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Banking news in the UK | Page 13
An overview of news, trends and research in the Banking industry in the UK:
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Roland Berger: Half of needed savings at banks are HR related
In the coming 3 years banks in Europe will have to realize massive savings of €40 to €70 billion. As a result, banks are quickly trying to identify cost saving areas and implementing massive cost reduction programs. The key question is: where
28 August 2012
Roland Berger: Banks fire 1.8 million in stress-scenario
The Western European banking sector currently employs just fewer than 3 million people. According to a study by Roland Berger, between now and 2016 approximately 900,000 employees in the sector will lose their job. Th
22 August 2012
Alvarez & Marsal helps Spain's state-rescued banks repel real estate
The Spanish government has hired Alvarez & Marsal to manage the real estate assets of Spain's state-rescued banks. In order to comply with rules of the EU and hence receive European aid, the relevant real estate
07 August 2012
Cyprus asks Alvarez & Marsal to investigate the banking branche
The Central Bank of Cyprus hired Alvarez & Marsal to investigate the status of its banking sector. The decision to hire the consultants follows after two of the nation’s banks indicated they needed state su
02 August 2012
Eurogroup: Profitability private banking under strain
Private banking is one of the most competitive segments in banking and as a result pressure on profitability is very high. If private banks want to remain successful in the near future, they will need to adapt their strategy to the changing external an
17 July 2012
Accenture is helping Indian bank with strategic transformation
Accenture has won a large transformation contract with United Bank of India (UBI). The consulting firm will in the coming two years provide a large set of management consulting services, including the
22 June 2012
Spain is hiring Big4 firms for independent audit banking
Spain has picked the "Big Four" accounting and consulting firms PwC, Deloitte, KPMG and Ernst & Young to carry out independent detaile
07 June 2012
Irish NAMA spends 115 million on 100 consultants
Politicians and citizens of Ireland are upset after the newspaper Irish Examiner uncovered that the National Asset Management Agency (NAMA) has paid more than €115 million on consultants over the past 2.5 years. The public sentiment turned against
10 April 2012
BCG advises Clydesdale Bank on restructuring plans
The National Australia Bank (NAB) has hired management consultancy Boston Consulting Group to advise on a restructuring of its Clydesdale Bank in Britain. BCG will in the coming weeks work closely with Clyde
05 March 2012
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