Former Deutsche Bank trader who pleaded guilty to Euribor rate rigging let off £6.5m fine September 15, 2018 A former Deutsche Bank trader who pleaded guilty to rigging the Euro Interbank Offered Rate (Euribor) has escaped from a £6.5m fine after the City watchdog ruled his conviction was punishment enough. Christian Bittar, once Deutsche Bank's star trader, was sentenced to five years after he pleaded guilty to rigging Euibor, an interest rate benchmark [...]
Opinion: Ten years on from the financial crash, the property market is in recovery but should emerge stronger than ever September 14, 2018 It might all be about Brexit now, but let’s not forget what happened 10 years ago. Recessions sparked by problems in the financial markets are widely recognised as being deeper and more prolonged than other downturns. And this certainly seems to be the case with the financial crash and the fall of Lehman Brothers 10 [...]
Opinion: Ten years on from the financial crash, the property market is in recovery but should emerge stronger than ever September 14, 2018 It might all be about Brexit now, but let’s not forget what happened 10 years ago. Recessions sparked by problems in the financial markets are widely recognised as being deeper and more prolonged than other downturns. And this certainly seems to be the case with the financial crash and the fall of Lehman Brothers 10 [...]
City Moves for 14 September 2018 – who’s switching jobs at European Vacation Rentals, CBRE and QualiTest? September 14, 2018 Today’s City Moves cover tourism, property and software. Take a look at these movers and shakers: European Vacation Rentals Henrik Kjellberg, former president at Expedia, has been appointed group chief executive of the European Vacation Rentals business acquired by Platinum Equity from Wyndham Worldwide earlier this year. Henrik has spent more than 20 years working [...]
City Moves for 14 September 2018 – who’s switching jobs at European Vacation Rentals, CBRE and QualiTest? September 14, 2018 Today’s City Moves cover tourism, property and software. Take a look at these movers and shakers: European Vacation Rentals Henrik Kjellberg, former president at Expedia, has been appointed group chief executive of the European Vacation Rentals business acquired by Platinum Equity from Wyndham Worldwide earlier this year. Henrik has spent more than 20 years working [...]
Sterling and the euro gain against the dollar thanks to cooling US inflation September 13, 2018 Sterling and the euro have risen against the dollar as they received an unexpected boost from US inflation. The “disappointing” inflation reading saw the dollar sink against the pound and euro, meaning sterling climbed to 1.31 against the dollar, its highest since late July, while the euro reached 1.17. Read more: Barclays: Trump impeachment wouldn't [...]
Sterling and the euro gain against the dollar thanks to cooling US inflation September 13, 2018 Sterling and the euro have risen against the dollar as they received an unexpected boost from US inflation. The “disappointing” inflation reading saw the dollar sink against the pound and euro, meaning sterling climbed to 1.31 against the dollar, its highest since late July, while the euro reached 1.17. Read more: Barclays: Trump impeachment wouldn't [...]
Former Barclays boss Bob Diamond claims banks are too risk-averse since financial crash September 13, 2018 The former boss of Barclays, Bob Diamond, has said that banks are too risk averse in today's post-financial crash environment. Diamond, who was once described as the "unacceptable face of banking" by Labour minister Peter Mandelson, took a different tone ahead of the 10-year anniversary of the Lehmans Brothers collapse on Saturday. "The culture of banking [...]
Former Barclays boss Bob Diamond claims banks are too risk-averse since financial crash September 13, 2018 The former boss of Barclays, Bob Diamond, has said that banks are too risk averse in today's post-financial crash environment. Diamond, who was once described as the "unacceptable face of banking" by Labour minister Peter Mandelson, took a different tone ahead of the 10-year anniversary of the Lehmans Brothers collapse on Saturday. "The culture of banking [...]
Barclays takes on HSBC as it opens up mobile app to rival bank accounts September 12, 2018 Barclays is taking on HSBC as it opens up its app to rival banks accounts, it announced today. The high street bank will be the first to let customers bring current accounts from other providers into its mobile banking platform using Open Banking technology. The ability to aggregate accounts is already offered by HSBC's Connected Money, which uses so-called screen-scraping to access accounts at competitor [...]