News Tag: financial sector
October 7, 2009
The Church of England has spoken out in support of hedge funds and has expressed concern that EU proposals to tighten hedge fund regulation could damage its investments.
The Church Commissioners, who manage the Church's £4.4 billion assets, said the European Union directive would limit their ability to make money for the Church.
In a letter to the House of Lords, signed jointly with ...
Church opposes hedge fund reform
by David Masters
September 7, 2009
A survey has found that women in the UK’s financial sector receive around 80% less pay than their male counterparts.
The Equality and Human Rights Commission (EHRC) established that, on average, women earn £2,875 in performance related pay, compared to £14,554 for men.
Published today, the Commission’s Finance Sector Inquiry, is the first time this type of data ...
New measures to be introduced to tackle ‘shocking’ gender pay gap
by Kay Murchie
January 14, 2009
Yesterday, Barclays announced it was to shed over 2,000 jobs worldwide (a 7% reduction in its workforce) in its investment banking and wealth management businesses. The job losses announced yesterday were in addition to the 410 job losses in its IT department which it announced last week.
However, today, the British bank has announced a further 2,100 jobs from its UK ...
Barclays announces a further 2,100 job losses
by Kay Murchie
January 13, 2009
A survey by the Confederation of British Industry (CBI) this week revealed that financial services companies are suffering record falls in profits.
As a result, the CBI said job losses in the financial sector will rise sharply during the first quarter of 2009.
The prediction has so far rang true after British banking giant Barclays is set to shed over ...
Job losses at Barclays and Bank of America
by Kay Murchie
June 23, 2008
As the economy grinds to a virtual standstill, up to 350,000 people will lose their jobs according to a survey by the Centre for Economic and Business Research (CEBR) and the Hay Group, a management consultant.
This estimate was based on interviews with 120 bosses in charge of companies who generate annual sales of at ...
Hundreds of thousands of jobs to go as a result of economic slowdown
by Kay Murchie
More banking woes as Citigroup and Goldman Sachs reveal job losses
by Kay Murchie
