Five of the best: Ethical banks to stash your savings June 22, 2016 Banks have been mired in scandal over the last decade. The 2008 financial crisis has been followed by countless investigations and fines. Big banks have variously been caught out for mis-selling products, violating sanctions and manipulating prices of gold, silver, currencies, and libor interest rates. Not surprisingly, headlines have been filled with ire over banks’ unseemly [...]
RBS has pushed back the launch of Williams & Glyn, fuelling buyout speculation June 20, 2016 RBS has put off the marketing push for its new/old Williams & Glyn brand until the first quarter of 2017. The Sunday Times reported that the lender will now put off its marketing activities until the beginning of next year. Under rules set out by the regulator after RBS' £45bn taxpayer bailout in 2008, it [...]
A bank is close to replacing Waitrose as the main sponsor of English cricket June 17, 2016 Waitrose is set to be replaced as the main sponsor of English cricket by Royal Bank of Scotland (RBS) offshoot Natwest, reports have suggested. The supermarket announced in February that 2016 will be its last year as the main partner of the England and Wales Cricket Board (ECB). Today Sky News reported RBS was in advanced [...]
City Moves for 7 June 2016 | Who’s switching jobs June 7, 2016 Ashurst International law firm Ashurst has announced that Dave Rome, managing director, head of EMEA loan markets at RBS, will be joining the firm as strategic director – corporate lending. Dave has spent over 25 years at RBS and NatWest, working in the UK and Europe as well as spending six years in Asia. In [...]
City Moves for 27 May 2016 | Who’s switching jobs May 27, 2016 Payne Hicks Beach Central London law firm Payne Hicks Beach has announced that Virginia Farquharson, a chartered accountant, has been appointed to the newly created director of management role, following the retirement of Peter Black, as managing partner. Virginia has enjoyed a long career at Payne Hicks Beach for over two decades, principally as director [...]
The Prince’s Trust’s 40th anniversary: How business is helping deprived young people flourish May 17, 2016 Today Buckingham Palace hosts a garden party to mark the fortieth anniversary of The Prince’s Trust, the Prince of Wales’ oldest and largest charity. It will be attended by some of the thousands of young people whose lives have been turned around by this amazing organisation, along with volunteers, supporters and staff. As chairman of [...]
RBS mulls sale of Williams & Glyn and NatWest May 15, 2016 Royal Bank of Scotland's advisers are reportedly weighing a shock move to divest both Williams & Glyn and NatWest, as the bank seeks to accelerate sell-off plans. According to the Sunday Telegraph, RBS advisers, Bank of America Merrill Lynch and Robey Warshaw, are weighing the NatWest move in a bid to ease tech problems behind the Williams [...]
City Moves for 12 May 2016 | Who’s switching jobs May 12, 2016 EDM Group Provider of information and business process management technology and services to the UK insurance industry EDM Group has appointed Chris Hall as managing director, Insurance Services for EDM UK. Chris has over 30 years’ IT experience in senior leadership roles. Previous experience includes seven years spearheading Dell’s online presence in Europe; seven years [...]
Post Office apologises after major glitch shuts down counter services across the country May 9, 2016 A major technical glitch meant thousands of people were turned away at Post Office branches around the country today. Customers hoping to pay bills, post packages or collect benefits claimed the outage was affecting branches nationwide, with many saying they had tried a number of branches before giving up, but the group insisted it was only [...]
These are the UK’s most-hated banks April 27, 2016 Banker-bashing may have become something of a national sport in recent years – but what about bank-bashing? A new survey has revealed UK banking customers' most-hated lenders. The so-called Big Four make up the top of the list, with Royal Bank of Scotland (RBS) scoring just 49.3 on a reputation scale of 0-100, while Lloyds follows, [...]