HSBC in talks with Bank of England to free up £5bn in China, as regulators review capital policy October 30, 2016 HSBC is in talks with the Bank of England to discuss how it might be able to free up £5bn currently locked up in its Chinese business. The bank, which has a sizable amount of business in Asia, could use the money for activities such as funding new loans. The Sunday Times first reported HSBC had [...]
EMBARGOED: Astbury Marsden report: Two-thirds of City Directors planning job moves this year October 30, 2016 NULL
Banks don’t want to leave London post-Brexit, says City watchdog boss October 30, 2016 A mass exodus of bankers post-Brexit is unlikely, as many institutions simply don't want to leave London, the head of the City watchdog has said. There has been some concern banks may look to move out of the capital following the June's vote to leave the European Union, particularly if the UK fails to secure passporting rights [...]
Fifth of workers paid less than recommended living wage October 30, 2016 A fifth (22 per cent) of workers in Britain earn less than the amount deemed to be a living wage, according to research out today. The study, carried out by Markit on behalf of KPMG, discovered that some 5.6m workers are paid less than the £8.25 per hour, or the £9.40 per hour in London, recommended by the [...]
Business secretary reveals he told Nissan tariff-free trade would be on the Brexit negotiating table October 30, 2016 Nissan were told tariff levels, particularly working to achieve tariff-free trade, would form a key part of the Brexit discussions, the business secretary has revealed today. The Japanese car manufacturer said last Thursday that it was staying put in Sunderland to build its next Qashqai and X-trail models, having previously warned it may opt not invest [...]
Hillary Clinton hits back at FBI again over email saga October 30, 2016 US presidential hopeful Hillary Clinton has hit back again at the FBI director James Comey for deciding to dredge up the matter of how she used her private emails so close to the vote. The Democratic presidential nominee has called on Comey to come forth with more information on why he has decided to reconsider the matter of the [...]
Strong earthquake strikes central Italy October 30, 2016 An earthquake measuring 6.6 magnitude has struck central Italy this morning. The earthquake hit at around 7:40am local time and, its epicentre, according to data from the US Geological Survey, was near Norcia, which is approximately 70 miles northeast of Rome. There have been no reports of casualties at time of writing, although local media and residents have reported [...]
Financial fraud still neglected by most business leaders, despite over a quarter falling victim to or being the target of a scam in the last two years October 28, 2016 Over two-thirds (69 per cent) of business leaders have done nothing to protect their business from financial fraud, research out today has found. Although Financial Fraud Action UK (FFA UK) also discovered that more than a quarter (28 per cent) of businesses had either fallen victim to or been the target of a scam over the [...]
David Davis has met with professional services sector execs to get their Brexit views October 27, 2016 The Brexit secretary today met with key figures from the professional services sector. David Davis, along with ministers Robin Walker and Lord Bridges, chaired a meeting with representatives from a number of trade bodies, including the Law Society, the Bar Council, the Business Services Association and the Institute of Chartered Accountants in England and Wales, and firms, including [...]
