Friday, August 13th, 2010
David Vine, CEO of GlobalExpense, believes that financial services companies are both missing a trick to save money on the bottom line, and failing to strategically manage their business’s second largest controllable cost, by paying scant attention to their employee expenses system. He cites the firm’s recent Employee Expenses Benchmark ...
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Thursday, May 27th, 2010
The new UK government unveiled its initial plans for the finanical services sector in this week's Queen's Speech. The programme includes a year-long commission to investigate breaking up the banks and how to reintroduce more competition on the High St. New PM, David Cameron, also plans to restore the Bank ...
Posted in Regulation | No Comments »
Thursday, March 11th, 2010
Northern Rock’s results are out. The bank lost £383m last year, compared with £1.36bn in 2008, so it seems it is slowly getting back on a more stable footing. At the start of the year, the Rock was split into two, with savers' money held by a so-called ‘good bank’, ...
Posted in bank results, post-crunch reform | No Comments »
Monday, August 3rd, 2009
All the talk of a return of investment banking profits and, controversially, bonuses for traders and staff, was further supported this morning when Barclays announced that its pre-tax profits for the first half of 2009 rose 8% to £2.98 billion, versus the same period last year. The investment banking arm, ...
Posted in Uncategorized | No Comments »
