RBS clears out senior leadership at Natwest Markets investment bank December 19, 2019 The chief executive and chief financial officer of Royal Bank of Scotland’s (RBS) underperforming investment bank have stepped down, as new chief executive Alison Rose launches a shakeup of the executive team. The departure of Natwest Markets’ chief executive Chris Marks and chief financial officer Richard Place was announced in a statement on Thursday morning. [...]
UK, US and EU received more Covid vaccines in last six weeks than all of Africa throughout the whole of 2021 December 23, 2021 More doses of Covid-19 vaccines were sent to the UK, EU and US in the last six weeks than African countries received all year, according to new analysis shared with City A.M. this morning. Between 11 November and 21 December 2021, the EU, UK and US received 513m doses of vaccines while countries in Africa [...]
Catriona Matthew on the rise of women’s golf and playing Aramco Team Series Jeddah November 9, 2022 Women’s golf has come a long way since Catriona Matthew first swung a club, thanks in no small part to the trailblazing Scot. When she joined her local club in North Berwick in the early 1980s, prize money was a fraction of that in the men’s game, with just £5,600 on offer to the winner [...]
Unicorn nest: UK hits milestone of 100 $1bn tech companies, more than rest of Europe combined June 20, 2021 The UK tech sector has now 100 UK tech companies valued at $1bn or more, according to new data from Dealroom and Tech Nation, shared with City A.M. this weekend. The UK’s 100th tech unicorn, Tractable, an AI startup building computer vision tools, announced a $60m Series D raise, which takes the company’s valuation to [...]
RBS retail chief to exit after ten years with bank October 20, 2019 Royal Bank of Scotland’s retail banking chief executive is preparing to leave the lender as new boss Alison Rose completes her senior leadership team. Les Matheson, who joined RBS in 2010 and became personal banking chief executive in 2014, is planning to leave the bank in the coming months, Sky News reported. Read more: Alison [...]
‘Nothing but blue skies’: Today could be the hottest day of the year so far May 31, 2021 Today’s Bank Holiday could be the hottest day of the year so far, with temperatures predicted to hit 25C in parts of the UK. Becky Mitchell, a meteorologist from the Met Office, said the mercury could reach 25C today – surpassing the high for 2021 so far, which was set on March 30 at Kew [...]
RBS under fire over fake reviews for new app December 8, 2019 Natwest-owned Royal Bank of Scotland (RBS) has come under fire for writing fake reviews of its new online banking app Bó. Eagle-eyed users noted that a string of five-star reviews, some of which were published months before Bó’s 27 November launch, praised the app for features including design and notifications system. Read more: RBS launches [...]
Banks ‘use fraud warnings to avoid reimbursing victims’ January 24, 2020 Banks are not reimbursing customers who have been scammed because they have been “careless”, despite some signing a voluntary code intended to protect fraud victims, it is alleged. The voluntary industry code introduced in May 2019 was designed to help customers recover life-changing sums lost to fraudsters. However, some of Britain’s biggest banks are refusing to [...]
How challenger banks are revolutionising the sector October 15, 2021 This article first appeared in ICAS’ CA magazine. Three expert CAs tell Karam Filfilan how a new wave of challenger banks are helping to revolutionise the sector, both for consumers and businesses. Read October’s CA magazine now Digital transformation has revolutionised the banking sector over the past decade. Gone are the days of neighbourhood bank branches [...]
Law firm Irwin Mitchell gears up for London stock market float April 9, 2021 Irwin Mitchell is readying itself to float on the London Stock Exchange, in a move the law firm hopes would value it at around £500m. The firm, which offers legal and wealth management services, is working with investment bankers at Rothschild on plans for a potential IPO that could take place this year, Sky News [...]