Competition for jobs in London hots up as roles on offer fall but jobseekers rise October 12, 2016 Job hunters in London were out of luck last month, as figures out today show the number of financial services roles on offer fell while the number of jobseekers grew compared with the same time last year. According to Morgan McKinley's London Employment Monitor for September, jobs available fell five per cent year-on-year, although professionals seeking [...]
City minister reassures financial services sector it will get a seat at the Brexit negotiations table October 11, 2016 The City minister has today moved to reassure the financial services sector that it will be accounted for in the Brexit negotiations. Speaking at a conference in London, Simon Kirby said: "We are going to keep on doing what it takes to see the UK's financial services industry remain a world leader." Kirby also urged those [...]
Bank boards increasingly cautious about cyber security October 11, 2016 Banks are increasingly worried about cyber security, with the risk now ranking among the top worries for boards, research out today has found. Just less than half (48 per cent) of the banks asked as part of a worldwide survey by EY and the Institute of International Finance identified cyber security as one of the three most important risks [...]
Brace yourself, Wall Street: These major banks have quarterly earnings out this week October 11, 2016 Wall Street investors are unlikely to have that Friday feeling this week, as several big banks are set to release results and the outlook is less upbeat than it could be. Wells Fargo, JP Morgan and Citigroup are all due to reveal earnings for their third quarter on Friday. Tim Ghriskey, chief investment officer at Solaris [...]
PageGroup profits up but Brexit takes toll on UK market October 11, 2016 PageGroup revealed this morning that profits had grown in its third quarter, but the Brexit vote had taken its toll on its UK business. The figures Gross profits for the recruiter's third quarter were £158.6m, an increase of 14.1 per cent on a reported basis from the prior year's £139.1m. However, once foreign exchange movements were [...]
Professional pay continues to inch up as hiring managers struggle to fill jobs October 11, 2016 Salaries for white collar roles have nudged up over the last three years, as employers struggle to find talented staff to fill top finance and technology roles, research out today has found. Starting salaries across all professional roles have increased by an average of 3.7 per cent since 2013, while Robert Half also predicts salaries in accounting, [...]
Investors more concerned about keeping passporting than immigration rights October 11, 2016 Some of the world's biggest financial players are more worried about what would happen if the UK lost passporting rights than immigration rights, research out today has found. Over two-thirds (68 per cent) of the global institutional investors with assets under management of at least $10 trillion (£8.1 trillion) which were surveyed by FTI Consulting said they were concerned UK-based [...]
Former UBS trader’s alleged Libor rigging actions were part and parcel of work culture, court hears October 10, 2016 A former UBS trader facing a ban from the City watchdog for playing a role in manipulating Libor likely did so in a work environment where his actions were seen as commonplace, a court was told today. The Financial Conduct Authority (FCA) moved to ban ex-trader Arif Hussein back in April. However, the ban is not [...]
