed £25.7bn – or 1.6 per cent of GDP – [...]