City Moves for 17 May – Who’s switching jobs at Capital One, Project Etopia and Investcloud? May 17, 2019 Today's City Moves includes Capital One, Project Etopia and Investcloud. Capital One Capital One UK has announced the appointment of Helene Brichet as UK chief financial officer. Helene has spent over 20 years in the financial services sector working in senior leadership positions for international organisations. She joins Capital One from EVO Payments, where she [...]
Barclays, Ruby Wax and mental health: How the banking giant is tackling stress in the City May 16, 2019 Square Mile careers are stereotypically fuelled by mantras such as "work-hard, play-hard", achieving "inbox zero", "surviving the rat race". All are excuses for raising your tolerance to stress. As a result the career pathways of the City are often littered with burned-out workers. Read more: Wellbeing should be top of the business agenda Unsurprising, stress [...]
Capital markets software firm OpenFin backed by Wells Fargo and Barclays in $17m funding round May 16, 2019 Capital markets software provider OpenFin has raised $17m (£13.2m) after being backed by Wells Fargo, Barclays and JP Morgan. OpenFin, the operating system (OS) for finance, provides banks, asset managers and hedge funds with financial desktop systems and access to their own app store. Read more: The financial services sector needs a shot of confidence [...]
Barclays and the Royal Bank of Scotland among five banks hit with €1bn fine for forex rigging May 16, 2019 The EU Commission has fined five banks €1.07bn (£940m) for rigging foreign exchange markets for 11 currencies, it announced today. Competition regulators fined Barclays, The Royal Bank of Scotland (RBS), Citigroup, JP Morgan and MUFG Bank, while UBS was not fined as it revealed the existence of the rigging to the regulator. In the first [...]
Gender agenda: Time for the finance world to up its game May 16, 2019 Next month will be one year since the Treasury Committee published its report on Women in Finance. But has anything happened over this period to provide a ripple of hope for change? To set the scene, back in 2015 the government appointed Jayne-Anne Gadhia to lead a review on women in financial services. In response [...]
Brexit could be cancelled if you vote down May’s deal, cabinet ministers tell MPs May 15, 2019 Brexit could be abandoned entirely if MPs vote down Theresa May’s deal for a fourth time next month, one of the cabinet’s leading Leave advocates has warned. International Trade Secretary Liam Fox urged MPs to “carry out their part of the bargain” which was struck with voters when the they backed a referendum in 2016 [...]
Bank of England warned prosecutors against charging Barclays over controversial Qatar payments May 15, 2019 The Bank of England warned fraud prosecutors against charging Barclays over Qatar payments made at the height of the financial crisis, it has emerged. The Bank’s top regulator Sam Woods told the Serious Fraud Office in 2017 that criminal charges could pose a threat to Barclays’ safety and soundness, the Financial Times reported. Woods, [...]
Trainline owner mulls £1bn sale as IPO plans build up head of steam May 15, 2019 The owner of ticketing firm Trainline is reportedly exploring a sale of the company alongside plans for a £1bn stock market listing. Read more: UK's biggest travel booking app Trainline considers £1bn flotation US investment giant KKR, which has owned Trainline since 2015, has approached a number of private equity groups to gauge interest in [...]
Travelex owner Finablr launches London IPO at reduced price in tough market conditions May 15, 2019 United Arab Emirates-based payments company Finablr floated in London today at a reduced price to reflect difficult market conditions. The Travelex-owner said it would raise £306m to give the business a market capitalisation of approximately £1.225bn. Read more: Travelex-owner Finablr to raise $200m in London listing The offer price has been set at 175p, well [...]
Sam Torrance: Tiger Woods can win back-to-back Majors if he repeats chess master act at US PGA Championship May 14, 2019 In the two weeks leading up to the Masters, Seve Ballesteros would prepare for his trip to Augusta by staying at home in Pedrena, Spain, but living according to American time. All players have their preferred way of getting ready for tournaments, which is why I don’t question Tiger Woods’s decision not to play in [...]