Lloyds names interim chief executive November 21, 2011 Lloyds Banking Group has said it expects chief executive António Horta-Osório to be back in his job by the end of the year, but also named an interim group chief executive should the planned return fall through. In a statement, the bank said Horta-Osório was making “good progress in his recovery” from fatigue due to [...]
MEET THE ADVISERS November 17, 2011 TADHG FLOOD AND JAMES ARCULUS DEUTSCHE BANK ITS latest mandate advising UK Financial Investments and Northern Rock on the bank’s sale to Virgin Money is one in a string of government deals secured by Deutsche Bank. Most notably, Deutsche made hay advising HM Treasury during the bail-outs of Lloyds, Halifax Bank of Scotland and RBS in [...]
FSA vows no repeat of ABN Amro fiasco December 12, 2011 THE CITY regulator has vowed to get “deeply into the guts” of any future financial services takeover on the scale of Royal Bank of Scotland’s acquisition of ABN Amro. Chairman Lord Turner said the Financial Services Authority would take a far more proactive approach today to the €71bn (£47bn) takeover of the Dutch bank, led [...]
Commodities spur FTSE 100 gains as banks bounce bank January 10, 2012 COMMODITY stocks led the FTSE 100 top share index higher yesterday, after Alcoa kicked off the US earnings season with an upbeat outlook and data from China lifted sentiment, while retailers rallied after some encouraging updates. London’s blue chip index rose 84.44 points, or 1.5 per cent to 5,696.70, making up for the 1.5 pe [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 24, 2012 FINANCIAL TIMES WATCHDOG TO PROTECT IRRATIONAL INVESTORS Investors cannot be counted on to make rational choices so regulators need to “step into their footprints” and limit or ban the sale of potentially harmful products, the head of the UK’s new consumer protection watchdog said yesterday. In his first big interview since starting work last autumn, [...]
CITY MOVES | WHO’S SWITCHING JOBS December 6, 2011 Callatay & Wouters Callatay & Wouters, which provides IT solutions to retail, private and direct banks, has appointed Diederik Van Der Linden to the new position of sales and marketing director. Van Der Linden, who specialises in retail and private banking, joined the company in 2001 to lead the international business development team, before becoming [...]
CITY MOVES | WHO’S SWITCHING JOBS December 6, 2011 Callatay & Wouters Callatay & Wouters, which provides IT solutions to retail, private and direct banks, has appointed Diederik Van Der Linden to the new position of sales and marketing director. Van Der Linden, who specialises in retail and private banking, joined the company in 2001 to lead the international business development team, before becoming [...]
3i lining up bid for Edinburgh Airport December 18, 2011 PRIVATE equity house 3i has lined up a bid to buy Edinburgh airport from BAA. London-listed 3i, whose investments have been buffeted by global turmoil, has joined forces with pension fund manager the Universities Superannuation Scheme (USS) and fund manager M&G to make an offer. Any deal would be done through the separately listed 3i [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 9, 2012 FINANCIAL TIMES RBS TO PRESS ON WITH BONUSES Royal Bank of Scotland is determined to press ahead with plans to pay out promised bonuses to investment bank boss John Hourican and other top staff, despite growing rhetoric from the government about excessive pay. RBS, which is 83 per cent owned by taxpayers, has long been [...]
WHAT THE OTHER PAPERS SAY THIS MORNING January 9, 2012 FINANCIAL TIMES RBS TO PRESS ON WITH BONUSES Royal Bank of Scotland is determined to press ahead with plans to pay out promised bonuses to investment bank boss John Hourican and other top staff, despite growing rhetoric from the government about excessive pay. RBS, which is 83 per cent owned by taxpayers, has long been [...]