Finance Sector

The CEBR reports that 33,000 jobs are expected to be lost in the city this year

City bonuses to collapse to a quarter of peak, says CEBR

A report by the CEBR says that city jobs are to fall to lowest level since 1996 and bonuses will drop to £2.3bn, less than a quarter of the peak of £11.6bn in 2007.

London has retained its position as the leading global financial centre, according to a new survey

London remains the top global financial centre

A new survey reveals that London is still top of the financial centre league table despite regulatory changes, a weak domestic economy and the euro debt crisis.

Pay increases for city workers have increased by 12%, according to new research

Base pay for city staff up 12% to £83,000 despite euro crisis

Pay in the City of London has increased to an average of £83,000, according to new figures from financial services recruitment firm Astbury Marsden.

The FSA has rejected calls for an extension to the RDR implementation date

FSA rejects MPs' call for RDR delay

The Financial Services Authority has rejected suggestions by the Treasury Select Committee to push back the implementation date of financial advise reforms.