Exclusive: Sanctioned Russian bank to vote in City of London Corporation election March 22, 2022 Russia’s second largest bank VTB Bank will get a share of votes in the City of London Corporation election on Thursday, despite being severely sanctioned by the UK government. The powerful local authority allows businesses located in the City to have a certain number of votes, depending on how many staff they have, as only [...]
NatWest to roll out buy-now pay-later credit as demand booms March 22, 2022 NatWest is set to be the UK’s first high-street lender to move into the booming buy-now pay-later market as it rolls out a dedicated product for customers later this year.
Govt threatens P&O Ferries with prosecution if company broke law over sacking of 800 seafarers March 22, 2022 Business minister Paul Scully has warned P&O Ferris could face prosecution if they are considered to have broken the law over the sacking of 800 seafarers. Scully told the BBC’s Radio 4 Today programme: “If they have flouted the notification law where they are supposed to tell the Secretary of State when they are going [...]
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.