Mark Kleinman: Aviva’s missed deadline ensures brickbats February 15, 2019 Viva Aviva? For such a stalwart of blue-chip boardrooms, Sir Adrian Montague suddenly can’t put a foot right. Four years after taking over the chairmanship of Aviva when John McFarlane scuttled off to Barclays, he’s ended up in a rather large pickle of his own making. Sacking Mark Wilson as the insurer’s chief executive last [...]
Qataris pushed ‘quite aggressively’ for Barclays fee during investment scramble, court hears February 14, 2019 A Barclays boss warned his colleagues that Qatari investors were pushing “quite aggressively” to be paid for a controversial services contract at the height of the financial crisis, a court heard today. Richard Boath told fellow executive Rich Ricci that Doha was growing impatient with the bank, after it apparently missed the deadline to pay [...]
Sterling slumps ahead of May’s crunch no-deal Brexit vote as Bercow chooses amendments February 14, 2019 Sterling has taken a tumble as fears grow that Theresa May will be defeated in parliament this evening by the hard Brexiters among her party. The pound fell from 1.287 this morning to as low as 1.278 against the dollar this afternoon as investors grew scared that the Prime Minister may not win a vote [...]
Barclays online banking outage leaves customers unable to access bank accounts February 14, 2019 Banking giant Barclays has apologised to customers after an online outage left many unable to access their accounts today. Customers said they were prevented from accessing the Barclays mobile banking app and other online services for much of the morning. Read more: TSB falls to £105m loss after IT disaster The bank received a flurry [...]
How to choose a provider for your Stocks and Shares Isa February 14, 2019 Isas are a popular way for savers to squirrel away money. And given that these savings accounts are free from both capital gains and dividend tax, the Stocks and Shares Isa is particularly appealing to investors. With all that said, not all Isas are created equal, and charges can vary wildly across providers. Platforms can usually be divided into those [...]
Brexit minister denies that delaying Article 50 is government’s strategy February 13, 2019 Brexit secretary Stephen Barclay has pushed back against claims that the UK faces a choice between Theresa May's withdrawal agreement or a delay to Brexit. Last night, ITV reported that the Prime Minister’s chief negotiator, Olly Robbins, said MPs would be forced into a last-minute choice between May’s deal or a delay to Article 50, in [...]
Blockchain startup Chainalysis targets London with $30m raise from Accel February 12, 2019 Crypto compliance startup Chainalysis has raised $30m (£23.3m) from venture capital giant Accel to open an office in London's Soho. The US firm's series B round was supported by existing investor Benchmark, which upped its stake in the company after funding Chainalysis' $16m series A last year. Chainalysis said it will use the proceeds from the round to open [...]
Ex-Barclays trader accused of Euribor rigging felt ‘let down and used’ by private messages February 11, 2019 A former Barclays employee on trial for Euribor rigging has said he felt "let down and used" when he discovered that a colleague had been privately discussing with another trader at a rival bank how they could alter submissions for the interest rate benchmark. Colin Bermingham, 62, told Southwark Crown Court he felt it was "absolutely not right" that [...]
HSBC chair Mark Tucker set to head up influential City lobbyists TheCityUK February 11, 2019 The chairman of HSBC Holdings has emerged as the frontrunner to head the board at one of the City’s main lobby groups replacing fellow banker John McFarlane. Mark Tucker is set to be announced for the role at TheCityUK in the coming days as outgoing Barclays chairman McFarlane steps down in the spring, Sky News [...]
Mike Ashley’s Sports Direct makes offer to rescue collapsed Patisserie Valerie February 9, 2019 Mike Ashley’s Sports Direct has made an offer to buy the collapsed café chain, Patisserie Valerie, which fell into administration last month. Sports Direct confirmed in a statement late on Friday that it had made an offer to buy the company but did not divulge any further details. Ashley, 54, is hoping to add to [...]