Exclusive: David Blunkett becomes adviser to financial firm Elementary B September 15, 2020 Former Labour home secretary Lord David Blunkett has become a strategic adviser to financial services start-up Elementary B, City PM can reveal. Elementary B is a new financial services company that seeks to help medium-sized firms better manage their businesses by providing new technology and advice. Blunkett – also a former education and work and [...]
What it’s like to be a volunteer with Women in Banking and Finance September 11, 2020 | City Talk My name is Jennie Koo and I’m a serial volunteer! Volunteering takes time and dedication but that shouldn’t put anyone off. Like finding a job you enjoy, when you find an organisation that fits with your values, volunteering becomes an addiction. When I stepped onto the Management Board of Women in Banking & Finance (WIBF) [...]
Seeking Mentors for the WIBF Mentoring Programme September 11, 2020 | City Talk At WIBF we understand the power of investing in your development but appreciate many of us have limited time resource. We want to make it easy for you. Within the coming months we will be launching our brand-new Mentoring & Development programme open to all our members and connecting them to some of the most [...]
Santander spins out $400m fintech venture fund September 11, 2020 Santander is splitting off its fintech venture capital fund and doubling its funding, re-branding the formerly-known Innoventures as Mouro Capital. Mouro Capital will be independent from Santander and have $400m in allocated funds, the Spanish bank said today. It will take on the entirety of Innoventures’ current portfolio, which includes the likes of payments giant [...]
Citigroup names Jane Fraser as next chief executive September 10, 2020 Citigroup has become the first major Wall Street bank to be run by a woman, as it announced president Jane Fraser will take over as chief executive. Citi today revealed that chief executive Michael Corbat will step down next February, after 37 years with the bank, and will be replaced by Fraser. “Of course, there [...]
Exclusive: Bank of England spends £120,000 making HQ Covid-secure September 10, 2020 The Bank of England has been hugely busy during the coronavirus pandemic, pulling the levers of monetary policy in a desperate effort to support the economy. But it has also been working hard closer to home. It has spent at least £117,000 on making its historic Threadneedle Street headquarters as safe as possible during Covid [...]
Canada slams government plans to override EU deal September 8, 2020 Canada Corporation has sharply criticised the government’s plans to override some parts of the EU withdrawal agreement, warning it could “seriously damage” the UK’s relationship with its biggest trading partner. Speaking at a webinar, the Corporation’s head of policy Catherine McGuinness also said the government appeared to have forgotten about the financial [...]
Watchdog blocks Lloyds’ unfair treatment of Covid-hit firms September 8, 2020 The competition watchdog has stopped Lloyds Bank from forcing small business customers to open business current accounts when taking out bounce back loans. The Competition and Markets Authority (CMA) has accused Lloyds of “bundling” loans and business current accounts for small companies. Bundling is where a bank requires small business customers to open a current [...]
Deutsche Bank asks 20 per cent of staff to return to London office September 7, 2020 Deutsche Bank is the latest City firm to ask employees to return to the office, as it invites some of its London-based staff back to its headquarters. The German bank has asked around 20 per cent of its employees to come back to its Great Winchester Street headquarters this week, according to Financial News. This [...]
Amigo seeks to calm nerves as battle for future hots up September 7, 2020 Subprime loan firm Amigo has sought to pour cold water on rising interest in the potential return of founder James Benamor to the embattled business ahead of its upcoming general meeting. Over the weekend Benamor shared extracts of an irrevocable bid to buy 29 per cent of the company at 20p per share on social [...]
