RBS Board Holds CEO Successor Talks
26 May 2013, 15:58 RBS Board Holds CEO Successor Talks Tweet Directors of Royal Bank of Scotland (RBS) have held secret talks in recent weeks about identifying a successor to Stephen Hester, casting...
View ArticleOsborne Strikes Deals On Latest Spending Cuts
28 May 2013, 8:50 Osborne Strikes Deals On Latest Spending Cuts Tweet Chancellor George Osborne has reached provisional agreements on spending cuts for 2015 with seven departments, with an average...
View ArticleResearch and questions can help you snag loan
Small business loans are easier to get than venture capital. Even so, business owners tell me they are looking for venture capital because they have been rejected by a lender. Being turned down by one...
View ArticleUAB to offer door-to-door corporate banking soon
Sharjah-based United Arab Bank, or UAB, will be rolling out Door-to-Door Banking, a service that will offer several corporate banking transactions to be carried out at client’s premises, a top...
View ArticlePayday Lenders 'Out Of Control', Says Charity
Fresh evidence of "out of control" payday lenders failing to act responsibly and hounding people for money has been released by a debt advice charity. Citizens Advice said it had seen cases in recent...
View ArticleSmall not seen as so beautiful by banks
Attempts to woo smaller businesses are seen as half-hearted, say experts "Going micro" has become a trend for Chinese banks as they change their approach to business. The term "client sinking" is the...
View ArticleHSBC, StanChart Offer Dim Sum Bonds in Singapore’s First Sales
HSBC Holdings Plc (HSBA) and Standard Chartered (STAN) Plc are offering yuan-denominated bonds in Singapore in the city state’s first sales of Dim Sum debt. HSBC, Europe’s biggest bank, is marketing...
View ArticlePayday lenders 'out of control'
Citizens Advice said it had seen cases in recent months which included payday lending to people who were aged under 18, had mental health issues or were drunk when they took out the loan. The findings...
View ArticleEarnings Analysis
MUMBAI: Private banks continued to outshine their public sector peers on both profitability and asset quality, highlighting yet again poor risk management and recovery of the government-owned lenders,...
View ArticleBank loan ETFs in demand for yield, rate cushion
Story Highlights Search for yield boosts interest in bank loan ETFsCombination of above-average yield and protection against rising interest ratesBank loans are speculative, non-investment grade...
View ArticleUPDATE 1-UK Stocks-Factors to watch on Tuesday, May 28
LONDON May 28 (Reuters) - Britain's FTSE 100 index is seen opening up 48 to 57 points, or as much as 0.9 percent higher on Tuesday, according to financial bookmakers, with futures firming by 1 percent...
View ArticleCompany report: Montupet - firmly on the road to recovery
Montupet (UK), based in Dunmurry, is a wholly owned subsidiary of a French company of the same name. The factory specialises in the manufacture of aluminium vehicle engine components for which it has...
View ArticleEurope’s Banks Turn to U.S. Subprime For Salvation
The U.S. mortgage bonds that were exported around the globe and triggered the worst financial crisis since the Great Depression are now helping Europe’s banks and governments repair balance sheets...
View ArticleRoger Davis to replace Neil Summerson as chair of Bank of Queensland
BANK of Queensland has appointed former investment banker and prominent company director Roger Davis as chairman, as the regional lender fine tunes its strategy for growth. After in December flagging...
View ArticleUK Stocks-Factors to watch on Tuesday, May 28
LONDON May 28 (Reuters) - Britain's FTSE 100 index is seen opening up 48 to 57 points, or as much as 0.9 percent higher on Tuesday, according to financial bookmakers. For more on the factors affecting...
View ArticleTuesday Papers: Disparities in council pension fund fees
Top stories Financial Times: Huge disparities in fees paid by local authority pension funds to their fund managers have been revealed by Financial Times research, with some councils paying three times...
View ArticlePRESS DIGEST - Sunday British business - May 26
LONDON May 26 (Reuters) - British newspapers reported the following business stories on Sunday: The Sunday Times: FOUNDERS TO GRAB ENRC ON THE CHEAP Kazakhmys, the largest investor in ENRC, has fallen...
View ArticleFDIC continues to pursue repayment for bank failures
The Federal Deposit Insurance Corp. continues to target Southwest Florida bankers whose financial institutions crumpled during the recession and its aftermath. In the latest case, the FDIC is suing 10...
View ArticleRBS to shut 23 retail and commercial branches in India
Mumbai: Royal Bank of Scotland (RBS) has said it will close 23 of its 31 branches in India by the end of the year to focus only on big cities. "As part of the strategic business decision, it (RBS) has...
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