PwC: Young women put off finance jobs for fear of poor career chances June 8, 2015 Young women in financial services are just half as likely as men to feel they have a chance of rising to become senior managers, according to a study out today from PwC. Just 35 per cent believe they stand a good chance of substantial career progression with their current employer, compared with more than 70 [...]
Car manufacturer Renault offers RCI Banque bank account for UK savers June 8, 2015 Car manufacturer Renault’s finance arm is launching savings accounts in the UK for the first time, diversifying its funding base. Motor companies often run finance businesses to fund customers’ purchases of their cars, as well as related insurance products. But offering a wider range of services is not as common. RCI Banque, as the unit [...]
City Moves for 9 June 2015 | Who’s switching jobs June 8, 2015 Deloitte Jonathan Gray has been appointed partner in the business advisory firm’s London-based financial services consultancy practice. A fintech expert, he has over 20 years’ experience working across retail banking, wealth management, credit cards and insurance. Tilney Bestinvest The investment and financial planning group has appointed Stuart Layzell as chief financial officer. He began his [...]
Laptops, cars and jewellery: The 10 things we can’t live without in 2015 June 8, 2015 Gadgets and sentimental jewellery, these are the things we just can’t live without in the modern age – a far cry from what mattered most to Brits 125 years ago. The laptop is our most crucial item today while the humble sewing machine was the essential thing we couldn't do without back in the 1890s [...]
City Moves for 08 June 2015 | Who’s switching jobs June 7, 2015 Dalriada Trustees The independent trustees firm has appointed Richard Favier as a trustee representative. He is a former head of restructuring and insolvency at the Pension Protection Fund, and left the PPF to set up his own consultancy in 2013. Favier is a member of the International Insolvency Institute. Arthur J Gallagher The international division [...]
Lloyds bosses to forfeit bonuses over £117m insurance claims fine June 5, 2015 LLOYDS has been fined £117m over its handling of Payment Protection Insurance claims – the largest ever handed out by the FCA in relation to PPI. “Whilst our intentions were right, we made mistakes in our handling of some PPI complaints,” admitted Lloyds chief Antonio Horta-Osorio. The taxpayer-owned bank was found to have failed in [...]
City watchdog names ex-Hong Kong regulator as new enforcer June 5, 2015 THE Financial Conduct Authority (FCA) has appointed Mark Steward as the new director of enforcement and market oversight. Steward joins from his position as head of enforcement at the Hong Kong Securities and Futures Commission, and will step into the shoes of Tracey McDermott, who was recently promoted to head of the supervision division. The [...]
From the “Gatwick gusher” to Greece via Alton Towers: Five charts that sum up the week June 5, 2015 Greece missed a huge repayment to the IMF, there was an update from Gatwick's answer to Dallas and a new study showed love doesn't come cheap. Here are five charts that sum up the week: Greek stocks suffered after Athens missed its deadline The Greek debt crisis riled European markets as the cash-strapped country hovered [...]
Non-farm payroll: US jobs in biggest jump this year June 5, 2015 After weeks of disappointing economic figures, there's finally a glimmer of hope for the US economy: non-farm payroll figures out today showed the number of job openings jumped by 280,000 in May. That's up from 221,000 in April – and the best figure this year. Read more: Stephanie Flanders – Can a currency save an [...]
Financial Conduct Authority names Mark Steward as new top enforcer June 5, 2015 The Financial Conduct Authority (FCA) has appointed Mark Steward as the new director of enforcement and market oversight. Steward joins from his position as head of enforcement at the Hong Kong Securities and Futures Commission, and will step into the shoes of Tracey McDermott, who was recently promoted to head of the supervision division. Read [...]