Sat.May 21, 2022

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NatWest’s Sir Howard Davies: ‘I’m quite pessimistic. Brexit was a significant mistake’

TheGuardian

The banker and former regulator has seen many crises in his career, but war and political division have him worried Sir Howard Davies is a worried man. He is worried about political polarisation. He is worried about the long-term impact of Brexit on the City of London. And he is worried by the pushback against globalisation. One thing he is not especially worried about is the health of the bank he chairs, NatWest, which in its former guise as Royal Bank of Scotland was on the edge of collapse du

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Why Bank Shareholder Succession Matters

Jeff For Banks

I'm growing more concerned about the time and effort by community financial institutions to understand the needs of next generation shareholders and build a strategy around shareholder succession. I recently met with a former partner at Wellington Management. You may be aware that Wellington is a significant institutional investor in community bank stocks.

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‘If my £6.5m Kent mansion is sold now it could help fund Putin’s war’

TheGuardian

Russian state-linked bank pursuing financier for millions over alleged fraud is not on UK sanctions list Russia-Ukraine war: latest updates It is one of Britain’s most controversial property sales. A former multimillionaire banker warns that proceeds from the disposal of his £6.5m Kent country estate risk being sent to help fund Vladimir Putin’s war machine.

Fraud 88
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Cash in on cashback: shop around for the best deals

TheGuardian

There are plenty of options if you want to switch current accounts or your phone or broadband provider With many finances so tight, this is a good time to look at your spending and see whether you can make your money work harder. If you need to buy a particular item or switch to a new service, one way to do this is to look for a purchase or deal that comes with cashback.

Mobile 81
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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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The Bank of England fears worker power, but most are taking a real-terms pay cut

TheGuardian

Conditions have improved for a select few but on wages and flexible hours, the trend for employees is generally backwards. Can the rate-setters grasp that? Goldman Sachs has bowed to demands for a less stressful workplace by offering a “flexible vacation” scheme that allows senior bankers to take a holiday whenever they feel like a break. Generosity further down the investment bank’s global chain of command is more limited: it has told traders and admin staff – who are notorious for taking break

Trends 69