JP Morgan to offer lucrative investment banking jobs to school leavers October 6, 2020 Investment bank J.P. Morgan will soon offer school leavers a fast-track route to a lucrative investment banking job, namely via one of its UK apprenticeships. The bank’s so-called four-year Level 6 Financial Services Apprenticeship programme will enable individuals to ‘earn as they learn’, provided they complete a degree in Applied Finance at the University of [...]
Bank of America picks insider for new European capital markets role October 5, 2020 Bank of America has promoted a long-standing executive to the newly created position of head of global capital markets for Europe, the Middle East and Africa. London-based Jeff Tannenbaum, who has been with the bank for more than 22 years, started his new role last week, according to an update on his LinkedIn profile. His appointment follows the departure of Sam [...]
High rents force three in four hospitality businesses to consider restructure or insolvency October 5, 2020 73% of London-based hospitality and leisure operators are considering a restructure or insolvency as a result of the economic impact of the ongoing pandemic. Advisory firm Cedar Dean, which surveyed 230 hospitality and leisure businesses with around 2,000 venues across the UK, found that rental obligations are currently the most pressing issue. 86% of London-based [...]
No deal Brexit ‘catastrophic’ for NHS staff and supplies: medical chief October 5, 2020 A hard Brexit will have a “potentially catastrophic impact” on the NHS and its patients and staff, according to the deputy chair of the British Medical Association (BMA). Dr David Wrigley, who is also the BMA’s trade negotiations lead, fears that a no deal Brexit, which seems increasingly likely, would hit patients and staff across [...]
PR outfit Hawthorn poaches BBC veteran Ross Hawkins: ‘right opportunity at the right time’ October 5, 2020 Ross Hawkins is leaving the BBC after nearly two decades, joining Westminister public relations firm Hawthorn Advisors, the political correspondent confirmed to City A.M. “It’s been brilliant fun [at the BBC], but this is the right opportunity at the right time,” Hawkins said. The seasoned reporter, who joined the BBC in 2001, said one of [...]
Nomura signs up Deutsche Bank veteran as chief risk officer in London October 5, 2020 Japanese investment bank Nomura has lured Aisling Doyle away from Deutsche Bank to oversee all risk-related matters at its Europen investment arm. Doyle will be based at Nomura’s office in the City, reporting directly to the global group’s chief risk officer, Sotaro Kato, as well as to Jonathan Lewis, CEO of Nomura’s European division and [...]
FCA gets green light to take insurance giants to Supreme Court over Corona policies October 5, 2020 A High Court in London approved the FCA’s request to let the Supreme Court decide on the matter in which the market regulator is seeking clarification on the wording of numerous insurance policies in relation to claims filed as a result of the pandemic.
NZX information boss departs after four-day cyberattack October 5, 2020 New Zealand Exchange (NZX) is replacing its chief information officer after the stock exchange was forced to shut down for four days as a result of a major cyberattack last month. David Godfrey, who had been with the NZX for more than a decade, will leave at the end of this year, the company confirmed. [...]
Shot in the arm for e-sports market as David Beckham-backed enterprise is UK’s first to float October 2, 2020 David Beckham’s e-sports company Guild Esports started trading on the London Stock Exchange today. The firm, which trades under the ticker GILD, is the first major e-sports company to go public in the UK. Guild Esports said earlier this week that its oversubscribed offering of 250m shares was priced at 8 pence per ordinary share. [...]
ECB should issue digital euro, say Christine Lagarde October 2, 2020 The European Central Bank (ECB) should issue a digital euro in addition to banknotes and coins, according to its boss Christine Lagarde