Credit, Collections & Insolvency News
UK Finance has announced the appointments of Susan Allen, Head of Retail and Business Banking, Santander UK, and Charlotte Hogg, CEO, Visa Europe, to its board. Susan Allen is Head of Retail and Business Banking, Santander UK, and is responsible for the bank’s retail and business banking operations spanning 15 million customers and a nationwide…
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CYBG has appointed Dave Pickering to its Group Risk function as its new Head of Integration and Transformation Risk Oversight. As part of the Risk leadership team, Pickering will be responsible for the risk oversight of the programme to successfully integrate and transform Virgin Money, working closely with the Group’s Board and leadership teams on…
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Chief Finance Officers (CFOs) are intensifying their focus on cost control, with 58% saying it is a strong priority for the next 12 months, according to Deloitte’s latest CFO Survey. This is the highest level for ten years. Almost two-thirds of CFOs (65%) say their business faces high or very high levels of external financial…
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Almost a third (29%) of consumers spend an average of £120 a year paying for unwanted policies, subscriptions, and memberships that they haven’t cancelled, according to new research by online bank Marcus by Goldman Sachs. Online subscription services (32%) are the most frequently forgotten subscriptions and policies to cancel, followed by gym memberships (26%) and magazine…
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SMEs are least likely to invest in their businesses during the remainder of 2019 according to the latest Global Business Monitor from Bibby Financial Services (BFS) and trade credit insurer, Euler Hermes. The report offers insight into the opportunities and threats faced by SMEs worldwide, based on a survey of businesses across 13 regions, with…
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The Financial Conduct Authority (FCA) has announced that it plans to ban the way in which some car retailers, and other brokers in the motor finance sector, receive commission. Currently, some motor finance brokers receive commission which is linked to the interest rate that customers pay. The broker can set that rate and the FCA…
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