City Moves for 31 July 2014 | Who’s switching jobs July 30, 2014 BJSS The IT consultancy has announced the appointment of Grant Thomas as head of practice. He joins from Barclaycard, where he was head of business change. Thomas has also previously held senior roles at IBM, PwC, and Accenture. Nikko Asset Management Stefanie Drews has been appointed global head of institutional marketing and proposition at the [...]
London Report: Argentina, US and Russia fears weigh on FTSE July 30, 2014 FEARS yesterday over Russian sanctions and an Argentinian default, as well as concerns that good GDP figures from the US might push up interest rates brought the FTSE lower. London’s blue chip index ended the day on 6773.44 points, 0.5 per cent, or 34.31 points, lower. Among the gainers, Barclays jumped 4.2 per cent to [...]
Barclays and Deutsche Bank offices could be monitored in forex market fixing probe July 30, 2014 Regulators want to place government monitors in the offices of Barclays and Deutsche Bank in the US as part of an investigation into alleged currency price fixing on the forex market. The New York Department of Financial Services wants to monitor the current and historical operations of the banks, the Wall Street Journal reports. The [...]
Bank of England’s bonus clawback plan could hit misbehaving bankers seven years after payment July 30, 2014 Bankers who break the rules may have to hand back their bonuses even seven years after an indiscretion, under new plans revealed by the Bank of England. Not only could the unruly face having their bonuses re-appropriated, but the prospect of jail lies in wait too and having spent the money will not affect the [...]
Barclays share price rises despite fall in profit July 30, 2014 Barclays has seen its share price rise in early trading despite underwhelming half-yearly results. Shares were up 3.2 per cent to 226.1 pence at pixel time, as the markets were clearly not put off by an announcement which included falls in overall profit before tax ( down seven per cent) and profit before tax for Barclays investment [...]
Barclays profits down seven per cent as investment business hit July 30, 2014 The sun may be out, but there is no escaping the gloom for Barclays which released its first half results this morning. The headline figures make grim reading: a seven per cent drop in pre-tax profit during the first half of the year a figure swollen by the 46 per cent decline in profit before [...]
UBS and Deutsche Bank join Barclays in dark pools probe July 29, 2014 European banking giants UBS and Deutsche Bank both reported strong underlying profit figures in the second quarter, but yesterday revealed they were being hit by new regulatory probes. This follows investigations into their dark pools, private trading venues which are facing increased levels of scrutiny. It comes after Goldman Sachs was fined for processing trades [...]
City Moves for 30 July 2014 | Who’s switching jobs July 29, 2014 Anthology David Clark has been appointed chief financial officer at the property developer, backed by Oaktree Capital Management. He joins from Mount Anvil, the specialist residential property developer, where he was group finance director. CityJet Patrick Lukan has been appointed chief commercial officer at the airline. He joins from Carlson Wagonlit Travel, where he was [...]
Uber for Business is coming to London as sharing economy eyes corporate travel expansion July 29, 2014 Business travel looks like the next big market to be disrupted by the sharing economy as its poster children Uber and Airbnb unveiled plans to grow the number of business travellers using its services. Uber has launched Uber for Business, available initially in the US and Canada but with trials taking place in the UK [...]
Virgin America launches stock market flotation July 28, 2014 RICHARD Branson’s US airline Virgin America is going public, seven years after the tycoon and his iconic brand launched the firm. The flotation comes almost immediately after the airline made it into the black – it posted a $10.5m (£6.18m) profit for 2013, its first profitable year. The profit was made off revenues of $1.42bn. [...]