IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details
UK business body chief to attack politicians over ‘dereliction of duty’ March 28, 2019 The director general of the British Chambers of Commerce (BCC) will today warn the UK’s political leaders that Britain leaving the European Union without a deal would be “a flagrant dereliction of duty”. Adam Marshall will use his keynote speech at today’s BCC Annual Conference in Westminster to express a deep frustration with the UK’s [...]
Barclays investment bank boss quits amid raft of leadership changes as chief executive Jes Staley takes greater control March 27, 2019 The head of Barclays’ investment bank has resigned amid a raft of leadership changes, which will see chief executive Jes Staley take greater control of the division. Tim Throsby has stepped down as head of the lender’s investment bank, which has come under attack from activist investor Ed Bramson recently. Read more: Barclays issues plea [...]
Barclays unveils £14bn lending fund to help businesses through Brexit uncertainty March 27, 2019 Barclays has unveiled a £14bn lending fund to help small and medium-sized businesses through the uncertainty of Brexit. The bank, which has held more than 100 “Brexit clinics” for businesses in recent weeks, said the fund would provide loans, commercial mortgages and cash flow funding for investments. Read more: Barclays: No-deal Brexit would 'significantly' hurt [...]
Former Barclays banker found guilty of Euribor rigging March 26, 2019 A former Barclays banker has been found guilty of manipulating the Euribor interest rate benchmark while another was acquitted of the same offence. Carlo Palombo was today found guilty by a jury of nine men and three women at Southwark Crown Court after five days of deliberations and a two-month trial. Sisse Bohart, also a former [...]
Mortgage finance firm Lendinvest taps three banks for £500m London float March 25, 2019 Online property finance marketplace Lendinvest has chosen three banks to lead its planned £500m float on the London Stock Exchange this year. It is understood Lendinvest, which provides funding for property investors, developers and landlords, has tapped Goldman Sachs and Barclays as joint global coordinators. Read more: Mortgage finance hub Lendinvest targets £500m London listing [...]
Brexit alarm bells: City optimism tanks at fastest rate since financial crisis March 25, 2019 Britain’s biggest business group today warns that the “alarm bells have reached deafening levels” as the political crisis surrounding Brexit threatens to force the Prime Minister from office. Read more: Brexit secretary admits indicative votes 'could be ignored' The Confederation of British Industry (CBI) declared Brexit a “national emergency” as it revealed that financial services [...]
City Moves for 25 March – who’s switching jobs at MUFG, NB Private Equity and University College London? March 25, 2019 Who’s on the move today? MUFG MUFG, the Tokyo-based financial group, has appointed John Winter as chief executive of MUFG Securities EMEA and head of MUFG Bank’s global corporate and Investment Banking (GCIB) business in EMEA. John takes up the reins at MUFG following a 31-year career in financial services which has included senior roles [...]
Brexit secretary warns of general election risk if MPs vote for softer Brexit March 24, 2019 Brexit secretary Stephen Barclay has warned the risk of a general election could be escalated if MPs vote for a softer Brexit next week. Barclay admitted a series of indicative votes planned in Parliament would not be binding and could be ignored by the government. Read more: Thousands join Brexit march calling for second EU [...]
Barclays director Chris Pilling surprise candidate to become new FA chief March 23, 2019 Barclays director Chris Piling is one of the final candidates in the race to take over as chief executive of the Football Association, according to Sky News. Piling is a leading contender to replace Martin Glenn at the FA but faces competition from Mark Bullingham, the current chief commercial and football development officer at the [...]
RBS to wind down £1bn worth of local council lobos loans by end of 2019 March 23, 2019 The Royal Bank of Scotland (RBS) will attempt to wind down £1bn of controversial bank loans given to local councils across the UK. The move comes after criticism from campaigners and shadow chancellor, John McDonnell, who claimed that high payments had led to a diversion of cash from council services. Read more: CYBG raises business banking [...]