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Saturday, 21st November 2009

Banking & Insurance

After a year's search, L&G poised to appoint Scots banker as chairman INSURANCE giant Legal & General is poised to announce the appointment of Scots-born banker John Stewart as its new chairman.

Nationwide profits plunge by 63% NATIONWIDE Building Society has suffered a sharp fall in first-half profits as it felt the squeeze from low interest rates and the "dramatic fall" in commercial property valuations.

Social housing firm is sold for £38.5m LLOYDS Banking Group and private equity firm Alchemy have sold their social housing construction firm Environmental Property Services to facilities management group Mitie.

Santander to offer fee-free account for home owners SANTANDER, owner of Abbey and Alliance & Leicester, has unveiled plans to shake up the current account market with a fee-free package for mortgage customers.

Why the City has no need to fret about RBS chief's other job

Otto Thoresen remains upbeat despite Aegon's £11m loss

Hundreds of city jobs at risk as Lloyds cuts 5,000 UK posts

'There's no exodus' says Swip chief as revamp takes shape

Lloyds to axe thousands of jobs in new batch of cuts

Government loans to Lloyds reach total of £165 million in last year

The week ahead: City heavyweights likely to report mixed fortunes

Big Barclays investment profits create a dilemma

Bank pledges to support small businesses with fairer prices

RBS appoints Alan Dickinson for branch sales

Islanders urge Lloyds to reverse decision to axe relationship managers

Williams de Broe funds up in year of turmoil

Terry Murden: Foreign banks could emerge the winners in big sell-off

Andrew Milligan: Inflation is the key to full recovery in financial markets

Scottish banks reveal further losses and jobs cuts

Hester plots rebuild for RBS as bid emerges for US offshoot

Thousands face axe as chief admits RBS only half way through cull

Lloyds TSB charity row set to continue as London talks fail

RBS reports £1.5 billion loss: Banking group upbeat despite third quarter shortfall

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