City Moves | Who’s switching jobs December 16, 2012 Ashcourt Rowan Emily Morris has been appointed group head of marketing at the wealth management company. She has held a number of senior marketing roles in similar firms, and was marketing director at Rathbone Brothers for six years. Morris has additionally worked for Barclays Wealth. Peverel Group The property services group has appointed Nigel Howell [...]
FTSE 100 creeps up on improved Chinese data December 14, 2012 The leading share index was broadly flat in early deals, edging up slightly after improved manufacturing data from China raised hopes for the global economy. Of the blue chips, Bunzl and Johnson Matthey added 1.13 per cent and one per cent respectively this morning, while miner Xstrata topped the leader board, increasing 1.15 per cent. [...]
UBS set for $1bn fine next week over Libor fiddling accusations December 13, 2012 SWISS bank UBS is set to be fined early next week for its role in fiddling Libor submissions. It is expected to be hit by a $1bn (£621m) fine, divided between four regulators across the UK, US and Switzerland. That is more than double the £290m charge Barclays attracted earlier this year, and represents a [...]
2,000 staff to go in Barclays’ major review December 13, 2012 BARCLAYS is preparing to cut up to 2,000 investment banking jobs under a major review of how it does business, it emerged yesterday, joining the flood of investment banks cutting costs and closing down sub-scale businesses. The major British bank is expected to cut back its Asian and European operations as it focuses on its [...]
Olympic and Paralympic Games fail to boost UK visitor numbers December 13, 2012 VISITS to the UK crept lower in 2012, despite London hosting the Olympic and Paralympic Games. A total of 26.2m visits have been made to the UK in the first ten months of 2012, according to figures released by the Office for National Statistics yesterday. This is one per cent below the level in 2011, [...]
FTSE 100 down as Eurozone outlines banking supervision rules December 13, 2012 The leading share index was trading around 0.2 per cent down this morning, as Europe finance ministers clinched a deal to give the European Central Bank new powers to supervise Eurozone banks from 2014. Energy services firm Wood Group was the biggest blue chip faller, sinking more than 2.5 per cent in early deals. In [...]
Former regulator Sants takes up job at Barclays December 12, 2012 FORMER financial watchdog Hector Sants is joining Barclays as its head of compliance. Sants, who left the Financial Services Authority in June, had been scoping out new roles at both Barclays and Deloitte. He will take up his new position on 21 January, having already secured FSA approval for his appointment. The 56-year-old will also [...]
London finishes the year with a last minute flotation flurry December 12, 2012 Weather permitting, Veysel Aral and his team will be at the offices of the London Stock Exchange on Monday morning to celebrate a coup. For Aral has become the latest of an elite batch of chief executives who have managed to float their companies on the London Exchange’s main market this year Aral runs Kcell, [...]
FTSE surges to nine-month high on hopes of further stimulus from Fed December 12, 2012 BRITAIN’S top share index closed at a new nine-month high yesterday, led by an energy sector buoyed by hopes that the US Federal Reserve would continue to provide stimulus for the world’s biggest economy. Oil & Gas and basic materials, which rise and fall with optimism over the economic outlook, combined to added over 13 [...]
Former FSA chief joins Barclays as head of compliance December 12, 2012 Barclays has appointed former Financial Services Authority chief Hector Sants as head of compliance and government and regulatory relations. Sants, who will join the executive committee of Barclays, will report directly to chief executive Antony Jenkins. The former City watchdog boss will oversee all compliance activities across Barclays, including all regions in which the bank [...]