‘I don’t need banks’: Trump hits back at reports of Deutsche Bank’s red flags May 20, 2019 US President Donald Trump has hit back at reports Deutsche Bank employees flagged suspicious transactions by the president and his son-in-law Jared Kushner. The New York Times reported that anti-money laundering specialists at the bank recommended transactions by legal entities controlled by the pair be reported to a federal crimes watchdog. Read more: Deutsche Bank [...]
Lloyds Bank has more great news for income investors May 20, 2019 | City Talk It already pays a big dividend, but there's even more to like about Lloyds after last week's announcement. Around this time next year, Lloyds Banking Group's (LSE:LLOY) vast army of loyal shareholders will receive their first quarterly dividend. The news, announced last Thursday, will be well-received by the bank's investors who will value a more [...]
Deutsche Bank staff flagged Trump and Kushner activity as suspicious May 20, 2019 Multiple transactions by legal entities controlled by US President Donald Trump and Jared Kushner, his son-in-law, at Deutsche Bank in 2016 and 2017 set off illicit activity alerts on the bank’s system, according to the New York Times. Read more: Trump pardons fraudster media mogul Conrad Black Anti money-laundering specialists at Deutsche Bank recommended the [...]
Monzo hits 2m customer milestone as fintech race heats up May 20, 2019 Digital banking darling Monzo's current account is set to surpass 2m customers today, as it races to catch up with London rival Revolut. The two fintech startups have been locked in an intense race to command market share in the nascent mobile banking sector, as well as to expand overseas. Read more: Monzo to roll [...]
‘People are starting to worry’ about a Labour government under Jeremy Corbyn, says RBS chairman May 18, 2019 The prospect of Jeremy Corbyn leading a Labour government is a concern to UK banks, according to Royal Bank of Scotland (RBS) chairman, Howard Davies. "People are starting to worry," Davies said in an interview with Bloomberg, about what could happen under a Corbyn regime should a general election be called. Read more: Metro Bank shareholder LGIM [...]
Major Metro Bank shareholder Legal and General Investment Management reveals it will vote against chairman Vernon Hill May 17, 2019 Metro Bank shareholder Legal and General Investment Management has revealed plans to vote against chairman Vernon Hill’s re-election, ramping up pressure on the US founder. The top 15 shareholder said it had “long standing concerns” over the bank and would vote against Hill and a number of other directors over independence concerns as well as members [...]
Metro Bank shares surge after £375m emergency capital raise following loans blunder May 17, 2019 Shares in Metro Bank soared this morning after it successfully raised £375m of extra capital as investors backed the challenger bank following a major loans blunder. Read more: Metro Bank raises £375m of capital hours after launching share placing The embattled bank raised more than its target amount of £350m just hours after launching a [...]
Metro Bank raises £375m of capital three hours after launching share placing May 16, 2019 Metro Bank raised £375m of capital just hours after launching a discounted funding round this evening. A spokeswoman confirmed that the embattled challenger bank, which has struggled after a major loans blunder in January, closed the share placing less than three hours after announcing the funding round. Read more: Metro Bank launches £350m share placing [...]
Metro Bank launches £350m share placing at discounted price May 16, 2019 Metro Bank has launched a discounted share placing as the troubled bank taps up investors to raise £350m of capital. The challenger bank, which has struggled following a major loans blunder in January, placed the shares at 500p, a discount on today’s closing price of 536.5p. Read more: Metro Bank shares soar ahead of £350m [...]
Lloyds Bank avoids shareholder revolt over pension pay but faces grilling from Noel Edmonds over HBOS fraud May 16, 2019 Lloyds Bank has avoided a shareholder revolt over pension pay despite MPs accusing bosses of “boundless greed.” Chief executive Antonio Horta-Osorio, Britain’s best-paid bank boss, took home £6.3m last year, which included a pension contribution of 46 per cent – compared to the maximum 13 per cent for other employees. Read more: Lloyds Bank unveils [...]