Lloyds Chief Horta-Osorio celebrates return
After the much publicised “leave on medical advice” around six weeks ago, Lloyds Banking Group boss Antonio Horta-Osorio celebrated the announcement of his return to work in January, by purchasing over $200,000 worth of shares in the part-nationalised lender. [more...]
Co-op preferred bidder for Lloyds branches
The Co-operative Bank has been named as the preferred bidder for the 632 branches which Lloyds Banking Group has to sell to meet European competition rules. [more...]
Burness beats market expectations on deals
Leading legal firm Burness has bucked market trends after a busy period in corporate finance, after concluding deals for clients including, Glen Grant distillers, Korean conglomerate E-Land World, Maxim Integrated Products, Pizza Hut, and SeaEnergy PLC. [more...]
F&C Asset Management announce job cuts
F&C Asset Management has announced the results of a strategic review and in a major drive on cost savings is to cut jobs and focus on its larger, insurance and pension fund clients. The firm also revealed that assets under management at F&C had fallen during the last quarter. [more...]
Credit Suisse fined £6m by FSA
City watchdog, the Financial Services Authority has fined The UK arm of Credit Suisse £5.95m for failing to reveal the risks to customers when selling some of the private banks financial products. [more...]
UBS post surprise results for third-quarter
Swiss Bank UBS yesterday surprised observers by posting a better than expected third-quarter profit as it responds to a £1.28billion loss from an alleged trading scandal. However they also admitted their control measures had failed previously. [more...]
Stars rise in KPMG promotions
Several leading figures at KPMG have been promoted, including its Head of Tax in Scotland, Russell Hills. Hills moves to London as Head of Tax for large corporate firms, but will remain involved with a number of clients in Scotland. [more...]
LLOYDS strengthen at top
Lloyds has made another significant addition to their team by appointing Nathan Bostock from Royal Bank of Scotland, as head of wholesale banking. Bostock had been at RBS since 2009 in charge of selling toxic and non-core assets. [more...]
SLI upbeat for 2011
Standard Life Investments, a leading investment house, predicts that the corporate sector can generate strong profits in 2011, supporting sustainable yield opportunities in various asset classes and markets. [more...]
Tesco Bank announce 200 new jobs in Glasgow
Tesco Bank chief executive, Benny Higgins – who is listed at Number 3 in the SFS Yearbook “Top 30 Rainmakers” for 2010, this week announced plans for the firm to create 200-plus new jobs in Glasgow. [more...]
Additions to board at Standard Life Investments
Standard Life Investments, the global fund manager, has today enhanced its board with the appointments of (from left to right) John Paynter and Jonathan Dawson as Non-Executive Directors. [more...]
LOGICA recruitment drive on back of new business wins
Logica, the business and technology service company, has appointed Grant Niven as Head of Financial Services in Scotland. His appointment is part of a wider recruitment drive in Scotland which has already seen the recruitment of ten skilled IT professionals after new contract wins, primarily in the financial services sector, trebled over the first half of the year. [more...]
HBJ Gateley Wareing secure Manchester base
Leading national law firm, HBJ Gateley Wareing, which has Scottish offices in Edinburgh and Glasgow, have confirmed to SFSbusiness that 40 former partners from the Manchester office of troubled legal firm Halliwells, have now joined their law firm. [more...]
RBS £3bn shot in the arm for commercial property sector
Royal Bank of Scotland is planning to sell off a £3 billion portfolio of commercial property loans in a move that will test the market and reduce its own exposure in that area over the next five years. [more...]
Biggart Baillie announce three new partners
Leading Scottish law firm, Biggart Baillie LLP, is reinforcing its commitment to future growth with the internal promotions of 3 partners and 5 associates. [more...]
Major new report recommends action by the Accountancy Profession to prioritise Workforce Health
It’s a problem that is estimated to cost UK employers £14 billion annually, but despite the fact that most management teams agree that “employees are our most valuable asset”, senior accountants and finance directors show limited interest in the health and wellbeing of their workforce, according to new research published by ICAS. [more...]
Sir David Tweedie nominated as vice-president of ICAS
Sir David Tweedie CA, Chairman of the International Accounting Standards Board (IASB), has been nominated as Vice-President of The Institute of Chartered Accountants of Scotland. [more...]