After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Foxtons leads way as London awaits batch of new issues August 27, 2013 THERE are still a few days of the summer holidays left for some, but yesterday felt like a proper beginning of term day for the rest of us. For one thing, David Cameron returned from his Cornwall holiday to call for the return of Parliament tomorrow to consider the merits of military intervention in [...]
Card firms on hook for £1.3bn mis-selling bill August 22, 2013 THIRTEEN of Britain’s biggest lenders yesterday unveiled plans to repay consumers £1.3bn for mis-selling credit card protection products. Seven million customers bought the products which came from CCP and were sold through high street lenders and retailers. They either provided loss protection already covered by the bank, or were misleadingly advertised. If customers bought card [...]
City Moves for 23 August 2013 | Who’s switching jobs August 22, 2013 Kleinwort Benson The private banking and wealth management firm has appointed Gemma Woodward as head of charities. She has previously held various roles at Newton’s Investment Management, Lloyds Private Banking, and Henderson Global Investors Private Asset Management. Deloitte Mark Stephenson has joined the business advisory firm as head of its UK and Switzerland manufacturing industry practice. [...]
Why far too many young people still struggle to find work after education August 22, 2013 AFTER a summer-size portion of angst and anticipation, judgement day has finally been and gone. More than 600,000 households across the country will be waking up today with the hangover of GCSE results. While some will be bounding out of bed, excited about sixth form in September, a drop in top grades and a falling [...]
There’s no point in a financial services Trip Advisor unless reputation matters August 22, 2013 ONCE again, a major mis-selling scandal has broken out, with 13 high street banks and credit card issuers facing a £1.3bn redress bill for mis-sold card protection policies. No amount of financial regulation seems to stop the flow. Until 1986, there were no mis-selling scandals. The sales of financial products were regulated by contract law [...]
Regulator agrees redress of up to £1.3bn for mis-sold insurance products August 22, 2013 Regulator the Financial Conduct Authority (FCA) has reached an agreement with several firms to provide redress to consumers mis-sold Card Protection Plan's (CPP) Card Protection and Identity Protection policies. This follows the mis-selling of 23 million policies to seven million customers. Those customers will now receive a letter from CPP explaining the process with a [...]
Banks hit with further £1.5bn mis-selling fine August 21, 2013 BRITAIN’S biggest banks are braced for another compensation bill with regulators today expected to tell them to pay up to £1.5bn for consumers wrongly sold credit card protection from insurer CPP. The settlement will repay customers who bought insurance through the group from 2005 onwards, and includes those who wrongly thought they were buying identity [...]
UK banks face another mis-selling scandal August 21, 2013 The Financial Conduct Authority is preparing to set out a compensation scheme for consumers who bought identity theft and credit card protection from York-based life assistance company CPP, Sky News was first to report. British banks will again be hit by a mis-selling scandal, which could see them lose up to £1.5bn. Around a dozen [...]
City Moves for 21 August 2013 | Who’s switching jobs August 20, 2013 DUAL The underwriting arm of Hyperion Insurance Group has announced the appointment of Damian Crowe as a senior underwriter in its financial institutions division. Crowe was most recently at Chartis UK, where he was a senior underwriter in its financial lines division. Prior to that, he was a broker at FirstCity Partnership. Gibson Dunn & Crutcher [...]
What the other papers say this morning – 20 August 2013 August 19, 2013 FINANCIAL TIMES US top trade official presses Japan The top US trade official Michael Froman pressed Japan to open up its car and insurance markets as transpacific trade talks reach a critical stage, with negotiators trying to seal a deal by the end of the year. Race for Africa investment tax deals The surge in [...]