Barclays raids JP Morgan for new boss of Corporate and Investment Bank September 5, 2016 Barclays has turned to fellow banking giant JP Morgan for the new boss of its Corporate and Investment Bank, it was announced today. Tim Throsby, currently global head of equities at JP Morgan, is expected to join Barclays as president of Barclays Corporate & International and chief executive of Barclays Corporate and Investment Bank in January next year. Throsby, [...]
Greek banking shares down after reports suggest Eurozone bailout money might be off the table September 5, 2016 Shares in Greek banks plunged today after it was reported there was no further bailout money heading Greece's way from the Eurozone later this month. Alpha Bank closed down 2.7 per cent at €1.79, while Piraeus Bank is down 2.6 per cent at €0.15. Eurobank Ergasias finished down 3.2 per cent at €0.54, and National Bank of Greece is down 2.4 [...]
Second EU referendum legally possible, politically improbable September 5, 2016 Remainers (or Leavers having second thoughts) hoping for another punt at the EU membership vote might want to cover their ears now – the legal eagles have some bad news for you. A second referendum is legally possible, but politically, highly unlikely, lawyers have reminded people ahead of this afternoon's parliamentary debate. The debate, which will take [...]
More than a third of corporate debt is now with challenger banks, but London firms yet to be convinced September 5, 2016 Challenger banks are giving the incumbent players a run for their money, as figures out today show over a third (34 per cent) of UK business mortgages and charges are now issued by the smaller, newer lenders. In particular, 32 per cent of corporate debt is handled by what Avention, which carried out the research, classifies as smaller [...]
More companies have had their remuneration reports disapproved of than in the shareholder spring September 5, 2016 You weren't just imagining it – there really was a lot of uproar about bumper boardroom pay in 2016. More FTSE 100 chief executives received a bloody nose over their paypacket during this year's AGM season than in the so-called shareholder spring, according to figures published today. The proportion of companies which managed to secure less than three-quarters of [...]
Why PwC’s head of people wants firms to try harder with recruitment September 4, 2016 It’s 2016. The UK has its second female Prime Minister running the country, the US could potentially get its first female President later in the year, and there’s no shortage of positive role models for working women looking for inspiration. This makes the revelation of Laura Hinton, head of people and an executive board member [...]
Everything you need to know about tomorrow’s EU referendum rules debate September 4, 2016 The online petition questioning the EU referendum rules – or the so-called second referendum petition – reaches parliament tomorrow, with a debate scheduled in Westminster Hall for the afternoon. The petition, which was started by Leave supporter William Oliver Healey roughly a month before the vote even took place and has received more than 4m signatures, called on [...]
EU takes closer look at more Irish tax deals, as Apple decision fallout rumbles on September 4, 2016 The European Commission is closely scrutinising a slew of Irish tax opinions, less than a week after its competition division decided its dealings with Apple amounted to illegal state aid. The European Competition Commission hit the tech giant with a bill for €13bn (£10.9bn) last week following a two-year investigation into the company's tax affairs in Ireland. [...]
Look away, legal eagles: Revenue and staff numbers slipped at the UK’s 100 largest law firms in 2016 September 2, 2016 This year has not been kind to those with a head for all things legal, as both revenue and staff numbers dropped at the UK's 100 largest law firms. The firms raked in a combined turnover of £20.2bn this year, a slip of two per cent compared with the £20.6bn reported last year. Meanwhile, the number [...]
