Christopher Steele, the man behind the Trump dossier, heads back to work, and breaks his silence to thank people for their support March 7, 2017 The ex-MI6 agent behind the controversial dossier claiming to prove a link between President Donald Trump and the Russian government has returned to work today, stopping to have a quick word with reporters on his way through the door. Christopher Steele, now director of London-based Orbis Business Intelligence, compiled the dossier which was published by Buzzfeed in January. [...]
Work and Pensions Committee to pick over Vauxhall pension scheme and its £840m deficit, as well as retirement funds at BHS and Bernard Matthews March 7, 2017 A group of MPs revealed today they are having a closer look at Vauxhall's pension pot, the day after it was announced the European unit of the motoring brand's owner was being purchased by French car firm PSA. The Work and Pensions Committee also said it is scrutinising the status of Bernard Matthews' retirement funds and the recent £363m settlement [...]
“Inherent conflict of interest” existed in overseeing of Libor, court told in case against two ex-Barclays traders March 7, 2017 A witness from the so-called "voice of banking" told a court today there was an "inherent conflict of interest" in Libor's governance, as trial of two ex-Barclays traders rumbles on. The Serious Fraud Office has claimed Stylianos Contogoulas, 45, and Ryan Reich, 35, played roles in a conspiracy to fix the benchmark rate between 1 June [...]
Pensions taskforce to call for £1.5 trillion superfund to plug black holes in UK’s retirement funds March 6, 2017 A group of pensions experts will call on the government in the next few days to set up a £1.5 trillion superfund to fix the UK's pensions crisis. According to Sky News, which first reported the story, the committee set up by the Pensions and Lifetime Savings Association (PLSA) is expected to urge ministers to consolidate all of [...]
City watchdog reveals plans to slap convicted Libor trader Tom Hayes with industry ban March 6, 2017 NULL
Former Labour home secretary brands proposed new solicitors’ exam a potential matter of “national concern” March 6, 2017 A former Labour home secretary said today proposed changes to qualifying exams for solicitors should be treated as a matter of national concern. Both Lord Blunkett and Lord Low of Dalston, the latter of whom brought the question forward for debate in the House of Lords, argued the Solicitors Qualifying Exam put forward by the Solicitors [...]
It’s a thumbs up from the City: Over half of bankers think the Senior Managers’ Regime was a good idea March 6, 2017 Bankers have given their blessing to a recently introduced set of rules designed to increase personal accountability, the next tranche of which is due to take effect tomorrow. Over half (55 per cent) of nearly 200 senior finance execs polled by Duff & Phelps think the Senior Managers' and Certification Regime, which first came into force last [...]
A new breed of Boris bikes could soon be available at your local uni, as Santander launches crowdfunding competition March 6, 2017 Uni students could soon be zipping around campus on their own versions of Boris bikes, as Santander is launching a competition to help institutions set up their own schemes. Santander Cycles University Competition will give two universities the opportunity to get their hands on funding for a cycle scheme, while the other universities which take part will receive [...]
University of Barclays: Lender to launch the UK’s first degree-level apprenticeship in banking later this year March 6, 2017 Barclays will launch a degree-level apprenticeship in banking later this year, the UK's first such offering. The programme will allow participants to study for a degree, or equivalent qualification, should they choose and will let them specialise in a range of areas of banking, including corporate, investment and retail. "We want people of all ages and [...]
Former national intelligence director James Clapper says no order existed to tap Trump’s phones March 5, 2017 A former US national intelligence director has slammed Donald Trump's claims the Obama administration ordered a wiretap of phones at now-President's election campaign headquarters at Trump Tower in New York. James Clapper, who stood down from his role at the end of President Obama's tenure, told NBC: "There was no such wiretap activity mounted against the President-elect at the [...]
