Co-Op Bank given breathing space on capital requirements by Bank of England body Prudential Regulation Authority November 12, 2015 The Bank of England's Prudential Regulation Authority (PRA) has said the Co-Operative Bank does not need to issue more debt to cover its capital requirements this year. The Co-Op Bank was the only UK lender to fail the BoE's stress tests last year. The minimum capital ratio needed to pass the test was 4.5 per cent; [...]
The Co-operative Bank swerves £120m fine despite being slammed by Prudential Regulation Authority and Financial Conduct Authority for “serious and wide-ranging failings” November 12, 2015 The Co-operative Bank has been slammed by two of the UK's biggest regulators for “serious and wide-ranging failings” over its control and risk management between 2009 and 2013 – but has managed to swerve being fined. The Bank of England's Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) found that the Co-op [...]
Co-op is the most complained about energy company per 100,000 customers between July and September November 11, 2015 It was Co-op that had the most number of complaints per 100,000 customers between July and September, according to the Energy Ombudsman. The figures show Co-op received 135.92 complaints per 100,000 customers during this period, while Scottish Power came second with 89.2 followed by Npower with 71.39. There were 13,212 energy complaints received during this period, taking the total [...]
Halo 5: Guardians review – multiplayer elevates franchise to new heights October 29, 2015 Platform: XBO | ★★★★☆ If you haven’t followed the intricacies of the Halo universe over the past 14 years, you’re never going to catch up now (if you have, I’ve got news for you: you’re old and your best days are behind you). Halo’s plot is labyrinthine and esoteric and, honestly, a bit silly. You’re not [...]
NewRiver Retail eyes a move from Aim to the main market after £54m Punch Taverns deal October 21, 2015 Retail and pub landlord NewRiver Retail said a recent acquisition spree helped assets under management to top £1bn in the second quarter, paving the way for a move from Aim to the main market next year. NewRiver, which owns shopping centres including Regents Court in Leamington Spa and The Martlets in Burgess Hill, said assets [...]
The Co-operative Bank wants to spend £1m growing the UK’s co-operative sector October 16, 2015 It may still be shaking off the effects of a £1.5bn black hole in its balance sheet, but The Co-operative Bank is already looking to the future, after it announced plans for a £1m boost to the UK's co-operative sector. In a statement today, it said it had agreed a three-year partnership with Co-operatives UK [...]
Bank of England and PRA’s new ring-fencing rules “could cost banks five per cent” of their operating budget October 15, 2015 The Bank of England has today laid out further details about how Britain's biggest banks will have to restructure in order to comply with so-called ring-fencing regulations. From 2019, banks with core deposits greater than £25bn will have to separate their retail activities from the riskier parts of the business. The requirements were first set out in the Financial Services [...]
The only way to shoot big game, with wildlife photographer Paul Goldstein September 21, 2015 One June morning I found myself in the back of a mud-splattered four-by-four, the savannah sun beating down upon my head, a torrent of profanities drumming my ears, and a full-grown cheetah eyeing me down the barrel of my Canon lens. As she prowled the long oat grass I struggled to keep her in focus. [...]
Industry view: Improving operational and technology efficiency while building cyber-resilience September 15, 2015 The explosion in fintech start-ups promises to deliver innovation and efficiency to a market that is stultified by established players and legacy systems. Considerable opportunities exist for companies to use fintech solutions to address key operational and technology efficiency challenges, as well as increasing regulation, like the forthcoming revised EU Payment Services Directive (PSD2). But [...]
Consumer shopping sprees keep UK freight trains chugging along September 7, 2015 RISING consumer spending, faster delivery services and a jump in UK car manufacturing has sent the number of goods needing to be sent up and down the country by freight trains steaming ahead, according to new research from Network Rail. In a report published in partnership with Royal Mail and the Co-op, Network Rail said [...]