Coutts appoints Kleinwort’s Fahad Kamal as CIO in latest staff change November 20, 2023 Former Kleinwort Hambros chief investment officer Fahad Kamal has been appointed CIO at the private bank owned by Britain's Natwest, according to a post on LinkedIn on Monday.
Chancellor to allow ISAs to hold fractional shares in effort to boost investment: report November 20, 2023 Chancellor Jeremy Hunt is reportedly set to announce major changes to individual savings accounts in his autumn statement on Wednesday in an attempt to boost investment in UK companies.
Nationwide boss Debbie Crosbie rules out Natwest CEO job November 19, 2023 Nationwide's chief executive Debbie Crosbie has ruled out a move to Natwest as the troubled bank looks for a new boss.
Monzo close to deal with Alphabet for up to £500m funding round: report November 19, 2023 Alphabet, the parent company of Google, is reportedly in talks to acquire a major stake in digital bank Monzo in a boost for Britain’s fintech sector.
Amigo says talks for potential deal fell through – as liquidation looms November 17, 2023 If it cannot find a “viable alternative” there will be nothing left for shareholders and the business will need to be liquidated, Amigo said.
Nationwide posts profits boost as interest rates bolster income November 17, 2023 Nationwide posted a boost in payouts to members in the six months to the end of September as rising interest rates provided a boost to profits.
UK banking industry set to become ‘less competitive’ as taxes surge to new highs November 17, 2023 The banking sector contributed £41bn in the year to March, up £2.2bn from the previous year, according to the annual report from PwC for banking trade body UK Finance.
Close Brothers to increase hiring and acquisitions after hit to market-facing businesses November 16, 2023 Close Brothers has said "unfavourable market conditions" will hit its asset management and market-making divisions in the first quarter of the 2024 financial year, with the merchant banking group planning to hire more staff and make acquisitions to drive growth.
Investec’s UK business sees 41 per cent surge in profit, announces record dividend November 16, 2023 Investec announced in April that its wealth and management division would combine with Rathbones in a £839m tie-up.
Square Mile and Me: Cashplus CEO Rich Wagner on his career journey… and figuring out where the Square Mile was November 16, 2023 Each week we ask a City figure to take a trip down memory lane. Today Rich Wagner, CEO of challenger bank Cashplus, takes us through his career in the Square Mile.