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Financial Services Authority
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FSA Imposed a Fine of 30m Against Companies of The Prudential for Failing to Inform
Apr 1, 2013The UK Financial Services Authority (FSA) has imposed a fine of 30m against companies of the Prudential Group (Prudential) for failing to inform the market regulator at the time of its proposed acquisition of AIA, the Asian subsidiary of ...
Tags: Financial Services, FSA, Financial
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HomeServe Is Planning to Eliminate About 300 Positions Across The Group's Operations
Mar 26, 2013Home insurance and repairs group HomeServe is planning to eliminate about 300 positions across the group's operations in Bambury, Preston and Walsall in the UK, as it expects its customer numbers to decline over the next two years. The ...
Tags: HomeServe, Home insurance, insurance
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Barclays Pingit Has Been Named in The APP Store Best of 2012 List in The UK by Apple
Feb 1, 2013Barclays Pingit has been named in the App Store Best of 2012 list in the UK by Apple. The ground-breaking mobile payments app was selected from thousands in the Apple store for recognition in the awards' 'Disruptive Services' section, ...
Tags: Barclays Pingit, App Store, apps
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CME Clearing Europe Added Two New European Natural Gas Forward Contracts
Jan 29, 2013The CME Group said Friday its European clearing house, CME Clearing Europe, it had added two new over-the-counter European natural gas forward contracts to its clearing portfolio. The two new contracts -- the United Kingdom (UK) ...
Tags: CME Group, CME Clearing Europe, natural gas
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Cold-Call Phone Scams Have Switched From Traditional Sales Staples
Jan 7, 2013Cold-call phone scams have switched from traditional sales staples, such as unlisted shares in obscure companies, to novel new get-rich investment options such as land, wine, and lumps of rare earth metals. The Independent reports that ...
Tags: rare earth metals, rare earth, rare earth elements, UK investors
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With Customer Demands Changing,Banks Have to Innovate Around Things Like Mobile Banking
Dec 27, 2012The industry that you expect to hit the IT headlines on a regular basis has not let us down in the last 12 months,despite continued tough market conditions. With customer demands changing,banks have to innovate around things like mobile ...
Tags: Financial Services, IT, bank, mobile banking, Barclays, RBS
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FSA Demanded Details of How Major Banks Plan to Prevent Repeat of RBS Software Glitch
Dec 24, 2012The Financial Services Authority (FSA) has demanded details of how major banks plan to prevent a repeat of the Royal Bank of Scotland's (RBS) software glitch in June 2012. The glitch in the CA7 batch process scheduler meant 12 million ...
Tags: Financial Services Authority, computer problems, Stephen Hester
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Hester Was Requested to Provide a Detailed Explanation of What Went Wrong at The Bank
Dec 18, 2012The Treasury Committee requested that RBS chief executive Stephen Hester provide a detailed explanation of what went wrong at the bank to cause its ongoing IT issues. In a letter to the bank, Andrew Tyrie, chairman of the Treasury ...
Tags: RBS, MPs, IT Explanation
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Retailer Dairy Farm International Holdings Has Said It Is Trading Ahead of Last Year
Dec 11, 2012Pan-Asian retailer Dairy Farm International Holdings has said it is trading ahead of last year, with growth recorded across the majority of its business. The company said sales and earnings increased in the period from 1 July to 6 ...
Tags: Dairy Farm, food trading, food industry, company news
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Quindell Portfolio Would Offer a Joint Outsourcing Personal Injury Product to The UK
Dec 7, 2012Quindell Portfolio has expanded its partnership with the law firm Silverbeck Rymer to offer a joint outsourcing personal injury product to the UK claims market. Quindell has also signed a binding agreement to acquire Silverbeck Rymer for ...
Tags: Quindell Portfolio, Silverbeck Rymer, personal injury product, insurance
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FSA Has Fined Japan's MSIEu
Dec 6, 2012The UK Financial Services Authority (FSA) has fined Japan's Mitsui Sumitomo Insurance's European unit (MSIEu) and banned its former executive chairman, Yohichi Kumagai for serious corporate governance failings. The UK watchdog has fined ...
Tags: Financial Services Authority, Mitsui Sumitomo Insurance, watchdog
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EIP Has Extended Its Affinity Partnership with Poppy Insure
Dec 6, 2012Equity Insurance Partnerships (EIP) has extended its affinity partnership with Poppy Insure, the trading subsidiary of The Royal British Legion. Under the renewed partnership, EIP will administer the Legion's branded home and motor ...
Tags: Equity Insurance Partnerships, Poppy Insure, motor insurance
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Aspen Has Appointed John Worth as The Group's Chief Financial Officer
Dec 6, 2012Aspen Insurance Holdings has appointed John Worth as the group's chief financial officer, effective from 1 November 2012 and subject to relevant regulatory approval. Succeeding Julian Cusack, interim Aspen Group chief financial officer, ...
Tags: Aspen Insurance Holdings, John Worth, chief financial officer
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Barbon Insurance Has Appointed Mike Ramsey as New Chief Executive Officer
Dec 4, 2012UK-based Barbon Insurance has appointed Mike Ramsey as its new chief executive officer to replace Martin Oliver, effective from June 2012. Ramsey previously served as chief executive officer of life, accident & health Europe division of ...
Tags: Barbon Insurance, Mike Ramsey, chief executive officer, Martin Oliver
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FSA and Lloyd's of London Have Approved to Work as a Lloyd's Managing Agent
Dec 4, 2012UK based Financial Services Authority (FSA) and Lloyd's of London have approved W R Berkley Syndicate Management to work as a Lloyd's managing agent. As per the agreement, effective from 1 June 2012, WR Berkley Syndicate Management will ...
Tags: FSA, W R Berkley Syndicate Management, managing agent, reinsurance