Meet the startups in the Treasury-backed Tech Nation fintech accelerator September 6, 2018 Delivered as part of the Treasury's fintech strategy, Tech Nation has pegged these 20 UK startups as the ones to watch. The startups selected come from across the financial services sector, representing businesses in areas such as payment solutions, financial inclusion, Open Banking innovation, SME lending and artificial intelligence. [infographic id="987"] New figures released today [...]
City Moves for 6 September 2018 – who’s switching jobs at the Financial Conduct Authority, JCDecaux Airport and Howard Kennedy? September 6, 2018 Today's City Moves cover competition, aviation advertising and legal eagles. Take a look at these movers and shakers: Financial Conduct Authority The Financial Conduct Authority (FCA) has appointed Sheldon Mills as its new director of competition. Sheldon is currently senior director, mergers and state aid at the Competition and Markets Authority (CMA). At the CMA, [...]
Goldman Sachs reportedly ditches bitcoin trading plans, taking crypto prices with it September 5, 2018 Goldman Sachs is reportedly dropping its plans to open a desk for trading cryptocurrencies, in a move which yesterday sent the prices of popular coins such as ethereum and bitcoin skidding. Sources familiar with the matter told Business Insider that Goldman Sachs was nervous to continue with the plans while future global regulatory frameworks for cryptocurrencies [...]
Investment management firm Pimco hires ex-Blackstone vice chair John Studzinski September 5, 2018 US investment management firm Pimco has hired top deal maker John Studzinski to advise the company's most important clients. Former Blackstone vice-chairman Studzinski will be based in New York as managing director and vice chairman, reporting to chief executive Emmanuel Roman. Read more: Man Group poaches Sanlam Four's strategic bond fund and team Before joining Californian-headquartered Pimco, which was founded by [...]
Introverts, not loud extroverts, make the best leaders in business September 5, 2018 Think of a business leader. What do you see? Is it a hard-charging, charismatic, sociable and aggressive person? Someone who has risen to the top not only though business acumen, but also through a large network of contacts? Unsurprisingly, this has been the popular and resounding perception in recent years. In fact, a poll conducted [...]
Green is the new gold…and emerging markets are flashing red September 5, 2018 | Sponsored Forget Gold. The greenback is the new safe haven of choice for investors seeking refuge. They are flocking to the US dollar en masse every time geo-political and trade tensions push them to make a defensive move while bullion lags behind. But this is bad news for emerging markets and here is why…. As the [...]
City Moves for 5 September 2018 – who’s switching jobs at Barclays, Earthport and Capital One? September 5, 2018 Today's City Moves covers green banking, cross-border payments and bank holding. Take a look at these movers and shakers: Barclays Barclays has made two appointments to strengthen its green banking client offering. Rhian-Mari Thomas has been appointed as global head of green banking; Victoria Land (pictured) will lead DCM origination in SRI and green bonds. [...]
Fundsmith launches investment trust targeting smaller firms September 4, 2018 Fundsmith has announced plans to create a new £250m investment trust, which will target global small to mid-cap businesses. City veteran Terry Smith, who founded £17bn equity fund Fundsmith in 2010, will invest £25m in Smithson Investment Trust. Read more: Fundsmith partners net £14m as revenues soar The Smithson team will be lead by former Goldman Sachs analysts Simon [...]
If the FCA won’t regulate bad behaviour by banks such as RBS, then who will? September 4, 2018 This summer, the Financial Conduct Authority (FCA) confirmed that it would take no disciplinary action against Royal Bank of Scotland (RBS), despite its “widespread and systematic” mistreatment of SME customers at the hands of its restructuring arm GRG. This is disappointing, but it’s no surprise that the regulator is unable to do anything. The Senior [...]
Business expense fraudsters are burgling from the boardroom’s bottom line September 4, 2018 Running a business costs money. That may sound simple – and in many ways, it is. From paying staff to keeping the lights on, some costs are all part of the never-ending challenge of running a business. But when it comes to employee expenses, things are rarely simple. With wide-ranging rules and limits often being [...]
