Last of the Miller family Keith retires as Miller Group’s boss February 5, 2015 Keith Miller announced yesterday he will step down as chief executive of Miller Group, ending 81 years of family leadership at the UK’s biggest privately-owned housebuilder. The Edinburgh-based company, which has operations across the UK but outside of London, was founded by Miller’s father and his uncles in 1934. The 65-year-old sailing enthusiast joined [...]
Without currency union independent Scotland’s banks would be at risk – Niesr August 8, 2014 Scottish banks may not have the option of a government bailout if the country decides to go independent and has no formal currency union with the UK, according to a report from the National Institute of Social and Economic Research (Niesr). Without the formal arrangement Scotland enjoys at the moment, the Scottish banking system would [...]
RBS could pay fine worth tens of millions of pounds next week for 2012 IT failures November 16, 2014 Royal Bank of Scotland will this week be asked to fork out an eight-figure fine for its 2012 IT failures, according to reports. It has been expected that the Financial Conduct Authority (FCA) would issue RBS with a fine worth tens of millions of pounds over the bank’s technical failures in June 2012. [...]
Who are Europe’s best paid bank CEOs? Four UK banks HSBC, Lloyds and RBS and Standard Chartered made the ranking November 11, 2014 Given the boardroom battles that have taken place over recent years, it's hardly surprising – but a new ranking of last year's 15 best-paid European bank bosses shows UK bankers are among the most highly-paid in Europe. British banks HSBC and Lloyds Banking Group took second and third places in the ranking, compiled by business [...]
Britain isn’t a free market: It’s time to imagine life beyond the state October 28, 2015 One of the most dangerous myths that pervades the political debate today is the idea that “neo-liberalism”, as the left describe it, has a stranglehold over economic policy. Certainly, if we compare the influence of government on our lives today with the early twentieth century, it is very clear that we live in a social [...]
Banks brace for record forex settlement fine November 11, 2014 BANKS in the UK will today be told how much they have to pay the banking regulator in fines, following a year-long investigation into the manipulation of foreign exchange markets. Six banks, including three based in the UK, will face record fines this morning as part of the forex probe. The combined penalty to be [...]
From Corbyn’s win and Scottish independence revisited to Apple’s iOS 9 release and Rugby World Cup: Here’s what got us talking this week September 18, 2015 Prince Harry gave up his seat to a pensioner. Left-wingers were outed as being potty-mouthed. And all around London, buildings are opening their doors to complete strangers. This is what got us talking this week 1) Cor, blimey Corbyn Although it was widely expected, we were still left reeling when Jeremy Corbyn became the [...]
Challenger bank Aldermore says IPO will still happen as lending lifts November 10, 2014 Challenger bank Aldermore, which pulled the plug on a planned London Stock Exchange listing last month, has posted promising third quarter results. Aldermore's total lending rose by 10 per cent in the third quarter, taking it to a 30 per cent increase since the beginning of 2014. This helped lift third quarter pre-tax profit [...]
Challenger bank Aldermore posts third quarter results: Sees lending, profit increase November 10, 2014 Challenger bank Aldermore, who pulled the plug on a planned London Stock Exchange listing last month, has posted promising third quarter results. Aldermore's total lending rose by 10 percent in the third quarter, taking it to a 30 percent increase since the beginning of 2014. This helped lift third quarter pretax profit to almost [...]
RBS could be fined tens of millions of pounds by the FCA for 2012 computer failure November 3, 2014 The Royal Bank of Scotland (RBS) will face tens of millions of pounds worth of fines from the Financial Conduct Authority (FCA) for IT blunders back in 2012. In October, RBS was told by the FCA it must pay an amount that would be a record for IT failures. In 2012, 7m customers were locked [...]