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Sir Hector Sants to lead UK banking review

Former FSA boss Sir Hector Sants has been appointed to lead a review of bank competitiveness in the UK. Sants will head a team at global management consulting firm Oliver Wyman and release the first review in autumn, reports the FT. Among the topics the review will cover are banking regulation, the risks of a ‘Brexit’ for […]

Lloyds profits fall as it takes £660m hit on TSB sale

Lloyds Banking Group has reported an 11 per cent fall in pre-tax profit for the first quarter of the year, after making a £660m loss on the sale of TSB. The bank’s Q1 results, published today, show it made a £1.2bn profit in the first three months of the year, down from £1.4bn in the […]

Natixis nets record £14bn inflows

Natixis Global Asset Management has seen a net income increase of 25 per cent to €331m (£246m) in the first quarter of 2015, helped by new net inflows in its asset management unit. The group saw a record €19bn of net inflows in the asset management business of which €8bn was in Europe and €11bn […]

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