Within five years robots and so-called intelligent agents will eliminate many positions in customer service, trucking and taxi services, amounting to six percent of jobs, according to a Forrester report.
Confident assertions are being made about what will happen to the City after Brexit. Sir Charlie Bean, former deputy governor of the Bank of England, said last week that he had “absolutely no doubt at all” that euro-denominated clearing of interest rate derivatives would be moved into the European Union.
In the jostling to lure London bankers post-Brexit, Paris touts its cultural and culinary offerings, Amsterdam its digital connectivity, and Dublin its use of English. Frankfurt’s pitch: make it easy to fire bankers.
Warning: Some may find these pictures disturbing.
A radical move that is likely to impact jobs.
Sad to report.
UBS doubled the number of quants working for Chief Investment Officer Mark Haefele in the past two years. He wants to hire even more.
Pimco co-founder Bill Gross says his former firm has grown so unreasonable after a falling out over an unpaid bonus that it’s trying to force his attorneys to defy the realities of global travel.
HSBC’s vice-chairman of global banking and markets Spencer Lake is leaving the firm after being sidelined in a reorganization of the investment bank earlier this year.
Deutsche Bank is nearing an agreement with the U.S. Department of Justice to settle a long-running investigation into the sale of residential mortgage-backed securities, Manager Magazin reported.
China Fortune Securities, a partner in a securities joint venture with Morgan Stanley, is set for a listing in the mainland China market through an asset injection into property developer Shanghai China Fortune Co.
Vice-chairman of the Nasdaq exchange says that volatility from the U.S. elections and Brexit had impacted listings in 2016.
The Bank of England has given banks an extra two years to comply with new rules that are intended to avoid a repeat of the taxpayer bailouts needed during the financial crash.