Bank of America Merrill Lynch is looking for new space in the City despite Brexit uncertainty February 5, 2017 Bank of America Merrill Lynch (BAML) has started its search for new office space despite the uncertainty of the City of London's future following the Brexit vote. The US banking giant is currently located near St Paul's Cathedral, but as its lease expires in 2022, the bank has started looking at other buildings that could [...]
City Moves for 1 February 2017 – who’s switching jobs? February 1, 2017 Today's City Moves cover insurance, real estate law and a national tax and auditing outfit. Take a look at these movers and shakers: PWC Paul Delbridge has taken on the role of London market insurance leader at PWC. Paul is a partner with 30 years’ experience at the firm, including three years in New York, [...]
Lloyd’s of London says it can manage a $200bn event: Here are four scenarios insurers used to test themselves January 31, 2017 Like the rest of the world, Lloyd's of London was caught unawares by the attack on the World Trade Centre in September 2001. The world has been hit by natural catastrophes since the tragic 9/11 terror attacks, but what would happened in a doomsday scenario where a number of apocalyptic events all occurred at once? [...]
Bonus season: If you’re thinking of spending it on property, here are the top London hotspots you should be looking at January 27, 2017 It’s bonus season in the City and now you’ve got the enviable task of deciding what to spend it on. Historically low interest rates means putting the whole lot into an ISA isn’t quite as appealing as it once was. But house price growth particularly in the outer boroughs – Newham, Havering, Brent and Croydon [...]
A bird’s eye view of the Elizabeth Line stations taking shape January 27, 2017 The Crossrail rail project has released a batch of new images to give us a bird's eye view of how the new Elizabeth Line stations are shaping up. There are 10 new stations being built across the capital and in the tunnels, over three-quarters of the permanent track has been laid. Simon Wright, Crossrail programme director, [...]
City Moves for 23 January 2017 – who’s switching jobs? January 23, 2017 Today's City Moves are dominated by lawyers and bankers. While Andrew Oldland has joined Michelmores LLP, Lloyds Bank has appointed Stephen Quinn to head its global financial sponsors team. Take a look at these movers and shakers: Michelmores LLP Barrister, Queen’s Counsel and part-time judge Andrew Oldland has been appointed as senior partner at Michelmores LLP. He will be [...]
Lloyds private equity arm takes a cut of Rush hair salon January 22, 2017 The private equity arm of Lloyd's Banking Group has announced a £16m minority investment in Rush Hair and Beauty. Backing from LDC will provide support for the business's expansion plans. The hairdressing chain currently has 85 branches, primarily in London, Essex, and the South East. More recently, branches have opened across the country in key [...]
Davos Diary: Prime Minister May’s reception as cold as the weather January 20, 2017 At the very least, this week’s Davos agenda had a weary air of familiarity about it: sustainability, artificial intelligence and income inequality all competing to be hailed the zeitgeistian focus of the world’s power-brokers’ power breakfasts. In that respect, little has changed. But if the Trump presidential machine rolls into town this time next year, I [...]
Theresa May and Philip Hammond stick up for the City in Davos after banking job threats over Brexit January 19, 2017 Prime Minister Theresa May and her chancellor Philip Hammond came out fighting at Davos yesterday following reports that London’s banking sector faces job losses in the wake of Brexit. Ahead of a crunch meeting between May and global investment banking bosses including Lloyd Blankfein, German newspaper Handelsblatt said that Blankfein’s bank – Goldman Sachs – could [...]
Goldman Sachs’ veteran Michelle Pinggera to retire from bank January 19, 2017 Goldman Sachs' international chief of staff is to step down after 28 years at the Wall Street titan. Michelle Pinggera, who also has some responsibility for overseeing the bank's Brexit plans, is due to leave the investment giant at the end of March, around the same time the Prime Minister will trigger Article 50. In a [...]