Financial Services news in the UK | Page 18

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

Accenture helps UniCredit with Finance BPO transformation UniCredit has hired Accenture to support a large finance BPO transformation program.
16 April 2013
Alvarez & Marsal: Bankers in Cyprus deleted fraud evidence According to a report by consulting firm Alvarez & Marsal commissioned by the Central Bank of Cyprus. Bankers in the hard-hit Bank of Cyprus have destroyed evidence about abhorrent activities
09 April 2013
CGI helps ZLM Insurance with migration to SEPA ZLM Insurance has hired CGI in the Netherlands to deliver support in transiting to Single Euro Payment Area (SEPA).
03 April 2013
BCG reviews cost structure of National Australia Bank The National Australia Bank (NAB) has hired management consulting firm Boston Consulting Group to review its cost base. According to the Australian newspaper the bank was forced to hire the strategy consulti
01 April 2013
Roland Berger: 4 future business models for retail banks The retail banking industry will in the coming years face major change.
26 March 2013
Barclays may leave accountant PwC after 117 years British bank Barclays is considering re-tendering the audit contract with PwC. The accounting firm has been involved with auditing the bank for over 117 years. PwC has contractual relationship with Barclays since 1896, and it r
19 March 2013
Clear2Pay helps Rawbank with e-Banking services During past months Clear2Pay has helped Rawbank, a bank in the Democratic Republic of Congo, improve its e-Banking services and infrastructure.
14 March 2013
McKinsey: Car insurers have dramatic marketing ROI Car insurers have dramatic ROI on marketing and advertising effort. A study from McKinsey & Company shows that auto insurers have failed to boost sales even after spending billions of dollars on advertisements.
11 March 2013
A.T. Kearney: Islamic bank has to review its strategy Up until now, Islamic banks have typically performed better than the conventional banks. However research from A.T. Kearney shows that growth rates are slowing and that profitability is eroding.
03 December 2012
Clear2pay and IBM launch SEPA Testing Tool Clear2Pay and IBM have together launched a 'SEPA Testing Tool' that can help financial institutions with the migration to SEPA. The tool supports banks and other financial institutions with standa
13 November 2012
Accenture: 3 future business models for banks According to research from Accenture, banks can double their annual revenue growth rate and simultaneously reduce their cost by 20% by implementing three business models.
06 September 2012
PwC: European banks have 1000 billion euro in poor loans By the end of the year 2011, European banks had a record amount of over €1000 billion in poor loans registered in their book keeping system. This is a growth of over 10% compared to a year earlier and even a doubling when compared to 2008. This is
30 August 2012
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
Deloitte: Car insurance industry under high pressure British car insurers have reported a loss of € 2.3 billion for the financial year 2010. The companies showed a combined ratio of 120%.
26 June 2011

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