by Nehad Kenanie | Mar 2, 2017 | FinTech, UK, Uncategorised
(1 March 2017 – United Kingdom) Worldpay founder Nick Ogden has launched ClearBank, the first new UK agency and clearing bank to be created in over 250 years.At a press conference in London attended by UK Government ministers, Ogden said that ClearBank is...
by Nehad Kenanie | Mar 2, 2017 | Credit Ratings, New Zealand, Uncategorised
(1 March 2017 – New Zealand) Following the expiration of an unconditional guarantee from its majority stakeholder, New Zealand Post, ratings agency S&P Global Ratings (S&P) has downgraded Kiwibank's long-term issuer credit rating to A from A+.S&P...
by Nehad Kenanie | Mar 1, 2017 | Financial Results, UK, Uncategorised
(28 February 2017 – United Kingdom) Royal Bank of Scotland (RBS) reported a sharp rise in losses as higher misconduct charges and restructuring costs underscored the challenges facing the lender nine years after it was bailed out in the world's biggest bank...
by Nehad Kenanie | Mar 1, 2017 | Asia, Business Development & Expansion, Mergers & Acquisitions, Uncategorised
(28 February 2017 – Asia) Singapore’s largest domestic bank, DBS Group is expanding its wealth management business and expects the segment will account for as much as a fifth of its revenues in a few years as it capitalises on a trend of Asia growing...
by Nehad Kenanie | Mar 1, 2017 | Australia, Executive Changes, Uncategorised
(27 February 2017 – Australia) Former NSW premier Mike Baird has been appointed head of National Australia Bank's (NAB) corporate and institutional banking division. Starting the new role in April, Baird will reignite a banking and finance career that...
