RBS to select Alison Rose to become first female chief executive August 10, 2019 The Royal Bank of Scotland (RBS) is set to pick Alison Rose to become its new chief executive. Rose will become the first woman to lead one of the UK’s biggest high street lenders and is likely to be named as Ross McEwan’s successor in the coming weeks, Sky News claim. Read more: Outgoing RBS [...]
City Moves for 3 July – Who’s switching jobs at Teespring, OSTC and Perkbox? July 3, 2019 Today’s City Moves includes Teespring, OSTC and Perkbox. Teespring Nick Bell has been appointed official adviser to create and sell commerce platform Teespring. Nick, who will assist the company to expand as a creator-based platform, worked at Snap, and before that was senior vice president of digital products at News Corp. During his time at [...]
UK car industry sees worst month for six years in May, Natwest says June 24, 2019 The UK’s car industry suffered its worst month for business conditions in six-and-a-half years in May, according to a new survey by Natwest, as Brexit and a global slowdown continued to hurt the sector. Read more: Pound falls as UK economy shrinks 0.4 per cent in April British car makers last month saw the steepest [...]
RBS shares jump after Saudi bank merger boosts capital June 17, 2019 Royal Bank of Scotland shares have jumped this morning after the bank said a merger between two Saudi banks would boost its capital and reduce its risk weighted assets by £4.7bn. Saudi Arabia’s Alawwal Bank and rival Saudi British Bank (SABB) completed a merger yesterday, creating the third-biggest lender in the kingdom. Read more: Five [...]
London’s private sector bounces back after weak April June 10, 2019 London’s private sector bounced back last month from a weak April, with firms reporting the first rise in new business in 2019, according to a survey from Natwest. Read more: London takes top spot in future global cities ranking The purchasing managers’ index (PMI) for the capital – which measures the output of the private [...]
City Moves for 10 June – who’s switching jobs at CIMA, Wells Fargo and London Wall Partners? June 10, 2019 Who’s on the move today? CIMA Canadian finance leader Amal Ratnayake has been named 86th president of the Chartered Institute of Management Accountants (CIMA). In May, Ratnayake was also confirmed as chairman of the Association of International Certified Professional Accountants. As CIMA president, Ratnayake will represent 228,000 members and students across the world and be [...]
RBS-backed digital banking startup Loot enters administration May 22, 2019 Loot, the digital current account for students, has called in administrators after it was unable to secure funding following the collapse of a potential sale to the Royal Bank of Scotland (RBS). RBS owned a 25 per cent stake in the fintech firm through Natwest’s digital bank Bo, which is currently under development and invested [...]
From the World Cup to Ashes series and The Hundred: English cricket’s battle for hearts and minds May 21, 2019 With the biggest ever summer of international cricket about to start, featuring a men’s World Cup as well as men’s and women’s Ashes series, the sport faces perhaps its greatest challenge. But will such riches put cricket back in the public consciousness for the first time since 2005? That year’s Ashes series marked the end [...]
EE outage: EE resolves network issue that left users unable to make or receive calls over 4G May 21, 2019 EE customers were struck speechless today as the mobile provider suffered an outage leaving users unable to make and receive calls. Read more: Natwest online outage leaves customers unable to access accounts Voice calls over 4G were not working for thousands of customers this morning, though an EE spokesperson said most users should have seen [...]
Lord’s last One-Day Cup final? MCC head of cricket John Stephenson on Hampshire v Somerset, the domestic 50-over competition’s future and The Hundred May 20, 2019 John Stephenson knows a thing or two about one-day cricket. As a fan, player and now head of cricket at Marylebone Cricket Club, he has watched, participated in and enjoyed the format as it has evolved. As a child his interest was piqued by Gloucestershire’s Mike Procter, who scored 94 in a win over Sussex [...]