FSA could win veto on mega-takeovers December 11, 2011 THE City regulator could be given new powers to veto bank takeovers after the publication today of a controversial report into the collapse of RBS. The recommendation, believed to be included in the 500-page document prepared by the Financial Services Authority (FSA), is designed to prevent a repeat of the RBS-led €71bn (£49bn) takeover of [...]
MP triumphs as watchdog is set to publish and be damned December 11, 2011 MORE than a year after the City regulator released a paltry 298-word statement summarising its investigation into RBS, the publication today of a fuller report marks a victory for Andrew Tyrie, the chairman of the Treasury select committee. Tyrie led the public outcry when, last December, the Financial Services Authority cited legal reasons and refused [...]
The rugby international who turned business star December 8, 2011 MULTI-TALENTED Sir Bill Gammell played international rugby for Scotland before employing his competitive skills in the business world. The well-connected entrepreneur attended Fettes College in Edinburgh with former Prime Minister Tony Blair before moving on to the University of Stirling, where he obtained a BA in Economics and Accountancy. Gammell’s talents also stretched to the [...]
Helping Scottish rugby on and off field December 8, 2011 TOMORROW we face Doncaster Knights at the Richmond Athletic Ground (3pm kick-off) in what can only be described as a must win encounter. We were very disappointed with the result against Cornish Pirates last weekend. I feel we were on the end of a backlash from the Pirates’ defeat in their previous game, ironically against [...]
PROPERTY NEWS December 8, 2011 CITY IS BOOMING, SAYS REPORT Knight Frank has added the City of London and the City Fringe to its Prime London index, which includes neighbourhoods such as Knightsbridge, Belgravia, Chelsea and Kensington, citing an uplift in the supply of new high end properties, improved amenities and transport. Prices in the square mile have risen by [...]
Kitty cat wins over awful rom com December 8, 2011 Film PUSS IN BOOTS Cert: U After the grouchy cash monster that was the Shrek series, Dreamworks has quite rightly laid the franchise to rest, instead focusing on the series’ most interesting character: a small cat who looks cute but kicks arse. It may well have been a disaster, but thankfully there are enough gags [...]
WHAT THE OTHER PAPERS SAY THIS MORNING December 7, 2011 FINANCIAL TIMES DUBLIN IS URGED TO SELL NAMA AS A SINGLE ENTITY A secret report into the operations of Ireland’s National Asset Management Agency, the state agency set up to purge Irish banks of their toxic property loans, has recommended that the government should consider selling it off as a single entity. FINANCING PROBLEMS WEIGH [...]
City wealth manager adds to our appeal December 6, 2011 THERE is more good news for City A.M.’s Christmas appeal with the addition of a generous personal gift from Greg Knight (pictured), practice principal at City wealth manager Welbeck Group today. Knight’s significant donation takes our total to an incredible £200,000 after only two weeks of fundraising. Knight, a former London Scottish rugby player who [...]
Banks, businesses and unions give their views on the Autumn Statement November 29, 2011 THE BRITISH BANKERS’ ASSOCIATION The BBA is the leading trade association for the UK banking and financial services sector, speaking for over 200 member banks DIRECTOR GENERAL ANGELA KNIGHT “This Autumn Statement makes a serious addition to the large sums already being lent to the business community by the banks. With the Eurozone crisis putting [...]
CROYDON November 24, 2011 SAFFRON SQUARE Price: From £182,500 for one-bedroom to £640,000 for three-bedroom with balcony Saffron Square will be over 22,000 square feet of new apartment and retail buildings, all set in a new public square, landscaped and with water features. There will be 715 one-, two- and three-bedroom apartments. Contact Knight Frank on 020 7861 5499 [...]