Hints and tips:
...Although Lloyds is the first high street bank to directly invest in CDFIs, NatWest in 2023 pledged to distribute £900,000 worth of household grants to low income households in partnership with the sector...
...In 2008, just months before its partner was nationalised, Tesco bought out Royal Bank of Scotland — now NatWest — for £950mn....
...Bank of England data published on Thursday showed mortgage approvals rose to a five-month high of 50,100 in November....
...The challenger bank was launched in 2011 when Pollen Street, which was at the time part of Royal Bank of Scotland, bought Whiteaway Laidlaw Bank, which was then rebranded as Shawbrook....
...“There’s a sector-wide malaise, but Barclays suffers from being in a peer group of one in the UK market,” says Richard Marwood, head of UK equities at Royal London Asset Management....
...The practice accounts for some 14 per cent of revenue in the sector, rising to 33 per cent of annual revenue for some firms, according to analysts at the Royal Bank of Canada....
...A small number of traders at Citigroup, Deutsche Bank, HSBC, Morgan Stanley and Royal Bank of Canada unlawfully shared sensitive information, including on pricing and strategies, in chat rooms on Bloomberg...
...Gearing jumped at Southern Water around the time Royal Bank of Scotland (in its own irresponsible heyday) took control in 2003....
...In November, it agreed to sell the division to Royal Bank of Canada for $10bn....
...Worldpay, which was carved out of Royal Bank of Scotland during the financial crisis, had been scooped up by US-based Vantiv for $10.4bn in 2017, after which the US company took its name....
...Taxpayers were forced to spend tens of billions of pounds rescuing Royal Bank of Scotland and Lloyds in 2008 as their funding dried up....
...The move by the FTSE 100 group, which manages £142bn in assets, comes 11 years after Royal Bank of Scotland became the first big high street bank to launch a full-service mobile app....
...Other highs street lenders, including Royal Bank of Scotland and Lloyds Banking Group, were rescued with taxpayers’ money....
...Lloyds has since confirmed the changes applied across its other brands, Lloyds Bank and Bank of Scotland....
...It subsequently acquired the Russian operations of Royal Bank of Scotland in 2015 and the local business of Turkey’s Yapı Kredi in 2017....
...His continued presence at the company raised eyebrows given the scale of the rescue — it was the UK’s biggest taxpayer bailout of a company since government interventions in Royal Bank of Scotland and HBOS...
...For example, having successfully acquired NatWest, Fred Goodwin — then chief executive of Royal Bank of Scotland (RBS) — thought he could repeat the trick with ABN Amro, ignoring evidence that the payoffs...
...An industrial property developer and motorsport enthusiast, Morley is perhaps best known for losing a 2019 lawsuit against Royal Bank of Scotland over a £75mn loan that he spent in part on cars, a yacht...
...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....
...But Stephen Hester, the former Royal Bank of Scotland boss who will take over as chair in December, may still have a repair job on his hands. helen.thomas@ft.com@helentbiz...
...Former Royal Bank of Scotland boss Stephen Hester is to become the chair of easyJet....
...and Rural Affairs within 28 days, despite opposition to the project from environmental groups including the Royal Society for the Protection of Birds....
...This week I travelled to Rochford, a small market town in Essex, to see if a brand new bank on its high street could be the answer. The Bank Hub opened its doors in April....
...She is currently a non-executive director of miner BHP Group and until recently was deputy chair of Lloyds Banking Group. Frew started her career at Scottish Provident and Royal Bank of Scotland....
...AIB’s core business of lending to Irish households and businesses was also put in an unflattering spotlight internationally when Belgian lender KBC and Royal Bank of Scotland announced plans to pull out...
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