Search Results for: Scotland
Spain’s Banco Sabadell in Talks to Buy Britain’s TSB Group
March 12th, 2015
Spain’s Banco de Sabadell SA is in talks to buy British consumer lender TSB Banking Group Plc for 1.7 billion pounds ($2.5 billion), to expand outside an economy battered during Europe’s financial crisis. Sabadell, Spain’s fifth-biggest bank, is proposing ...
LONDON STOCK EXCHANGE LAUNCHES ‘1000 COMPANIES TO INSPIRE BRITAIN’ 2015
March 9th, 2015
Second edition of landmark report launched; backed by the three major UK political parties Identifies fastest-growing and most dynamic small and medium sized businesses (SMEs) in UK Publication examines opportunities and challenges facing SMEs 50 company CEOs open trading ...
ECB Buying Starts New Era for Bonds, Euro
March 9th, 2015
Currency heads toward parity with dollar; paying to hold debt The arrival of the European Central Bank’s huge bond-buying plan Monday is forcing investors to prepare for the once unthinkable: paying to hold debt issued by the eurozone’s one-time ...
ECB Glimpse of Cyprus Debt Shows Limits of Bank Cleanup
March 4th, 2015
There was a time when a Cypriot on a moderate income could take a gamble on foreign real-estate worth more than his life savings. One banking crash, three and a half years of recession and an international bailout later, ...
Barclays posts ‘messy’ full-year loss as shares fall
March 3rd, 2015
U.K bank Barclays posted a loss in its statutory full-year earnings on Tuesday as it set aside more money for potential fines related to its foreign exchange operations. Adjusted pre-tax profit increased by 12 percent in 2014 to £5.5 ...
Biggest Global Banks Go to Pieces Under Pressure From Regulators
February 27th, 2015
Global regulators have issued dozens of rules aimed at making the biggest banks safer. That’s leading to another result some wanted: making them shrink. HSBC Holdings Plc, Europe’s biggest bank by market value, said this week it’s considering “extreme ...
Banks to allow account access using fingerprint tech
February 18th, 2015
Two banks are allowing their customers to access accounts on their smartphones using fingerprint recognition technology, in a UK industry first. RBS and NatWest customers must activate the feature with their security information, but would only need to use ...
Hodge delivers fresh attack on tax avoidance
February 12th, 2015
Professional tax advisers heard some tough talking from Margaret Hodge MP, chair of the Public Accounts Committee, when she spoke at an ICAS Business Insights event in London on 10 February. The Labour MP for Barking said: “There are too many ...
ICAP to face EU fine over yen cartels
February 3rd, 2015
ICAP faces an EU fine this week for allegedly facilitating cartels on yen-denominated inter-rate benchmarks, as Brussels tackles the holdouts in rate-rigging probes that have already resulted in about €1.7bn in penalties. The world’s largest interdealer broker has strongly ...
RBS to become biggest player in the peer-to-peer lending referral market
January 23rd, 2015
RBS has announced that it is set to give thousands of small British businesses greater access to finance by formally referring customers to both Funding Circle and Assetz Capital. From next week customers, who the bank is unable to ...
