Hints and tips:
...Firms contacted by the FCA include insurance companies which also use Capita for their administration services....
...Royal London, another UK life insurer, said Friday it would enter the bulk annuities market in earnest....
...Analysts at Royal Bank of Canada estimate that Close Brothers will be hit with a £200mn redress bill....
...Direct Line was founded in 1985 with £20mn funding from the Royal Bank of Scotland and a mission to cut out insurance brokers and sell insurance directly by telephone. It floated in 2012....
...The outsourcer handles the data of hundreds of private and public sector clients, including the BBC and the Royal Navy....
...Capita is one of the UK government’s largest software and IT services providers, as well as running the London congestion charging zone, collecting the BBC licence fee and overseeing training for the Royal...
...The outsourcer has cyber insurance which covers some of the direct costs relating to the incident....
...In November, it agreed to sell the division to Royal Bank of Canada for $10bn....
...The announcement of the closures comes a day after the bank agreed to sell its Canadian business to Royal Bank of Canada for $10bn....
...It is dominated by a handful of domestic players that includes Royal Bank of Canada, Toronto-Dominion Bank and Bank of Nova Scotia (Scotiabank)....
...The insurance sector will also feature heavily this week with figures from Admiral, Royal London and Legal & General on Wednesday, a day before Aviva reports its numbers....
...It subsequently acquired the Russian operations of Royal Bank of Scotland in 2015 and the local business of Turkey’s Yapı Kredi in 2017....
...However, executives believe Lloyds has an advantage over local rivals such as Royal Bank of Scotland because it is the only lender that still operates a substantial insurance division....
...Email me at citybulletin@ft.com Briefly It is all change in UK plc today....
...Last week, Royal Dutch Shell (RDSB) boosted its quarterly pay-out 38 per cent to 24¢, on top of $2bn in buybacks that will be completed in the second half....
...Turnround specialist Hester, a former chief executive of RSA Insurance, Royal Bank of Scotland and British Land, will succeed John Barton, chair of the carrier for almost nine years, on December 1....
...Former Royal Bank of Scotland boss Stephen Hester is to become the chair of easyJet....
...Royal Dutch Shell, for example, seemed defensive until it suddenly cut its dividend last year....
...Not if you remember Royal Mail becoming Consignia.” Royal Mail spent £2m in 2001 on a botched attempt to change the name of the Post Office to Consignia....
...Royal Dutch Shell is weighing whether to mandate vaccines for employees and fire those who refuse to comply, according to an internal memo sent to the oil supermajor’s executive committee....
...Royal Dutch Shell is reviewing its holdings in the US Permian Basin oilfield for a potential sale, Reuters reported....
...The Royal Liverpool Hospital was due to open in March 2017. More than four years later it remains a building site and a memorial for its original builder, Carillion....
...Hunt is also putting the finishing touches on a life insurance joint venture with Canada’s Great-West Lifeco....
...“Chopping logs is serious exercise,” says the media shy Foley, whose career spans National Australia Bank, Hill Samuel, the British merchant bank, and the UK’s Prudential insurance group....
...Over the next 11 years, the pair set about selling the bank’s insurance business and US investment bank, while doubling down on investment management....
International Edition