Third rail firm up for sale as Angel scouts for buyers March 9, 2015 RAIL company Angel Trains could follow the path of rivals Eversholt and Porterbrook to become the third British train firm to be sold in a year. Angel is currently owned by a consortium of investors from Australia, Canada, Luxembourg and the UK, which bought the company from the Royal Bank of Scotland in 2008. The [...]
EU referendum: Bank of England governor Mark Carney poised to make Brexit intervention October 19, 2015 Bank of England governor Mark Carney could make a major intervention in the Brexit debate tomorrow when the Bank publishes its view on the impact of a British exit from the EU. In the run up to last year’s vote on Scottish Independence BoE governor Mark Carney dealt a blow to separatists when he said that [...]
Mark Carney plays down potential controversy of Bank’s Brexit report October 20, 2015 BANK OF ENGLAND governor Mark Carney has played down the Bank’s analysis of a UK exit from the EU, telling an influential group of MPs it is “a bit of a yawner”. The Bank is due to publish its findings today after investigating the potential impact a UK exit from the EU would have on its ability [...]
Top Rabobank trader banned for rate rigging March 17, 2015 A FORMER senior trader at Rabobank was yesterday banned by the Financial Conduct Authority (FCA) over Libor rate-rigging. Paul Robson is the first trader to be banned by the City regulator for attempted Libor manipulation. The FCA action follows a US criminal conviction for Robson over interest rate-rigging. He was the second person at the [...]
Catalan independence unlikely despite separatist victory, say economists January 11, 2016 The election of a new leader in the Spanish region of Catalonia over the weekend is unlikely to result in independence for the region, analysts believe. The developments are also likely to spur on activity at the national level, with parties against Catalan independence under more pressure to reach a deal on a functioning state. [...]
PPI complaints to banks fall but card anger rises March 30, 2015 PAYMENT protection insurance (PPI) complaints are dropping away, and now account for fewer than half of all complaints to banks, the City watchdog said yesterday. Banks received 2.18m complaints from July to December 2014, a fall of 14 per cent on the same period of 2013. Of those, 1.06m were still PPI complaints – making [...]
Mark Carney says Bank of England’s EU referendum input will be “a bit of a yawner” October 20, 2015 Bank of England governor Mark Carney has played down the Bank’s analysis of a UK exit from the EU, telling an influential group of MPs it would be "a bit of a yawner". The Bank is due to publish its findings tomorrow after investigating the potential impact leaving the EU would have on its ability to steer the [...]
Apple Pay: How does it work and is it any quicker? A guide for the new contactless payment system July 15, 2015 Apple Pay has finally arrived in the UK. Well, sort of. If you have the right iPhone and the right bank and you shop in the right place and if the sun is shining at just the right angle – then you can use Apple Pay (okay, we made the bit about the sun up). [...]
RBS chief executive Ross McEwan hands back £1m share reward February 26, 2015 Royal Bank of Scotland chief executive Ross McEwan will forfeit a £1m portion of his pay packet for the second year in a row. McEwan, known as the lowest-paid bank boss in the FTSE 100, said he did not want to receive the "role based" incentive often used by major UK banks to get around [...]
Lloyds share price falls as government sells off one per cent stake March 9, 2015 Shares in Lloyds Banking Group opened at 80.9p this morning, 0.6 per cent lower, after the government announced it had sold off another one per cent stake in the bank, worth £500m. The sale means the stake owned by UK Financial Investments, the government body formed to manage part-nationalised banks, is now a relatively modest [...]