UK’s Office of the Fair Trading (OFT) has directed the Competition Commission to probe the private motor insurance market in the country over allegations of unfair activities being carried out by insurers on motorists. Referring to ...
Tags: OFT, Competition Commission, motor insurance, insurance market
Royal Bank of Scotland’s insurance arm Direct Line being demerged from the parent company is gearing up to slash about 900 employees, as a part of its 100m pounds cost-cutting drive. The auto insurer has drawn an outline to save the ...
Tags: demerge, Royal Bank of Scotland's insurance, Direct Line
Royal Bank of Scotland (RBS) has developed a private cloud to support its application development process, using Amazon best practices. The project has enabled RBS to determine running costs of its IT infrastructure, and provide ...
Tags: Royal Bank of Scotland, RBS, Amazon, Private Cloud
The cloud played a pivotal role in separating insurance group Direct Line from parent company the Royal Bank of Scotland(RBS)to launch on the stock market. Direct Line had less than 6 months to re-engineer its HR process to prepare for an ...
Tags: Cloud HR, share offering, RBS, Peoplesoft system
Royal Bank of Scotland (RBS) will dedicate £80m of its billion-pound-plus IT budget to eliminate problems caused by its IT infrastructure being made up of mainframes patched together following multiple corporate acquisitions. Over ...
Tags: RBS, IT budget, IT infrastructure, mainframes
Bank of Scotland, part of the Lloyds Banking Group, has been fined £4.2m by the Financial Services Authority (FSA) for failing to keep accurate records of the mortgage payments of 250,000 Halifax customers. The blunder, which ...
Tags: Bank of Scotland, Lloyds Banking, FSA, Tracey McDermott
Bank of Scotland,part of the Lloyds Banking Group,has been finedGBP4.2m by the Financial Services Authority(FSA)for failing to keep accurate records of the mortgage payments of 250,000 Halifax customers. The blunder,which persisted from ...
Tags: Bank of Scotland, Financial Services Authority, mortgage records system
Dubai Group is in talks to sell its 45 percent stake in a joint venture firm with cement maker Lafarge, two sources familiar with the matter said, as the state investment vehicle sells assets to repay its $10 billion debt pile. Lafarge ...
Tags: market view, cement
A Shetland knitwear manufacturing business is increasing its workforce and investing in new machinery to keep pace with rising demand at home and overseas. Laurence Odie Knitwear Ltd(LOKL)is based in Sandwick in the Shetland Isles and is ...
Tags: Laurence Odie, knitwear, Expansion, new machinery
The global financial services sector still faces upheaval, five years after the credit crunch decimated its ranks. But how have IT strategies changed in the years since the UK government was forced to nationalise Northern Rock? Five years ...
Tags: global financial services, IT strategies, IT infrastructure, software
The IT glitch that affected NatWest,Ulster Bank and Royal Bank of Scotland(RBS)will cost the RBS Group£125m,the firm has revealed. In its half-year report,RBS said that it had to provision£125m for"costs arising from the ...
Tags: RBS, IT glitch, Ulster Bank, NatWest
Severn Trent Services has been awarded a contract to supply its TETRA LP Block filter underdrain system for the Mundaring Water Treatment Plant (WTP) in the Perth area of Australia. The Severn Trent project is the first public-private ...
Tags: market view, Water Treatment, filter
Severn Trent Services has won a contract to supply its TETRA LP Block filter underdrain system for the Mundaring Water Treatment Plant (WTP) in the Perth area of Australia. The TETRA LP Block is a dual parallel lateral underdrain system ...
Tags: market view, Water Treatment
Lewis Goetz,FIIDA,FAIA,College of Fellows Chair for the International Interior Design Association(IIDA),announced five IIDA Members will be inducted into the College of Fellows at the Association's Annual Meeting on June 12,2011. ...
Tags: IIDA, Interior Design, FAIA