Banks profiting from rate rises boost luxury concierge firm Ten Lifestyle November 22, 2023 UK banks profiting from soaring interest rates has helped boost earnings at luxury concierge platform Ten Lifestyle to record levels, the firm said today. The firm, which counts Coutts and St James’s Place as clients, works with a host of corporate customers to help organise everything from hotel upgrades to reserving tables at top restaurants. [...]
HSBC share price slides after RBC downgrades stock November 22, 2023 Shares in HSBC fell as much as 1.8 per cent today after RBC cut its recommendation on the stock, forecasting a $5bn headwind from falling interest rates.
Banking giant warns of bonus cuts if staff work from home too often November 22, 2023 A banking giant has demanded slow to return staff get back to the office - and bonus packages will be cut if they work from home too often
Intermediate Capital to join London’s FTSE 100 after share price surged a third this year November 22, 2023 Asset manager Intermediate Capital Group is set to join London's blue-chip FTSE 100 index in December, following a more than 33% rally in its share price so far in 2023, indicative changes announced by FTSE Russell showed.
City is ‘paying too much attention’ to inflation data, says bank governor November 22, 2023 The Bank of England governor Andrew Bailey further confused the City on the future path of interest rates.
Former Natwest fraud chief left after moonlighting for law firm that brings scam victim claims November 21, 2023 Natwest’s former head of fraud prevention quietly left his role earlier this year after the group found out he was moonlighting at a law firm specialising in bringing scam victim claims against banks.
Savings rates fall for first time in more than two years as banks slash deals November 21, 2023 Fixed savings rates have fallen across the board for the first time in more than two years, according to new data, as inflation cools and the Bank of England hold interest rates.
Coutts appoints Kleinwort’s Fahad Kamal as CIO in latest staff change November 20, 2023 Former Kleinwort Hambros chief investment officer Fahad Kamal has been appointed CIO at the private bank owned by Britain's Natwest, according to a post on LinkedIn on Monday.
Chancellor to allow ISAs to hold fractional shares in effort to boost investment: report November 20, 2023 Chancellor Jeremy Hunt is reportedly set to announce major changes to individual savings accounts in his autumn statement on Wednesday in an attempt to boost investment in UK companies.
Nationwide boss Debbie Crosbie rules out Natwest CEO job November 19, 2023 Nationwide's chief executive Debbie Crosbie has ruled out a move to Natwest as the troubled bank looks for a new boss.