Theresa May welcomes capitalism 2.0 November 21, 2016 Theresa May has today urged businesses to take a new approach to capitalism, or risk pushing away the public at large. Speaking at the Confederation of British Industry (CBI) conference, the Prime Minister called for "embracing a new approach ensure everybody in the benefits of economic growth" May noted that, although her and her party would [...]
Three things banks want from Wednesday’s Autumn Statement November 20, 2016 The shops are stocking mince pies and there's a distinct chill in the air, which can mean only one thing; the Autumn Statement is near. While those in the booze sector have their fingers crossed for a beer duty freeze and property tycoons want some plans drawn up for affordable homes, what will bankers be hoping [...]
Former President Nicolas Sarkozy bows out of race for Republican party candidate spot November 20, 2016 Nicolas Sarkozy has tonight conceded defeat in the race to become the country's Republican party's Presidential candidate, as France's next general election looms. Sarkozy, who was French President between 2007 and 2012, bowed out as the final votes for the centre-right party's primary were being counted up. Former prime ministers Francois Fillon and Alain Juppe will now most likely go [...]
Credit Suisse eyes possible IPO for new bank November 20, 2016 Credit Suisse could be ready to press go on a massive stock market listing, after it moved more than 1m customers to a new bank which goes live today. The new bank – Credit Suisse (Schweiz) – will cater for the lender's Swiss retail, corporate, private and investment banking clients and was set up as part of the [...]
BHS’ bosses’ cash comes under pressure from pensions lifeboat November 20, 2016 The pensions lifeboat is pushing for legal action to claw back funds from former BHS directors. The once high street staple fell into administration back in April, and was running a deficit worth £571m for its 20,000 member-strong pension schemes at the time. The department store chain's collapse, which ultimately resulted in the closure of over [...]
One more time? Angela Merkel confirms she seek a fourth term November 20, 2016 German Chancellor Angela Merkel has today confirmed she intends to run for a fourth term. Merkel announced she planned to stand as the leader of the Christian Democratic Union, and therefore Chancellor, again. "I thought about this for an endlessly long time. The decision [to run] for a fourth term is – after 11 years in office – anything [...]
Fraud squad to ask for Barclays tribunal to take place behind closed doors November 20, 2016 The fraud squad will tomorrow ask for an employment tribunal for an ex-Barclays exec to take place in private, on the grounds it could compromise its ongoing investigation into the bank. Since 2012, the Serious Fraud Office (SFO) is currently investigating Barclays' handling of an emergency funding exercise back in 2008. As part of that, the fraud [...]
TSB moves to snap up £16bn Bradford & Bingley portfolio November 20, 2016 TSB has put an offer on the table for a £16bn mortgage loan portfolio which belonged to Bradford & Bingley. The government has been slowly but surely selling the assets it picked up in the fallout of the financial crisis, which includes parts of Bradford & Bingley's business. Now, the Sunday Times has reported UK [...]
Reckitt Benckiser teams up with Indiegogo to support health and well-being entrepreneurs November 18, 2016 NULL
When Obama met Merkel November 18, 2016 Outgoing US President Barack Obama is currently on a trip to Berlin to say farewell to German Chancellor Angela Merkel. According to Reuters, Obama described Merkel as his "closest international partner" shortly before jetting off to Germany. Obama has also used the trip as an opportunity to remind President-elect Donald Trump that he might want to cool it [...]
