Government did not force Lloyds to buy HBOS, ex-finance chief Tim Tookey tells court October 25, 2017 The government did not force Lloyds TSB to buy HBOS at the height of the financial crisis, the High Court heard today, as the first former Lloyds executive gave evidence in a £550m legal case brought by shareholders. Tim Tookey, who served as group finance director of the bank, told the court: “We were not [...]
Direct Line rings in the changes by poaching Prudential risk chief as new finance head September 8, 2017 Insurer Direct Line has nabbed a top executive from Prudential to be its new finance chief. Penny James will succeed John Reizenstein as Direct Line’s chief financial officer, formally starting the job in March next year. James is currently the Pru’s chief risk officer, having previously worked in a number of positions in the insurance [...]
London Euston reopens after bank holiday disruption – but will close again this weekend August 28, 2018 London Euston station will close again this weekend after its closure over the bank holiday weekend caused disruption for passengers up and down the country. The station will remain closed until this Sunday. It has been closed on certain weekends in August while rail workers carry out repairs on the North Wembley junction, one of the [...]
Deposits jump boosts Metro Bank as profit surge ahead of new London branch openings for challenger in Liverpool Street and Clapham October 25, 2017 Metro Bank announced a 10 per cent rise in deposits during the third quarter as 79,000 new customers joined the challenger, with the bank’s leadership in a confident mood ahead of further expansions. The bank will open five new stores by the end of the year, including branches in Liverpool Street and Clapham, before opening [...]
Global bank fines from financial crisis aftermath could top $400bn by 2020 says report September 27, 2017 Fines for misconduct levied on the biggest banks since the financial crisis by US and EU regulators could top $400bn (£298bn) by 2020, according to a report published today. Authorities in the US and EU have forced the world’s 50 largest banks to pay up $342bn since 2009, according to analysis by consultants Quinlan and [...]
Former Saracens back Ben Ransom is ready to hang up his boots and start a career in the City… but first up it’s the Varsity Match December 5, 2018 At just 26 years old, former Saracens and London Irish back Ben Ransom is ready to trade in a career on the field for one in the City. The former Premiership rugby player is studying for a master's in business administration at the University of Oxford and is preparing to move into investment banking, although [...]
Rental rises on London’s horizon as properties on the market slip while tenant demand swells September 13, 2018 London rents are project to creep back up following months of decline on the back of growing tenant demand and a drop in the number of properties coming onto the market. According to a closely-followed survey from the Royal Institution of Chartered Surveyors (Rics) out today, five per cent more respondents expected rents to rise [...]
Rental rises on London’s horizon as properties on the market slip while tenant demand swells September 13, 2018 London rents are project to creep back up following months of decline on the back of growing tenant demand and a drop in the number of properties coming onto the market. According to a closely-followed survey from the Royal Institution of Chartered Surveyors (Rics) out today, five per cent more respondents expected rents to rise [...]
Royal Bank of Scotland wins strong demand for first post-Brexit CoCo offer August 11, 2016 The Royal Bank of Scotland (RBS) has raised an extra £2bn in emergency capital in the first round of fund raising for a UK lender since the EU referendum. The bank, which performed badly in the recent European Banking Authority (EBA) stress tests, has sold $2.65bn (£2bn) worth of "Contingent Convertible capital notes" – or CoCos – to build [...]
Focus On Westminster: The home of Big Ben hasn’t traditionally been home to many Londoners, but nearby Victoria is changing that January 11, 2019 It is a curious truth that while Westminster may be home to the capital’s most famous icons, from Big Ben to the Houses of Parliament, Westminster hasn’t traditionally been home to many Londoners. Its proximity to the seat of government and its grand offices of state inspired companies to sprout up around it, creating a [...]