Spurs sweating as Vertonghen needs ankle scan July 24, 2013 TOTTENHAM manager Andre Villas-Boas fears an ankle injury could rule out defender Jan Vertonghen for the first game of the Premier League season at Crystal Palace on 18 August. The versatile Belgian landed awkwardly on a sodden pitch minutes after coming on as a substitute in Spurs’ 3-1 defeat to Sunderland in the Barclays Asia [...]
UK regulator fines RBS £5.6m for incorrect reporting July 24, 2013 The Royal Bank of Scotland has been fined £5,620,300 by the Financial Conduct Authority for incorrectly reporting transactions made in wholesale markets and in some instances failing to report transactions at all. According to the FCA, RBS failed to properly report 44.8m transactions between November 2007 and February 2013 and failed altogether to report 804,000 [...]
What the other papers say this morning – 24 July 2013 July 23, 2013 FINANCIAL TIMES Ex-HSBC banker in frame for RBS job Mark McCombe, a veteran banker with 20 years experience at HSBC, has emerged as the leading external candidate to be the next chief executive of RBS according to people close to the process. Mr McCombe, a Briton who has spent the past year running the Asian [...]
Villas-Boas scotches talk of Bale £50m deal with Real July 23, 2013 TOTTENHAM manager Andre Villas-Boas has reiterated the club have no intention of selling Gareth Bale to Real Madrid this summer, despite reports in Spain that the forward has agreed a bumper €60m (£51.6m) contract to move to the Bernabeu. Uncertainty over the Player of the Year’s future reared its head again yesterday when Spanish newspaper [...]
Lenders and housebuilders summoned for Help to Buy meeting July 23, 2013 CHANCELLOR George Osborne has summoned Britain’s housebuilders and mortgage lenders for a meeting today, to discuss the second phase of the Help to Buy Scheme. The scheme was first launched four months ago and allows people to buy new homes with just a five per cent deposit. The biggest lenders, including Lloyds, RBS, Nationwide and [...]
Benchmarks on the front foot with code of conduct for indices July 21, 2013 FINANCIAL index providers today stuck back at the wave of regulatory interest in the sector by proposing their own code of conduct to improve behaviour in the sector. Indices have been under intense scrutiny since the Libor fiddling scandal emerged last summer, with officials becoming increasingly involved in setting standards for how they operate. Today [...]
Emerging financial centres to watch for a future career July 19, 2013 AS THE world’s leading financial centre, London is one of the best places in the world to work in finance. The Global Financial Centres Index (GFCI) 2013 gives London a rating of 807 – far ahead of rivals New York (787) and Hong Kong (761).But more cities are making their mark, and Richie Holliday of Morgan [...]
What the other papers say this morning – 19 July 2013 July 18, 2013 FINANCIAL TIMES Sheikh in Barclays rescue sells stake The Abu Dhabi sheikh who came to the rescue of Barclays Bank with a £3.5bn capital injection at the height of the financial crisis, has sold his stake in the UK bank. The sale of the seven per cent stake – which took place three weeks ago [...]
LSE shares soar as acquisition boosts revenues July 18, 2013 SHARES in the London Stock Exchange (LSE) topped the FTSE 100 yesterday, rising more than seven per cent after first-quarter revenues at the group beat expectations. Revenues in the three months to the end of June were £249.7m – 39 per cent higher than a year ago when they came in at £179m, and comfortably topping [...]
Inside track: When banks become unwelcome investors in property July 18, 2013 TWO INVESTMENT banks, Goldman Sachs and Deutsche Bank, will for the next few months be keeping a beadier eye than usual on the German property market. The pair have just emerged as holding a combined stake of around 13 per cent in Gagfah, the second-largest owner of German homes, as a consequence of not being [...]