After financial crisis hit, retail banks are building up their reputations (to “average”): These are the UK’s most and least trusted lenders | City A.M. May 31, 2017 The reputation of UK retail banks is growing, with Nationwide, Virgin Money and Halifax leading the way. But Royal Bank of Scotland, TSB and HSBC are trailing others in the latest UK RepTrak ranking, compiled by the Reputation Institute. The figures, based on more than 35,000 UK customer ratings collected in the first quarter of [...]
Metro Bank says it will create 900 new jobs in 2018 February 9, 2018 Metro Bank today said it will create almost 900 new jobs over the course of 2018 as it swims against the tide of big bank branch closures. The challenger bank's plans contrast with those of Lloyds, the largest UK retail banking operation, which this week said it will cut 900 jobs, moving half that number [...]
London Stock Exchange Group appoints Goldman Sachs veteran David Schwimmer as its new chief executive April 13, 2018 The London Stock Exchange Group (LSE) has appointed David Schwimmer, a longtime Goldman Sachs banker, as its new chief executive. Schwimmer will join the group on 1 August, succeeding Xavier Rolet, who left amid a bitter public row with an investor to oust the group’s chairman, which was sparked by the announcement in November 2017 [...]
RBS’s return to profit welcome but will taxpayers ever see their £45bn? February 27, 2018 On Friday, Royal Bank of Scotland (RBS) reported its first annual profit in a decade. The profit was seen as a “really symbolic moment” by the bank’s chief executive, Ross McEwan, and it is significant as the bank is still 72 per cent owned by the taxpayer. RBS reported a pre-tax profit of £752m for [...]
What’s the biggest opportunity for UK fintech after Brexit? Here’s what those in the know say ahead of the Innovate Finance Global Summit April 10, 2017 Six experts give their opinion on what the biggest opportunity for UK fintech us after the vote to leave the EU. Mike Laven, CEO Currencycloud Continued international investment in UK businesses, such as ours, indicates faith that the UK continues to be the epicentre of fintech. Entrepreneurs are the masters of dealing with a changing [...]
Bitcoin price (BTC) is yo-yoing February 11, 2018 Bitcoin continues to yo-yo after a particularly rough month for the notoriously volatile cryptocurrency, The price dipped back below $8,000 on Sunday morning after briefly surpassing $9,000 earlier on Saturday, the latter being a week high. Bitcoin has lost more than half its value since hitting an all-time high of more than $19,000 at the [...]
Goldman Sachs mulling sale and leaseback of new London headquarters February 26, 2018 Goldman Sachs is considering selling its massive new headquarters in London and leasing it back. The investment bank’s new London office, which functions as its European headquarters, could fetch as much as £1bn, Bloomberg first reported. Goldman currently employs more than 6,000 staff in London, and has not announced how many, if any, jobs will [...]
Interserve rescue plans boosted by white knight’s £140m debt trade | City A.M. March 4, 2018 A Scottish brewing tycoon has snapped up £140m of Interserve’s bank debt in a bid to save the troubled outsourcer. Multi-millionaire Punch Taverns founder Alan McIntosh has hoovered up debt on secondary markets from the likes of Barclays and Lloyds through family office investment fund Emerald Investment Partners. Keen to reduce their exposure to the [...]
From PwC’s chair to the boss of Vodafone: Here are the top 30 men helping to tackle gender inequality in the workplace March 10, 2017 Lloyds Banking Group’s chief executive of commercial banking and the chairman of PwC have been named among the top 30 men challenging the status quo and promoting gender equality in the workplace. The Women’s Business Council and Management Today have revealed their 2017 Agents of Change, listing 30 male leaders who are actively working alongside women [...]
The new voice of British banking: UK Finance launches today with new board members revealed July 3, 2017 The British finance industry will be publicly represented from today by a single new body, UK Finance, after the merger of six separate lobby groups. The new body, which officially starts operations today at Angel Court, behind the Bank of England, will represent over 300 British firms providing credit, banking, markets and payments services. The [...]