FINANCEFREE

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...

NAB systems down again!

NAB systems down again!

To misquote Lady Bracknell ‘To lose one’s systems once may be regarded as a¬†misfortune. To lose your systems twice looks like carelessness!”. National Australia’s systems went down again earlier today (their afternoon) taking out...

Why the FSA RBSG report is like the Iraq Inquiry

Why the FSA RBSG report is like the Iraq Inquiry

Since the FSA cleared RBSG executives of any wrong doing last week, following an eighteen month inquiry led by PwC, there has been mounting pressure from (surprisingly) the RBSG executives, politicians, the public and the...

Is Asia the new marmite?

Is Asia the new marmite?

RBSG has announced that it will be withdrawing from retail and commercial banking in China, but still sees China as an important market for investement and corporate banking. So anxious is it to exit...