Bidding war for state’s banking assets boosts FTSE 100 as financials rally July 8, 2010 BANKS lifted Britain’s top shares yesterday, with Royal Bank of Scotland and Lloyds Banking Group top performers on reports that a new bid vehicle will seek to buy British banking assets. The FTSE 100 index was up 90.63 points, or 1.8 per cent, at 5,105.45, rising for a third consecutive day. It closed up 49.82 [...]
Bidding war for state’s banking assets boosts FTSE 100 as financials rally July 8, 2010 BANKS lifted Britain’s top shares yesterday, with Royal Bank of Scotland and Lloyds Banking Group top performers on reports that a new bid vehicle will seek to buy British banking assets. The FTSE 100 index was up 90.63 points, or 1.8 per cent, at 5,105.45, rising for a third consecutive day. It closed up 49.82 [...]
Lord Levene’s bank eyes up online assets July 11, 2010 LORD Levene and Sir David Walker’s new high street bank plans to scour the market for potential online banking acquisitions after initially launching a bid for a retail branch network. NewBank, which does not yet have an official name, is currently eyeing up state-owned assets put on the block by Lloyds Banking Group and Northern [...]
Lord Levene’s bank eyes up online assets July 11, 2010 LORD Levene and Sir David Walker’s new high street bank plans to scour the market for potential online banking acquisitions after initially launching a bid for a retail branch network. NewBank, which does not yet have an official name, is currently eyeing up state-owned assets put on the block by Lloyds Banking Group and Northern [...]
The late-night bank manager is planning a High Street revolution August 8, 2010 THE revolution in High Street banking has begun. That’s the bold claim of Craig Donaldson, chief executive of Metro Bank, the first addition to Britain’s retail banking scene in 100 years. And ground zero is the corner of High Holborn and Southampton Row, where its inaugural branch opened a couple of weeks ago. “The revolution has [...]
Catlin poised to set up Swiss reinsurer June 29, 2010 London-listed property and casualty insurer Catlin yesterday said it planned to set up a new venture in Switzerland to boost its presence in the European reinsurance market. Bermuda-based Catlin will provide the new operation, Catlin Re Switzerland, with capital reserves of at least $1bn (£662m). Catlin said the new venture would allow it to benefit [...]
Battle of the banks July 8, 2010 SOME OF the City’s most powerful names are gearing up for an almighty bidding battle over state-controlled banking assets including Northern Rock and parts of Lloyds Banking Group. Lloyd’s of London chairman Lord Levene and City grandee Sir David Walker will take on Richard Branson’s Virgin money in a fight to create a new nationwide [...]
European bank stress tests were too soft, analysts say July 25, 2010 LONDON’S stockmarket will give its verdict on the European Union’s bank stress tests today after analysts warned they were not tough enough to give investors real confidence. Only seven of the 91 institutions investigated failed to meet the capital requirements demanded by the Committee of European Banking Supervisors under three “economic shock” scenarios. Five Spanish [...]
Banks boost FTSE past the 5,400 mark after quiet day August 9, 2010 FINANCIAL stocks boosted the UK’s leading share index yesterday, rallying from falls in the previous session following weak US jobs data and supported by energy markers which gained in tandem with crude. The FTSE 100 was up 78.13 points, or 1.5 per cent, at 5,410.52, having closed 0.6 per cent lower on Friday, albeit in [...]
British MBAs look to broaden their horizons overseas September 8, 2010 MANY British people choosing to take an MBA stay in this country, or head to one of the big American schools. There is no doubt that they are prestigious, but in a world that is increasingly tilting to the East, might there be better ways to spend your money? At most British business schools around [...]