Metro Bank nears approval March 2, 2010 Metro Bank, the start-up high street lender backed by US entrepreneur Vernon Hill, is set to be granted a banking licence by the Financial Services Authority (FSA) within days, City A.M. understands. The City regulator is currently at the last stage of the approval process, where the licence is granted subject to final proof of [...]
Court battle for Deutsche in New York September 23, 2009 DEUTSCHE Bank and a banking unit of Saudi Arabia’s Algosaibi family battled in court yesterday over whether to throw out a $74.2m (£45.3m) claim by the German bank, part of a flurry of lawsuits involving billions of dollars and allegations of fraud. New York State Supreme Court Justice Bernard Fried said he expects to rule [...]
Court battle for Deutsche in New York September 23, 2009 DEUTSCHE Bank and a banking unit of Saudi Arabia’s Algosaibi family battled in court yesterday over whether to throw out a $74.2m (£45.3m) claim by the German bank, part of a flurry of lawsuits involving billions of dollars and allegations of fraud. New York State Supreme Court Justice Bernard Fried said he expects to rule [...]
Metro Bank in hiring drive February 22, 2010 METRO Bank, the new high street lender set up by US billionaire Vernon Hill, has selected a team of City veterans as non-executive directors to beef up its board, ahead of an imminent final decision from the Financial Services Authority (FSA) on its banking licence. The bank – which is led by Financial Services Forum [...]
RBS moves to cut overdraft charge in half September 7, 2009 ROYAL Bank of Scotland has broken ranks with competitors by slashing charges on customers who go overdrawn without agreement or exceed their overdraft limit. From 1 October, RBS and subsidiary NatWest will slash the fee for returning a cheque, direct debit or standing order to £5, while the fee for paying an item on an [...]
RBS moves to cut overdraft charge in half September 7, 2009 ROYAL Bank of Scotland has broken ranks with competitors by slashing charges on customers who go overdrawn without agreement or exceed their overdraft limit. From 1 October, RBS and subsidiary NatWest will slash the fee for returning a cheque, direct debit or standing order to £5, while the fee for paying an item on an [...]
These are the judges who will name the stars of 2010 March 14, 2010 CITY A.M. is looking forward to another scoop later this year: our first-ever awards ceremony where we will be celebrating London’s financial and business community and its most succesful individuals and firms. Our newspaper is delighted to be hosting and organising the awards in partnership with Interactive Investor; we are proud that our awards will be [...]
Honduras coup against Zelaya June 28, 2009 Honduras President Manuel Zelaya was arrested and removed from power in a raid yesterday by soldiers, after refusing to obey a Supreme Court ruling against holding a constitutional referendum. The leftist called the coup a kidnapping and insisted he was still president. US president Barack Obama expressed deep concern about the Central American state.
Live above the rooftops in City’s sleekest building March 18, 2010 THE Heron, the City’s first residential development in 30 years, will be second to none, from Hong Kong to LA, in terms of style, views and overall quality of design and finish. This assertion is made in a matter of fact way by Lisa Ronson, head of marketing at The Heron’s mothership, Heron International, and [...]
Chrysler and Fiat seal their partnership June 10, 2009 ITALIAN carmaker Fiat and Detroit giant Chrysler said yesterday their ambitious partnership deal is now in action, a day after the US Supreme Court gave it the go-ahead. The tie-up will see Fiat chief executive Sergio Marchionne become the new head of Chrysler. In a message last night to his new employees he said he [...]