In the shadow of the Lehman Brothers collapse: A decade of change in the City of London September 14, 2018 The collapse of Lehman Brothers remains shorthand for the start of the global financial crisis and a period when the foundations of capitalism shook. A decade on the Western financial system is still struggling to move out of the shadow of the events of 15 September 2008. Political events around the world today are still [...]
In the shadow of the Lehman Brothers collapse: A decade of change in the City of London September 14, 2018 The collapse of Lehman Brothers remains shorthand for the start of the global financial crisis and a period when the foundations of capitalism shook. A decade on the Western financial system is still struggling to move out of the shadow of the events of 15 September 2008. Political events around the world today are still [...]
IWG chief financial officer Dominik de Daniel to exit firm to ‘pursue other opportunities’ September 12, 2018 Shared office provider IWG today said its chief financial and operating officer Dominik de Daniel will leave the company to pursue other opportunities. The Regus owner said it had appointed Eric Hageman as interim chief financial officer. Hageman has experience as head of finance at a number of listed companies, including TeleCity Group. Read more: ING CFO [...]
TfL bus provider wins £50m in funding from Lloyds bank for hybrid and electric vehicles September 12, 2018 Transport for London’s (TfL) main bus provider has won £50m in funding from Lloyds Bank to invest in hybrid and all-electric vehicles. Metroline, which owns a fleet of over 1,600 buses, will use the first tranche of funding, totalling £10m, to buy 37 new double-decker hybrid buses. The mayor of London, Sadiq Khan, has pledged [...]
Bill Gates and Jeff Bezos among backers of £4.5m Wagestream start-up fund September 9, 2018 The founders of Amazon and Microsoft have backed a London start-up that allows workers to access their wages before payday. "Get-paid-as-you-go" platform Wagestream has received £4.5m of funding from supporters including technology billionaires Jeff Bezos and Bill Gates. Read more: Wonga goes under: Controversial payday lender placed into administration Wagestream, which aims to end the "payday poverty cycle", allows [...]
Lloyd’s of London hires former QBE chief John Neal as new CEO September 7, 2018 John Neal has been appointed as chief executive of Lloyd's of London, succeeding Inga Beale, who had been in the role since 2013. His appointment was ratified after a meeting of the Council of Lloyd's where his appointment was unanimously approved. He will begin his new role at Lloyd’s on 15 October 2018. Previously John Neal [...]
Former QBE boss expected to be announced as new Lloyd’s CEO September 7, 2018 The former head of Australian insurance giant QBE is expected to be named as Dame Inga Beale's replacement as chief executive of Lloyd's of London. John Neal's appointment was reportedly approved at a Lloyd's council meeting yesterday. This came after Neal was recommended by the Lloyd's Remuneration committee, spearheaded by chair and former RSA chief executive [...]
Mayor backs London tech startups for City innovation September 5, 2018 Meet the fourteen startups that made the mayor of London's shortlist to tackle the capital's key challenges across seven sectors. Launched in June as part of London's smart city initiative, Sadiq Khan's Civic Innovation Challenge will later award seven of these startups – one for each challenge – a grant of £15,000 to test their ideas [...]
Lehman Brothers 10 years on September 4, 2018 It’s hard to believe that it’s almost ten years since financial markets globally underwent a cardiac arrest that brought the world economy to its knees. Financial markets had already been on a slow downward slope in the lead up to events in September 2008, over concerns about the stability of the global financial system that [...]
Sky eyes Israel and Europe as it expands startup footprint September 2, 2018 Broadcaster Sky has announced plans to ramp up its startup investment and commercial partnership activity through a series of investments. The company will open a new office in Berlin to focus on companies in Germany and Scandinavia, and invest $4m (£3.1m) into Remagine Ventures, an Israeli venture capital fund based in Tel Aviv. Sky’s group [...]