ALEX BRUMMER: Challenger banks squeezed
If there is a barrier to challenger banks making real progress in the UK it is the fact that Lloyds was allowed to grow big without a competition inquiry. Horta-Osorio’s problems are not entirely over.
Alex Brummer, City Editor of the Daily Mail and author of Bad Banks, on the failure of comms during the financial crisis, the public’s increased scrutiny of The City and how access is key to getting a better position in the press. 2014 saw the publication of your seventh book, Bad Banks: Greed, Incompetence and [.]
At last – Britons are put before bosses: The stopping of the Sainsbury’s-Asda merger should be applauded, says ALEX BRUMMER The abrupt end to the 12billion Sainsbury’s and Asda fandango should be applauded by every consumer and food producer in the land. extravagant claims made by the deal’s main proponents that a merger would deliver price reductions of 1billion for [.]
Perspective | There are a lot of myths about D.C.’s Winder Building. The truth is impressive, too. 2 Myths Holding Back Home Buyers India’s central bank cuts rates by 25 bps; changes stance to ‘accommodative’ India’s central bank chips in a third straight time to help revive the economy. with the stance shifting to accommodative, more rate-cuts can be expected. "We expect MPC to cut rates by an.Myth #1: "I Need a 20% Down Payment" Buyers often overestimate the funds needed to qualify for a home loan. According to the same report: 22% of renters and 31% of homeowners believe lenders require 20% or more of a home’s sale price as a down payment for a typical mortgage today. And,We would like to show you a description here but the site won’t allow us.
ALEX BRUMMER: Antony Jenkins slipped a Budget day mickey finn.. He needs to squeeze out the buccaneering culture, the legacy of Diamond, bloodstock owner Rich Ricci and pals.. including the previously excluded challenger banks.
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City editor Alex Brummer, in the Daily Mail (p71), suggests that the real challenger to banks and credit card companies now is technology companies. The launch of Apple’s titanium credit card, in collaboration with Goldman Sachs, has the potential for ‘exponential growth’ with 1.4 million people estimated to have Apple devices, while.
A register once dominated by hedge funds and favoured clients of the casino banks has normalised with long-term investors. The strike vote is intended to squeeze concessions out of the boardroom..
A customer uses an automated teller machine (ATM) at a branch of Metro Bank Plc in the City of London, U.K., on Wednesday, Feb. 27, 2019. Metro Bank, the lender founded by U.S. entrepreneur Vernon Hill, plunged to a record low after it disclosed that British regulators are probing how it misclassified assets, an incident that prompted a share sale.
ALEX BRUMMER: challenger banks squeezed Policymakers warn over brexit job losses. london mayor sadiq Khan has stated that a ‘hard Brexit’ would threaten "the prosperity of millions of people in London and across the country" (Guardian, p27).City AM (p8) notes that Mark Boleat, Policy Chairman at the City of London Corporation, also warned.