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Scottish Widows to rise from HBOS ashes

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Sunday Herald Date: 21 September 2008 Edinburgh emerges as preferred location for life, pensions and asset management jobs EDINBURGH HAS emerged as the preferred location for the merged Lloyds-HBOS bank to locate both its merged life and pensions businesses and its combined £200 billion asset management …

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The end of HBOS

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17 September 2008 Picture: Amelia Calvert HBOS — created from the expedient merger of Halifax and “Governor & Company of the Bank of Scotland” in September 2001 — is in its death throes. If the BBC’s business editor Robert Peston is to be believed, the bank is about to be …

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Test case could spur banks to levy more

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By Ian Fraser Published: Sunday Herald Date: 18 November 2007 Office of Fair Trading raises landmark court action BANKs are gearing up to hit their customers with “a blizzard of additional charges” on their current accounts should the Office of Fair Trading wins its court case against the UK’s largest banks over …

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Should Northern Rock’s life-support be unplugged?

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1 November 2007 WHY should taxpayers (albeit indirectly) continue to bail out the damaged UK lender Northern Rock? The situation has become potentially hazardous. Not only might they never get repaid, given the extraordinary precariousness of Northern Rock’s balance sheet. It is also draining liquidity out of the financial system …

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Sharks and minnows feast together – Banks

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By Ian Fraser Published: Scottish Business Insider Date: 4 May 2007 The two world rankers made huge profits as they increased their focus on corporate banking, opening a gap in the market for smaller, nimbler players to target Scotland’s SMEs THE clearest sign of how far Scotland’s banks have come …

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The turnaround trio – Insurers

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By Ian Fraser Published: Scottish Business Insider Date: 4 May 2007   Injections of fresh capital and fresh new management thinking have allowed the three remaining Edinburgh-headquartered institutions to regain their former poise THE ostentatious headquarters buildings lining Edinburgh’s St Andrew Square and Glasgow’s city centre are testimony to the …

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Free banking under threat

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By Ian Fraser Published: Sunday Herald Date: 26 March 2006 PENALTY CHARGES: WARNING TO WATCHDOG BANKS are threatening to end free personal banking if a consumer watchdog too severely curtails what they can make from penalising customers who exceed their borrowing limits. Midland Bank, now part of HSBC, first introduced …