City Moves for 1 October – Who’s switching jobs at Huntswood, HSBC and the Evening Standard? September 30, 2019 Today’s City Moves includes Huntswood, HSBC and the Evening Standard Huntswood Martin Dodd has been appointed chief executive officer of specialist resourcing and consultancy firm Huntswood. He joins from Lloyds Banking Group, where he served as managing director of the company’s telephone banking operation. Martin will sit on Huntswood’s board, delivering the strategic ambition of [...]
Lloyds Banking Group to cut 305 jobs and close 49 branches across the UK as customers switch to digital banking April 17, 2018 Lloyds Banking Group is cutting 305 jobs as part of plans to close 49 branches across the UK, as customers increasingly opt for digital banking rather than going into branches. The cuts are predominantly across its branch network, and will affect some other central functions too. Read more: Former Lloyds Banking Group boss wins £1.35m [...]
It’s up to businesses to make sure no one gets left behind in the digital revolution October 14, 2019 The digitisation of the global economy is transforming the way we communicate, work and live. Today, you can transfer money to the other side of the world in the blink of an eye, pay for a coffee by tapping your phone, and open a bank account in minutes. The startling growth of the UK’s innovative [...]
Lloyds Banking Group kicks off £1bn share buyback programme March 8, 2018 Lloyds Banking Group this morning launched its £1bn share buyback programme, unveiled at its full-year results last month. The bank said it had entered into an agreement with UBS to carry out the share buyback programme on its behalf – and to make trading decisions under the programme independently. The programme starts today and will [...]
Lloyds Banking Group kicks off £1bn share buyback programme March 8, 2018 Lloyds Banking Group this morning launched its £1bn share buyback programme, unveiled at its full-year results last month. The bank said it had entered into an agreement with UBS to carry out the share buyback programme on its behalf – and to make trading decisions under the programme independently. The programme starts today and will [...]
Post Office appoints ex-Nisa boss Nick Read as chief executive July 18, 2019 The Post Office has appointed consumer business veteran Nick Read as its new group chief executive. Read will join the group in September and replace outgoing chief executive Paula Vennells, who earlier this year announced plans to step down after seven years in the job. Read more: Use your local post office or lose it [...]
MPs call for investigation into Lloyds ‘cover up’ of HBOS fraud April 8, 2019 MPs have urged city regulators to investigate Lloyds Bank executives over an alleged “cover up” of fraud at its HBOS unit in Reading. The all-party parliamentary group (APPG) on fair business banking has called for a probe into whether bosses, including chief executive Antonio Horta-Osorio, breached corporate governance and conduct rules. It comes after a separate [...]
Shareholders poised to oppose Vodafone pay report in dividend row July 10, 2019 A group of Vodafone investors plan to oppose the company’s remuneration report at this month’s annual meeting as anger builds about the telecoms firm’s move to cut its dividend, according to Sky News. Read more: Vodafone looks to woo business as it switches on 5G network Proxy adviser ISS has said investors should vote against [...]
Exclusive: Scrapping paper documents could boost UK trade by £25bn April 29, 2021 Digitising business and removing tens of millions of paper documents would boost small British businesses’ overseas trade by £25bn over the next four years, according to new research. A report by the International Chamber of Commerce (ICC), seen by City A.M., argued that UK firms were trapped in the “bureaucracies of the 16th century” and [...]
Treasury Committee demands update on bank signature forgery allegations October 15, 2020 An influential committee of MPs have demanded an update from the City watchdog and National Crime Agency on their investigation into allegations of widespread signature forgery at British banks. The Treasury Select Committee first asked the Financial Conduct Authority and NCA to investigate allegations that banks used forged signatures on an industrial scale, leading to [...]