Villains of finance: How the world’s most infamous crooks tricked investors – and the tell-tale signs of ponzi schemes November 19, 2015 Victims of the biggest ever Ponzi scheme – Bernie Madoff’s $65bn (£43bn) fraud – are finally getting their money back after seven years, as another tranche of payouts is approved by US courts. The saga is not over yet, as an upcoming film called “Wizard of Lies” will shine a light on the story, starring [...]
Fintech Lookahead 2016: The disruptors you should be looking out for November 19, 2015 What can we expect to see from the fintech industry over the coming year? And what kinds of companies are leading the charge? In its 2015 Global Banking Annual Review, McKinsey said that “banks are under attack from new technology companies and others seeking to poach their customers. To date, banks’ losses to attackers have [...]
The Brits are back in town: Domestic buyers dominate London’s prime property market November 19, 2015 British buyers are returning in droves to the London property market and now account for well over two thirds of purchases in the capital’s prime post codes, new research revealed today. The proportion of sales to domestic buyers has jumped to 79 per cent in the third quarter from 75 per cent a year ago, leaving overseas [...]
Recruitment industry now worth £31.5bn, up nearly 10pc from the year before, but skills shortages could create problems November 19, 2015 Recruitment is now a £31.5bn industry, up 9.7 per cent compared to last year. According to a report released today by the Recruitment and Employment Confederation (REC), recruiters placed 634,000 people in a permanent post over the last year, and have helped 4m workers find a permanent role since the recession. Also, 1.2m people were [...]
City Moves for 19 November 2015 | Who’s switching jobs November 18, 2015 EY The professional services firm has appointed partner Gareth James to head up its data and analytics practice within its UK and Ireland assurance business. He joins after 18 years at Deloitte, where he was a UK risk analytics partner since 2011, specialising in and leading on audit and finance analytics. Silicon valley bank The [...]
Where can I use Apple Pay in the UK? The A-Z of shops, restaurants and apps which will accept mobile payment with iPhone 6 and 6 Plus November 17, 2015 Apple launched its mobile payment service, Apple Pay, in the UK in its first mobile payment move beyond the US, capitalising on the boom in mobile and contactless payments among consumers. iPhone 6 and 6 Plus users can now pay with just the tap of a smartphone, or Apple Watch, across the high street and [...]
Hillary Clinton’s gender problem: Playing the victim is a desperate way to win November 12, 2015 Hillary Clinton has a women problem. Usually when candidates have issues with a certain voter demographic, it comes down to their inability to connect with historically marginalised groups. But Clinton’s problem is different. Although a September Washington Post-ABC News poll found she has lost support with left-leaning women – by a massive 29 percentage [...]
Zut alors: Not a single UK company makes the Top 100 Global Innovators list again – but French firms make up 10 per cent of the list November 12, 2015 The UK may be leading the way when it comes to sectors such as fintech – but it turns out the rest of the world beats us when it comes to innovation. For the fourth year in a row, not a single UK company has been included in the Top 100 Global Innovators list. The [...]
Morrisons hires Post Office boss Paula Vennells as “restructuring” board strategist November 12, 2015 Could there be more changes in store for Morrisons? The struggling supermarket has hired Paula Vennells, the boss of the Post Office, citing her "restructuring" experience as being "invaluable". Vennells will join the board as non-executive director from 1 January. She is taking over from Johanna Waterous, who is leaving after six years. Vennells has been chief executive of [...]
Inside the rock: Gibraltar’s strategic and military importance is complemented by financial and gaming leadership November 12, 2015 Covering an area of just 6.8 square kilometres, the British Overseas Territory of Gibraltar punches well above its weight. At the last count, despite a population of only 32,000 people, it was home to 67 insurers with £9.95bn in total assets, 13 banks, 72 trust and company service providers, 14 pension fund administrators, and [...]