Lloyds stays at the top of bank complaints list February 28, 2011 LLOYDS BANKING GROUP was the most complained-about financial firm during the last six months of last year, after more than 22,000 customers registered a grievance with the Financial Ombudsman Service (FOS). Lloyds, the UK’s biggest bank by customers, was the subject of almost a quarter of the 97,237 new cases lodged with the ombudsman. The [...]
Santander loses a third exec to Lloyds March 22, 2011 LLOYDS chief Antonio Horta-Osorio has poached another top executive off the board he led at Santander UK, completing a clear-out of the execs that headed the bank under his leadership. Alison Brittain, executive director for retail distribution and intermediaries at Santander UK, will join Lloyds in September as head of its Lloyds TSB and Bank [...]
Santander loses a third exec to Lloyds March 22, 2011 LLOYDS chief Antonio Horta-Osorio has poached another top executive off the board he led at Santander UK, completing a clear-out of the execs that headed the bank under his leadership. Alison Brittain, executive director for retail distribution and intermediaries at Santander UK, will join Lloyds in September as head of its Lloyds TSB and Bank [...]
CITY MOVES | WHO’S SWITCHING JOBS April 19, 2011 Travelodge Hotels Travelodge has appointed Gerald Lawless, executive chairman of the Dubai based hotel management company Jumeirah Group, as a non-executive director, effective from 3 May. Lawless has worked for Jumeirah Group, owned by Dubai Holding, since 1997, launching the seven-star Burj Al Arab. Prior to joining Jumeirah, Gerald had a 23-year career with Forte [...]
Cable to look at Lloyds case March 28, 2011 BUSINESS secretary Vince Cable will take legal advice on publishing a dossier that could be potentially embarrassing for his predecessor Peter Mandelson and shine a light on Lloyds TSB’s merger with HBOS, he told City A.M. yesterday. It is the first sign that Cable could push for the release of a document that he called [...]
London counts the cost of protest against cuts March 28, 2011 HSBC has slammed the attacks on its branches during Saturday’s protests as “entirely unjustified,” pointing out that it is one of the UK’s top taxpayers. Branches of Santander and HSBC were boarded up yesterday after black-clad, masked youths smashed their way into branches, where they destroyed fittings and scrawled graffiti. Lloyds TSB was also targeted. [...]
CITY A.M. | SHADOW MPC EDGES CLOSER TO A RISE IN INTEREST RATES April 6, 2011 ALLISTER HEATH | CITY A.M. “With consumer price index inflation of 4.4 per cent and heading upwards, it’s time to end over two years of ‘emergency’ levels of interest rates. The Bank rate should be edged up by 0.25 per cent this month.” SIMON WARD | HENDERSON “Half-point rise. The economy has rebounded solidly in [...]
PM backs the City’s start-up business plans March 28, 2011 DAVID Cameron will today back a campaign launched by over 60 City firms to encourage people to become entrepreneurs. Firms including HSBC, Deloitte, Google, KMPG, BlackBerry, AXA, Coutts, Intel and Lloyds TSB are offering a package of £1,500 to every start-up that participates. Cameron will pledge his full support for the scheme and ask the [...]
PM backs the City’s start-up business plans March 28, 2011 DAVID Cameron will today back a campaign launched by over 60 City firms to encourage people to become entrepreneurs. Firms including HSBC, Deloitte, Google, KMPG, BlackBerry, AXA, Coutts, Intel and Lloyds TSB are offering a package of £1,500 to every start-up that participates. Cameron will pledge his full support for the scheme and ask the [...]
CITY A.M. | SHADOW MPC REMAINS SPLIT OVER RATE RISES March 9, 2011 ALLISTER HEATH | CITY A.M. “Quarter point rise. While not sensational, the business surveys indicate a return to growth for 2011. Rates should be gradually normalised to signal that the Bank is serious about fighting spiralling inflation.” SIMON WARD | HENDERSON “Half-point rise. The MPC’s forecast shows inflation 0.5 per cent above target in two [...]