Telegraph and Spectator appoint Goldman Sachs to run sale July 28, 2023 The boards of the Telegraph and The Spectator have appointed investment bank Goldman Sachs and law firm Linklaters to advise on their sale, they said in a statement on Friday. Lender Lloyds Banking Group seized control of the centre-right Daily and Sunday Telegraph and the politics-led Spectator last month after their ultimate owners, the Barclay family, failed to [...]
Barclays launches legal challenge over motor finance claim April 8, 2024 Barclays is launching a legal challenge against the Financial Ombudsman Service (FOS) over a ruling that it unfairly paid commission to a car finance broker, Sky News’ Mark Kleinman first reported. In January, the Financial Conduct Authority (FCA) announced it was launching a probe into historic commission arrangements dating back to 2007, when the FOS [...]
Working capital for the capital: an interview with Lloyds Bank Commercial Banking’s SME London regional director, Paul Evans December 16, 2020 BBLS. CBILS. Furlough. Lockdown. ‘You’re on mute…’. Just some of the acronyms, words and expressions that have dominated 2020. “A very unusual year in every context” is how Paul Evans, Lloyds Bank Commercial Banking’s long-serving SME (small and medium-sized enterprise) London regional director, reflects on an unprecedented 12 months. Evans has been with Lloyds Bank [...]
Bank shares slump: Barclays, HSBC, NatWest and Lloyds down as investors fret over loan defaults June 23, 2023 Shares in Britain’s big banks have tumbled again today as investors fret over the impact of rising interest rates and the prospect of loan defaults on the horizon.
London businesses increasingly confident they can power UK economy out of recession January 30, 2023 London businesses are increasingly confident they can power the UK out of any recession it gets itself into, a closely watched survey published today reveals. Optimism among the capital’s firms rose at the fastest pace out of any region in the UK this month, jumping 29 points to 37 per cent, according to research by [...]
The cost of living, Will Smith and the future of Wasps and Worcester: This week’s best read stories on City A.M. February 24, 2023 The rising cost of living and its implications dominated this week’s best read list, along with UCL researcher Rosie Collington’s challenge to the consultancy sector and One: Lloyds Bank’s profits to help cushion customers’ rising cost of living Lloyds Bank’s announcement that its profits are to be held back to help with the cost of [...]
Lloyds apologises after online banking customers unable to log in hours before Christmas December 24, 2021 Lloyds Banking Group apologised this morning after customers were having issues with their online banking system, just hours before Christmas. Users said they were unable to log into their accounts online. The issue reportedly started late last night. A message popped up on their screens instead, which read: “We are sorry that our internet banking [...]
Lloyds swoops in for ING’s tech leader as its new COO December 15, 2022 Lloyds has swooped in for the top brass at ING as the lender announces a Ron van Kemenade as its new Chief Operating Officer (COO). He will join next year from ING where was chief technology officer and a member of its executive committee. Charlie Nunn, CEO at Lloyds Banking Group, said: “This is a [...]
Who are the billionaires battling for the Telegraph and Spectator? November 1, 2023 The auction for both the Telegraph Media Group (TMG) and Spectator is underway, drawing the attention of a host of eager bidders. But regulatory hurdles could thwart some potential suiters.
Tipping point? City grandees say Square Mile could be set for Big Bang 2.0 September 12, 2023 The City of London is at an "inflection point," with nearly two thirds of financial services leaders warning that the City's star will wane without intervention.