Bank of Scotland

Settlement Administrator Angeion Group Announces Proposed Settlement In U.S. Dollar LIBOR-Based Instrument Class Action

Retrieved on: 
Friday, September 22, 2023
Class Action Lawsuit, Professional Services, Legal, JPMorgan Chase, RBC, Royal Bank of Canada, HSBC, Société Générale, Class representative, Bank of Scotland, MUFG, Class, HBOS, Vexatious litigation, Royal Bank of Scotland, Lloyds Banking Group, Deutsche Bank, Credit Suisse, Settlement, Bank of America, Lloyds Bank, Hearing, Court, UBS, Citibank, Bank, Barclays, Pharmaceutical industry, Security (finance), Portigon Financial Services, Norinchukin Bank, Rabobank

Earlier settlements totaling $680 million were reached with Barclays, Citibank, Deutsche Bank, HSBC, MUFG, Norinchukin, and SocGen bringing the total settlement amount to $781 million.

Key Points: 
  • Earlier settlements totaling $680 million were reached with Barclays, Citibank, Deutsche Bank, HSBC, MUFG, Norinchukin, and SocGen bringing the total settlement amount to $781 million.
  • The remaining Non-Settling Defendants include Bank of America, Credit Suisse, JPMorgan Chase, Royal Bank of Scotland, and UBS.
  • If you stay in the Settlement Class, you may object to the Settlement by November 17, 2023.
  • For more information, including the full Notice and Settlement Agreement, visit www.USDollarLiborSettlement.com , email [email protected] , or call 1-888-619-8688
    View source version on businesswire.com: https://www.businesswire.com/news/home/20230922307645/en/

Sumsub Enables Non-Document UK Customer Onboarding in Five Seconds with via Major Banks

Retrieved on: 
Thursday, September 21, 2023
Fintech, HSBC, Partnership, OneID, First Direct, Bank of Scotland, Starling, Ulster, TSB, ID, AML, MBNA, Monzo, Chase, RBS, Bank, Fraud, NatWest, SDK, Barclays, Virgin Money, Cryptocurrency, Online shopping, Nationwide

LONDON, Sept. 21, 2023 /PRNewswire/ -- Sumsub, the leading global full-cycle verification platform, is announcing the introduction of its Non-Document Verification solution in the UK. Customers across the fintech, crypto, ecommerce, online gaming and transportation industries, among others, can now onboard their users via official bank records securely with near-instant identity verification, while staying compliant with UK regulations. Non-Document Verification is also currently available in Nigeria, Brazil, Argentina, Indonesia, Ghana, Bangladesh, India and the Netherlands.

Key Points: 
  • The solution is made possible through its strategic partnership with OneID , a UK Government-certified identity provider.
  • Sumsub is the first global firm to offer document-free verification services as part of a holistic compliance solution across the whole user journey.
  • OneID enables Sumsub to provide lightning-fast verification in less than five seconds - far quicker than the industry's average onboarding time of two minutes.
  • Finally, Sumsub instantly retrieves and verifies the required data, successfully onboarding the new customer without any documents.

EQS-News: Bank of Scotland plc: 2023 Half-Year Results

Retrieved on: 
Wednesday, July 26, 2023
Bank of Scotland, Reading, HBOS, Web browser, 2021 Tour de France, Stage 1 to Stage 11, MBNA, Lloyds Bank, Lloyds Banking Group, ECL, Depreciation, Growth, PDF, Bank, Cryptocurrency

Bank of Scotland plc (the Bank) and its subsidiaries (together, the Group) provide a wide range of banking and financial services.

Key Points: 
  • Bank of Scotland plc (the Bank) and its subsidiaries (together, the Group) provide a wide range of banking and financial services.
  • Loss after tax was £31 million (half-year to 30 June 2022: profit after tax of £843 million).
  • Total income for the half-year to 30 June 2023 was £1,751 million, a decrease of 33 per cent on the first half of 2022.
  • Total equity increased by £234 million from £16,046 million at 31 December 2022 to £16,280 million at 30 June 2023.

EQS-News: Bank of Scotland plc: 2022 Annual Report and Accounts

Retrieved on: 
Saturday, March 11, 2023
Terrorism, Longevity, Hostility, News, Failure, Bank, Lloyds Bank, Instability, Attack, Reach, London Stock Exchange, Cooperation, Bank of Scotland, Uncertainty, Climate change, London, Government, Lloyds Banking Group, ESG, Elis James, Policy, Commonwealth of Australia (US securities entity), Probability, US, Risk, Bank statement, Annual report, European, Disaster, RNS, COVID-19, EU

Statements that are not historical or current facts, including statements about the Group's or its directors' and/or management's beliefs and expectations, are forward looking statements.

Key Points: 
  • Statements that are not historical or current facts, including statements about the Group's or its directors' and/or management's beliefs and expectations, are forward looking statements.
  • By their nature, forward looking statements involve risk and uncertainty because they relate to events and depend upon circumstances that will or may occur in the future.
  • Please refer to the latest Annual Report on Form 20-F filed by Lloyds Bank plc with the US Securities and Exchange Commission (the SEC), which is available on the SEC's website at www.sec.gov, for a discussion of certain factors and risks.
  • This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange.

Taskforce on Climate-related Financial Disclosures a ‘game-changer’ for sustainable lending in the UK, announces Head of Climate at Lloyds Bank in conversation with Chris Caldwell of United Renewables

Retrieved on: 
Friday, November 25, 2022
Task force, Climate, Climate change, Bank, Interview, Language, Bank of Scotland, Financial Stability Board, Isle, Sustainability, Consultant, Lloyds Bank, Finance, Renewable energy

I think its the most powerful, Schmidt explained to podcast host Chris Caldwell.

Key Points: 
  • I think its the most powerful, Schmidt explained to podcast host Chris Caldwell.
  • The TCFD framework was created by the Financial Stability Board in 2015, under former chair and Governor of the Bank of England Mark Carney.
  • Its purpose was to create a set of globally-recognised standards and recommendations to help banks, insurers and investors disclose climate risks.
  • Conversations on Climate brings world-leading thinkers from business and academia together to share their expertise on the subject of climate change.

Feedzai together with Lloyds Banking Group recognized as a Aite-Novarica Group 2022 Fraud Impact Award Winner

Retrieved on: 
Monday, August 15, 2022
Machine learning, Intelligence, Lloyds Banking Group, Risk, Industry, GLOBE, Technology, IP, Bank of Scotland, AML, Bank, COVID-19, City centre, Twitter, SAN, Scottish Widows, Fraud, Artificial intelligence, Privacy, Lloyds Bank, Organization, Solution, LinkedIn, Friction, Consultant, Cryptocurrency, Pharmaceutical industry, Online shopping, Financial services

Due to its proficiency in mitigating fraud risk, Feedzais patent innovation is helping many financial institutions including Lloyds Banking Group, one of the largest retail banks in the world.

Key Points: 
  • Due to its proficiency in mitigating fraud risk, Feedzais patent innovation is helping many financial institutions including Lloyds Banking Group, one of the largest retail banks in the world.
  • In the U.S., the impact of identity fraud last year was $52 billion in financial loss, affecting 42 million consumer victims (Javelin Research).
  • About the Aite-Novarica Group 2022 Fraud Impact Innovation Awards: The Fraud & AML Impact Innovation awards honors organizations with innovations that are bringing the financial services industry one step closer to triumphing over fraud, money laundering, and other illicit activity.
  • Lloyds Banking Group has many household names like Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.

DGAP-News: Bank of Scotland plc: 2022 Half-Year Results

Retrieved on: 
Wednesday, July 27, 2022
Lloyds Banking Group, United Kingdom, London Stock Exchange, Risk, Income, COVID-19, News, HBOS, IFRS, IFRS 9, Financial Conduct Authority, Unemployment, Bank of Scotland, RNS, Reading, ECL, Growth, London, DGAP, Bank, Life insurance, Reinsurance, Lithium, Group

Bank of Scotland plc (the Bank) and its subsidiaries (together, the Group) provide a wide range of banking and financial services.

Key Points: 
  • Bank of Scotland plc (the Bank) and its subsidiaries (together, the Group) provide a wide range of banking and financial services.
  • Net fee and commission income for the period was 143 million compared to 125 million in the first half of 2021, reflecting improved credit and debit card performance.
  • Asset quality remains strong with sustained low levels of new to arrears, remaining below pre-pandemic levels.
  • The Group's severe scenario has been adjusted to include a higher UK Bank Rate, and higher inflation path, to better reflect the present risks.

DGAP-News: BANK OF SCOTLAND PLC ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

Retrieved on: 
Tuesday, March 8, 2022
Bank, Financial Conduct Authority, Government, United Kingdom, Risk, Instability, Lloyds Banking Group, Disaster, Terrorism, Failure, Annual report, ESG, U.S. Securities and Exchange Commission, Hinterland (TV series), Hostility, Policy, RNS, DGAP, London Stock Exchange, Climate change, News, Vicente Lopez Ibor Mayor, London, Uncertainty, Mission statement, Cooperation, Lloyds Bank, Bank of Scotland, SEC, Union, Probability, Goal, Insurance, US, Eurozone, EU, Group, COVID-19

Statements that are not historical or current facts, including statements about the Group's or its directors' and/or management's beliefs and expectations, are forward looking statements.

Key Points: 
  • Statements that are not historical or current facts, including statements about the Group's or its directors' and/or management's beliefs and expectations, are forward looking statements.
  • By their nature, forward looking statements involve risk and uncertainty because they relate to events and depend upon circumstances that will or may occur in the future.
  • RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
  • The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

The Rohatyn Group Appoints Colin Clark and Erik Kankainen as Partners

Retrieved on: 
Thursday, January 6, 2022
Finance, Agriculture, Natural Resources, Professional Services, Forest Products, Knowledge, Acquisition, Forestry, Bank, City, Partner, Citigroup, Partnership, TRG, EMEA, CEE, Investment, Bank of Scotland, Security (finance)

The Rohatyn Group (TRG), an asset management firm with expertise in emerging markets and real assets, announced today that it is appointing Colin Clark and Erik Kankainen as Partners.

Key Points: 
  • The Rohatyn Group (TRG), an asset management firm with expertise in emerging markets and real assets, announced today that it is appointing Colin Clark and Erik Kankainen as Partners.
  • Mr. Clark, who is based in London, leads TRGs private equity investments in Europe across a wide range of sectors.
  • Mr. Clark and Mr. Kankainen joined the firm following the acquisitions of Citi Venture Capital International (CVCI) in 2013 and GMO Renewable Resources (GMORR) in 2017, respectively.
  • TRG CEO Nick Rohatyn added: Erik and Colin both exemplify TRGs collaborative, entrepreneurial, and determined culture.

Nordea appoints Ian Smith as Group CFO

Retrieved on: 
Thursday, January 30, 2020
Lloyds Banking Group, Companies, Financial services, Banks, Nordea, Lloyds Bank, Virgin Money UK, HBOS, Halifax, Sampo Group, Bank of Scotland, B

Ian Smith, Group Chief Financial Officer (CFO) of Virgin Money UK PLC, will join Nordea as Group CFO and Head of Group Finance.

Key Points: 
  • Ian Smith, Group Chief Financial Officer (CFO) of Virgin Money UK PLC, will join Nordea as Group CFO and Head of Group Finance.
  • Ian Smith, 53, currently serves as Group CFO of Virgin Money UK PLC.
  • Ian has also served as Director of Group Finance at Lloyds Banking Group plc and at Halifax Bank of Scotland plc.
  • As announced earlier, the current CFO Christopher Rees has decided to relocate to the UK and will leave Nordea and step down from the Group Leadership Team at the latest when Ian joins.