Now it’s the advisers’ turn to be grilled by MPs over BHS collapse May 22, 2016 The topic of the BHS collapse will be heading back into parliament tomorrow, with a string of advisers from top law and accountancy firms due to be grilled by MPs. Ian Greenstreet, partner at Nabarro, Tony Clare, partner at Deloitte, David Clarke, partner at KPMG, Richard Cousins and Steve Denison, both partners at PwC, Emma King, partner at Eversheds and Owen [...]
City Moves for 19 May 2016 | Who’s switching jobs May 19, 2016 Bryan Cave LLP International law firm Bryan Cave LLP has expanded its banking and finance practice in Germany with the addition of Sandra Pfister, who joins as a partner. Sandra is known internationally for her banking and finance work. Joining with Sandra is associate Reinhard Bunjes. Sandra’s expertise is in the area of banking and finance [...]
City A.M. Unregulated podcast: How to be badass in business May 18, 2016 Have we smashed the glass ceiling, or merely created a couple of cracks? In this week's podcast Emma Haslett and Zak Mir are joined by social entrepreneur and A Very Good Company founder Natalie Campbell, and Yael Selfin, KPMG's chief macroeconomic adviser, to discuss City A.M.'s Power 100 list – and ask if the path [...]
The break-up plan: It’s high time to end Britain’s banking oligopoly May 17, 2016 It has been called a near banking "oligopoly". The Big Four banks enjoy such market dominance that they reportedly hold more than three quarters of all active current accounts. According to the FCA, the largest six banks also control 80 per cent of the mortgage market. The Competition and Markets Authority (CMA) grew sufficiently concerned [...]
Royal Bank of Canada kicks off the financial sports day season at Queen Elizabeth Olympic Park May 15, 2016 Summer is just around the corner, and London's well-heeled parents are doubtless parking their 4x4s on school athletics pitches ahead of the sports day season. Kicking things off with a bang, the Royal Bank of Canada hosted its very own sports day for the capital's students at Queen Elizabeth Olympic Park on Sunday. The bank's seventh annual [...]
City Moves for 11 May 2016 | Who’s switching jobs May 11, 2016 RateSetter Marketplace lender RateSetter has announced the appointment of Cyrille Salle de Chou as chief risk officer. Cyrill joins from Lloyds Banking Group and brings extensive experience. He started his risk career at Capital One, where he became chief credit officer for Europe responsible for card and personal loan credit. In 2007, he joined Lloyds [...]
Online sales hit the brakes: Digital channel suffers slow growth in April May 10, 2016 Online retail sales growth has slumped to its lowest level in three years, piling pressure on retailers already hard hit by a customer retreat from the high street. Year-on-year online sales were up by just 6.6 per cent in April, more than halving the 15.4 per cent growth recorded in April 2015, the British Retail [...]
More proof British business is terrible when it comes to cyber security May 8, 2016 Two thirds of businesses in Britain have been targeted by cyber attacks in the past year while a quarter have experienced a security breach at least once every month, new research reveals. But an astonishing half of firms are still not tackling the issue by identifying the risks they face via audit or risk assessments, once again highlighting how unprepared [...]
City Moves for 5 May 2016 | Who’s switching jobs May 5, 2016 ISS Global provider of facility services for public agencies and private sector companies ISS has named Richard Sykes to the ISS executive group management as regional chief executive western Europe. Effective no later than 1 October, Richard will continue to be based out of the UK in his new role. Currently CEO ISS UK & [...]
Britain’s challenger banks had a bumper 2015 – but now they’re facing the challenges of scale May 4, 2016 Amid the misery and bad news associated with UK banks since the crisis, one of the positive rays of light has been the challenger banks. They have grown quickly, with several listing last year as the sector continues to attract both customer and investor interest. The challengers have also long been feted by politicians as [...]