Goldman and Barclays eye General Motors’ credit card business August 12, 2020 Goldman Sachs and Barclays are reportedly among bidders for General Motors credit card unit. The two banks are among a small number of suitors for the car company’s credit card business which has about $3bn (£2.3bn) in outstanding balances, according to The Wall Street Journal. Goldman currently has a relatively small presence in consumer banking, [...]
London calling: Why it’s time to bring life back to our city’s streets August 10, 2020 Despite a tentative easing of the national lockdown, the lingering economic and social consequences of this policy are frighteningly obvious to anyone venturing into central London. While social life and economic activity has, to a large extent, returned to the outer zones and suburbs, the offices and shops of London’s professional districts remain eerily and [...]
Barclays probed by privacy watchdog over reports of spying on staff August 9, 2020 Barclays is being investigated by the Information Commissioner’s Office (ICO) following accusations that it spied on its staff. The UK’s data and privacy watchdog said a formal probe is ongoing, but could not say when it may conclude. It follows a report by City A.M. earlier this year that Barclays was piloting a system which [...]
The return to work: Here’s when City firms are going back to the office August 7, 2020 Prime Minister Boris Johnson on Thursday said a strong recovery for the UK economy will require people to have the confidence to return to work at the office. The government is worried that hospitality businesses are being hit hard by people working from home. But London firms have adopted a more cautious approach than the [...]
The City View: Rachel Cunliffe on why working from home isn’t great for everyone August 7, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In this episode Christian is joined by City A.M.’s comment and features editor, Rachel Cunliffe, who talks about her recent column on why working from home doesn’t suit everyone. Rachel talks about young people in houseshares in particular, as well as those who don’t have the luxury of a separate work [...]
People must have the confidence to return to work, says PM August 6, 2020 An economic recovery will require people to have the confidence to get back to the office, the Prime Minister has said in his latest attempt to push the UK to return to work. During a visit to a housing development in Warrington this afternoon, Boris Johnson told reporters there were “real signs of strength in [...]
Edward Bramson resumes activist campaign against Barclays August 6, 2020 Edward Bramson has renewed his activist campaign against Barclays’ investment bank, even after the division reported a surge in revenue this year. Bramson reportedly told shareholders in his investment Sherborne Investors that the pandemic had “significantly distorted the first half results of all the banks”. In April Bramson called a temporary truce in his battle [...]
Coronavirus: How safe is the post-lockdown commute to work? August 4, 2020 After more than four months of lockdown Londoners are beginning to return to the office as public transport operators take measures to make the once-daily commute as safe as possible from coronavirus. Prime Minister Boris Johnson gave employers “more discretion” from 1 August to bring back their staff if it was safe to do so. [...]
Black British Business Awards announces 2020 finalists August 4, 2020 The Black British Business Awards has announced its 2020 finalists, who have been selected for their outstanding business talent. The award recognises rising stars and leaders across industries, including financial services and professional services. The Black British Business Awards say the finalists have been picked as they “embody the Black British community’s ability to prevail, [...]
Three-quarters of London firms welcome staff back to offices August 4, 2020 London firms are starting to bring their staff back to the workplace after more than four months of remote working due to the pandemic. A survey of 100 business leaders conducted by London First reveals a phased return of staff is underway for three quarters of London firms. The survey, which was carried out last [...]