Banking news in the UK | Page 12

An overview of news, trends and research in the Banking industry in the UK:

European retail and SME credit passes 10 trillion mark The retail credit market has seen modest growth since the credit crisis, up 9% from €9.3 trillion in 2007 to €10.1 trillion in 2013. However, since the crisis particularly southern E
26 May 2015
Aon Hewitt advises Lehman Brothers on £675 million pension buy-in Aon Hewitt has helped secure a £675 million buy-in transaction for the trustees of the Lehman Brothers Pension Scheme with Rothesay Life.
15 May 2015
Capco grows UK partner team with banking veteran Capco has added Rob Morgan to its UK-based partner team. Morgan brings in-depth banking and advisory experience to the business and technology consultancy, having previously worked in (senior) positions for among others
12 May 2015
BearingPoint: Banks should partner up with telcos As the use of mobile is extending beyond calling and texting, opportunities arise for telcos to offer more and more services, including mobile banking.
07 May 2015
FinTech to disrupt banking industry, but not just yet While most retail banking customers remain loyal to their bank for current accounts, 48% defected to other institutions for mortgages, a recent Capgemini report into customer banking satisfaction and
06 May 2015
6 consultants in Top 25 influencers in banking industry The Financial Brand, a platform for the banking sector, has released its 2015 ranking of the most influential people in the industry.
05 May 2015
L.E.K: Niche strategy helps challenger banks compete Offering niche banking products that serve the unique needs of SMEs is one way in which new entrants to the opening up UK banking industry can differentiate themselves and attract customers, a recent article from L.E.K C
30 April 2015
FCA and Moorhouse explore account number portability In a move to improve customer service and increase competition between current account providers, the UK Banking Industry agreed to introduce a service that speeds up and simplifies the movement of customers between prov
30 April 2015
Accenture to improve operational efficiency UniCredit European financial group UniCredit has selected Accenture to help it improve its operational efficiency and support its growth.
30 April 2015
Alvarez & Marsal starts Investment Management arm Alvarez & Marsal has launched an Investment Management arm to its wider services offering, putting the experience gained managing assets during the Lehman Brothers restructuring into use for its new clients. The new
17 April 2015
McKinsey alumnus Tidjane Thiam CEO Credit Suisse Swiss headquartered financial services group Credit Suisse has appointed former McKinsey & Company consultant Tidjane Thiam as its new CEO. Thiam succeeds Brady Dougan. span class="s1"
15 April 2015
Accenture: Fintech investment triples to 12.2 billion Global fintech investment has seen a big growth last year and tripled from its $4.05 billion level in 2013 to $12.2 billion in 2014, research by Accenture shows.
14 April 2015
Moving checking account opening into the digital world In an increasingly digital world, US consumers have developed an appetite for mobile and online based bank interactions, research by Javelin Strategy & Research shows. With the development of technology now allowing for online accounts to be op
08 April 2015
KPMG CF supports UCL with 150 million credit line University College London (UCL) has received a new £150 million revolving credit facility from a consortium of UK banks. The academic institution was advised by KPMG Capital Advisory Group, KPMG’s practice th
27 March 2015
Off the shelf tech set to transform banking industry The development of new, off-the-shelf banking IT solutions is transforming the back-office of the banking landscape. On the back of more efficient and innovative platforms, new entrants are eyeing the opportunities in th
19 March 2015
OC&C advises WorldStores on 25 million financing WorldStores, one of UK’s leading online furniture retailers, has received an investment of £25 million from a consortium of investors, led by US bank Goldman Sachs.
06 March 2015
A.T. Kearney: Banking transitioning to a digital world Banking is becoming dominated by tech savvy mobile technology using customers, a recent study by A.T. Kearney and Efma finds. Banks are finding themselves at different stages of preparedness for a potential new way of interacting with their custome
05 March 2015
Alternative finance market booming, grows to 3 billion Alternative financial markets in Europe came in at €2.9 billion in 2014, with a 144% growth since 2013, a recently released report between EY and the University of Cambridge reveals. With the UK providing the overlarge segment of
02 March 2015
Strategy&: Private wealth in GCC doubles to 2.2 trillion Private wealth in the GCC has more than doubled from 1.1 trillion in 2009 to 2.2 trillion in 2013.
23 February 2015
Capco: Financial inclusion for 2.5 billion without account There are over 2.5 billion people that lack access to basic financial services, a group which is labelled the “unbanked”. In a recently released report, to coincide with the World Economic Forum, Capco and Ashoka look at the issue and c
17 February 2015
Bain: Mobile banking expands omnichannel loyalty Mobile banking use increased significantly on a global scale in the past year, a recently released report from Bain & Company finds, and is now the dominant banking channel in most of the markets surveyed. The report further finds that there is
09 February 2015
Baker Tilly appointed administrator to LQD Markets Baker Tilly has been appointed Special Administrator to LQD Markets (UK), after the shock changes in the Swiss Bank rules surrounding the pegging of the franc to the euro sent the broker into arrest. The administrators will inform clients and credi
06 February 2015
10 priorities for Wealth Management industry in 2015 The wealth management industry has in recent years, buckled by the financial crisis and its economic repercussions on governments, corporations and individuals, been through a bumpy ride. In 2008, at the height of the crisis, Assets under Managemen
14 January 2015
McKinsey: Banks must invest in back office automation As banks follow the trend of digitalisation in the financial services industry, they should choose wisely the areas of investments, says consulting firm McKinsey & Company. In it's recent research, the firm shows that not all digital investment
12 January 2015
BCG: Banks regaining their economic profitability The financial crises had a substantial effect on the economic profit (EP) generation of banks, especially in North America and Europe, concludes consulting firm The Boston Consulting Group. Six years after the crisis, North American banking institu
08 January 2015
RBS banker Wolfgang Mantke joins IT consultancy GFT Global IT consulting firm GFT has appointed Wolfgang Mantke as a Principal Consultant in its risk management practice. Mantke joins from the Royal Bank of Scotland (RBS) in London, where he spent three years within the bank’s inves
07 January 2015
Baringa Partners launches new risk analytics offering Consulting firm Baringa Partners has recently launched a new offering that aims at helping banks develop more effective risk management strategies and capitalise on the value of data.
05 January 2015
Oliver Wyman: Fix industry, not women, for diversity The number of female senior roles is the lowest in the financial services industry, with women less than half as likely as men to progress from a mid-level to a senior level position, concludes consu
05 January 2015
Santander UK hires McKinsey advisor to run FinTech unit Santander UK has hired former McKinsey Associate Principal Mariano Belinky as Managing Director of its $100 million Innoventures Fund, set up to invest in fintech start-ups.
30 December 2014
Financial services quarter of global consulting industry The global financial services consulting market grew by more than 7% last year, to a value of nearly $24 billion, which amounts to 26% of the entire industry.
29 December 2014
Oliver Wyman: Men dominate ExCos of financial services Despite substantial diversity efforts in the financial services industry, the top of the sector remains a male dominated world, reveals a research by Oliver Wyman.
08 December 2014
Deloitte investigates glitch in BoE payments system A glitch hit the Bank of England (BOE) last month, throwing its payments system flat and hobbling thousands of housing market transactions.
01 December 2014

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