Tuesday 28 February 1995
Or at any rate the offices of Scottish Widows, where the news of Barings' woes was met with disbelief.
Barings is, in theory, the tenant at a 235,000 sq ft office block on London Wall owned by the institution.
In theory, that is, because the bank is yet to move in - the carpet-fitters' contract is just another headache for Ernst & Young to sort out.
The plan, no doubt subject to revision now, was for Barings to consolidate its Bishopsgate and America Square operations on to the one site, leased from Scottish Widows for just over £8m a year.
The institution had agreed to take on the lease for America Square in return for the letting, so one thing is for sure - the lawyers will be busy for the next few weeks sorting it all out.
While the search for a tenant goes on, Scottish will remain grateful for the scraps that it earns renting the building out to film companies and advertisers, principal source of income so far.
It's rather appropriate I suppose that "All or Nothing At All", Hugh Laurie's portrait of a young City whiz-kid, was filmed in the building.
For those who missed it, Laurie's character gambled mind-boggling sums of other people's money (on the horses in his case) and lost the lot.
The troubles at the venerable merchant bank also impinged on the press conference announcing the latest results from Midland Bank parent HSBC. Drooping eyelids and even the odd snore were the order of the day, my informant tells me, since many on both sides of the microphone were involved in the weekend's frenetic attempts to save Barings.
A medal, though, should go to John Bond, HSBC's chief executive, who performed with aplomb despite being detained at the Bank of England well into Sunday evening.
Their City brethren generally keep low after the failure of a merger, but the Institute of Chartered Accountants in England and Wales is on the offensive in the wake of the collapse of the latest attempt to rationalise their somewhat overcrowded profession. Roger Lawson (below), institute president, was yesterday up bright and early and - suitably attired in a Monty Pythonesque bowler - helping unveil the first of a series of posters to promote the value of the chartered qualification. The institute, which is reputedly spending £230,000 on the campaign, hopes the humourous ads will bring home the dangers of using unqualified accountants and polish up their tarnished image. But, being accountants, they are not blowing the money willy-nilly. The effectiveness of the "radical new departure" will be monitored and members are being urged to pass on feedback on the campaign.
Diving in at the deep end is no excuse for shirking the style stakes
- 1 Why I'm on the brink of burning my Israeli passport
- 2 Comfortable in their own skin
- 3 Japanese plant experts produce 10,000 lettuce heads a day in LED-lit indoor farm
- 4 War is war: Why I stand with Israel
- 5 L'Oreal cuts ties with Belgium supporter Axelle Despiegelaere after hunting trip photographs
Israel-Gaza conflict: Death toll tops 125 after overnight raids as Operation Protective Edge continues
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Ian Thorpe gay: Olympic swimmer comes out in Parkinson interview
Supermoon 2014: When and why will the moon look bigger and brighter this summer?
Gaza-Israel conflict: Pro-Palestinian demonstrators take to streets of London, Paris and New York in wave of protests
Sustained immigration has not harmed Britons' employment, say government advisers
War is war: Why I stand with Israel
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Australia facing international condemnation after turning around Sri Lankans at sea
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
Socialist Worker called to apologise over ‘vile’ article saying Eton schoolboy Horatio Chapple's death is ‘reason to save the polar bears’
iJobs Money & Business
£70000 per annum: Harrington Starr: Information Security Manager (ISO 27001, A...
£75000 - £85000 per annum + ex bens: Deerfoot IT Resources Limited: Biztalk Te...
£60000 per annum: Harrington Starr: Trade Desk Specialist (FIX, Linux, Windows...
£35000 per annum: Harrington Starr: Service Desk Analyst (Windows, Active Dire...