Osborne seizes chance to grab China’s coat tails
Long way to go before trade in the renminbi will make a signficant contribution to their trading desks’ profitability
London fights for its future
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London has railed against the raft of recent regulations from the European Union and the UK Government as it fights to maintain its reputation as a global financial hub
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City job vacancies down 52%
Hiring in the financial services sector remains subdued because of economic uncertainty, according to recruiter Morgan McKinley
London mayor pitches City to French
Financial services workers urged to move to London to escape what Boris Johnson sees as a hostile political climate across the Channel
EU regulator urges Cameron to ‘play the game’
Commissioner criticises safeguards for UK financial sector sought at December’s EU summit, arguing they would endanger single market
Renminbi deal aims to boost City trade
George Osborne signs agreement with Hong Kong aimed at turning London into an offshore trading centre for the Chinese currency
Osborne says banks unlikely to quit City
At meeting to discuss Vickers banking reforms, chancellor says he would like financial services to represent smaller share of British economy
Square Mile recruiter sees hope on jobs front
Morgan McKinley Financial Services points to anecdotal evidence from employers that the first half of 2012 may be slightly better than a year ago
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Comment & Analysis
China and the City
The renminbi market will remain undeveloped so long as foreign holders remain heavily restricted in what they can do with their renminbi
Capital rules and the capital’s needs
Watering down banking rules simply in order to prevent a major institution relocating would be a very poor bargain
Square Mile stares into a vacuum
Although some in the City would welcome a total break with the EU, the majority support some kind of engagement, writes David Lascelles
Britain and Europe
Whatever arrangements are devised to rescue the eurozone, Britain’s interest is to preserve the integrity of the single market
Don’t drape the City in a Union flag: it’s an asset to all Europe
Competition between EU financial centres is fading. The struggle now will be between New York, London and Asia, writes Jo Johnson
Barnier vs the Brits
The UK battle with Europe’s internal market commissioner is intensifying over fears that Brussels reforms will reshape a vital British industry – to the benefit of eurozone rivals
Britain vs the ECB
On the face of it the British government has a point. The ECB’s location policy for central counterparty clearing houses appears at odds with the principles of the single market
Living in London: Vexed in the City
The Square Mile is growing concerned that plans to make it a residential area will blunt its competitive edge, write Emma Jacobs and Jim Pickard
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