05 Aug 2013 @ 06:58
Mr McEwan will replace out going CEO Stephen Hester. The Royal Bank of Scotland Group plc (RBS) announces today that Ross McEwan has been appointed as a Director and Group Chief Executive with effect from 1 October 2013. Mr McEwan joined RBS as the UK Retail CEO in September 2012. Philip Hampton, RBS Chairman said […]
05 Aug 2013 @ 06:55
Research by part of the Lloyds Banking Group The number of first time buyers in the first six months of 2013 was 19% higher than in the same period last year, according to the half-year Halifax First Time Buyer Review. There were an estimated 120,000 first time buyers (FTBs) during January-June 2013, up from 101,000 […]
03 Aug 2013 @ 01:07
How does your salary compare to that of the new RBS (
LSE:RBS) chief executive Ross McEwan? RBS have announced their new chief executive will be New Zealander, Ross McEwan. McEwan will take up his new role and his hefty salary, come October. Currently head of RBS’s UK retail arm, he has only been working for […]
02 Aug 2013 @ 19:16
Pound Sterling – At the start of the week the Pound saw little movement against its most traded peers, but did make gains against the US Dollar. The rise came after the Bank of England released data showing that lending to small UK firms hit a record high in June. To ask a currency expert a […]
02 Aug 2013 @ 00:45
Lloyds Banking Group (
LSE:LLOY) share price closed at 68.47 as July trading came to a close yesterday. The bank released its half-year report at 7:02 this morning. By 8:22 am its share price has reached 72.98. By 10:14 am, it was at 74.41. At 13:00 it had ascended to 74.85. Lloyds’ share price has not […]
30 Jul 2013 @ 20:32
Barclays plc (
LSE:BARC) announced earlier today it will have a rights issue to raise funds needed to fill the gap as a result of new capital quota mandated by the Prudential Regulation Authority (PRA). In a statement, the British bank said it will raise £5.8 billion worth of new shares for its existing shareholders at […]
29 Jul 2013 @ 07:06
Sadly, the news was not posted on a golden easel outside of the Old Lady of Threadneedle Street. HM Treasury has announced that Her Majesty The Queen has agreed, on the recommendation of the Chancellor and Prime Minister, to appoint Sir Jon Cunliffe as Deputy Governor of the Bank of England with responsibility for Financial […]
29 Jul 2013 @ 06:57
Ratings agency downgrades Italian banks. Fitch Ratings has downgraded Banca Popolare di Sondrio’s (BPS) Long-term Issuer Default Ratings (IDR) to ‘BBB’ from ‘BBB+’, Banca Popolare dell’Emilia Romagna’s (BPER) to ‘BB+’ from ‘BBB and Banca Carige’s (Carige) to ‘BB’ from ‘BB+’. The agency has also placed...
26 Jul 2013 @ 19:42
Pound Sterling – At the start of the week the Pound was trading above a two-week high against the US Dollar as the UK awaited the birth of its future King. The currency found support by comments made by Prime Minister David Cameron that taxes could be cut in the near future as the UK economy […]
18 Jul 2013 @ 00:25
My first look at the FTSE charts at midday reminded me of Churchill’s “V for Victory” sign as it resembled the statesman’s forefinger and index fingers raised aloft. The 100, the 250, and the TechMARK all resembled a huge “V” as an early morning slump reversed its course and the indices rose to opening heights. […]
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