Edition:
United Kingdom

Iain Withers

UK digital bank Monzo plans to hire 500 and relaunch paid accounts

8:20am GMT

LONDON Fast-growing British digital bank Monzo plans to hire up to 500 people and forecasts it will get 5.5 million users this year, as it prepares to have another crack at charging some customers to turn a profit.

RBS to slash investment bank, rebrand as NatWest

14 Feb 2020

LONDON Royal Bank of Scotland's new Chief Executive Alison Rose unveiled a new strategy for the taxpayer-backed bank on Friday, including radically cutting back the size of its loss-making investment bank and renaming the company NatWest. | Video

Barclays chief Staley probed over Epstein ties

13 Feb 2020

LONDON Britain's financial regulators are probing links between Barclays Chief Executive Jes Staley and the U.S. financier Jeffrey Epstein, who killed himself while awaiting trial on sex trafficking charges, after the Financial Times reported on a trove of emails between the two on Thursday. | Video

Digital bank Bó underwhelms investors as RBS revamp looms

12 Feb 2020

LONDON, Feb 12 Royal Bank of Scotland's new boss Alison Rose must decide the fate of two key businesses in her debut strategy revamp, investors said, with fledgling digital bank Bó joining NatWest Markets at the top of the list of problem areas to tackle.

NMC Health reveals KKR, GK approaches as founder Shetty steps back

10 Feb 2020

NMC Health Plc disclosed preliminary buyout approaches from private equity firms KKR & Co Inc and GK Investment on Monday, lifting its shares, which have dropped dramatically since Muddy Waters last year queried its financial statements.

Goldman bolsters Marcus staff as Britain spearheads consumer bank push

07 Feb 2020

LONDON Goldman Sachs plans to expand its retail brand Marcus in Britain this year with more than 65 new staff, a mobile app and more savings products, as part of the group's global shift towards consumer banking.

Record $4 billion Airbus fine draws line under 'pervasive' bribery

01 Feb 2020

PARIS/LONDON/WASHINGTON Airbus bribed public officials and hid the payments as part of a pattern of worldwide corruption, prosecutors said on Friday as the European planemaker agreed a record $4 billion (3.04 billion pounds)settlement with France, Britain and the United States. | Video

Lloyds issues memo on staff treatment after flurry of complaints

31 Jan 2020

LONDON Britain's biggest domestic bank Lloyds has issued guidelines to branch managers on treating staff fairly, after a rise in complaints to one of its employee unions about working conditions across its dwindling retail network.

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