Barclays Investment Bank poaches Goldman Sachs man Phil Shelley February 26, 2015 Barclays has poached Phil Shelley from Goldman Sachs to work in its investment arm in a senior UK banking role. In his job as managing director at Goldman, Shelley worked on IPOs last year including Saga and Virgin Active. He was also previously a joint-head of corporate broking at UBS. However, it is thought his [...]
Here are the 40 wealthiest ex-apprentices February 26, 2015 Anyone who wants to be rich is typically told to go to university, but apprenticeships can offer another route, with a number of ex-apprentices making it to the top of their trade and becoming multi-millionaires in the process. As demand for skilled workers rising – to the extent that some can ask employers for higher [...]
Spain enjoys its bull run: Green shoots emerge after years of high unemployment and recession February 25, 2015 Lee Cumbes has been helping the Spanish government to sell its bonds since the depths of its recession three years ago. It has not always been an easy sell, but he is finally confident the Spanish economy is emerging from the doldrums as investors queue up to park their money in Spanish debt. In January [...]
Barclays launches mobile payment via Twitter name using Pingit mobile payment app February 25, 2015 Anyone in the UK can now send or receive money via Twitter, after Barclays announced a new partnership between with the social network. Using just a person’s Twitter handle, users can send or receive money with Barclays’ Pingit mobile payment app in a banking first in the UK. Pingit users can already make payments using [...]
Wonga job cuts: The evolution of the UK’s top payday lender February 25, 2015 Wonga founder Errol Damelin Damelin establishes Wonga Wonga was founded by current chief executive Errol Damelin in October 2006. With the help of software engineer Jonty Hurwitz and venture secured from Balderton Capital, Damelin launched wonga.com in 2007. By June 2009, the company had reached 100,000 loans. The firm launched its iPhone app in December [...]
HSBC, Goldman Sachs and Barclays are among the banks being investigated for gold price rigging February 24, 2015 The US is looking into whether the world's biggest banks have rigged the prices of precious metals such as gold, silver and platinum. The Department of Justice (DoJ) and Commodities and Futures Trading Commission (CFTC) have launched the investigation following of a series of scandals in which banks altered benchmark rates to make [...]
Winton Capital Management poaches former Barclays chair Sir David Walker February 23, 2015 Winton Capital Management, the $28bn (£18.1bn) hedge fund led by Cambridge physicist David Harding, yesterday split its chief executive and chairman roles by appointing outgoing Barclays chair Sir David Walker. Walker, who will step down from Barclays in April after three years, will take up the chairman’s role in July and chair his first Winton [...]
City Moves for 24 February 2015 | Who’s switching jobs February 23, 2015 Axa UK Bruno Charlin has been appointed chief investment officer at Axa UK. He was previously chief operating officer of group investment and group head of asset and liability management at Axa Group. Charlin has nearly 30 years’ experience in financial services. Duke Street The mid market private equity firm has appointed Stuart McMinnies as [...]
Political fallout and euro exit still a risk even if bailout’s extended February 23, 2015 A deal to extend Greece’s bailout programme could mark only a brief pause in the country’s latest saga. “If it was left with no choice but to accept austerity conditions similar to those that were in place before the election, it might feel that it had to put this to a referendum,” commented Jennifer McKeown [...]
City watchdog in investment banking probe: What will the FCA do and who’s involved? February 19, 2015 Big investment banks may be too dominant in some areas of the industry, limiting competition and hurting companies and consumers, the Financial Conduct Authority (FCA) warned yesterday. Prices are not always transparent enough to allow firms to compare banks effectively, the FCA said. The watchdog has received complaints that shares in major deals are allocated to [...]