City of London’s new “Justice Quarter” gets the go-ahead April 22, 2021 | City Talk New civic development will provide Crown, Magistrates, County and Civil Courts and a new City of London Police HQ, built to tackle national fraud and economic crime. Designed to last at least 125 years, the development will drive recovery and growth in the Square Mile and beyond, ensuring that the City retains its global position [...]
Sadiq Khan and Shaun Bailey row over ‘ludicrous’ £4.68bn tax bombshell claims April 22, 2021 Tory mayoral candidate Shaun Bailey and Sadiq Khan have today clashed over claims that the incumbent London mayor would raise taxes by £4.68bn over the next three years if re-elected. Bailey said today that Khan’s plans would mean households would have to pay £1,339 more in tax, however this figure comes mostly from a proposed [...]
HSBC hires former Wells Fargo lead as its new head of global banking April 22, 2021 HSBC has hired the former executive vice president of Wells Fargo as its new head of global banking in Europe based in the capital. Stepping into the role on 15 July, Lisa McGeough joins HSBC from the California-based bank after 15 years, most recently serving as both executive vice president and head of international. McGeough [...]
HSBC open to climate talks but cannot ‘condone vandalism’ April 22, 2021 Following a climate protest which saw windows smashed at its City headquarters, HSBC has said that it welcomed discussion on climate change but that it could not ‘condone vandalism’. “We welcome meaningful dialogue on our climate strategy; however, we cannot condone vandalism or actions that put people and property at risk,” a spokesman said. “We [...]
MPs call for ‘greenwashing’ ban in financial services April 22, 2021 The UK should take steps towards banning ‘greenwashing’, MP’s have written today, by making environmental labelling compulsory for consumer financial products and task regulators to stop misleading claims. It comes as climate activists smashed windows at HSBC’s Canary Wharf headquarters this morning, in protest of the bank’s investment policies. In the run-up to the UK’s [...]
Top-end homes in Mayfair and St James’s offloaded at 20 per cent below asking price April 22, 2021 Several prime central London postcodes are seeing homes sell at a considerable discount of up to 20 per cent per square foot, according to new data shared with City A.M. this morning. In many areas there is a notable difference between the expectations of home sellers and the price that buyers are willing to pay, [...]
Extinction Rebellion activists smash windows at HSBC in Canary Wharf April 22, 2021 Extinction Rebellion shattered over a dozen windows at HSBC’s headquarters in Canary Wharf as the group stages a climate change protest against the bank’s investment policies. Activists from the Extinction Rebellion group used hammers to break windows and pasted stickers on walls and windows before sitting down to wait for the police to arrive, according to [...]
City needs EU equivalence deal to function properly, warns asset management chief April 22, 2021 The UK government should step up efforts to secure an equivalence deal for financial services as such an agreement is “very important” for the Square Mile, the CEO of one of the world’s largest asset managers has said. Hanneke Smits, who leads BNY Mellon Investment Managers, urged the government to reach an agreement with the [...]
London Bridge evacuation: Station reopened after ‘suspicious item’ found on board a train April 21, 2021 London Bridge evacuation: Station reopened after 'suspicious item' found on
Investing in undervalued care sector is complex and challenging, warns Advinia’s chairman April 21, 2021 Over the past decade, investors and private equity firms have piled into private health and social care, sensing the potential for high returns. However, as the sector is beset with financial stress brought on by the global financial crisis following the pandemic, a range of healthcare providers, including HC-One, the UK’s largest, have started to [...]