Category: Financial

Citi plans to wake the sleeping parrot

Citi plans to wake the sleeping parrot

The FT reports today that Citi is planning to resuscitate its retail presence in Europe by opening flagship stores in the UK, France and Germany. Just as with the Norwegian Blue in the Monty...

Ever Eastward for HSBC

Ever Eastward for HSBC

Last week HSBC announced what was the first of what is expected to be a number of changes to the executive management of the Group following the announcement of Stuart Gulliver as the new CEO. As...

Was PwC able to objectively evaluate RBSG for FSA?

Was PwC able to objectively evaluate RBSG for FSA?

The Financial Services Authority today announced that they were closing their supervisory investigation into the Royal Bank of Scotland Group, as one of the UK banks that required partial taxpayer bailout support. The FSA...

There's no such thing as free banking

There's no such thing as free banking

John Varley, the outgoing CEO of Barclays, yesterday at the Independent Commission on Banking public meeting said that ‘It is possible that free-if-in-credit banking is a structure that has outlived its time.’ He described...

Standard Life has a Victor Kiam moment

Standard Life has a Victor Kiam moment

Standard Life has announced today that it is to buy Focus Solutions, the financial services products and consultancy business. Victor Kiam, for those old enough to remember, used to go on television saying that...

Bank of Ireland follows NAB in systems crash

Bank of Ireland follows NAB in systems crash

You might think it was catching, but following National Australia’s payments systems crash (which has still to be completely resolved two weeks after ocurring – see “These things happen” says NAB CEO after payments...