NHS sends out 650,000 text messages and 50,000 letters in fresh drive to get Covid booster jabs into Brits’ arms December 29, 2021 The NHS will be sending around 650,000 text messages and 50,000 letters to people who have not yet received their top-up dose, encouraging them to roll up their sleeve and have a “jabby new year”. The efforts are part of a fresh drive to get Covid booster jabs into arms to protect against the fast-spreading [...]
Royal Bank of Scotland chief executive Ross McEwan calls for small business lending regulation October 9, 2018 The chief executive of the Royal Bank of Scotland (RBS) has called for small business lending to be regulated in the UK, despite avoiding disciplinary action for the mistreatment of SMEs by the bank's Global Restructuring Group (GRG). The lack of oversight for SME lending allowed RBS to dodge punishment by the Financial Conduct Authority this year, despite a report by the [...]
Lloyds gives staff at risk stay of execution during coronavirus pandemic lockdown April 27, 2020 Lloyds Banking Group has given staff in redundancy an extra month of breathing space during the coronavirus lockdown. The bank said last month it would pause plans to cut 780 jobs during the crisis. However, those already going through the redundancy process faced an unknown fate, with one source telling City A.M. they feared Lloyds [...]
Boss of £775m Royal Bank of Scotland competition payout confirms Santander UK is in running September 27, 2018 The head of a scheme to pay out £775m from Royal Bank of Scotland (RBS) to boost banking sector competition today confirmed that Santander UK and other large lenders are in the running for multi-million-pound award, in spite of criticisms from rival banks. The scheme, designed by the Treasury but run independently by Banking [...]
Bank North bags fresh licence in its bid to localise the future of banking August 25, 2021 Bank North has secured a banking licence from the Bank of England as it looks to target northern cities with regionally focused lenders. The upcoming lender will open in October to small businesses in and around Greater Manchester, with plans to start taking retail deposits next year. The bank’s boss Jonathan Thompson explained that Bank [...]
City Moves: Who’s switching jobs in the Square Mile today? April 6, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Guinness Global Investors Guinness Global Investors has appointed two leads to its London office. Patrick Healey, who joins as head of operations, from Kepler Partners, and has held a handful of roles at Deutsche Bank, RBC, Nomura [...]
Treasury set to overhaul coronavirus loan scheme to avoid insolvencies April 1, 2020 The chancellor Rishi Sunak is reportedly set to overhaul the government’s emergency coronavirus loan scheme over concerns that small and medium sized businesses may go bust before they can access the funds. Sky News reported Sunak is set to announce that the requirement for banks to assess whether companies are eligible for other funding products [...]
The Square Mile and Me: JM Finn’s Hugo Bedford on crayfish hi-jinks, David Mayhew and hopes for 2023 March 2, 2023 Every week we ask the City’s highest flyers what they’ve learnt in the Square Mile – and what fun they had climbing the ladder. This week, it’s wealth manager JM Finn’s chief executive Hugo Bedford – on his early days in the Square Mile, why he admires David Mayhew and one particularly raucous lunch What [...]
London’s City University scraps Cass name from business school over slavery links July 6, 2020 London’s City University has dropped the name of its Cass Business School over its 18th-century namesake’s links to the slave trade. The school, which frequently ranks in the world’s top MBA programmes, today said it will be renamed City’s Business School after a unanimous ruling from its shareholders found the name was “incompatible with City’s [...]
Storm Arwen: Heavy snow writes off Burnley v Tottenham Hotspur Premier League match November 28, 2021 Today’s scheduled Premier League match between Burnley and Tottenham Hotspur has been called off due to heavy snow related to Storm Arwen. The game at Turf Moor was due to kick off at 2pm but the decision to postpone the fixture was announced 50 minute beforehand. “In these conditions it is not football. I want [...]