RBS boss Alison Rose sets aside £1bn for female entrepreneurs January 24, 2020 RBS’ new boss Alison Rose today announced £1bn in funding through Natwest to support female entrepreneurs in the UK. Rose will aim to support the creation of 50,000 startups by 2023 by inspiring half a million people to consider starting a business, of whom at least 60 per cent will be women. Read more: Female [...]
RBS’ digital banking chief to step down in coming months January 21, 2020 The chief executive of Bo, RBS’ digital banking platform, is one of a number of executives who will leave the company in the coming months as part of a reshuffle under new boss Alison Rose. Mark Bailie, who was considered a potential challenger to Rose before her appointment in the autumn, will step down just [...]
London job-seekers optimistic after election January 20, 2020 The number of people looking for jobs in the City surged between November and December, according to a new report, suggesting that Boris Johnson’s emphatic election victory could prove a turning point for the Square Mile’s jobs market. However, the rise was not enough to outweigh the bruising effects of a year of Brexit uncertainty, [...]
Provident Financial shares climb after credit card business beats expectations January 15, 2020 Shares Provident Financial rose today after the subprime lender said its credit card business, Vanquis Bank, performed “modestly above expectations” in the fourth quarter. Provident Financial led the FTSE 250 index risers on Wednesday, with shares up as much as 5.85 per cent to 446.6p by lunchtime. Read more: Non-Standard Finance abandons offer for Provident [...]
Increasing capital: London economy pulls away from rest of UK in December January 13, 2020 London’s economic performance was “head and shoulders” above the rest of the country in December, survey data has shown, while the capital’s businesses were cheered by the emergence of some political certainty. London was the only British region where output grew in December, with firms hiring at the fastest rate since July, the data from [...]
Monzo co-founder quits fintech bank – to farm alpacas January 10, 2020 Monzo co-founder Paul Rippon has quit the UK challenger bank he helped begin so he can spend his time farming alpacas. Rippon, a veteran of the banking sector who has also worked at Starling Bank, will leave his role as deputy chief executive of Monzo “to go and enjoy life” with his alpacas. Read more: [...]
Farmland-focused investment trust eyes $300m UK float December 19, 2019 An investment trust focused on farmland has set out plans to float in London, aiming to be the UK’s first listed trust offering investors direct access to the asset. The Global Sustainable Farmland Income Trust is seeking to raise $300m from investors to purchase “a diverse portfolio” of farmland around the world. Read more: RBS [...]
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. [...]
London economy outperforms rest of UK ahead of General Election December 9, 2019 London’s economy continued to outperform the rest of the UK in November, survey data has revealed, with the capital’s businesses enjoying a recovery in new orders as the rest of the country struggled. New product releases, increased investment in marketing, and higher demand from US clients were some of the factors behind higher sales, according [...]
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 [...]