Search Results for: Scotland
Overall complaints fell by 1.4%, driven by a reduction in complaints related to current accounts and savings accounts. PPI complaints rise
March 31st, 2016
Financial services firms received 2.11 million new complaints between July and December 2015, according to new complaints data published today by the Financial Conduct Authority. Overall, there was a decrease of 1.4% in the number of complaints compared to ...
UBS, Credit Suisse interested in advising on Russia privatization
March 30th, 2016
Swiss banks UBS and Credit Suisse are interested in advising the Russian government on several privatizations as long as the deals do not violate sanctions, three banking sources told Reuters. The banks responded to a request for proposals that ...
R.B.S. Hires Former Barclays Lawyer as General Counsel
March 29th, 2016
The Royal Bank of Scotland said on Thursday that it had hired a top lawyer who used to work at its British banking rival Barclays to serve as its new general counsel. The lawyer, Michael Shaw, served as deputy ...
Sugar tax surprise in Budget – but growth forecasts cut
March 17th, 2016
George Osborne has unveiled a tax on sugary drinks in a wide ranging Budget dominated by gloomier growth forecasts. The chancellor blamed the slowdown on a “dangerous cocktail” of global risks and said the UK had to “act now ...
RBS to cut almost 450 investment banking jobs in UK
March 16th, 2016
Bank announces layoffs, adding that two-thirds of lost roles will move offshore to its operation in India Royal Bank of Scotland is cutting 448 investment banking jobs in the UK, moving two-thirds of them to India. The bank, 73% of ...
Tom Hayes Denied Latest Bid to Appeal Libor Conviction
March 9th, 2016
An appeals court on Tuesday denied a request by Tom Hayes, a former trader at Citigroup and UBS, to ask Britain’s highest court to review his conviction in August for conspiring to manipulate a global benchmark interest rate known as Libor. Mr. Hayes, ...
Worldpay Group earnings climb 8 pct in debut annual results
March 8th, 2016
Underlying earnings (EBITDA) up 8 pct to 406 mln pounds First interim dividend due late 2016 (Recasts, adds share price performance, company comments) British payments processor Worldpay reported an 8 percent rise in underlying earnings to 406 million pounds ...
FCA launches ‘Live & Local’: a new regional programme to help local firms engage with regulators
March 2nd, 2016
The Financial Conduct Authority (FCA) has launched ‘Live & Local’, a regional programme which will include a series of events, workshops and roundtables, taking place across 12 regions in the UK. The programme will help firms in the investment, ...
RBS Plummets as Bank Pushes Out Dividend After Annual Losses
February 26th, 2016
Bank says payouts likely later than first quarter of 2017 Misconduct charges drove 1.98 billion-pound annual loss Royal Bank of Scotland Group Plc said it would take longer than originally planned to resume shareholder payouts after reporting its eighth ...
Barclays to join Apple Pay
January 28th, 2016
Barclays, the last UK holdout against Apple Pay, confirms imminent launch Barclays, the last of the UK’s big banks to join the Apple Pay bandwagon, has confirmed that it will be rolling out the service within the next three ...
