Serious Fraud Office looking at Lloyds Bank and KPMG claims March 8, 2020 The Serious Fraud Office (SFO) is reportedly examining allegations that Lloyds Banking Group and KPMG drove a property group into administration by saddling it with fees. Fraud office investigators have been interviewing witnesses over claims the Angel Group was deliberately driven into liquidation, the Telegraph reported. According to the report, the SFO has not launched [...]
Meet the influential women building the future of Britain March 6, 2020 | City Talk With International Women’s Day on the horizon, we celebrate some of the UK’s most influential women, and how their contributions are shaping the future of the nation. It’s been over a month since the UK entered the transitional period between leaving the EU and confirming a final deal with Europe. Although the pound has remained [...]
Coronavirus: Societe Generale latest firm to send staff home March 6, 2020 Yet more banks are taking measures to protect against the spread of coronavirus, with Societe Generale the latest London bank to send people home today. A source told Reuters that more than 50 of its staff were working from home today as the French lender said it had put in place travel restrictions, rotation of [...]
Bob Diamond appoints ex-Barclays colleague Rich Ricci to lead Panmure Gordon March 6, 2020 Bob Diamond has hired his former right-hand man from his time at Barclays to head up loss-making stockbroker Panmure Gordon. Diamond appointed Rich Ricci as chief executive of London-based Panmure, which he acquired two years ago. The former Barclays boss will be reunited with 56-year-old American investment banker Ricci, who ran the old Barclays capital [...]
JP Morgan chief executive Jamie Dimon undergoes emergency heart surgery March 6, 2020 JP Morgan Chase chief executive Jamie Dimon is recovering from emergency heart surgery, the bank said. The 63-year-old experienced a tear in his heart’s main artery which was caught early and treated successfully, JP Morgan said in a publicly-released internal memo. Dimon is “awake, alert, and recovering well” after the surgery yesterday morning, the memo [...]
Troubled sub-prime lender Amigo Loans appoints former chief executive to advise on sale March 6, 2020 Struggling sub-prime lender Amigo Loans said today it had hired its former chief executive as a consultant to advise on its sale. Amigo said Glen Crawford was joining with immediate effect “to assist the company with the strategic review and formal sale process”. Crawford stepped down from the company in June for health reasons, but [...]
Firms send staff home as coronavirus arrives in Canary Wharf March 6, 2020 Contagion fears gripped Canary Wharf last night after a host of multinational firms pressed the button on coronavirus contingency plans in what could be just a taste of things to come. On a rollercoaster day in one of the globe’s most important financial hubs HSBC took the decision to evacuate more than a hundred staff [...]
Mark Carney says Bank of England and Treasury working to tackle coronavirus fallout March 5, 2020 Bank of England governor Mark Carney has said that Threadneedle Street is coordinating with the Treasury to make sure British households and businesses are protected from the economic fallout from coronavirus. Carney, who will be replaced by Andrew Bailey as governor on 16 March, refused to be drawn on whether the Bank would carry out [...]
HSBC evacuates over 100 from Canary Wharf HQ after employee contracts coronavirus March 5, 2020 HSBC has evacuated more than 100 staff from one floor of its Canary Wharf headquarters after one of its research analysts contracted coronavirus. City PM understands that an analyst in the bank’s research department tested positive for Covid-19 late last night, and informed the bank of his diagnosis this morning. Read more: Canada [...]
Amigo share price slides after boardroom spat breaks out March 5, 2020 Shares in British subprime loan firm Amigo have tumbled 16 per cent this morning after a spat between the lender and its major shareholder, who left the firm yesterday. Amigo’s controlling shareholder and founder James Benamor quit the company just over a month after it was put up for sale. He is looking to find [...]
