by Nehad Kenanie | Mar 10, 2017 | Financial Results, UK, Uncategorised
(10 March 2017 – United Kingdom) The Co-operative Bank has reported an annual loss of £477 million (A$769 million) in 2016 as it continued to be hit by “legacy issues” of the past and rock-bottom interest rates. The latest results are an improvement on 2015, when the...
by Nehad Kenanie | Mar 3, 2017 | Research, Trade Finance, UK, Uncategorised
(3 March 2017 – United Kingdom) Due to its attractive role and importance in corporate off-balance sheet funding, supply chain finance has been attracting intense interest in the last few years, and particularly in relation to the contribution it can make to...
by Nehad Kenanie | Mar 3, 2017 | Lending, UK, Uncategorised
(2 March 2017 – United Kingdom) Virgin Money is considering entering the small business banking market with aid from the Royal Bank of Scotland under new Treasury plans to boost competition in the sector.Speaking to the Financial Time (FT), Virgin Money’s...
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 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...
