Deal or no deal: Where every Tory leadership candidate stands on no-deal Brexit May 30, 2019 Read more: Tory leadership race: Who are the leading candidates? With only one week left until Theresa May steps down as Conservative party leader, the race to become the new Tory bigwig currently has 11 candidates competing against each other. Now, almost three years after David Cameron resigned following the EU referendum, history repeats itself as [...]
Private bank Raphaels fined £1.89m for failures that left customers cashless on Christmas Eve May 30, 2019 Private bank Raphaels has been fined £1.89m for poor controls over its outsourcing arrangements. The 230-year old bank was fined £775,100 by the Financial Conduct Authority (FCA) and £1.1m by the Prudential Regulation Authority (PRA) in connection with the failings between April 2014 and December 2016. The weaknesses in its systems came to light on [...]
Online harms proposals will damage UK tech sector, tech giants warn May 30, 2019 Government plans to crack down on social media firms over the growing problem of online harms are unclear and will damage the UK’s digital sector, tech giants have warned. A scathing new report, seen exclusively by City A.M. and authored by the Internet Association (IA), which represents online firms including Google, Facebook and Twitter, has outlined a string [...]
City Moves for 28 May – Who’s switching jobs at DNEG, the Building Societies Association and Blackbird? May 28, 2019 Today's City Moves includes DNEG, the Building Societies Association and Blackbird. DNEG Andrew Gordon has been appointed head of character animation at DNEG, the visual effects, animation and stereo conversion company. Andrew joins managing director of feature animation Tom Jacomb, animation director Troy Saliba and VFX supervisor Philippe Denis in leading DNEG’s rapidly-growing feature animation team, [...]
Theresa May resignation live: Sir Graham Brady and Jeremy Hunt join race to replace Theresa May May 24, 2019 This is a live blog. Please refresh your page manually to get the latest updates. Welcome to our live blog as we follow all the latest developments on the day that Prime Minister Theresa May has announced that she will resign. May has served three years in Number 10 Downing Street but is set to [...]
Economists warn Theresa May’s departure makes no-deal Brexit more likely May 24, 2019 The departure of Prime Minister Theresa May ramps up the chances of Britain crashing out of the European Union without a deal, economists have warned following the PM’s speech confirming her resignation. Read more: Theresa May to resign as Conservative party leader on 7 June May announced that she would resign from the post on [...]
Theresa May’s resignation: Political allies and rivals react May 24, 2019 Prime Minister Theresa May said today she would step down as Prime Minister on 7 June after the failure of her flagship Brexit policy. Her resignation triggers a contest for the leadership of the Conservative Party and the keys to 10 Downing Street. Read more: Theresa May will quit as Tory party leader on 7 June [...]
Tube chaos: Severe delays hit Tube lines after Underground fire alert hits Jubilee Line commuters May 23, 2019 A fire alert at Bond Street station left commuters' journeys in tatters today as the Jubilee Line was struck with severe delays and left part suspended for most of the morning. Read more: Revealed: These are London's most stressful Tube stations There was no service on the Jubilee Line between Finchley Road and Waterloo this [...]
Challenger bank TSB unveils raft of leadership appointments as CYBG’s Debbie Crosbie begins her reign May 22, 2019 Challenger bank TSB has further bolstered its leadership team following the arrival of new chief executive Debbie Crosbie. The former CYBG chief operating officer took charge earlier this month, replacing Paul Pester who stepped down last year in the aftermath of a major IT meltdown. Read more: TSB launches fraud guarantee for customers after last [...]
The robots are coming – and they’re (potentially) after your job May 22, 2019 By Ian Hall (City AM, for the CFA Institute) ‘You want your robot to be smarter than the other team’s robot’: advice that sounds like it belongs to a participant in combat competition TV show Robot Wars. But, actually, it’s the increasingly competitive and technology-affected situation that many investment professionals will face in the workplace [...]