Nationwide is most trusted June 25, 2009 NATIONWIDE, the UK’s largest building society, is also its most trusted financial brand, according to Moneywise magazine. The publication’s inaugural Customer Service Awards also saw Swiftcover take the gong for most trusted motor insurer, while Liverpool Victoria was deemed the most reliable home insurer and Legal & General scooped the award for income protection providers. [...]
Lehman Bros bondholders may be owed up to 44bn September 14, 2009 THE trustee holders of collapsed Lehman Brothers’ senior bonds said the debt holders may be owed as much as $73bn (£44bn), after losing their investments when the bank filed for bankruptcy protection a year ago, according to court documents. Wilmington Trust Company claims that holders of the senior debt of the failed bank are estimated [...]
Fears over pace of economic recovery see FTSE stumble August 17, 2009 THE FTSE 100 fell 1.5 per cent by the close yesterday with mining, oil and banking stocks leading the losers, as global markets retracted amid concerns over the pace of global recovery. The index closed 68.96 points lower at 4,645.01, extending losses from Friday when it shed 0.9 per cent and marking its biggest one [...]
THE LONDON REPORT August 5, 2009 The FTSE 100 closed down 0.5 per cent yesterday, after weaker than expected economic data in the US dragged equities lower, with oil producers and miners leading the losers. The index ended 24.24 points lower at 4,647.13, shy of Monday’s close when it hit its best closing level since the collapse of Lehman Brothers late [...]
Glass heads race to be the new finance director at RBS July 5, 2009 ROYAL Bank of Scotland (RBS) is considering the appointment of Simon Glass to replace Guy Whittaker as finance director. Glass, who joined RBS as deputy finance director three months ago from Standard Chartered, is believed to be heading the race to succeed Whittaker, who will part company with the 70 per cent state-owned bank before [...]
Bank decision boosts market as the bankwagon rolls on August 6, 2009 THE LARGE-CAP index closed higher yesterday, driven by strength from banks after the Bank of England (BoE) surprised markets by expanding its quantitive easing plan to £175bn. The FTSE 100 closed 43.40 points higher, or 0.9 per cent, at 4,690.53, after hitting a fresh 2009 intraday high of 4,729.58 following the BoE announcement. The BoE [...]
ABN Amro man vanishes with a pair of shotguns June 25, 2009 THE FORMER chief financial officer of ABN Amro has gone missing and is believed to have taken two shotguns with him. Police have issued an urgent call for information as to the whereabouts of Huibert Boumeester, who was reported missing after failing to show up for a meeting with headhunters on Monday. Boumeester was at [...]
ABN Amro man vanishes with a pair of shotguns June 25, 2009 THE FORMER chief financial officer of ABN Amro has gone missing and is believed to have taken two shotguns with him. Police have issued an urgent call for information as to the whereabouts of Huibert Boumeester, who was reported missing after failing to show up for a meeting with headhunters on Monday. Boumeester was at [...]
Cattles’ loans are extended July 15, 2009 EMBATTLED sub-prime lender Cattles said yesterday it extended the maturity of its £500m banking facilities until the end of the year, although it still has other crippling debts. The business said its syndicate of 22 banks, led by Royal Bank of Scotland, had agreed to give it breathing space by extending the facility, which was [...]
Cattles’ loans are extended July 15, 2009 EMBATTLED sub-prime lender Cattles said yesterday it extended the maturity of its £500m banking facilities until the end of the year, although it still has other crippling debts. The business said its syndicate of 22 banks, led by Royal Bank of Scotland, had agreed to give it breathing space by extending the facility, which was [...]