86 press releases for "Banking"

27 March 2017

Mixed picture for UK financial services, finds PwC/CBI survey

Hiring expected to rise as profitability improves Sentiment amongst financial services firms deteriorated further in the three months to December, but there are signs of...

08 March 2017

Budget 2017- PwC comments on R&D tax credits red-tapereduction - boost for financial sector's cyber security efforts?

Commenting on the Chancellor’s efforts to reduce paperwork when claiming R&D tax credits, Peter Maybrey, financial services tax partner at PwC said: “The Chancellor’s moves...

Budget 2017 - PwC comments on the impact of NIC changes on financial services contractors and employers

Commenting on the increase in the main rate of Class 4 NICs for the self-employed by 1% to 10%, with a further 1% increase in...

Budget 2017 - PwC comments on today's Budget and the financial services sector - damp squib or thankfully quiet?

Commenting on today's Budget in relation to the financial services sector, Sarah Prior, financial services tax partner, said: "Today's Budget has thankfully been a quiet...

03 March 2017

New banks shed “challenger” label and sharpen focus on distinctive offerings

‘Challenger’ CEOs say distinctive offerings avoid the need to compete directly with the main high street players – many don’t see current account switching market...

23 January 2017

Mixed picture for UK financial services sector, latest CBI/PwC survey finds

Hiring expected to rise as profitability improves Sentiment amongst financial services firms deteriorated further in the three months to December, but there are signs of...

30 November 2016

PwC comments on Bank of England stress tests results

Commenting on the Bank of England's stress tests results today,   James Hewer, UK stress tests leader and partner at PwC said:   "Today's stress...

24 November 2016

PwC comments on EU's proposed changes to finalise Basel III and start implementing Basel IV

Earlier this week , the European Commission published its first proposals for revised rules to calibrate capital and liquidity requirements – in the form of...

23 November 2016

Autumn Statement - PwC comments on interest deductibility proposals for banks

Commenting on interest deductibility proposals for banks, Peter Maybrey, banking and capital markets partner, PwC said: "Supporting the competitiveness of the UK's banking sector is...

09 November 2016

Banks’ tax contribution climbs to £34.2 billion, PwC finds

· £17.4 billion was paid by UK banks in year to 31 March 2016, and £16.8 billion by foreign banks The total tax contribution of...

03 November 2016

Credit where it’s due- UK unsecured borrowing increases by £62m a day

Total unsecured debt in UK reached an all-time high in 2016, at almost £10,000 per household PwC’s Credit Confidence Survey shows confidence at its highest...

31 August 2016

Statement from PwC re the conclusion of the Financial Reporting Council's Cattles plc investigation

PwC said: "While the FRC has acknowledged that we had been deliberately misled by third parties, we recognise that certain aspects of this 2007 audit...

29 July 2016

European Banking Authority stress test results: PwC comments

Anthony Kruizinga, PwC's European head of stress testing, said: “The European stress testing regime, which began in its current form with the Comprehensive Assessment in...

21 July 2016

Europe’s banking market in need of a “Fintervention”– and now has a major opportunity to transform itself

European banks must initiate an overhaul in order to fend off new and varied challengers as the spectre of Brexit looms over the sector. This...

24 June 2016

EU referendum- PwC comments on fintech sector impact

Steve Davies, EMEA fintech leader at PwC, commented: "London is emerging as the fintech capital of the world. This is in part because of the...

EU referendum- PwC comments on banking sector impact

Simon Hunt, UK head of banking and capital markets at PwC, commented: "The UK is one of the world’s leading financial centres. The banking sector...

17 June 2016

Bank of England FinTech Accelerator partners with PwC on distributed ledger Proof of Concept  

PwC’s Emerging & Digital Technologies team has today announced an exciting project undertaken with the Bank of England which provided technical expertise and support to...

16 June 2016

Optimism wanes among financial services firms for second consecutive quarter – CBI/PwC

Growth in business volumes holds up Optimism among firms in the financial services sector fell for the second consecutive quarter in the three months to...

14 June 2016

PwC names Andrew Kail as new UK head of Financial Services

PwC has appointed Andrew Kail as leader of its UK Financial Services practice, succeeding Kevin Burrowes who joins PwC UK’s Executive Board from 1 July...

06 June 2016

PwC Legal hires new banking and finance lead

PwC Legal has appointed Laetitia Costa as head of its banking and finance Team. Laetitia joins from Milbank where she was a partner and has...

17 May 2016

CMA publishes provisional decision on remedies for the retail banking market : PwC comments

Commenting on today's publication of the Competition and Markets Authority (CMA) retail banking investigation provisional remedies, John Lyons, retail and commercial banking leader and partner...

27 April 2016

PwC's Global Investor survey reveals contrast with CEO opinions on key skills, value creation and performance incentives

A new global survey from PwC reveals the differing views between investors and chief executives on key issues such as performance incentives, the availability of...

18 April 2016

Money Laundering: RUSI and PwC collaborate on impact review of the UK’s AML and CTF regulations

New project aims to survey effectiveness of compliance rules implemented by financial institutions, and assess the associated costs and effectiveness in combatting money laundering and...

15 April 2016

Standards setter finalises revenue rules - but it could cost billions globally to implement

The International Accounting Standards Board’s amendments to the new revenue standard, IFRS 15 "Revenue from contracts with customers", have now been finalised. Responding to the...

01 April 2016

Financial Stability Board (FSB) Taskforce on Climate-related Financial Disclosures (TCFD) launches first report - PwC responds

Jon Williams, financial services and climate change partner, PwC, comments on the challenge of bringing climate-related risks into the financial mainstream: “Given the scale of...

29 March 2016

‘Perfect Storm’ of events dampens optimism among financial services firms – CBI/PwC

Optimism among firms in the financial services sector has fallen at the fastest rate since 2011, according to the latest CBI/PwC Financial Services Survey. The...

29 February 2016

Savvy shoppers go smartphone globetrotting to bargain hunt – but worries still linger about information security

As canny shoppers find more sophisticated ways to compare prices and find the best deals, 70% of UK consumers say they expect to buy goods...

17 February 2016

PwC appoints Patrick Spens to explore transformational potential of blockchain,distributed ledger technology and encryption

PwC has hired Patrick Spens, the former regulator, hedge fund founder and city trader, to help consider the implications and possible applications for blockchain technology...

UK banking CEOs issue warnings on cyber threats and job cuts - PwC survey

UK banking CEOs are preparing for cyber-attacks, predicting a decline in staff numbers and planning tax changes to reflect tougher stakeholder expectations over banking transparency....

21 January 2016

PwC comments on the Bank of England's New Bank Start-up Unit launch

Commenting on the announcement regarding the Bank of England’s launch of a New Bank Start-up Unit, Darren Meek, PwC's challenger banks leader, said: "This announcement...

18 January 2016

Profitability remains strong as Financial Services firms focus on costs, says CBI/PwC poll

Overseas level of business below normal, quarterly survey finds Growth in business volumes picked up more strongly than expected in the three months to December...

11 December 2015

Update on Caparo Industries plc and its subsidiaries – collectively the “Caparo Industries Group" or “CIP” – in administration

PwC is delighted to confirm the successful conclusion of the sale of substantially all of the remaining businesses and assets of Caparo Industries Group. This...

IPO market ends 2015 on a high with estimated total annual proceeds increasing by 15% year on year

PwC expects to see more than €58 billion of proceeds raised in FY15, after Q4 delivered five mega IPOs raising more than €1.5billion each across...

10 December 2015

PwC comments on Basel Committee's announcement on Risk Weighted Assets consultation

Commenting on the Basel Committee issuing its second consultation on the Standardised Approach (SA) for calculating Risk Weighted Assets (RWAs) for credit risk, Richard Barfield,...

08 December 2015

Cyber crime fears dominate UK Banking Banana Skins' threat rankings

‘Banana Skins’ poll identifies top threats to banks UK bankers and market watchers now place fears about cyber crime at the top of a list...

30 November 2015

Update on Caparo Industries plc and its subsidiaries – collectively the “Caparo Industries Group" or “CIP” – in administration

PwC is pleased to announce the sale of the Caparo Tubular Solutions business to the Gupta family, whose interests include the SIMEC and Liberty House...

23 November 2015

Update on Caparo Industries plc and its subsidiaries – collectively the “Caparo Industries Group" or “CIP” – in administration

PwC is pleased to announce the sale of Caparo Wire in Wrexham to Rcapital. This deal safeguards the jobs of 79 employees. The business specialises...

20 November 2015

Update on Caparo Industries plc and its subsidiaries – collectively the “Caparo Industries Group" or “CIP” – in administration

PwC is pleased to announce the sale of Caparo Testing Technologies to Applus+, a company operating globally in the Testing, Inspection and Certification sector. This...

17 November 2015

Payroll mistakes cost FTSE100 businesses £10m-£30m per year each

Payroll errors cost the average FTSE 100 company between £10m and £30m per year, a new study from PwC has found. This surprising statistic forms...

30 October 2015

Caparo Industries plc and its subsidiaries – collectively the “Caparo Industries Group" or “CIP” - in administration UPDATE

On Monday 19 October, Administrators from PwC, were appointed to 16 companies within the Caparo Industries Group. These companies were: (1) Caparo Industries Plc (2)...

Caparo Industries plc and subsidiaries – collectively the “Caparo Industries Group" or “CIP”- in Administration

On Monday 19 October, Administrators from PwC, were appointed to 16 companies within the Caparo Industries Group. Following their appointment the Administrators have worked closely...

28 October 2015

PwC restructuring scheme helps protect 2,000 jobs at steel trader Stemcor after lenders agree terms

As the steel industry finds itself under unprecedented pressure, PwC has announced a deal to help safeguard the jobs of close to 2,000 workers at...

15 October 2015

Pace of retailers shutting up shop plummets to lowest level for five years says PwC and The Local Data Company

H1 overall closures at five-year lows Lowest churn rate of openings + closures since 2011 Coffee shops, charity shops, take away food shops thriving Cheque...

09 October 2015

AIM Awards celebrate 20th year alongside AIM exchange’s 20th birthday as winners are announced

PwC is proud to announce the winners of the AIM Awards 2015. In this, the AIM exchange's 20th year, the volume, range and quality of...

AIM Awards celebrate 20th year alongside AIM exchange’s 20th birthday as winners are announced

PwC is proud to announce the winners of the AIM Awards 2015. In this, the AIM exchange's 20th year, the volume, range and quality of...

08 October 2015

Europe's IPO pipeline looks promising for the rest of 2015 and may match 2014 proceeds

Q3 2015 activity was subdued – with 53 IPOs (down 30% from Q3 2014) raising €4.6bn (down nearly a third on Q3 2014). 94% of...

08 July 2015

Budget - PwC comments on bank levy

In response to the Chancellor's Summer Budget, Matthew Barling, PwC banking tax partner said: "The reform and reduction in the bank levy will be welcomed...

06 May 2015

£675m bulk annuity deal between Rothesay Life and Lehman Brothers Pension Scheme Trustees announced

Rothesay Life assumes pension liabilities for all defined benefit pension scheme members of the Lehman Brothers Pension Scheme (“the Scheme”), including pensioners in payment and...

10 April 2015

Strongest European first IPO quarter since dotcom boom in Q1 2000

Q1 2015 saw €16.4bn of IPO proceeds in Europe, the strongest start for 15 years Activity was driven by €1bn+ deals in Madrid, London, Switzerland...

08 April 2015

PwC targets an extra £56m return to MG Rover creditors as 10-year milestone is passed

Today marks ten years since Rob Hunt, Tony Lomas, and Ian Powell were appointed as administrators of MG Rover Group, the Midlands -based car production...
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