Jocelyn Trayler-Clarke

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PwC CFO Sees Gains From Big Business Transformations

By<p>Emily Chasan<p>Emily Chasan<p>The Wall Street Journal<p>Biography<p>@echasan<p>Google+<p>emily.chasan@wsj.com<p>Carol Sawdye, the chief financial officer of U.S. accounting firm PricewaterhouseCoopers, is spending much of her first year on the job focused on change management.<p>As the economy has stabilized since the …

Unpaid No More: Interns Win Major Court Battle

A federal court in New York has ruled that a group of interns at Fox Searchlight Pictures should have been paid for their work on the movie <i>Black Swan</i>. The decision may have broad implications for students looking for their first job.<p>Eric Glatt filed the federal lawsuit against Fox. He says everyone …

Keep Up with Your Quants

“I don’t know why we didn’t get the mortgages off our books,” a senior quantitative analyst at a large U.S. bank told me a few years ago. “I had a model strongly indicating that a lot of them wouldn’t be repaid, and I sent it to the head of our mortgage business.”<p>When I asked the leader of the …

Ignore the Markets (and the Fed), the Economy Is Doing Fine

You could be forgiven for missing the latest installment of market panic over the past ten days. It came and went like a summer thunderstorm -- passing over the global financial landscape quickly and violently. But unlike meteorological events that inflict actual harm, the sharp gyrations of …

Top 10 London Annoyances

It's a crazy city out there and sometimes it makes us crazy too. But some things annoy us just that little bit more than usual. Here's ten of them in …

A Podcast About London, 9 August 2013

Welcome to the latest episode of Londonist Out Loud, a podcast about London. You can listen in-browser, or subscribe via iTunes or RSS. We’re now …

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Free & Cheap London Events: 12-18 August 2013

<i>Interesting and unusual things to do for a fiver or less this week.</i><p>Monday 12 August<p><b>ICE SKATING</b>: Ice skating in August? Why not. Cheap ice skating in …

City economists say eurozone recession is 'over'

The eurozone has exited its longest recession since records began, official figures are expected to show this week.<p>Growth from the powerhouse economy of Germany has pulled the single currency region’s economy as a whole out of contraction mode, economists believe.<p>Wednesday’s “flash” estimate for …

The new Governor has to choose: pussycat or tiger?

Tiger or pussycat? Mark Carney, the new Governor of the Bank of England, has certainly shaken things up. But what kind of animal is he?<p>On the surface, he’s a pussycat, keen to keep interest rates at their current, <b>remarkably low, levels until the UK unemployment rate drops to 7pc</b>. According to the …

US prepares to charge London bankers in JP Morgan trades case

Two London-based bankers could face US charges over their alleged role in the $6bn (£3.9bn) “London Whale” trading scandal at JP Morgan Chase.<p>The US authorities are reported to be preparing to file criminal fraud charges against Javier Martin-Artajo, a Spanish-born former JP Morgan manager, and …

Lord Sugar in £10m 'mis-selling' complaint against Lloyds

Lord Sugar has become the most prominent business owner to emerge as a potential victim of the mis-selling of interest rate hedging products by Britain’s major banks.<p>The multi-millionaire founder of Amstrad has complained to Lloyds Banking Group over its sale of a hedging product on a loan taken …

Week ahead in business and economics: August 12-16

Prudential Asia prospects brighten outlook for insurer’s investors<p>After Aviva, Standard Life and Legal & General last week, the last of the big name UK insurers reports its half-year results today.<p>Prudential’s results will be a tale of two businesses: on the one hand, Asia and the US, where it …

Bank lending to small businesses falls in 98 of 120 postcode areas

Britain's banks have cut back on lending to small businesses in all but 22 postcode districts in the UK, according to data published for the first time , sparking accusations that lenders are failing to support a key potential area of economic growth.<p>Lending fell in more than 80% of the country's …

Higher bills? Thank the emerging middle class

Consumers trying to keep their budgets balanced will be dismayed to find that keeping up with the Joneses is getting pricier as the global middle class expands.<p>Economists generally consider the middle class to be people with the financial resources to make discretionary and small luxury purchases — …

July 2013 Asset Class Returns

Last quarter (Second quarter 2013: March 31, 2013 through June 30, 2013) U.S. stocks was the only category which did well. July was much kinder to all the other categories.<p>We use six different asset classes for asset allocation: three for stability (bonds) and three for appreciation (stocks). We …

Now They Tell Us: The Story Of Japan's 'Lost Decades' Was Just One Big Hoax

Few “facts” of modern history have become so firmly established as the idea that the Japanese economy flamed out in the early 1990s. This story has greatly discombobulated other nations’ policymaking, not least, as we will see in a moment, policymaking in the United States.<p>Yet the “lost decades” …

Apple, Watch Out: Xiaomi Has Overtaken You In China

At noon on August 12, Xiaomi Tech’s latest smartphone goes on sale in China. Priced at just 799 yuan ($130), the Android-powered Hongmi, or “Red Rice,” is expected to be this year’s smash.<p>Even without the Hongmi, Xiaomi sells more smartphones than Apple in China. The Canalys Q2 rankings put the …

Banking sector is about to buzz as big names begin to court the City

A test of investor appetite for bank shares is about to take place. Burnt badly during the 2008 banking crisis, some investors have shied away from owning bank shares. But in the not-too-distant future City institutions seem likely to be asked by the government if they want to buy shares in Lloyds …