City Three Peaks challenge: Bosses getting high in September abseiling challenges September 7, 2015 Abseiling is the sport of the moment in the Square Mile, it seems – with 40 bosses and chiefs attempting to conquer London's skyline today as part of the City Three Peaks challenge. A select group of daredevil directors and bosses from SVG Capital, insurers Amlin and Lloyds secured the chance to abseil down the entire [...]
Tories put City at centre of EU talks: George Osborne vows to take on damaging and misguided regulations September 6, 2015 The government will put the City’s interests at the forefront of its bid to renegotiate Britain’s relationship with the European Union, chancellor George Osborne said today. Writing exclusively for City A.M., the chancellor warns that red tape from Brussels poses a major danger to London’s status as a global financial hub. While Osborne [...]
City A.M.’s 10th Anniversary: Celebrating 10 years of events that shaped a decade September 6, 2015 A crunch, a crash, a coalition… When City A.M. hit the streets in 2005 no one could have predicted what was in store for the Square Mile and the broader UK – and global – economy. Here we revisit a selection of the moments that defined the last 10 years, and remember how they were [...]
Chancellor George Osborne: The City has made progress… Now for the next 10 years September 6, 2015 Today marks a decade since City A.M. established itself as a leading paper for the City of London. Lots has changed over that time, not least the financial crisis of 2007 and 2008 that cost Britain billions in lost economic output. Back then, the City was seen as part of the problem. But since I [...]
City A.M.’s MD Lawson Muncaster takes on Lloyd’s building: He came, he saw, he abseiled down September 6, 2015 It happened! City A.M. co-founder and managing director Lawson Muncaster finally delivered over the weekend, after promising to abseil down the Lloyd’s building earlier in the summer. Muncaster, who made the descent along with the Lord Mayor and 85 City bosses, did so as part of the run-up to City Giving Day later this month. [...]
City Moves for 4 September 2015 | Who’s switching jobs September 3, 2015 EY Ajay Rawal has been appointed partner within the professional services firm’s financial services transaction advisory practice. He joins from Alvarez & Marsal, where he was a partner in its European financial industry advisory services group. Rawal has over 15 years’ experience consulting in financial services. LONDON Advertising Bruce Haines has been appointed chairman at [...]
As the Walkie Talkie is awarded the Carbuncle Cup, is it really the UK’s worst new building? September 2, 2015 James Hughes, conservation adviser at The Victorian Society, says Yes The Walkie Talkie’s “victory” in this year’s Carbuncle Cup is a vindication of our director’s argument in City A.M. in January that it is London’s ugliest building. It was the most nominated entry and its crowning demonstrates that it’s not just conservationists who feel that [...]
August Bank Holiday 2015 blues for Barclays, RBS and NatWest staff as local branches stay open August 27, 2015 In these modern times of accessibility and 24-hour contact, is the Bank Holiday becoming part of Britain’s history more than a cultural event? Three lenders were excited to announce the desecration of the sacred so-called bank holiday weekend by opening branches across the country. While execs and chairs head off to their homes in the [...]
Deloitte UK’s Young Banker of the Year Awards 2015 nominees: They’re bankers, but not as you know them… August 27, 2015 Meet Deloitte UK's Young Banker of the Year Awards' nominees In recent years, identifying oneself as a banker has been something of a social faux pas. But are things about to change? As the summer break comes to an end, financial advisers Deloitte are kicking off the new school term with their Young [...]
Banking pay-outs: Forex rate-rigging scandal will be bigger than Libor August 24, 2015 The foreign exchange market is the largest financial market in the world, with transactions worth $5.4 trillion taking place every day. The revelation that banks colluded to attempt to manipulate the forex market over many years makes it likely that forex claims will cost the banks more in compensation, as well as regulatory fines, than [...]