Women on top: Ex-JP Morgan star Tracey Reddings on how she beat the system March 5, 2020 When you have to work hard for something as opposed to being given it, it means more,” says Tracey Reddings, the former head of JP Morgan’s private banking arm in Britain. She should know. After a glittering career in which she rose from the customer service counter at Barclays bank at age 16 to the [...]
With Bernie Sanders, the Democrats must chart a course between Scylla and Charybdis March 5, 2020 For my sins, I spent most of my early adulthood in some sort of library. Of all the topics I have had the pleasure of really studying, one stands out: Classics. Paradoxically, an understanding of Classics tells you more about how westerners behave and are today than any other discipline. The ancient Greeks seem to [...]
DEBATE: In light of the Barclays protests, are climate activists right to target financial institutions? March 5, 2020 In light of the Barclays protests, are climate activists right to target financial institutions? Adrienne Buller, economist and research fellow at the Common Wealth think tank, says YES. Last week, a leaked JP Morgan report acknowledged that, in a world of accelerating temperature rise, “we cannot rule out catastrophic outcomes where human life as we [...]
Digital sovereignty: Time for Britain to take back control of our data March 5, 2020 They might not realise it, but the average person uses 36 cloud-based services every day. Chatting on WhatsApp, watching Netflix, sharing your work calendar with colleagues — all these services use the cloud, a network of remote servers accessed over the internet. But the cloud systems used by Europe have long been far from European. [...]
Financial services should be at the heart of trade talks March 5, 2020 In my experience, financial services are rarely the focus of heated family discussions, or of so-called water cooler conversations with colleagues and friends. Instead, we tend to become passionate about individual politicians or teachers, healthcare or utility companies. This is entirely understandable given that those issues affect our everyday lives — or at least are [...]
Former Goldman boss Michael Sherwood joins Revolut board March 5, 2020 A former senior Goldman Sachs executive has joined the board of fintech giant Revolut, as it seeks to bolster its board in the wake of a significant investment. Michael Sherwood, the former co-chief executive of Goldman Sachs International, has today been appointed Revolut’s board as a non-executive director. Sherwood is joined by fellow new non-executive [...]
Aggressive hiring by US law firms in London winning market share March 5, 2020 The aggressive hiring pursued by US law firms in London is winning them market share at the expense of their UK rivals, research published today said. US law firms operating in the UK averaged 5.8 per cent lawyer headcount growth last year, according to the report from Thomson Reuters and Acritas. Demand for American law [...]
Investors demand companies manage climate change risk ahead of AGM season March 5, 2020 Investment managers will demand to know what companies are doing to manage climate change in this year’s AGM season. The Investment Association (IA), whose members own one third of the value of UK listed companies, is asking companies to report the impact of climate change will have on their business model and how it will [...]
London is the UK’s worst region for women in work March 5, 2020 London has fallen to the bottom of the UK’s regional ranking in PwC’s latest Women in Work Index. The capital fell three places because of poor female labour force participation and a high female unemployment rate. The gap between male and female labour participation sits at 13 per cent, behind the UK average of 10 [...]
Tesco ramps up fight back against German discounters March 5, 2020 Tesco has ramped up the competition with the German discount supermarkets as it pledged to price match hundreds of products. The UK’s Big Four supermarkets – which also includes Asda, Sainsbury’s and Morrisons – have been shedding market share to budget rivals Aldi and Lidl. Tesco, which is the UK’s largest supermarket, suffered a 0.8 [...]
