Banking news in the UK | Page 12

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

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
Deloitte FAS hires JP Morgan veteran Chris Nicholls Deloitte Financial Advisory Services (FAS) has announced the appointment of JP Morgan Executive Director Chris Nicholls as Partner of its Equity Capital Markets team. Nicholls will provide advice to companies coming to the market in London
10 November 2014
McKinsey survey reveals BoE plagued by internal politics A recent research from McKinsey & Company finds the staff of the Bank of England are dissatisfied with elements of how the institution is run. While not all bad news, the report finds that listening to staff will allow it to “b
10 November 2014
EY replaces Deloitte as Royal Bank of Scotland auditor EY has been selected by Royal Bank of Scotland to replace Deloitte as its auditor as of 2016. The decision follows new regulations that require companies to switch auditors every decade. As a result of EY’s new co
07 November 2014
Oliver Wyman partner becomes CRO of BNY Mellon Global investments company BNY Mellon has appointed James Wiener as Senior Executive Vice President and Chief Risk Officer. Wiener joins BNY Mellon from Oliver Wyman, where he was Partner and Head of the North American Public Policy Practice, and s
04 November 2014
Roland Berger: Profitability of EU banks still too low The profitability of European banks has over the past year grown strongly, by approximately€54 billion. Nevertheless, profitability remains too low, in particular in comparison with American counterparts, according to a new research
03 November 2014
Deutsche Bank Chairman Corporate Broking joins KPMG KPMG has hired James Agnew as Senior Member of its Capital Advisory Group, a function he will assume early 2015. Agnew will join KPMG from the Deutsche Bank with extensive experience in corporate broking, with the intent to expand KPMG’s foot
24 October 2014
KPMG: Banks must change for sake of UK businesses If banks do not catch up with technology and the possibilities and requirements of the modern world, shadow banking could well come out of the shadows, says Bill Michael, Financial Services Head at KPMG.
20 October 2014
KPMG launches alternative finance practice in UK KPMG has launched a new practice in the UK that supports clients with alternative finance services. Warren Mead has been appointed as head of the newly formed ‘challenger banking and alternative finance’ unit, tasked with the responsibi
15 October 2014
ANZ Bank continues Trade360 SaaS partnership with CGI Australia and New Zealand Banking Group, one of the major banks in the Asia-Pacific region, has decided to extend its use of the CGI Trade360 global trade finance Software as a Services (SaaS) platform. The contract has a duration of sev
10 October 2014
Former Barclays COO Jonathan Rose joins Capco UK Financial services specialist Capco has recently added Jonathan Rose to its UK partner team. Rose previously worked for Barclays as COO/CIO and for Accenture as a partner. At Capco, he will focus on further expanding the firm’s footprint in t
08 October 2014
Capgemini & RBS: Electronic payments market grows 9% The number of electronic payments has grown last year with 9.4% to a total of 366 billion transactions, fueled by strong growth in developing markets and the use of credit (up 9.
07 October 2014
McKinsey develops strategy for Co-op Bank of Kenya The Co-operative Bank of Kenya has hired McKinsey & Company to support it with the development of a growth strategy. The consultants have been given three months’ time to come up with a strategy, roadmap and action plan./
02 October 2014
Deloitte partner Ian Smith new CFO of Clydesdale Clydesdale Bank has announced the appointment of Deloitte Partner Ian Smith as its new CFO, effective as of October. Smith joins with extensive experience in finance and consulting, after having fulfilled senior roles at Deloitte, Lloyds Banking Gr
26 September 2014
BearingPoint nominated for Financial Innovation Awards On 27 November 2014, the 17th edition of the Financial World Innovation Awards are organised in London, UK. Among this year’s finalists is consulting firm BearingPoint, nominated in the 'Innovation in marketing and communications' category./
16 September 2014
PwC Consulting under fire in the US for misconduct Consulting firms hired to investigate banks find themselves often in a difficult position; they are handpicked and paid by the same people they are supposed to investigate. PwC Consulting US has recently come under fire for watering down
21 August 2014

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