Flying high: Former RBS and RSA boss Stephen Hester to be next Easyjet chairman August 23, 2021 City heavyweight Stephen Hester, who led RBS and insurer RSA, has been named the next chairman of budget airline Easyjet. Easyjet this morning named Hester as its director and chair designate. Hester will join the Board as a non-executive director on 1 September and then he will succeed John Barton as the airline’s chair on [...]
Flying high: Former RBS and RSA boss Stephen Hester to be next Easyjet chairman – CityAM : CityAM August 23, 2021 City heavyweight Stephen Hester, who led RBS and insurer RSA, has been named the next chairman of budget airline Easyjet. Easyjet this morning named Hester as its director and chair designate. Hester will join the Board as a non-executive director on 1 September and then he will succeed John Barton as the airline’s chair on [...]
Locked out: Sky broadband outage hits online banking apps August 20, 2021 A string of online banking apps, including HSBC and Santander, all experienced malfunctions this morning, which was down to a Sky broadband issue. Hundreds of customers had reportedly been locked out of HSBC, Santander, NatWest, Halifax and TSB apps and online banking websites. The banking app for TSB was also thought to be experiencing an [...]
Digital banks pull ahead of high street rivals in battle for consumers’ wallets August 17, 2021 Digital banks are pulling ahead of their traditional high street rivals in the battle to deliver strong customer services, according to findings from the competition watchdog. The Competition and Markets Authority found that Monzo, Starling Bank and First Direct are the top banks for customer service in Britain. The CMA conducted a survey of 1,000 [...]
Convicted Libor rigger unable to open a bank account after prison term August 16, 2021 Tom Hayes, who was convicted for rigging Libor interest rates, has said he cannot get paid after seven banks have barred him from opening an account. The former City trader was found to have acted dishonestly in trying to risk the benchmark interest rate while at UBS and Citigroup between August 2006 and September 2010. [...]
Monzo savings partner pauses products amid money laundering probe August 14, 2021 OakNorth, a Monzo partner that provides savings products for the challenger bank, temporarily withdrew offers for new customers a fortnight after it emerged that the FCA had launched an investigation into the British digital bank over possible money laundering activity. Challenger bank OakNorth, which is one of the lenders that have provided £1bn worth of [...]
Monzo savings partner pulls products amid money laundering probe – CityAM : CityAM August 14, 2021 OakNorth, a Monzo partner that provides savings products for the challenger bank, has temporarily withdrawn offers for new customers after it emerged that the FCA had launched an investigation into the British digital bank over possible money laundering activity. Fellow challenger bank OakNorth, which is one of the lenders that have provided £1bn worth of [...]
Former Woodford-led fund invests in Revolut August 9, 2021 A fund formerly headed by failed money manager Neil Woodford has invested in the UK’s most highly valued privately held tech business, Revolut. Schroder UK Public Private Trust, formerly known Woodford Patient Capital Trust, announced today it had acquired a small stake in the fintech. Read more: Watchdog warns Monzo and NatWest over banking transaction [...]
HSBC bans UK customers from making payments to Binance August 4, 2021 HSBC has announced it will stop UK customers from making payments to Binance, the world’s largest cryptocurrency exchange, “wherever possible.” In a message sent to customers on Tuesday HSBC said, “we’ve taken this decision due to concerns about the possible risks to you. We take our duty as a responsible lender seriously and want to [...]
Pandemic support: Santander UK to rollout cash flow management app for SMEs August 4, 2021 Santander UK has begun rolling out an app that helps smaller companies track their cash flow and invoices, as lockdown gave way to a boom of new small businesses. The app, called CashFlow Manager, will let clients have a ‘single view’ of various account balances and transactions across their different banks. It also analyses each [...]