White collar crime: Blackrock fund star Mark Lyttleton due in court, probably to receive formally hearing date October 27, 2016 NULL
Why you’ll be spending more time on training courses next year October 27, 2016 Workers could find themselves grabbing their notepad and setting their out of office for a day's training more regularly next year, research out today suggests. Nearly two-fifths (39 per cent) of financial executives are planning to spend more on staff development next year, as Robert Half Financial Services also found training and development investment will increase by a fifth [...]
TSB waves away Brexit fears as profits and customers boosted at the challenger bank October 27, 2016 TSB has today announced a massive boost to profits for the year to date, as customers come calling despite the recent Brexit vote. The figures The challenger bank announced statutory profits before tax of £161.6m for the nine months to September, up 229.1 per cent from £49.1m for the same period the year before. Meanwhile, management profit before [...]
Barclays profits boosted for third quarter but PPI rears its ugly head again October 27, 2016 Barclays has today revealed its profits soared during the third quarter of its year, but its year to date is lagging behind 2015. The figures The banking giant announced statutory pre-tax profits of £837m for the three months to September, up 35 per cent from the £619m it revealed for the same period last year. [...]
Deutsche Bank share price down despite surprise profit for third quarter October 27, 2016 Deutsche Bank share price has dipped in early trading, despite announcing today it was profitable in its third quarter of this year, beating analyst expectations. The figures The German bank revealed net income of €278m (£248.2m), a substantial improvement on the €6bn loss it announced for the same period last year. The lender booked a hefty €13.2bn of non interest [...]
From law changes to Lloyds: How the PPI scandal has developed over time October 26, 2016 Lloyds Banking Group today revealed it had put an additional £1bn aside to cover payment protection insurance (PPI) claims it predicted would come its way over the next few years. Here's how we got to today's announcement: 2005: There had been various murmurs from the media that all was not right in the world of PPI selling [...]
New PRA boss says it’s full steam ahead for City red tape despite Brexit October 26, 2016 The new chief executive of the Prudential Regulation Authority (PRA) will say this evening that it will push ahead with enforcing the next tranche of City red tape despite the recent Brexit vote. In a speech at the City Banquet at Mansion House, Sam Woods is expected to say it is "full steam ahead" as far as implementing [...]
Lloyds Banking Group shares recover as profits slide and it puts £1bn aside for PPI claims October 26, 2016 Lloyds shares recovered from a drop this morning, after the bank revealed profits tumbled during its third quarter – and it set more money aside to cover payment protection insurance (PPI) claims. The figures Statutory pre-tax profits dropped to £811m for the three months to September, down 15 per cent from £958m the year before. Net interest income also [...]
City watchdog boss reveals it won’t lighten up on banks after Brexit, as it publishes new consultation to better protect at-risk consumers in ever-changing financial market October 26, 2016 The boss of the City watchdog revealed today he would not back the slackening of banking red tape post-Brexit, as the regulator launched a new consultation to hone its work going forward. When asked if he would support a relaxation of regulation following Brexit to make the UK more competitive, Andrew Bailey, Financial Conduct Authority (FCA) [...]
UK market shows signs of lagging behind for Santander October 26, 2016 Santander has reported something of a mixed bag of results this morning, with growth flattening out on a number of measurements and its UK market showing signs of struggling under the weight of new taxes. The figures Overall profits at Banco Santander were €1.7bn (£1.5bn) for the third quarter of 2016, up one per cent on the same [...]
