A strong pound has increased the chance of a prolonged period of very low inflation, leaving the Bank of England in no hurry to raise interest rates, its senior policymakers suggested.
Abnormally low inflation and interest rates are building up new risks for the global economy, a leading thinktank warned on Wednesday, as it called on governments to play a greater role in shoring up the recovery.
Paul Robson, a former trader at Rabobank Groep, has been banned from Britain’s financial-services industry in the first public action by the Financial Conduct Authority against an individual for rigging Libor.
Entries for London’s leading corporate running challenge, the Standard Chartered Great City Race, are now open.
Barclays has handed out shares worth more than £16m to 11 members of its top management team, including chief executive Antony Jenkins.
Sumitomo Mitsui Financial is hiring staff at its investment banking unit as it competes with more established names such as Nomura for bond and share deals.
George Osborne has insisted that there will be “no giveaways, no gimmicks” in Wednesday’s budget.
Forget the budget. The financial markets are not remotely interested in what George Osborne has got cooked up for Wednesday. Forget Greece. The money men assume Europe will find a way of kicking the can down the road, as it usually does.
The Financial Conduct Authority (FCA) has banned Paul White from performing any function in relation to any regulated financial activity and publicly censured him. Were it not for Mr White’s serious financial hardship, the FCA would have fined him £250,000 ($357,575).
At its annual investor conference in San Francisco in May 2014, with oil trading at $102 a barrel, Wells Fargo boasted that in just two years it had almost doubled its energy exposure and seized the title of Wall Street’s top oil and gas banker.
Algorithmic trading firm and brokerage KCG Holdings has hired former Goldman Sachs managing director Michael Seigne to help develop its European business among bank and investment-firm customers.