Public finance bodies need more clarity, says boss of Reeves’ wealth fund Economics The boss of Rachel Reeves’ flagship wealth fund has admitted British entrepreneurs want more clarity across public finance bodies as concerns rise over the growing number of institutions. Former RBS boss Oliver Holbourn, who the Chancellor appointed last July to lead the National Wealth Fund (NWF), said “people want more confidence in who they’re going [...]
Santander rejected £11bn Natwest bid for UK business Banking Santander rebuffed an £11bn bid for its UK retail banking division from Natwest earlier this year because it was was too low. The two lenders are no longer in negotiations, according to people familliar with the matter cited by the Financial Times, despite consistent speculation about the fate of the Spanish financial juggernaut’s UK business. [...]
BHP: Mining giant which quit FTSE appoints former RBS chief as chair Business Mining group BHP has announced the appointment of former RBS chief Ross McEwan as chair, following the retirement of incumbent Ken Mackenzie at the end of March. Stepping into this role, McEwan will oversee the selection of the mining giant’s next chief executive, as reported by Reuters. He will also consider renewing the firm’s plans [...]