Slim cyber silver lining for Barclays as the lender’s techies flee Brexit all-nighter for the Cyber Security Awards June 27, 2016 Not everyone at Barclays is having a bad start to the week. Suffice it to say, things aren't going well for the lender right now. It was suspended from trading on Monday after share prices fell more than 18 per cent as the fallout from last week's Brexit vote continues. As most financial services firms watched the results come in on Thursday with baited [...]
Accounting watchdog set to announce verdict of probe into KPMG’s HBOS audit June 26, 2016 The accounting watchdog is set to announce the verdict of its probe into KPMG’s audit of collapsed bank HBOS on Monday. The Financial Reporting Council (FRC) met last week to consider the outcome of preliminary enquiries. Read more: FCA confirms it will investigate former HBOS bosses The body said on Thursday that its conduct committee [...]
Brexit vote gives defined benefit pensions yet another battering, as markets swing wildly after Leave decision is revealed June 26, 2016 The vote for Brexit may have driven another nail into the coffin of defined benefit (DB) pension schemes, after the markets went into meltdown on Friday. Figures from Hargreaves Lansdown show that around 33 per cent of UK scheme investments consist of shares, 25 per cent of which are UK shares, which will have come as [...]
What Brexit means for your pension June 24, 2016 The UK went to the polls yesterday to make the historic decision to leave the EU, a result the markets had not exactly geared themselves up for. More than £100bn was wiped off the FTSE 100 this morning, while the pound dropped to its lowest point against the dollar in over 30 years, so many people [...]
Another corporate finance firm is launching a fintech venture arm June 21, 2016 German exchange owner Deutsche Boerse is wrapping up its investments in financial technology companies into a standalone venture capital fund and will ramp up its funding in fintech firms, joining the rush of corporates eyeing a slice of disruptive startups. DB1 Ventures will include a handful of existing investments, including a stake in Blythe Masters' blockchain startup Digital Asset Holdings, some [...]
Do you work for one of the UK’s 25 most attractive employers? June 21, 2016 It's causing fevered debate in offices. Politicians are clashing over it. The cats of social media are up in arms about it. Yep, LinkedIn's list of the UK's top 25 most sought-after employers is out – and the good news is that City institutions are faring pretty well. The list, based on analysis of the site's 20m members, [...]
What will happen to UK equities if we leave the European Union? June 21, 2016 The pound and the FTSE soared yesterday, as the Remain camp wrestled back its lead in the polls. But the outcome of Thursday’s EU referendum is far from clear, with pundits saying that voter turnout will be pivotal in determining whether the UK stays or leaves. If Article 50 is triggered and sterling dives, what should [...]
From KPMG’s private club to panoramic rooftops, these are the best corporate summer drinks parties in London June 20, 2016 NULL
City Moves for 20 June 2016 | Who’s switching jobs June 20, 2016 Burford Capital Burford Capital, a global finance firm focused on law, has expanded its team in London. Leeor Cohen has been appointed vice president. Most recently a director in the leveraged finance business at Bank of America Merrill Lynch, Leeor joins Burford’s global investment team with a broad range of experience as a lawyer, investment [...]
Power 100 Women: KPMG macroeconomist Yael Selfin on career planning, her grandmother, and how to negotiate a payrise June 16, 2016 As part of City A.M.'s ongoing Power 100 series, KPMG's head of macroeconomics talks about what drives her in business. Are you doing what you always imagined you'd be doing? I always wanted to be in the centre of what was happening and thought macroeconomics was that. I always wanted to do something I enjoyed. Is [...]