View more on these topics

HSBC chairman to become Govt trade minister

HSBC chairman Stephen Green is quitting to join the government as trade minister, according to BBC business editor Robert Peston.

The appointment is expected to be announced by Number 10 this afternoon and is the last post still outstanding in the Government.

Number 10 has declined to comment on what it called “speculation”.

It had been reported that prominent business grandees had refused to take the job on and that the previous trade minister, Standard Chartered Bank chairman Lord Davies had declined an offer from Prime Minister David Cameron to stay in the post.

In August, Lord Britten was taken on as the coalition’s trade adviser for six months while a minister was found.


Rate gap grows as just 10 lenders take 85% share

The gap between average mortgage rates and the Bank of England base bank widened from 2.2 per cent in 2008/09 to 3.7 per cent in 2009/10, according to FSA figures. The FSA data on product sales between April 1 2009 and March 31 2010 also reveals that 10 mortgage lenders accounted for 85 per cent […]


Santander to recruit 600 staff following RBS branch acquisition

Santander is to recruit up to 600 additional staff following its £1.65bn deal to acquire 318 RBS branches last month. The Spanish bank says it has decided to increase its staff numbers to deal with its latest expansion strategy in the UK. It has also dismissed suggestions in the FT saying the bank plans to […]


Golden goodbye

Paul Thomas assesses reaction to a report claiming we are at the end of a gilded era for homeownership

Expense ratios on rise for investment trusts

Total expense ratios on investment trusts have risen in the past decade despite increased scrutiny of the effect of fees on returns, says investment trust support firm Frostrow Capital. The firm’s figures show the average investment trust TER has risen from 0.91 per cent to 1.09 per cent. TERs show the extent to which fees […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm