News Tab

Category : The City

The ‘Piracy Service’ at Tower Hill Tube Station

Read More

By Mika Morissette, City Editor What does our City hide? This small commercial law firm has become a leading global expert on dealing with Somali and East China Sea piracy… Nestled away on the small streets just north of Tower Hill station is a little known section of the City which sprouted up in the shadows of Lloyds Register of Shipping, the maritime giant founded in 1760, and now discreetly…

A comfy business: Of free and paid-for hugs

Read More

Camilla Naschert It is a sunny afternoon in late 2014. A man is walking around a park looking down at his phone, sending a message to a woman he does not know. As her phone beeps, she checks the screen and smiles. She turns around and walks towards the park, guided towards him by a map. The two see each other for the first time, embrace in a long hug…

When the City’s most successful say no to wealth inequality

When the City’s most successful say no to wealth inequality

Read More

Tom Wright Last month, the Post-Crash Economics Society invited former Maths and Economics student Gary Stevenson to discuss his experiences as a trader and why wealth inequality matters for all of us. Arriving in 2005 as a wide-eyed 18 year old from Ilford, Gary Stevenson found himself in a minority – although suspecting that he wanted a graduate job in finance, he didn’t have a meticulous 3-year plan to get…

Why are Banks fined again and again?

Read More

By Anup Aryal The total fines paid by banks after the 2007 financial crisis has reached £167 billion. Last week, the Financial Conduct Authority fined a group of five major banks a record £1.1 billion for issues in their Forex business. This has increased the total fines paid by banks after the 2007 financial crisis to £167 billion. These include fines for market manipulation, price rigging, misconduct, anti-money laundering and…

Spotify: friend or foe to the music industry?

Read More

By Channon Gray Daniel Ek is the C.E.O of Spotify. Aged 31, he is a bit of a music geek: he doesn’t own a desk as his desk is his sofa, and when he isn’t sprawled out on his sofa he is wandering the company’s offices in Stockholm which are designed to encourage “random encounters” similar to Pixar’s. He believes that Spotify is a pathway to good in the music…

Swift ‘Never Ever Getting Back Together’ with Spotify?

Read More

By Rian Watt LONDON – Earlier this month, Taylor Swift pulled her entire catalog from the online music-streaming site Spotify, claiming the following: “I think there should be an inherent value placed on art. I didn’t see that happening, perception-wise, when I put my music on Spotify.” Critics claimed, very quickly, that she was simply pulling a power-play for a higher percentage of streaming revenue, or setting up for a…

How to read the FT

Read More

Last week, the Economics Society invited Peter Goves – European Interest Rate Strategist at Citi – to speak to over 75 students on how to read the Financial Times. Here’s what he had to say…   1. Be aware of how the trading floor is structured. Corporate bonds (credit), government bonds (rates), equities, FX and commodities are the main asset classes. Within each asset class sits teams of trading, sales,…

Happy Birthday, Twitter

Read More

Birthdays and anniversaries are always a good time to reflect on past successes and failures. On the 7th of November, the social networking giant Twitter had time to do this, as it celebrated its first year anniversary as a public company. At its launch one year ago, its stock jumped 73 percent and opened at $45.10 on its first trading day, ushering a new wave of consumer tech public offerings….

When exchanges get too fast and too furious

Read More

The IEX, a new alternative trading platform which famously limits the speed at which prospective users can trade, celebrates its first birthday

Google is Strong, but not Immortal

Read More

by Paul Le Manh Just last week, Google’s motto “Don’t be evil” was once again repudiated when Robert Hannigan accused the US tech company, along with others, of helping terrorism. Recently appointed as head of GCHQ, a British intelligence and security organisation, Hannigan claims that the lack of cooperation between tech firms and spy agencies is threatening security, since many terrorist organisations are now using digital tools to communicate. In…