After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Chancellor struggling to rein in state borrowing October 21, 2014 THE GOVERNMENT borrowed £11.8bn in September – £1.6bn more than the same month last year. Chancellor George Osborne might have been hoping to offer one or two pre-election sweeteners in December’s Autumn Statement, but yesterday’s figures acted as a reminder of the limited fiscal leeway that he has at his disposal So far, this fiscal [...]
The City is back: Number of people working in London’s financial sector soars past its pre-crash peak October 20, 2014 More workers than ever are employed in finance and professional services in London, new figures from TheCityUK show today, confirming that the capital has bounced back from the credit crunch. The City was hit hard in the global financial crisis, with banks shedding tens of thousands of jobs and spending billions restructuring and rebuilding [...]
Global regulator sets out new shadow banking rules October 14, 2014 Multinational regulatory body the Financial Stability Board (FSB) has set out proposals to strengthen rules on short-term lending, affecting both banks and non-banks, as it moves to curb risks in shadow banking. The FSB, which coordinates regulation for the G20 and is headed by Bank of England governor Mark Carney, is concerned that increased [...]
Eurozone fears pull down FTSE to one-year low – London Report October 9, 2014 THE FTSE 100 yesterday hit its lowest level for a year after early gains fell away in a broad-based sell-off as investors became anxious about signs of serious weakening in the Eurozone economy. The blue-chip index, which hit 6,544 points in morning trading, due mainly to a rise in mining shares, ended the day down [...]
Arbitrarily criminalising banking is a reckless way to reform British finance October 8, 2014 THE RADICAL plan to prosecute bank bosses for reckless misconduct in the management of a bank is ringing alarm bells across the City, with a slew of top bankers now threatening to join the duo from HSBC in quitting the industry in protest. The political allure of the proposal is clear. Since the financial crash [...]
London leads jobs recovery as capital goes on hiring spree September 25, 2014 London's businesses are driving the UK’s recovery, with official figures yesterday showing the capital has consistently hired more staff across a diverse range of industries than any other part of Britain since the financial crisis struck. Despite the recession and slow recovery from the credit crunch, London firms found the resources to increase the [...]
Insurers power ahead to keep London on top September 21, 2014 INSURANCE COMPANY of the year Insurance is the one of the great success stories of the British financial services industry. Our insurers are powering ahead helping London to maintain its place as the centre of world finance. And the sector is contending with the government’s shake-up of pension rules by ending compulsory annuities. Almost all [...]
You may feel rested, but what about your skin? September 16, 2014 As you return from your summer holidays relaxed and refreshed, give a thought to your skin. After a long flight that “healthy glow” may not be so resplendent after all. While many symptoms caused by travelling can be solved by simple over the counter remedies, there will be some that are more serious. Stephanie Munn, [...]
The financial A to Z of Scottish independence – CNBC Comment September 15, 2014 A new, independent Scotland might flummox a foreign visitor. So it’s lucky this financial A to Z has turned up – even if some say it’s a parody of the Better Together campaign. A: Alex – Scotland’s official unit of currency, though largely superseded by an informal bartering system, where one barrel of oil [...]
Europe’s biggest banks are still facing dozens more giant fines September 11, 2014 EUROPE’S biggest banks could face as many as 63 more giant fines between them over the coming years as regulators continue to comb through their misdeeds, analysts at Berenberg warned yesterday. There are 15 major issues still outstanding which could lead to fines of more than €100m (£80m) each, per bank. Those investigations include Libor [...]