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Former A&L boss case

Former Alliance & Leicester chief executive Peter White has drafted in lawyers in a move which may see him filing a claim for unfair dismissal.

Simmons & Simmons are putting together a claim to the employment tribunal.

The case will see White and A&L chairman and acting chief executive John Windeler take the stand and discuss the events leading to his departure earlier this year.

The reasons for White&#39s removal have been subject to rife industry speculation.


No early Xmas for BoS

Bank of Scotland&#39s Christmas wish to complete its bid for National Westminster Bank will not be granted.The new timetable for the £27bn hostile takeover attempt will go beyond the original December 17 closing date. The new date will not be known until rival bidder Royal Bank of Scotland posts its formal offer document.Some BoS advisers […]

Cracks in Egg

Egg admitted to a serious crack in its security yesterday.The Prudential-backed web site says it had a serious flaw three weeks ago, which allowed strangers full access to Egg credit card accounts when users believed they had logged out.The security glitch particularly affected customers accessing their accounts at internet cafes and workplaces, as anyone could […]

Size doesn&#39t matter – life office survey

Size doesn&#39t matter when it comes to the growth of insurance firms, according to the Association of British Insurers.According to “Firm Size and Growth in the UK Life Industry” from 31 December 1987 to 31 December 1991 smaller life insurance companies grew the fastest. By 1992-6 the growth rate in companies large and small had […]

Charity attacks LTC delays

The Government&#39s delay in deciding how to fund long-term care has been attacked by the Help the Aged charity.Last week it was announced further work was needed before changes could be made following a series of set-backs on the project by the Royal Commission.The financial services industry welcomed the promise of discussion on how to […]


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