Jury discharged in trial of senior Barclays executives accused of financial crisis fraud April 8, 2019 The jury in the trial of four former senior Barclays executive accused of fraud for their part in a financial crisis-era emergency fundraising was discharged today. The high-profile case marks the first time senior bankers have faced court in a case related to the 2008-09 financial crash. In October the High Court quashed an attempt by [...]
Barclays plugs $6m into London financial tech startup Simudyne April 8, 2019 Financial simulation technology firm Simudyne will today announce the close of a $6m (£4.6m) series A funding round, led by Barclays. Early Snap and Lyft investor Graphene Ventures also joined the round, alongside Gauss Ventures which has previously backed digital banks Revolut and Tandem. The round raises Simudyne’s total amount of investment to date to [...]
Sponsoring women’s football isn’t just a good look for brands – it’s a lucrative opportunity too April 7, 2019 It’s impossible to avoid the conversation around women’s football at the moment – and particularly so in the world of marketing advocating for the opportunities it presents. Before jumping in head first, brands need to think about why they want to get involved. But the bigger question is why sponsorship of women’s football presents commercial [...]
Gender pay gap data reveals the financial services with wider than average discrepancies April 5, 2019 Some of the large companies with the widest gender pay gaps come from the financial services sector. The deadline for providing gender pay gap data closed last night. For large companies – those employing more than 5,000 staff – the average pay gap was 10.34 per cent. The financial services entities below have gender pay [...]
Morgan Stanley selected to steer Uber through $120bn IPO April 5, 2019 Morgan Stanley has reportedly been chosen to ensure Uber has a smooth ride through its initial public offering (IPO) after a string of volatile tech floats have set nerves jangling. The ride-hailing app has named the US investment bank as stabilisation agent for its eagerly-awaited IPO, Bloomberg reported, citing people familiar with the matter. Read [...]
European investment banking fees plunge in bleak first quarter as M&A hits six-year low April 4, 2019 European investment banking fees have plunged 25 per cent to $4.9bn (£3.75bn) as the first quarter of the year looks set to be even bleaker than originally feared. The value of M&A deal involving any European companies also fell 64 per cent to $183m the lowest in six years, according to a review from Refinitiv. Read [...]
May and Corbyn continue talks as MPs back Brexit delay bill by a single vote April 4, 2019 Theresa May and Jeremy Corbyn will hold more meetings today to thrash out a Brexit compromise after MPs narrowly passed a law instructing the Prime Minister to ask for a delay to the UK’s withdrawal from the EU. Read more: John Bercow delivers casting vote in historic tie on Commons Brexit plan In a dramatic [...]
Germany could get up to 5,000 new finance jobs in the next 18 months because of Brexit April 3, 2019 Up to 5,000 new jobs at overseas banks in Germany could be created in the next year to 18 month because of Brexit, the country’s foreign banking association said today. The lobby group for non-German banks in Germany told an event in Frankfurt that almost 50 financial institutions had decided to ramp up their activities [...]
Jeremy Corbyn confirms customs union demand as Theresa May opens crunch Brexit talks April 3, 2019 Labour leader Jeremy Corbyn is set to meet Theresa May at 2.30pm today to see if the pair can strike a Brexit deal. Read more: Tory whip quits over PM's Brexit talks with 'Marxist' Corbyn The Prime Minister last night invited the Labour leader for talks as she called for “national unity” to break the [...]
Tory business backers say Conservatives have morphed into party of ‘economic destruction’ April 3, 2019 The Conservative party has embarked on a path of "economic destruction" and is no longer the friend of business, a number of high-profile entrepreneurs have warned. Every Tory MP will today receive a letter from a number of Conservative-supporting business figures demanding a confirmatory referendum on Brexit following the political deadlock. The letter, signed by the [...]