Women in banking are judged differently, says Dame Jayne-Anne Gadhia August 18, 2020 Former Virgin Money boss Dame Jayne-Anne Gadhia has said she believes women in the City are treated differently to men. Gadhia, who left Virgin Money to set up fintech startup Snoop, recalls being labelled a “bloody difficult woman” throughout her career. Speaking to entrepreneur podcast “Can I ask you a personal question?” she said: “There is [...]
Bank customers may need longer-term crisis support, says FCA July 31, 2020 The City watchdog has said Britain’s lenders may need to consider introducing “sustainable forbearance” for customers who will struggle with loan repayments after coronavirus relief measures end in the autumn. The Financial Conduct Authority (FCA) has launched a “call for input” to determine what measures may be needed once repayment holidays introduced during the pandemic [...]
National Theatre to stage panto as it plots October reopening September 17, 2020 The National Theatre today said it will reopen its doors for live performances next month with a season of new shows that includes a Christmas pantomime. The iconic venue said it will remodel its Olivier theatre to stage a series of performances in-the-round, enabling audiences of almost 500 to attend while observing social distancing. The [...]
City Moves for 17 June – Who’s switching jobs? June 17, 2019 Today’s City Moves includes Cushman & Wakefield, Wavemaker and Stenn International. Cushman & Wakefield Cushman & Wakefield has appointed Greg Mansell as head of UK research and insight, based in London. Greg joins the firm with more than 10 years’ experience researching and forecasting global real estate markets. Most recently, Greg has run his own [...]
Natwest sinks to a loss as it sets aside £2.9bn for bad loans July 31, 2020 Natwest sunk to a pre-tax loss of £770m in the first half of the year as it set aside billions of pounds in anticipation of loans turning sour due to the coronavirus pandemic. The banking group – known as RBS until earlier this month – took a hit of £2.86bn in the first half to [...]
Service sector sentiment and profitability drops as Brexit uncertainty drags on May 29, 2019 Firms across the UK’s service sector have struggled with falling profits, business volumes and sentiment in the last three months as Brexit uncertainty continues to take its toll. Business and professional service companies saw profits drop 24 per cent, at the fastest pace since November 2011, while consumer service firms said profitability fell 25 per [...]
Why it’s too risky for Mark Carney to move interest rates for Brexit July 31, 2019 The Bank of England risks upsetting the economy if it changes interest rates before there is more clarity about Brexit, some of the City’s top economists have warned. Ahead of the Bank’s key meeting tomorrow, City A.M.’s shadow monetary policy committee (MPC) has said worries over slowing economic growth are outweighed by growing concerns that [...]
Virgin Money delays branch closures in face of coronavirus March 29, 2020 Challenger bank Virgin Money is reviewing plans to close branches as lenders focus on mitigating the impact of the coronavirus. Hundreds of jobs earmarked for redundancy could also now be put on hold as the bank pauses branch closure plans, according to the Sunday Telegraph. Read more: Lloyds suspends 780 planned job cuts amid coronavirus [...]
The world’s local bank has a new boss on its doorstep August 9, 2019 It is just 4.3 miles from One Canada Square, HSBC Holdings’ headquarters, to 20 Gresham Street, the home of Lloyds Banking Group. How fitting, then, that “the world’s local bank” should have no further to look than its near-neighbour for its next chief executive. Mark Tucker, HSBC’s chairman, cautioned this week that his search for [...]
TSB launches fraud guarantee for customers after last year’s IT crisis April 14, 2019 TSB will tomorrow announce a fraud refund guarantee that means the bank’s 5.2m customers will be covered if they are an innocent victim of fraud. The pledge follows an IT meltdown at TSB last year that saw fraud rise to 70 times its normal level and more than 1,300 customers losing money. Read more: TSB to [...]