Enterprise Ventures has launched a new private capital loan fund with £40m backing from Santander UK plc and Greater Manchester Pension Fund. Enterprise Ventures SME Loans will provide up to £1m to… Read More
Monthly Archives: June 2015
City of London Policy Chairman strengthens financial links with China
Mark Boleat, Policy Chairman at the City of London Corporation, will be visiting Beijing and Shanghai early next Month (5–8 July) to build existing links and to discuss opportunities for future collaboration… Read More
Financial Services Consumer Panel Annual Report 2015
The Consumer Panel has published its Annual Report for the period April 2014 – March 2015. It covers the Panel’s activities over the past year, including work on consumer credit, mortgages and… Read More
Financial services firms want government to reduce cost of regulatory compliance – CBI/PwC
Reducing the cost of regulatory compliance should be the new Conservative government’s priority for financial services, according to firms in most sub-sectors (including banking, building societies and life insurance). Tax stability was… Read More
Chris Leslie MP response to Chanellor’s statement on Greece
Chris Leslie MP, Labour’s Shadow Chancellor, following the Chancellor’s Statement on Greece in the House of Commons today, said: “The crisis in Greece and the Eurozone poses serious risks for the rest… Read More
IDC raises R1.5 billion in the bond market arranged by Investec Bank and Tamela
The Industrial Development Corporation of South Africa Limited (“IDC”), rated AA+(zaf), has announced the tap issuance of two senior unsecured floating rate bonds with 2.5 and 4.5 year tenures, as well as… Read More
Skanska sells prime Bristol development to Aviva
Skanska has exchanged contracts for the sale of its prime, city-centre office development in Bristol – 66 Queen Square – to Aviva Investors Property Trust for GBP32.7 million. The property comprises 61,484… Read More
CORESTATE Invests EUR370m in retail properties in Germany
ORESTATE, a specialised real estate investor based in Zug, Switzerland, has acquired 35 retail buildings in prime locations in pedestrian zones of German mid sized cities. The portfolio comprises more than 170,000… Read More
Which? response to the Prudential Regulation Authority and Financial Conduct Authority announcing new rules on remuneration
Which? executive director Richard Lloyd said: “After numerous banking scandals it’s right that the bonus rules are tightened. Senior managers found breaking the rules should be punished, even if it is years later. “Tougher… Read More
Bank compensation should discourage excessive risk-taking
Responding to the PRA/FCA announcement on remuneration and clawbacks, BBA Executive Director Simon Hills said: “Banks want compensation that rewards long-term performance, discourages excessive risk-taking and appropriately aligns risk with reward. “It is… Read More
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