Scandal-stricken Credit Suisse pushes through board shake up March 21, 2022 Beleaguered lender Credit Suisse attempted to draw a line under a series of scandals today as it pushed through a board shake up, including the departure of vice chair Severin Schwan.
Competition watchdog rebukes Lloyds and Barclays for potentially misleading consumers March 21, 2022 The competition watchdog has rebuked Lloyds and Barclays today for breaking open banking rules by sharing inaccurate information on the products and services, claiming that both lenders were potentially misleading customers.
Ferry firm ‘tore up PR handbook and flushed every page down the toilet’ March 21, 2022 Communications experts have said P&O’s decision to fire staff was”devoid of decency” and an example of”tearing up the PR handbook and flushing every page down the toilet”. Public relations agency chiefs told City A.M. over the weekend that the way in which P&0 let staff go could give government authorities more of a free hand [...]
North Sea round-up: Harbour Energy announces cash bonanza while Shell keeps Cambo stake March 17, 2022 Harbour Energy, the biggest oil and gas producer in the UK North Sea, has revealed it should generate up to $1.7bn (£1.29bn)
HSBC sets out more ambitious climate targets after pressure from investors March 16, 2022 HSBC has scaled up its climate commitments today after coming under fire from a group of investors convened by activist shareholder group ShareAction.
HSBC dives into metaverse amid shutdown of bank branches March 16, 2022 HSBC is swapping the physical world for virtual reality with plans to build a metaverse amid the closure of dozens of physical bank branches.
HSBC to permanently shutter 69 bank branches after footfall plummets March 15, 2022 HSBC has announced today it will permanently shutter 69 of its bank branches across the country after the pandemic and the rise of digital banking caused usage to plummet.
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ETFs for an uncertain world March 15, 2022 | Sponsored In the past decade, we’ve witnessed a global pandemic and we’ll likely see the fallout from climate change gather pace. Even economics is becoming more unpredictable, with most policy makers and economists being blindsided by the return of inflation to levels not seen in over 30 years. In such a world, investors may want to [...]
Onlookers expect Russia to default on £90m duo international bond repayments March 15, 2022 Onlookers are expecting Russia to default on its foreign creditors, as Moscow seeks to repay two bonds in roubles – which has fallen over 40 per cent against the dollar. It would be the first time this had occurred since the Bolshevik revolution in 1917 under Bolshevik Lenin, The Times first reported. Russia’s economy is [...]