After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Bank shares and stress tests: the value investor’s verdict December 8, 2016 The Bank of England’s latest stress tests of the UK banking system attracted many column inches of space in the newspapers last week. The aim was to calculate whether these institutions would have enough capital to withstand certain grim scenarios. Moving away from some of the inflammatory headlines, it is worth looking in more detail [...]
These are 2016’s top 100 influential leaders in fintech (part 3 of 4) December 7, 2016 City A.M. is publishing Hot Topics' top 100 fintech influential leaders list for 2016, supported by 360Leaders. This is part 3 of 4, in alphabetical order. Part 1 is here. Here is the list's Part 2, and this link contains the final part 4. The most influential fintech leaders in 2016, K to Q Kenneth Lin, CEO [...]
Digital challenger bank N26 has pulled back from its UK launch plans December 6, 2016 The German digital challenger bank N26 has pulled back on its plans to launch in the UK as it pushes forward with expansion elsewhere in Europe, City A.M. can exclusively reveal. The startup which is seeking to disrupt the established banks, and whose peers include the likes of Monzo, Tandem and Atom in the UK, announced its [...]
City Moves for 5 December 2016 | Who’s switching jobs December 5, 2016 Markel International Markel International, the specialist insurer, has appointed Naomi Murray as senior claims adjuster in its trade credit and political risk team. Naomi is a highly experienced claims handler having spent nearly 20 years in the role. She has worked for Coface, Amlin, RPC Loss Adjusting and for the last 11 years as a [...]
City Moves for 1 December 2016 | Who’s switching jobs December 1, 2016 NEON Neon has appointed Geoff Riddell as its new non-executive chairman. Geoff brings with him over three decades of experience in the international and London insurance markets. He is currently chairman of Pool Re, having joined its board in 2015. He previously held several senior managerial roles at Zurich, where he was chief executive and [...]
Investment trust winners of 2016 November 29, 2016 Investment trusts focused on Asia are on course to deliver some of the best returns in 2016, according to data for trust sectors. Investment trusts are an alternative to more commonly held open-ended funds or unit trusts, offering some advantages. This is explained here: investment trust v open-ended funds Here, we look at the [...]
“We have certainly not seen a period remotely like it in the last 70 years”: Think tank’s dire warning on wage growth November 24, 2016 The director of one of the UK's most respected think tanks has issued a dire forecast about UK wage growth, warning workers are in the middle of more than a decade of stagnant wages. In a highly emotive release, Paul Johnson, director of the Institute for Fiscal Studies (IFS), said its projections suggested real wages [...]
Autumn Statement TL;DR? Here’s our at-a-glance guide November 23, 2016 Chancellor Philip Hammond spoke for around an hour while delivering today's Autumn Statement. If you don't have time for that, here's our at-a-glance overview of the announcements you need to know: Economics, public spending and politics The Office for Budget Responsibility (OBR) forecast for growth increased to 2.1 per cent, up from two per cent, for 2016, but [...]
Boost for UK exporters as chancellor announces doubling of UK Export Finance capacity November 23, 2016 Chancellor Philip Hammond has announced plans to make it easier for British firms to export. Hammond said in his Autumn Statement that he would be doubling the capacity of UK Export Finance. Read more: Live coverage: Autumn Statement 2016 UK Export Finance is Britain's export credit agency and a government department which works alongside the Department for [...]
Goldman Sachs and Santander have left a major blockchain group November 22, 2016 Goldman Sachs and Santander have both exited one of tech's top blockchain consortiums which is backed by some of the world's biggest financial institutions. Both institutions have quit membership of the R3 group and will not be investing in its latest reported funding round. Santander did not comment on its decision to depart R3, however, it's understood it will [...]