By: Harriet Green

I am City A.M.'s deputy business features editor. I look after the Entrepreneurs page, Alternative Finance and our Office Politics section. I also help out with the Forum, running our daily debate. I have a special interest in distributed ledger technology. Prior to working at City A.M., I ran a social enterprise.

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FCA slaps ban on ex-CIB Partners chief

February 27, 2014

The Financial Conduct Authority (FCA) has banned Arnold Eber, the former chief executive officer of the now-dissolved CIB Partners, from performing any function that relates to any regulated activity in the financial services industry. The regulator found that Eber “lacked integrity”, giving the impression in his conduct that certain bonds were soundly backed assets, when [...]
4 things RBS’s results tell us about its future

February 27, 2014

Despite its ongoing efforts to deleverage and tighten its belt, RBS's results this morning were considerably weaker than expected. Pre-tax loss came in at £8.2bn – a 25 per cent miss versus consensus – and the bank set aside £3.8bn for litigation and PPI mis-selling – one of the things that hit earnings. The woeful [...]
What you need to know before the open

February 27, 2014

Caution’s in the air this morning as nervousness around the deteriorating situation in Ukraine sees investors risk averse. Markets are, therefore, expected to open lower. US markets stayed around all-time highs last night, although there was some notably treasuries buying. Markets will focus on Janet Yellen’s testimony this afternoon, which’ll shed some light on the [...]
£8.2bn loss confirms RBS’s uphill struggle

February 27, 2014

As expected, RBS has reported big losses this morning, as compensation and bad loans continued to plague the lender last year. But results were even worse than expected, with a pre-tax loss of £8.2bn. Analysts had expected a loss of nearer £7bn. Deutsche Bank forecast £6.6bn. Shares have slumped nine per cent on the news, [...]
RSA confirms £775m rights issue as losses increase

February 27, 2014

UK insurer RSA has confirmed it’ll launch a £775m rights issue to bolster its capital position. Following the £200m fraud scandal in its Irish business at the end of last year, former RBS chief executive Stephen Hester (pictured) has been working to move the besieged firm forward. Hester said this morning that the firm’s 2013 [...]
Any Other Business – 27/2

February 27, 2014

JOHN Roberts, chief exec of AO.com likes a good party. The Christmas dos at his white goods empire are notoriously lavish (free champagne, cocktails, beer and Jäger we hear). Roberts claims he’s always thrown a good festive disco, even when the company was much smaller. Well, with that information to hand we should all be [...]
The secret of mutuals: Price beats ethics every time

February 26, 2014

Britain’s building societies are enjoying a boom in new business, as big banks have cut back lending since the financial crisis. Their local, ethical image is often trumpeted as the reason why – they are owned by their customers, a refreshing contrast from those scandal-hit bankers. Certainly they are doing something right. This morning three [...]
Here’s why homebuyers weren’t deterred by US storms

February 26, 2014

Apparently people in the US still buy houses when it’s well below freezing outside, but today's new home sales numbers don't necessarily mean fair skies from here on in for the housing market. The number of new home buyers in the US shot up 9.6 per cent in January to a five-year high – a [...]
Ukraine’s central bank confirms measures to stop capital flight

February 26, 2014

Ukraine’s central bank has put out a statement saying it’ll "take measures to stop capital flight" from the country. Let's just hope nobody starts muttering "capital controls". Stepan Kubiv, the bank’s chairman, also said it wants the International Monetary Fund (IMF) to prepare a financial aid programme, after the government's finance minister said the country's [...]
What you need to know before the US open

February 26, 2014

It looks like US stocks are set to open slightly up today, but with just new home sales figures for January out, it’s not an overly illuminating day for investors looking for more information on the health of the economy. Like a lot of data we've seen over the last few weeks, home sales will [...]

Two top flight clubs in same league to be owned by same firm after major sport decision

Premier League’s smallest stadium gets approval to begin £90m rebuild

This hotel on the Elizabeth Line is 30 minutes from London but feels totally remote

By: Harriet Green

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