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Barclays scotches FT story on Woolwich plan

An FT report last week stated that Barclays is considering giving The Woolwich a greater in-branch presence as well as reducing the number of processing centres it has in the UK to boost its offshore presence.

The newspaper put these changes down to Deanna Oppenheimer, who was brought in from Washington Mutual and said the bank is poised to unveil the shake-up later this month.

It reported that Barclays could move more of The Woolwich’s operations into bank branches.

But Hilary McVitty, spokeswoman for Barclays, says the FT story is pure speculation.

McVitty says: “This is speculative stuff. We have made no announcements about our plans.”

Barclays bought The Woolwich for 5.3bn in 2000.


New exam format increases success rate for Financial Advisers

The Institute of Financial Services says financial advisers currently sitting their professional exams have a greater chance of passing now, thanks to a new exam format. It says the pass rate for the Certificate for Financial Advisers has greatly improved since it introduced the new exams late last year.CeFA is the threshold qualification for financial […]

Consumers dance but must face the music

“There may be trouble ahead,” crooned Frank Sinatra, and in a less succinct way this was the song being sung by Mervyn King last week.

Guide helps advisers start their own business

Burns-Anderson have published A Guide to Starting Your Own Business. The guide is aimed at financial, mortgage and general Insurance advisers who wish to start up their own firm.Chief executive Mike Hughes says Many advisers working for larger firms, including tied agents feel ready to break out on their own but are nervous about taking […]

JEREZ 2006: Lenders back packagers

Lenders have got behind packagers and say there is still a role for them in the market. Speaking at the Mortgage Summit in Jerez on June 21, Charles Haresnape, managing director of mortgages at Bank of Scotland, says although there is still room for improvement in some packagers, the good ones will develop rather than […]


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