Getting workers back to the office set to divide the City
Bosses want to get staff back to their desks, but lawyers say forcing them back to the old normal may lead to legal action
Credit: shomos uddin/Getty/Moment RF
The office canteen typically has more of a reputation for cheap meals and functional furniture than glamour and intrigue. But after a rainy spring when indoor mixing was banned, dining halls are proving an irresistible draw for City bankers.
Rarely has a work café been described as “buzzy”, but that’s how an executive at one Canary Wharf-based lender says he feels as more and more people return to their old lives.
The next frontier of diversity: Why it is time for the industry to recognise neurodiversity
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IW and The Diversity Project launch new campaign
Investment Week editor Lauren Mason
Lauren Mason
Investment Week has always been incredibly passionate about diversity in all its forms, and in our view we have only succeeded in upping the ante in terms of helping to promote a more diverse asset management community over the past year.
| UPDATED: 08:04, Thu, Mar 11, 2021
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EU: Bocquet on ‘realignment mechanisms’ in fishing waters Sign up to receive our rundown of the day s top stories direct to your inbox
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Fishing boats blocked the entrance to St Helier Harbour on Jersey as fishermen sounded their horns and set off flares. Skippers say they have not been allowed to land their catches in France since Brexit but the French still have access to the island s waters. Jersey Fishermen s Association says fishermen are being prevented from landing shellfish in France and is calling for urgent action.
| UPDATED: 19:10, Tue, Mar 9, 2021
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Deutsche Bank UK and Ireland CEO Tiina Lee has confirmed the company s financial ties with the United Kingdom will remain strong regardless of Brexit. Ms Lee has insisted that the bank s presence in Britain will always be significant. The announcement comes after concern that leaving the European Union would force the German financial giant to pull assets out of the City of London and move operations to the European continent.
Bank support fails to help small business
Goldman Sachs warns that cheap loan plan is failing to help as the number at risk of closure doubles in a year
30 January 2021 • 8:00pm
The Bank of England has been urged to overhaul its misfiring scheme to boost small business lending as fears over a wave of insolvencies continue to grow.
Take-up of cheap loans provided to lenders under the Bank’s Term Funding Scheme, introduced last March, has been “well below” available levels and failed to boost lending to small firms, according to Goldman Sachs.
It said the scheme should be revamped at the Bank’s next policy meeting on Thursday after finding that higher usage of the Bank’s cheap funding did not lead to increased lending to small firms.