This challenger bank is moving to a larger London HQ August 23, 2016 Hampshire Trust Bank has revealed today it will be moving to larger London headquarters to house its expanded team. The bank, which launched in its current format two years ago, is planning to make the move from its 7,500 square foot headquarters near the Barbican to a newly refurbished 21,000 square foot office on Bishopsgate. In its most [...]
UK jobs rebuffed Brexit woes in July, finds Robert Walters August 22, 2016 The UK jobs market warmed up throughout July, as employers got back into action following the Brexit vote, research from one specialist recruitment consultancy has found. Figures from Robert Walters, seen exclusively by City A.M., found the number of vacancies advertised across the UK jumped by 21 per cent in July compared with June. Employers were keen [...]
Steve Wynn opens doors on new Macau resort August 22, 2016 Casino tycoon Steve Wynn has today opened the doors of his latest resort in Macau. Wynn Palace, which is located in Cotai, cost $4.2bn (£3.2bn), boasts an eight-acre Performance Lake and fountain show and houses an art collection that was collated over a six-year period and is worth over $125m. "Wynn Palace is arguably the most beautiful hotel in the [...]
Bank of America escapes $1.3bn fine after court declines to go back on decision August 22, 2016 Bank of America has dodged a $1.3bn (£990m) fine, after a US court decided to drop the issue. The 2nd US Circuit Court of Appeals in New York opted not to reconsider its previous decision to overturn the bumper penalty the bank had been initially slapped with after a jury decided the lender was liable for mortgage [...]
Wonga to get a new UK boss August 22, 2016 Payday lender Wonga is due to get a new UK top dog. Former Travelex executive Tommy Jordan is set to head up the business' UK operations, replacing Tara Kneafsey. Kneafsey was promoted earlier this year to lead the wider business. According to Sky News, which first reported the story, insiders have said Jordan, whose promotion is due to [...]
Merkel, Renzi and Hollande had this to say about Brexit August 22, 2016 The French President has today urged EU countries to reject nationalist tendencies as he met with the leaders of two of the bloc's major economies. Francois Hollande is meeting with German Chancellor Angela Merkel and Italian Prime Minister Matteo Renzi in Italian aircraft carrier Garibaldi, which is currently playing a critical role in Europe's migrant rescue efforts. According [...]
Panama’s banking system grows by more than $4bn in first half of 2016, but profits drop thanks to new red tape August 22, 2016 Panama's government has revealed assets held by its banking system had grown by over $4bn (£3.1bn) in the first half of the year alone, as the country continues to work towards more transparency in its financial services sector. Total assets held within the National Banking System reached $99.6bn by the end of the first half of the [...]
You wait ages for one cashback card, then this company goes and launches two at once August 22, 2016 Good news for anybody who feels like their card wallet is feeling a bit slim – Asda Money has today announced the launch of not one but two cashback credit cards. The Cashback Credit Card will offer one per cent cash back on money spent across the Asda brands and 0.5 per cent cash back on other purchases. [...]
