Global banking profits have reached an all-time high, with China dominating the post financial crisis banking sector, according to The Banker’s Top 1000 World Banks ranking.
Chinese banks ICBC and China Construction Bank top the world ranking, with two more Chinese banks in the top ten. Chinese banks now account for a third of total world banking profits, outstripping the USA (20% of profits) and contributing to the largest ever annual profits for the global banking sector of $920 billion – 23% higher than the previous year.
Guests included HRH Prince Andrew, the Duke of York; Shami Chakrabarti, director, Liberty; Mike Coupe, incoming CEO, J Sainsbury; Andrew Marr, BBC presenter; Rachel Johnson, Sunday Times; Ed Miliband, leader of the Labour Party; Kathryn Parsons, founder, Decoded; Alan Yentob, creative director, BBC; Emily Maitlis, BBC presenter; Sir Martin Sorrell, CEO of WPP; Lynda Gratton, Professor at London Business School, Alastair Campbell and economist Dambisa Moyo.
Christina Scott, who was recognised as a top CIO of 2014, said: “The FT is delighted to support Apps for Good, which plays an important role in guiding and inspiring young people to consider a career in technology. As part of our partnership, FT employees volunteer their knowledge and feedback for the students’ apps as they brainstorm ideas and come up with their prototypes. Last night’s awards proved the innovative and creative ideas that emerge through this process and are a fantastic way of recognising this success”.
The award winners included Occasion Location, an app that allows the user to find, rate and promote venues for events, and CryptoConnex, an app that teaches the user to crack codes.
Shannon Bond has been appointed US media and marketing correspondent for the Financial Times, effective June 30. In her new role she will cover content and distribution companies, digital media and the broader advertising and marketing industries.
Shannon joined the FT in 2008 and has since served as a general assignment reporter, most recently covering the consumer goods industry, and interactive production editor. Before joining the FT, Shannon was a war and national security reporter for Medill News Service, covering Congress, the Pentagon and various federal agencies. She also served as a science and business reporter for Medill, writing on research frontiers, neuroscience and the technology beat.