New Rules for ‘Too Big to Fail’ Banks Revealed
The Financial Stability Board (FSB) unveils new global rules to prevent ‘too big to fail’ banks from being bailed out by taxpayers if they run into financial difficulties.
Finance News & Features
London’s Iconic Gherkin Building Bought for £700m
One of the most defining elements of the City of London skyline, The Gherkin (unfortunately not one of the tasty morsels shown above), has been sold to Brazil’s second richest man, Joseph Safra.
EMBA Single “Global Model” Approach Challenged
Questions have been raised over the global education provided within Executive MBA (EMBA) courses.
Up to 40 Apprentices to Join TSB This November
This November sees up to 40 school and college leavers start banking apprenticeships with TSB in seven locations across the UK as part of their new scheme.
New Report Reveals Salary Rise in Finance and Professional Services Industry
Salaries for professional roles across finance and accounting, financial services, information technology and administration have risen by an average of 2.6% according to the 2015 Robert Half Salary Guide.
Employment in London’s Financial and Related Professional Services Industry Hits Record High
The CityUK’s October Employment Survey has shown that employment in London’s financial and related professional services industry reached a record high in June 2014 – nearly 2% above the pre-economic crisis peak in 2007.
Pink Diamond Sells for Record £11.1 Million
How’s this for an asset? A pink diamond has sold for a whopping $17.8m (£11.1m) at auction in Hong Kong, setting a new world auction record for a fancy vivid pink diamond.
KPMG Expands Business and Administration Apprenticeship Scheme
Following a successful pilot, professional services firms KPMG have expanded their Business Support Academy to offices across the UK, including Manchester, Glasgow, Leeds, Birmingham and Bristol.
Development of Actuarial Apprenticeships Announced
Word is out of the actuarial grapevine that work is underway to develop a brand new framework for an apprenticeship route into the profession.
UK Funds under Management Hit Record £6.2 Trillion
Recently released research shows that the UK fund management sector was responsible for a whopping £6.2 trillion at the end of 2013.
Business & Admin Studies Subject Group Has Most Acceptances Amongst September 2014 Students
UCAS figures show that at the end of August 2014, 55,050 university applicants had accepted a course in a Business and Administration studies subject, making this the most popular subject group for 2014 entry at UK universities.
140 Barclays Apprentices Graduate at Westminster
140 young people have marked completion of their apprenticeships with international Bank Barclays with a graduation ceremony at the House of Commons.
Lord Hill Appointed Financial Services Commissioner for EU Commission
Former Head of the House of Lords Jonathan Hill has been appointed as Commissioner for Financial Stability, Financial Services and Capital Markets Union in the new EU Commission.
ACCA Highlights Graduates’ Role in Driving Small Business Growth
Global professional body for accountancy ACCA has commented that graduates can give the UK’s small businesses a boost by joining small and medium sized accountancy firms.
BDO Announces 100 New Traineeships
This year’s A-level results recipients interested in an accountancy career can consider an apprenticeship or school leaver programme route as well as the traditional university route. Accountancy firm BDO have just announced 100 new traineeships suited to school leavers who like the idea of learning on the job whilst they earn...
ACCA to Launch New Free MOOC Course in Business
ACCA has announced it will offer a brand new Massive Open Online Course (MOOC) in ‘Discovering Business in Society’. The course is free, and could form one of the first steps towards qualifying as an ACCA qualified accountant…
PwC Have Record Student Interest in Their Graduate Roles
PwC have hit record numbers with the amount of student applications they’ve received for their graduate roles this year. So how does your competition for a place with the firm look?
Hiring Growth in SMEs Helps to Maintain Steady Recruitment in the City
Don’t overlook small and medium-sized firms in your job hunt! Statistics suggest smaller firms are keeping hiring in the City steady, as creation of roles at investment banks stay at the same rate.
Should Bankers Take an Oath to Restore Virtue in the Financial Sector?
A new report from think tank Res Publica has called for an alternative approach to help rebuild public trust in the finance industry…
GCHQ Certifies Masters Degrees in Cyber Security
Thinking of taking a Masters course in Cyber Security? Take note! Francis Maude, Minister for the Cabinet Office, has announced the certification of six Masters degrees in Cyber Security offered by UK institutions by the Government Communications Headquarters (GCHQ).
Could Water Be Traded on the Financial Markets in the Future?
There have been reports in the national press that shortages of fresh water could lead to it being a commodity that’s traded on the financial markets in the future.
Survey Warns of ‘Bottleneck’ for Finance Job Seekers
A survey indicates that competition is cranking up for roles in the finance industry due to a significant gap in those looking for jobs and the number of vacancies on offer.
New Figures Reveal UK Financial Services Trade Surplus Biggest in the World
The UK has the world’s biggest trade surplus in financial services, according to new figures from TheCityUK.
Morgan Stanley Received 90,000 Applications for Summer Intern Positions
Bloomberg News have revealed that the world’s largest brokerage firm, New York based bank Morgan Stanley, received a whopping 90,000 applications for summer analyst and associate positions this year.
Deloitte Announces 200 New Graduate and School Leaver Jobs
Professional services firm Deloitte have announced that they will recruit for 200 graduates and school leavers at their new digital office in London as part of what they’ve called their “biggest recruitment drive to date”.
CIPFA Reveals Rapid Expansion in International Student Numbers
The Chartered Institute of Public Finance and Accountancy (CIPFA) have announced that the Institute now has over 1,000 international students.
KPMG Report Heralds ‘Age of Asset Management’
KPMG’s Evolving Investment Management Regulation report has highlighted some positive signs for the asset management industry.
New AAT Qualification in Bookkeeping Revealed
The AAT has unveiled a new qualification for individuals interested in taking on the bookkeeping profession.
Summer Interns Start Up in The City
Mid-June marks the beginning of the summer internship season in the City of London.
New Access Accountancy Initiative Promotes Diversity in the Profession
More progress for diversity in the finance world; this time in the accountancy industry. A new initiative has recently been set up to promote and improve access to the accountancy profession for young people from all backgrounds. Some of the biggest names in the business have signed up in support of Access Accountancy.
Finance Sector Leading the Way in Expected Graduate Recruitment Boom
The whispers are getting louder: planning is reportedly underway for a boost in graduate recruitment this year. And it’s great news if you’re an aspiring towards a career in the finance sector as, according to IDS data, businesses in these industries are leading the way!
London Tops PwC’s Cities of Opportunity Study
PwC US have revealed that London has racked up the highest score in its survey of 30 cities representing global centres of business, finance and culture. It’s the first time that London has topped the survey results!
CIPFA Announce Winners of Annual Awards
The Chartered Institute for Public Finance and Accountancy (CIPFA) has awarded the top performers in each of the papers for CIPFA Professional Qualification in 2013.
City Bankers Take Up ‘Mindfulness’
As it turns out, 2014 is all about a bit of Zen in the City. City bankers have started to take up meditation and mindfulness techniques to tackle the stress of the long hours and pressure in their top City roles.
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‘Returnships’ Trial at Global Bank in UK
There appears to be more developments bubbling away relating to diversity in the finance industry. Global investment banking giant Credit Suisse have just launched a UK trial of a ‘returnships’ scheme – the first of its kind in the UK – aiming to ease finance professionals who’ve taken some time out back into work in the industry…
Economics Students Call for Revision of Subject Teaching
Ever felt like your university course is missing out something important? Some economics students certainly do! There’s now a worldwide initiative driven by economics students who believe things need to change in the way their subject is taught, with more analysis of the financial crash.
Apprenticeships for Financial Services Firms on the Up
Good news for school leavers with an interest in finance career opportunities outside of the graduate entry route! ICM has recently conducted research into the apprenticeship landscape outlook for the next few years, and it looks to be exciting times for apprenticeships in financial services firms. So how do the numbers look?