City hopes of an early a sell-off of the taxpayer’s stake in Royal Bank of Scotland were dealt a massive blow today as its finance director, Nathan Bostock, was poached by rival Santander UK.
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Wednesday 16 December 2009
Richard Pym has been appointed as chairman of Northern Rock's "bad bank". He was chief executive of Alliance & Leicester between 2002 and 2007 and is chairman of Bradford & Bingley, another nationalised bank.
Wednesday 25 November 2009
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Sunday 07 June 2009
The Treasury is carrying out its own search to find the new chairman for UKFI, the government agency which overseas the shareholdings in the UK's banks, Royal Bank of Scotland and Lloyds Banking Group.
Friday 27 February 2009
The Government agreed yesterday to inject up to £25.5bn of extra capital into Royal Bank of Scotland as part of its plan to insure the stricken banking giant against future losses.
Thursday 05 February 2009
Spanish-owned Abbey National provided some rare good news in the embattled banking sector today as it said annual pre-tax profits lifted by more than a fifth to £991 million.
Monday 19 January 2009
Thursday 11 December 2008
Monday 08 December 2008
Rupert Murdoch's 99-year-old mother, Dame Elisabeth, might strike you as a harmless old dear, but that hasn't stopped her from planting a right hook on her icy daughter-in-law Wendi Deng.
Saturday 29 November 2008
Q. I am one of many Bradford & Bingley shareholders who have lost out through the company's nationalisation. I received 250 free shares, and when asked to contribute to the rights issue paid nearly £200, only to see it wiped out in the nationalisation two months later. I am unhappy with the behaviour of the directors and auditors responsible for the rights issue. The rights issue was made on the basis that the company was a going concern. But it now seems it was not a going concern at the date of the rights issue. The public does not have the same access to information as the directors and auditors, and we could not make a reasonable judgement on the value of the shares. Do shareholders have a valid claim against the directors and auditors? CM, by email.
Tuesday 11 November 2008
Santander, the Spanish bank that owns Abbey National, Alliance & Leicester and Bradford & Bingley's British savings business, bowed to economic pressure yesterday and announced a €7.2bn (£5.9bn) rights issue.
Friday 31 October 2008
They are usually polite. They introduce themselves by their first names, and address you by yours. They assure you at every opportunity that they are there to help you. Then they take you into a nightmare world where all normal standards of behaviour are reversed and nothing is quite what it seems.
Sunday 12 October 2008
Friday 26 September 2008
Ofcom today fined Barclaycard £50,000 for breaching rules on silent and abandoned calls, the regulator announced.
Friday 19 September 2008
Banco Santander, the owner of Abbey, is said to be furious about the Government's decision to waive competition rules for Lloyds TSB's £12bn takeover of Halifax Bank of Scotland. Spain's biggest bank has agreed to buy Alliance & Leicester but would have considered a bid for HBOS instead if it had known the deal might be allowed.
Thursday 28 August 2008
Royal Bank of Scotland's appointment of three banking heavyweights to its non-executive board looks to have appeased critics angered by the bank's losses this year. Some analysts have warned, however, that it is only one step in the right direction.
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