HSBC chief insists China ‘open to international business’ and worst of its property crisis is over November 29, 2023 HSBC chief executive Noel Quinn has reiterated his argument that the worst of China's property crisis is over, saying the country is "open to the international business community".
Financial watchdog to require ‘polluting’ firms to cover compensation costs November 29, 2023 Financial watchdog to require 'polluting' firms to cover compensation costs.
Hargreaves Lansdown appoints new chair but governance row clouds succession November 29, 2023 Investor Hargreaves Lansdown has appointed Alison Platt as chair and a non-executive director, succeeding Deanna Oppenheimer after six years following a row with the firm's co-founder.
Government ‘mixed messages’ put financial sector green progress at risk, MPs warn November 29, 2023 The financial sector’s progress towards net zero risks stalling due to “mixed messages” from the government on green issues, a group of MPs have warned.
Barclays planning 900 layoffs in Britain to cut costs, union claims November 28, 2023 Barclays is planning to cut 900 roles in Britain by the new year, according to employee union Unite, as the bank seeks to reduce costs.
Monzo chief says bank has earned ‘the right to dream bigger’ as it targets the US November 28, 2023 Monzo chief executive TS Anil has said the digital challenger bank has "international ambitions", noting a "huge gap" in the American market, but refused to speculate on where or when the firm could list publicly.
Goldman Sachs boss David Solomon remains ‘passionate’ about making music, but DJ hobby became a ‘distraction’ November 28, 2023 Goldman Sachs chief executive David Solomon has said that he retired his high-profile DJ hobby because it was becoming a “distraction” from his leadership of the US investment bank.
UBS chair says 2024 will be key year for Credit Suisse merger, flags ‘sticky costs’ November 28, 2023 UBS swung to a larger-than-expected loss of $785m (£637m) earlier this month in its first full quarterly results since acquiring troubled Credit Suisse.
City minister sets out plan to ‘simplify accountability for regulators’ and boost competition November 28, 2023 Speaking at the Financial Times' Global Banking Summit on Tuesday, Afolami said his priorities were "threefold".
Saga picks former Co-op exec as new chief in bid to turn fortunes around November 28, 2023 Over-50s specialist insurer Saga has announced that chief financial officer Mike Hazell will replace Euan Sutherland as chief executive effective immediately. Hazell was CFO at The Co-op Group before joining Saga in October and had previously been with Debenhams for almost 12 years. Mark Watkins will replace Hazell as CFO So-called claims inflation of around [...]
