Barclays shares: Optimists see an opportunity April 29, 2019 | City Talk By Graeme Evans from interactive investor. These results do not impress, but there’s lots going on at Barclays and plenty to interest investors. Without the attention generated by activist investor Edward Bramson, it’s likely that last week’s lacklustre investment banking performance at Barclays (LSE:BARC) may have been passed off as just another quarter blighted by [...]
City watchdog accused of using legal red tape to delay report into RBS GRG unit April 11, 2019 The City watchdog has been accused of abusing legal red tape to delay a report into its controversial decision not to take action against senior individuals within RBS’s rogue unit GRG. Former business secretary Sir Vince Cable said the Financial Conduct Authority (FCA) is using Maxwellisation – a process whereby individuals criticised in an investigation [...]
UK bank shares: A pre-Brexit view March 12, 2019 | City Talk Some UK bank shares have made massive profits for shareholders, but how should you play the sector now? It’s been a few weeks since the last of the big UK-listed banks published results for 2018, and share price performance since has been varied. Brexit, of course, has played its part and, with some lenders up [...]
Nicky Morgan ducks investigation into Treasury role in RBS GRG unit March 10, 2019 Former Cabinet minister Nicky Morgan has ducked an investigation into the relationship between the Treasury and RBS's disgraced global restructuring unit GRG. Morgan, who chairs the Treasury Select Committee, responded to a letter from Sir Vince Cable in which the former business secretary called for a probe into allegations the Treasury may have “actively encouraged” the activities [...]
City watchdog under fire for delaying report into RBS’s GRG unit February 28, 2019 The City watchdog has been accused of delaying a report into its controversial decision not to enforce action against individuals within RBS's disgraced global restructuring unit GRG. One MP has said he expects the report to be a "whitewash" when it is published. The Financial Conduct Authority (FCA) caused widespread dismay last year when it [...]
Sir Vince Cable calls for probe into Treasury role in RBS GRG unit February 13, 2019 Former business secretary Sir Vince Cable has called for an investigation into allegations the Treasury may have “actively encouraged” the activities of RBS’s discredited global restructuring unit GRG. The Liberal Democrat leader has today written to Nicky Morgan, chair of the Treasury Select Committee, to ask that it look into accusations that an executive branch [...]
Pressure mounts on Treasury to publish legal documents on relationship with RBS GRG unit February 12, 2019 Pressure is mounting on the Treasury to release key legal documents regarding its relationship with RBS following allegations it held significant operational control over the bank's disgraced global restructuring unit GRG. Scottish Labour MP Martin Whitfield has lodged a series of parliamentary questions asking for a legal agreement between RBS and the Asset Protection Agency (APA), an [...]
International Investing – the whys and wherefores February 11, 2019 | City Talk In 1926, engineer, inventor and philosopher Nicolas Tesla, said “”When wireless is perfectly applied the whole earth will be converted into a huge brain. We shall be able to communicate with one another instantly, irrespective of distance… and the instruments through which we shall be able to do his will be amazingly simple compared with [...]
RBS shareholders approve scheme to buy shares back from government February 6, 2019 Royal Bank of Scotland shareholders have agreed to a plan that allows it to buy up to £1.5bn worth of shares from the government, hours after Labour said it would halt such a move if it came to power. At a general meeting, 98.7 per cent of investors backed the proposal designed to speed up [...]
Royal Bank of Scotland lines up female interim chief financial officer for permanent role, reports December 18, 2018 Royal Bank of Scotland (RBS) reportedly is on the cusp of shaking up the male-dominated boardrooms of the country’s biggest banks by naming interim chief financial officer (CFO) Katie Murray as its permanent head of finance. The bank is waiting for approval by banking watchdog the Prudential Regulation Authority (PRA) before naming Murray as CFO, [...]