Bank of England stress tests: This is how the lenders HSBC, RBS, Barclays, Lloyds Bank, Standard Chartered reacted November 28, 2017 The Bank of England unveiled the results of its latest round of stress tests today, and presented a fairly upbeat outlook on the state of the market. Barclays and RBS were the only lenders to fall below the Bank’s systemic reference points, and in the main, the BoE said banks would incur losses of £50bn [...]
FTSE 100 tumbles after coronavirus forces banks to cut dividends April 1, 2020 The FTSE 100 closed down 3.4 per cent at 5,478 points today after the UK’s major banks were punished by investors after scrapping dividends last night. The fall came after the index finished its worst quarter since 1987 yesterday. Shedding more than 24 per cent of its value, the FTSE 100 was pummelled over fears [...]
FTSE 100 and US stocks slip amid second-wave worries October 13, 2020 The FTSE 100 was set to end the day lower and US stocks fell as concerns about rising coronavirus cases and new restrictions weighed on global sentiment. London’s blue chip index opened lower and was down 0.8 per cent by 4pm at 5,951 points. The mid-cap FTSE 250 had shed 1.5 per cent. Read more: [...]
FTSE 100 slides as pound surges but US stocks continue to rise September 1, 2020 The FTSE 100 slumped as the pound soared, but the relentless rise of the big US tech companies continued on a choppy day’s trading. London’s blue-chip stock index slid 1.8 per cent to stand at 5,859 points in afternoon trading. The FTSE 250 index of mid-cap firms shed one per cent. Read more: Asian markets [...]
Digital bank Monzo in discussion with Post Office to allow customers to deposit cash February 5, 2019 Digital bank Monzo has entered discussions with the Post Office to allow its customers to deposit and withdraw cash in branched across the country. Chief executive Tom Blomfield told MPs that while cash transactions were declining they were not “going away.” A potential deal, similar to those between the Post Office and other major UK [...]
Lloyds pays out to whistleblower who alleged HBOS cover-up November 14, 2018 Lloyds Banking Group has apologised and paid an undisclosed amount in compensation to a whistleblower who produced an internal report that criticised the lender’s handling of a large-scale fraud. The bank previously settled with Sally Masterton, a former senior risk officer at HBOS, over claims she had been unfairly dismissed. Masterton “acted with integrity and [...]
City Moves for 19 March – who’s switching jobs at EIP, Legal & General Investment Management and Oaknorth Analytical Intelligence? March 19, 2019 Who’s on the move today? EIP Leading intellectual property law firm EIP has appointed Nora Fowler as an associate in the firm’s trademark team in London. Nora joins from Novagraaf UK, where she managed worldwide trademark portfolios and provided strategic advice to clients from a multitude of sectors. Nora has a wealth of experience working [...]
Noel Edmonds brands Archbishop of Canterbury a “reincarnation of evil” over Lloyds investment September 18, 2018 TV presenter Noel Edmonds branded the Archbishop of Canterbury a "reincarnation of evil" for investing in Lloyds Bank and failing to meet with HBOS fraud victims. The Deal or No Deal star, who is seeking £64m in damages from Lloyds, said Justin Welby was a hypocrite after the church leader last week mounted an attack on zero hours contracts [...]
Noel Edmonds brands Archbishop of Canterbury a “reincarnation of evil” over Lloyds investment September 18, 2018 TV presenter Noel Edmonds branded the Archbishop of Canterbury a "reincarnation of evil" for investing in Lloyds Bank and failing to meet with HBOS fraud victims. The Deal or No Deal star, who is seeking £64m in damages from Lloyds, said Justin Welby was a hypocrite after the church leader last week mounted an attack on zero hours contracts [...]
City Moves: Who is switching jobs in the Square Mile this week? March 3, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week we have seen a flurry of new hires across the capital. From a Ritz chairman joining an intelligence firm, to a former Knight Frank executive taking on a leading residential role [...]