These are the UK’s most sought after companies to work for, as revealed by LinkedIn March 21, 2018 There has been a significant rise in the number of banks and finance firms in the top 20 most sought after companies to work for in the UK, according to a new ranking out today from LinkedIn. The list is compiled through looking at the actions taken by LinkedIn’s 25m UK members, considering data such [...]
KPMG appointed to handle Mothercare refinancing March 20, 2018 Mothercare has called in KPMG to advise on a refinancing of the business, City A.M. can reveal. The retail chain is in talks with its lenders about raising money for a turnaround and has drafted in KPMG to advise on securing waivers to its financial covenants. Mothercare's share price fell by more than 10 per [...]
Barclays Bank shakes up board ahead of ringfencing changes March 19, 2018 Barclays has reshuffled its board ahead of the creation of a separate retail and small business bank, as required by the UK’s ringfencing legislation. The bank is transferring its UK retail and small business operations to a new bank, Barclays Bank UK. Barclays Bank PLC will continue to own the group’s corporate and investment bank, [...]
Activist investor Edward Bramson’s Sherborne Investors takes five per cent stake in Barclays sending share price higher March 19, 2018 Shares in Barclays rose this morning after activist investor Edward Bramson’s firm Sherborne confirmed it had taken a five per cent stake in the bank. Barclays share price was up more than four per cent in morning trading on the news. Bramson has been an investor for a while, but his stake has now topped [...]
Former Deutsche Bank trader charged with Euribor rigging in SFO probe pleads guilty March 16, 2018 A former star trader who was once considered one of Deutsche Bank’s most successful bankers has pleaded guilty in a Serious Fraud Office (SFO) probe into Euribor manipulation. Christian Bittar, who was among six traders charged in the first SFO case that focused on the Brussels-based benchmark, pleaded guilty to the offence on 2 March. News [...]
Goldman Sachs International reveals large gender pay gap as spotlight focuses on City pay disparity March 16, 2018 Goldman Sachs International has revealed it pays female employees in the UK an average of 36.4 per cent less than male colleagues as the spotlight focuses on financial services pay disparity in the City. As well as a median pay gap of 36.4 per cent, which reflects the difference between the midpoints in the ranges [...]
HSBC’s women are paid 60 per cent less than men March 15, 2018 HSBC’s female staff in the UK are paid 60 per cent less than men, according to gender pay gap data which reveal one of the biggest differences among the big banks who have reported so far. The 60 per cent mean pay gap for hourly pay increased from 59 per cent in 2017, although for [...]
Investment banking worst for your health says giant survey of British bank employees March 15, 2018 Investment bankers think their jobs are the more damaging to their health than their counterparts in business or retail lending, according to a massive survey of British bank employees. Some 29 per cent of investment bank employees said their job is having a negative impact on their wellbeing, a poll of more than 36,000 bankers [...]
Tandem Bank buys fintech app Pariti March 13, 2018 Digital bank Tandem has bought money management app Pariti in a bid to expand the capabilities of its own offering. The deal, paid with a mix of cash and equity, means Pariti’s chief executive and chief technology officer, Matthew Ford and Peter Townsend, will join Tandem to help in the bank’s app development. The purchase [...]
Serious Fraud Office (SFO) angling for increase in annual budget to take on “blockbuster cases” March 13, 2018 The Serious Fraud Office (SFO) is having “ongoing conversations” about the way it is funded after questions have been raised regarding its current arrangements. The BBC reported that the prosecutor was in talks with the Treasury to increase its annual budget, which currently sits at £31m. The body often asks the Treasury for an extra [...]