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....Shareholders in Exxon Mobil have backed a motion requiring the company to assess the risks from climate change. The plan, proposed by investors including the Church of England, was supported by over 62% of those eligible to vote. ... [Read full article on BBC ]
Wednesday 31st of May 2017 05:26:43 PM
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....”. Exxon’s management sought to head off the proposal championed by the pension funds of the Church of England, New York and California and other large shareholders, which will force the company to conduct an annual “stress test” measuring how its oil assets will be affected by climate change regulation and new technology. ... [Read full article on Guardian ]
Wednesday 31st of May 2017 05:28:57 PM
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Latest Finance News related to Church Of England

Shareholders force ExxonMobil to come clean on cost of climate change image
Source : Guardian [Read Article] Wednesday 31st of May 2017 05:28:57 PM
....”. Exxon’s management sought to head off the proposal championed by the pension funds of the Church of England, New York and California and other large shareholders, which will force the company to conduct an annual “stress test” measuring how its oil assets will be affected by climate change regulation and new technology. ...
Exxon shareholders back 'historic' vote on climate image
Source : BBC [Read Article] Wednesday 31st of May 2017 05:26:43 PM
....Shareholders in Exxon Mobil have backed a motion requiring the company to assess the risks from climate change. The plan, proposed by investors including the Church of England, was supported by over 62% of those eligible to vote. ...
Church of England fund sees 'stellar' returns image
Source : BBC [Read Article] Sunday 21st of May 2017 06:34:39 PM
. The Church of England's investment success has pushed it into the top ranks of the world's best performing funds of its type last year. ...
Church of England made stunning 17% return on investments in 2016 image
Source : Guardian [Read Article] Sunday 21st of May 2017 01:08:44 PM
....The body, which manages investable assets worth £7. 9bn in order to “support the Church of England as a Christian presence in every community”, said it had smashed targets by making a 17. ...
Shell shareholders to vote for new climate change goals image
Source : Guardian [Read Article] Sunday 21st of May 2017 10:38:07 AM
. Shell shareholders including the Church of England, European pension funds and Dutch activists will send a signal to the board of the Anglo-Dutch company this week by voting for it to set new climate change goals. ...
BP shareholders urged to reject chief's £9m pay package image
Source : Guardian [Read Article] Monday 15th of May 2017 09:12:53 AM
....The group added that a green light would lock in a pay policy at a “critical” time for addressing climate change, as 2020 is seen as the last year by which carbon emissions must peak for the world to be likely to keep temperature rises below 2C. The Church of England, which has BP in the top holdings of its £9bn funds, said it would be voting against both Dudley’s pay and the remuneration policy. ...
Top UK fund manager divests from fossil fuels image
Source : Guardian [Read Article] Monday 15th of May 2017 05:01:36 AM
....The archbishop of Canterbury, Justin Welby, played a crucial role in the divestment, as president of BMO’s responsible investment council. The Church of England has already pulled out of investing in companies that make more than 10% of its revenues from thermal coal or oil from tar sands. ...
HS2 is on its way but bid troubles and snap election could still derail project image
....” Once a burial ground, the gardens contain the remains of an estimated 60,000 people – all to be exhumed and reinterred in the months ahead. Discussions continue with the Church of England over exactly where the bodies are to be buried, according to HS2. ...
No yolk: Cadbury and National Trust say Easter egg row is nonsense image
Source : Guardian [Read Article] Tuesday 4th of April 2017 05:15:40 PM
.... But the supposed removal by Cadbury and the National Trust of references to Easter from material promoting egg hunts across the country was enough to divert the prime minister’s attention from international diplomacy and trade to garishly-wrapped confectionery. It was “absolutely ridiculous”, Theresa May said in Amman, en route for Saudi Arabia, that the National Trust had – as a Church of England spokesman put it – “airbrushed faith from Easter”. ...
British firms warned over new wave of pay revolts at AGMs image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:59:57 PM
....The world’s largest asset manager, BlackRock, earlier this year warned UK companies they must match boardroom pay rises with those of their workers. The Church of England, a major institutional investor, has written to the 350 biggest companies on the stock market, warning them it would vote to block excessive boardroom pay deals. ...
Treasury plan may allow RBS to avoid selling 300 branches image
Source : Guardian [Read Article] Friday 17th of February 2017 09:29:15 PM
....While RBS has repeatedly struggled to sell off the branches, Lloyds spun off TSB, which is now owned by Sabadell of Spain. RBS originally intended to sell the branches to Santander before that deal fell apart, and then tried to float them on the stock market with a consortium that included the Church of England before that too was abandoned. ...
Calling the latest Greek deal a sticking plaster does disrespect to the Elastoplast image
....Hopes are high that they are taking their role in policing Britain’s boardrooms seriously. They are saying the right things: the world’s biggest fund manager, BlackRock, has put companies on notice that it is alert for excessive executive pay, as has comparative minnow the Church of England. ...
Thomas Cook cuts boss's payout after shareholders revolt image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:37:47 PM
....Companies have come under fresh pressure over executive pay in recent months. Earlier this week, the Church of England, a major institutional investor, said it had written to the 350 biggest companies on the stock market, warning them it would block excessive boardroom pay deals. ...
Church of England: we'll vote to block excessive boardroom pay deals image
Source : Guardian [Read Article] Tuesday 7th of February 2017 05:31:51 PM
. The Church of England, a major institutional investor, has put UK company bosses on notice that exorbitant pay deals will not be tolerated. ...
UK office construction forecast to plunge after Brexit vote image
Source : Guardian [Read Article] Tuesday 6th of December 2016 02:29:49 PM
....Lucian Cook, head of residential research at Savills, noted that there had been a shift in housing policy under housing and planning minister Gavin Barwell, with a bigger emphasis on building more homes across a wider range of tenures such as homes for rent. But a representative from Church Commissioners, who manage the Church of England’s £7bn investment fund, suggested that Cook was painting too rosy a picture. ...
Southern rail strike: Grayling offers to meet RMT union for talks image
Source : Guardian [Read Article] Tuesday 6th of December 2016 06:00:04 AM
....”. The long-standing dispute has reached the point where even a group of Church of England bishops has attempted to intervene. ...
Amazon TV ad features imam and vicar exchanging gifts image
Source : Guardian [Read Article] Wednesday 16th of November 2016 06:01:11 AM
.... In the UK, the outgoing prime minister David Cameron condemned “despicable” incidents of xenophobic abuse shortly after the Brexit vote in June. Morris said the online retail giant had “sought counsel” from the Church of England, the Muslim Council of Great Britain and the Christian Muslim Forum after taking the decision in July to make the TV ad campaign. ...
Archbishop's prayers answered as payday loan firms brought to book image
Source : Guardian [Read Article] Tuesday 20th of September 2016 07:08:59 PM
.... In June 2013 Wonga raised the standard interest rate quoted on its website from 4,214% to 5,853% APR. The following month it emerged that the archbishop of Canterbury, Justin Welby, had told Wonga that the Church of England wanted to “compete” it out of existence as part of its plans to expand credit unions. ...

Stuck on an allotment waiting list? Your prayers could be answered 
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Source : Telegraph [Read Article] Saturday 13th of August 2016 06:00:00 PM
.... . The Church of England’s 10,000 local churchyards have been described as being like an extra national park. ...

Professor Alexis Jay emerges as favourite to take over child sex abuse inquiry
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.... . Baroness Butler-Sloss, who was the first chairman, resigned within days after questions were raised over her handling of an earlier inquiry into abuse in the Church of England. ...

Decline of religion in Britain ‘comes to a halt’ – major study suggests
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....“However, this also appears to mask a small increase in the number of those with a non-Christian religion offsetting a small decrease in the number of Anglicans”. The biggest change within the different religious groups in recent years has been a drop in the numbers of people identifying themselves as Church of England or Anglican, from 22 per cent in 2006 to 17 per cent when the most recent data were collected last year. ...

Now Dame Lowell has quit, the great child abuse inquiry should stop too 
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.... The police raids on Lord Bramall’s home and on the home of Lord Brittan after he had died looked contemptible. In advance of Goddard, the Church of England settled out of court with a woman who said she had been abused as a child between 1949 and 1953 by George Bell, the heroic anti-Nazi wartime Bishop of Chichester. ...

Child sex abuse victims say inquiry has 'descended into farce' as third chairman Dame Lowell Goddard quits 
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....But within weeks of being announced the inquiry looked to be in doubt when two previous chairman stood down over criticism of their links to the establishment. Baroness Butler-Sloss, who was the first nominee resigned within days after reports were raised over her handling of an earlier inquiry into abuse in the Church of England. ...

The Gif of God: Church of England issues eight social media commandments
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Source : Telegraph [Read Article] Wednesday 3rd of August 2016 06:00:00 PM
....But in the age of instant communications, when some people are thought more likely to venture into their parish church in search of Pokémon than pilgrimage, clergy are being advised - gently but firmly - to keep up with the tide. The Church of England has issued new guidance to clerics and congregations to help them navigate the seemingly bewildering array of new apps and sites to incorporate into church life. ...

Pupils ‘spat on animals’ and ran wild during zoo visit
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Source : Telegraph [Read Article] Wednesday 3rd of August 2016 04:32:39 PM
....”. A senior member of zoo staff subsequently wrote to the head teacher of St Andrew’s Church of England High School, Kerry Targett, saying: "I was offsite yesterday and was incredibly disappointed to return this morning and find a number of staff complaints and a serious first aid incident regarding your school. ...

Female deacons? Has Francis put us on the path to a woman Pope?
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Source : Telegraph [Read Article] Wednesday 3rd of August 2016 04:26:36 PM
.... The commission members were named this week. If that doesn’t sound explosive, consider that the Church of England made Elizabeth Ferard a deaconess, and, the next thing we knew, the place was thronged with women bishops. ...

Prince Charles has fit of giggles over papier mache royal heads
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Source : Telegraph [Read Article] Wednesday 27th of July 2016 05:22:20 PM
....And it was a case of "bottoms up" when they enjoyed a pre-lunchtime tipple, sipping pale ale in a garden bar. The papier mache heads depicting everyone from the Queen and Duke of Edinburgh to the Duke and Duchess of Cambridge, were created by pupils from Flitcham Church of England Primary. ...

Church of England accused of 'burying bad news' over timing of abuse report
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The Church of England? We don't know what it is any more
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Source : Telegraph [Read Article] Sunday 10th of July 2016 05:00:00 PM
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Church of England bans mankinis in the pulpit
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Source : Telegraph [Read Article] Saturday 2nd of July 2016 08:30:00 PM
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Exxon investors aim to force reckoning with impact of climate change policies image
....6F). The resolution up for discussion at Exxon’s annual meeting in Dallas has been proposed by the New York state comptroller, a trustee of the New York State Common Retirement Fund, the third largest US pension fund, and the Church of England. ...
Church of England sells investments fearing market slowdown image
Source : Guardian [Read Article] Sunday 15th of May 2016 11:01:19 PM
. The Church of England has said it fears a looming global economic slowdown with governments relatively powerless to shore up growth, as it revealed a decision to offload a portion of its substantial stock market holdings. ...
RBS admits further delays in offloading Williams & Glyn image
Source : Guardian [Read Article] Thursday 28th of April 2016 02:07:22 PM
....Spinning out the Williams & Glyn branches has already created difficulty for RBS. A sale to Santander was abandoned in 2012 and a subsequent deal was announced in 2013 with a consortium backed by investments from the Church of England to try to complete the separation. ...
Brexit would cost UK households £2,200 by 2020, says OECD image
Source : Guardian [Read Article] Wednesday 27th of April 2016 09:30:01 AM
....The OECD said a slowdown in immigration would be one of the main ways the UK would be affected if it decided to leave. Related: Church of England issues EU referendum prayer. ...
Anglo American latest in FTSE 100 to face protest over chief executive pay image
.... We will be taking a fresh look at the policy during the next 12 months in order to put it to a fresh round of consultation with shareholders followed by a vote at next year’s meeting,” said Parker. The Church of England pension board was among the shareholders raising concerns about the levels of executive pay during such a tumultuous period for the company. ...
Huge losses, environmental pariah, but BP boss Bob Dudley STILL thinks he’s worth £14M image
....”. Adam Matthews, representative for Church of England pensions, which invests in BP, said: “Given the context of the headline performance of BP, is this level of pay morally right?. ...
BP shareholders revolt against CEO’s £14m pay package image
Source : Guardian [Read Article] Thursday 14th of April 2016 11:41:50 AM
....At the ExCel conference centre in London organisations and an army of small shareholders stepped up to lambast the board in person for rewarding themselves so inappropriately – as well as to ask why it was continuing to invest heavily in fossil fuels after promising to take climate change into account in all its operations. The Church of England pension board questioned “whether this level [of pay] is morally right” and went on to ask how much one individual executive needed to be incentivised to make him work. ...
We should all aim to give 0.7% of our earnings to charity | Susanna Rustin image
....5% of their wealth to good causes, though the definition of wealth is unspecified in the Qur’an and interpretations vary. In 1992, archbishop of Canterbury George Carey suggested Anglicans could be persuaded to give up to 10% to the Church of England. ...
Payday lenders 'hit by changing views' image
Source : BBC [Read Article] Tuesday 9th of February 2016 12:12:06 PM
....In 2013, the Archbishop of Canterbury told online lender Wonga that the Church would try to force it out of business by helping credit unions. But it emerged that the Church of England had indirectly invested £75,000 in the company. ...
Government revives plans to amend Sunday trading laws image
Source : Guardian [Read Article] Tuesday 2nd of February 2016 06:36:41 PM
....”. The Church of England also restated its opposition to any relaxation of the current law saying it had seen no evidence that further liberalisation would bring tangible economic benefit. ...
Welcome to the bank where financial advice is free – it’s a food bank image
Source : Guardian [Read Article] Saturday 30th of January 2016 07:00:18 AM
.... It is a strange situation around the world when we have both a problem of obesity and an issue of nutrition”. In reply, the Archbishop of Canterbury, Justin Welby, appeared to criticise the minister’s claims, saying: “Our experience in the Church of England, which is involved in the vast majority of food banks across the country, is that between 35% and 45% of people coming to get support from food banks report that the reason for running out of food is to do with changes to the benefit system and sanctions. ...
The five ethical stories that will define the next decade image
Source : Guardian [Read Article] Monday 11th of January 2016 02:43:06 PM
....Other ways to tackle climate change that have risen to prominence over the past year include scaling up the divestment movement and driving more investment into renewables. The divestment campaign has had some significant recent successes, including the Church of England divesting from tar sands oil and coal last April and Californian lawmakers passing a bill in September requiring the state’s two largest pension funds to divest from coal. ...
Grainger sells £325m equity release business to private equity image
Source : Telegraph [Read Article] Monday 4th of January 2016 08:43:12 AM
.... . The sale does not include Grainger's interest in the Church Housing Assistance for the Retired Ministry Scheme, the loans portfolio that it acquired from the Church of England in 2007. ...
Banking carry on sees RBS branch sell-off back on after seven years image
Source : Guardian [Read Article] Wednesday 16th of December 2015 08:27:58 PM
.... By 2012, the Spanish bank thought the process was taking too long and pulled out. The following year, RBS cooked up a complicated plan to bring in private equity partners, plus an investment wing of the Church of England, to speed up the branches’ progress towards a stock market flotation. ...
Santander eyes RBS branch takeover image
Source : Guardian [Read Article] Wednesday 16th of December 2015 04:36:42 PM
....RBS has been working on the flotation since 2013 with a consortium led by private equity firm Corsair capital and including the Church Commissioners, which manage £5. 5bn of investments for the Church of England. ...
How to invest in UK woodland image
Source : Telegraph [Read Article] Sunday 6th of December 2015 05:57:11 PM
.... The Church Commissioners, the £6. 7bn Church of England investment fund, became the largest private owner of forestry in the UK last year as it snapped of property in Scotland and Wales. ...
Labour 'would back tax credit U-turn' image
Source : BBC [Read Article] Sunday 25th of October 2015 02:25:12 PM
....On Monday, peers will vote on a rarely-used "fatal motion" tabled by the Lib Dems which would scrap the proposed changes entirely. Labour is backing a rival motion which calls for the changes to be delayed pending an independent analysis of their impact and until transitional assistance is put in place, while a third motion put forward by Church of England bishops expresses regret but would allow the changes to pass. ...
How to invest like ... the Church of England's money men image
Source : Telegraph [Read Article] Tuesday 13th of October 2015 06:51:49 AM
.... A recurring theme among experts is that investors should take a long-term view. Yet few can match the centuries-old record of the Church of England’s investment arm. ...
RBS applies for banking licence for Williams & Glyn spin-off image
Source : Guardian [Read Article] Thursday 1st of October 2015 05:30:22 PM
.... Originally 316 branches were included the disposal, although closures in the intervening period have reduced the size of the business. The W&G branches will be partly owned by a consortium backed by the Church of England and put together by private equity firm Corsair, which clinched a deal with RBS in 2013. ...
Source : Reuters [Read Article] Wednesday 9th of September 2015 06:18:48 AM
.... A proposed Bank of England (BoE) overhaul of credit unions would make it harder for these local savings and loans organisations to compete with banks, industry officials said on Tuesday. Lawmakers and bodies such as the Church of England want to see credit unions compete better with the "Big Four" banks that dominate the British market for current or checking accounts and personal loans, as well as with "payday" lenders charging high interest rates to those lacking access to other forms of credit. ...
New bonds to fund Church of England retirement homes image
Source : Telegraph [Read Article] Tuesday 1st of September 2015 12:19:44 PM
.... Lloyd Blankfein, the chief executive of Goldman Sachs, once said that the investment bank was “doing God’s work”. The Pension Insurance Corporation has taken this sentiment one step further by agreeing to buy £70m-worth of bonds that will pay for subsidised retirement housing for Church of England vicars. ...
Paula Vennells interview: Post Office chief banks on financial services in the digital age image
....A retail career led her to the Post Office nine years ago, where her first job as network director was to shut 2,500 outlets. Sounds ruthless, so how does it square with being a part-time Church of England curate, who preaches near her home in Bedfordshire most Sundays? “It is a difficult one,” she says, before checking herself. ...
Lord Green can’t get out of this HSBC grilling image
Source : Guardian [Read Article] Sunday 12th of July 2015 08:00:06 AM
.... HSBC has confirmed that its former boss was not bound by any confidentiality clause. Perhaps Green, an ordained lay minister in the Church of England, will now see fit to set this particular principle aside. ...
Sunday trading laws could be relaxed image
Source : BBC [Read Article] Tuesday 7th of July 2015 04:00:05 AM
....A review of the 1994 Sunday Trading Act by the then Labour government in 2006 resulted in no change to the law. The Bishop of St Albans, the Right Reverend Alan Smith - who speaks for the Church of England on the economy in the House of Lords - criticised the proposals. ...
The company bosses who pray image
Source : BBC [Read Article] Monday 6th of July 2015 09:22:21 PM
.... Typically they're wary of being seen as promoting their own faith to those below them. Gavin Oldham, executive chairman of retail stockbroker The Share Centre, is an elective lay member of the General Synod - the highest governing body of the Church of England - a fact he states openly on his firm's website biography and his Twitter account. ...
How to get married for less than £1,000 image
Source : Guardian [Read Article] Saturday 27th of June 2015 06:00:07 AM
....If you want to get married in an approved venue (you cannot just do it in your local pub), you will need to pay for a registrar, which can easily run to £400 at weekends, and you will also have to fork out for the hire of a venue. If you want a religious service costs will vary again – a Church of England wedding, for example, will set you back £413. ...
Source : Reuters [Read Article] Thursday 25th of June 2015 06:19:41 AM
.... Credit unions need new rules to reflect the broader range of financial services offered by the local loan and savings organisations, the Bank of England said on Wednesday. The central bank's Prudential Regulation Authority (PRA) published proposals to reform regulation of credit unions, which are being promoted by policymakers and the Church of England as a viable alternative to costly pay-day lenders and a banking sector tarnished by scandals and the financial crisis. ...
Credit unions need more freedom to rival payday lenders and banks, says Bank of England image
.... . The central bank's Prudential Regulation Authority (PRA) published proposals to reform regulation of credit unions, which are being promoted by policymakers and the Church of England as a viable alternative to costly payday lenders and a banking sector tarnished by scandals and the financial crisis. ...
Source : Reuters [Read Article] Wednesday 24th of June 2015 09:15:27 AM
.... Credit unions need new rules to reflect the broader range of financial services offered by the local loan and savings organisations, the Bank of England said on Wednesday. The central bank's Prudential Regulation Authority (PRA) published proposals to reform regulation of credit unions, which are being promoted by policymakers and the Church of England as a viable alternative to costly pay-day lenders and a banking sector tarnished by scandals and the financial crisis. ...
Landlords should be forced to provide cooker and fridge, says group of MPs image
....The crackdown on landlords is one of a series of recommendations included in a six-month progress report on the all-party Feeding Britain group, aimed at tackling the rise of food poverty in the UK. The original Church of England-funded report, published before Christmas, set out 77 initiatives to halt the rise in food banks, improve the food system, make the social security system more efficient, and tackle “the significant number of hungry people” in the UK. ...
World's largest sovereign wealth fund pulls out of coal image
Source : Telegraph [Read Article] Friday 5th of June 2015 05:28:15 PM
.... . The Church of England, financial groups such as French insurance company Axa, and Oxford and Stanford universities have also recently announced plans to either divest from coal or reduce their holdings. ...
Shell and BP call for international carbon pricing deal image
Source : Telegraph [Read Article] Monday 1st of June 2015 05:42:06 PM
....” . Oil majors have been targeted in a growing campaign by activists to force institutions such as the Church of England and large university endowments to disinvest from fossil fuel producers in order to limit global warming. ...
Pocket money - why it needs to survive in the digital age image
Source : Telegraph [Read Article] Saturday 30th of May 2015 07:30:27 AM
Norway fund could trigger wave of large fossil fuel divestments, say experts image
....”. Organisations that have cut or curbed coal investments recently include insurance giant Axa, the Church of England and Oxford University. ...
Wonga relaunch targets 'hard-working people' - 1,509% APR and brand to stay image
....Founded in 2006, Wonga has long come under fire for its sky-high rates. The Church of England condemned the company as “morally wrong” and pledged to “compete it out of existence” by boosting credit unions, while politicians such as Labour’s Stella Creasy have labelled its activities “legal loan sharking”. ...
Source : Independent [Read Article] Friday 15th of May 2015 10:55:54 PM
. The Church of England’s investment portfolio is to spend £100m on a huge expansion of the clergy as booming property values pushed it to over £6. ...
BHP Billiton chief says global warming won't hit dividend image
Source : Telegraph [Read Article] Tuesday 12th of May 2015 04:50:30 PM
.... . Last month the Church of England decided to move its investments out of fossil fuel producing assets involved in tar sands and thermal coal amid a growing activist campaign to encourage institutions to divest from the sector. ...
Standard Chartered vows to review role in Australian coal mine project image
....”. Last week the Church of England announced it was moving its money out of the most-polluting fossil fuels, while the Methodists have ruled out future investments in coal and tar sands. ...
Climate change must be tackled by the markets, say City grandees image
Source : Guardian [Read Article] Wednesday 6th of May 2015 05:00:06 AM
.... Now a business responsible for funds of $12bn (£8bn), it is focused on investments that are positioned in anticipation of a dramatic transformation in the energy industry. “We are convinced that the transition from a high-carbon to low-carbon economy will be the most significant process in modern economic history – matching the industrial revolution in scale, and the technological revolution in pace,” Blood and Gore explain in their strategy statement for Generation, whose clients include the Environment Agency and the Church of England’s commissioners in the UK, and Calstrs, one of America’s largest pension funds. ...
Church of England pulls out of fossil fuels, but where does it invest its cash? image
. The Church of England has said it will sell investments worth £12 million in firms where more than 10 per cent of revenue comes from fossil fuels. ...
Church to cut fossil fuel investment image
Source : BBC [Read Article] Friday 1st of May 2015 12:34:17 AM
. The Church of England is adopting a new climate change policy and will cut its investments in fossil fuel companies. ...
BP's 'activist resolution' was a triumph for environmentalists – or was it? image
....Directing proceedings from a stage emblazoned with BP’s green and yellow sunburst livery, chairman Carl-Henric Svanberg appeared aglow with satisfaction at the oil-and-gas group’s shareholder meeting two weeks ago as plaudits rained in from the unlikeliest quarters. Environmentally concerned investors, led by those acting for the Church of England, were queuing up to shower Britain’s biggest fossil fuel company with praise for what they saw as the board’s “completely unprecedented” decision to endorse a resolution tabled on climate change by a coalition of activists, some of whom had links to BP’s fiercest critics. ...
RBS replaces Williams & Glyn chief with its own executive, Jim Brown image
Source : Guardian [Read Article] Tuesday 28th of April 2015 04:44:59 PM
....Royal Bank of Scotland has appointed one of its own executives to run Williams & Glyn, the branch network that is being spun out of the bailed-out bank, replacing the banker who led the successful bid to buy it. John Maltby, a former executive at Lloyds Banking Group, led the consortium backed by the Church of England that was selected in September 2013 to take control of the 314 RBS branches being repackaged as W&G. ...
RBS drafts in Ulster Bank boss to lead Williams & Glyn image
Source : Telegraph [Read Article] Tuesday 28th of April 2015 04:39:59 PM
.... . The bank is being put together with the help of £600m in funding from a consortium of investors that includes the Church of England and is led by Lord Davies, the former Standard Chartered chief executive and trade minister under Gordon Brown. ...

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