Banking on Scotland

Article Abstract:

The Royal Bank of Scotland and the Bank of Scotland are viewed differently by the British and Scottish public, the business and financial section of London, and by the two banks themselves. The public views both banks as major banking institutions in Scotland. The City, London's business and financial sector, considers the Bank of Scotland one of the best managed banks in the UK, while regarding the Royal Bank as merely a medium-sized bank. Each of the two banks jealously hold claim to their unique standing in the banking sector. Proof of the Bank of Scotland's strength in the British banking industry lies in its favorable returns and its decision to diversify business in the south using an unbranched network. The Royal Bank of Scotland has yet to prove itself through a strategy it is implementing that involves expansion into the US banking sector through Citizens Bank of New England.

Foreign bank & branches & agencies, Banking industry, Evaluation, Bank of Scotland, Public opinion, Royal Bank of Scotland PLC, Bank management

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Labour's Throg Street cred

Article Abstract:

Diversity marks political opinion among members of the UK's financialcommunity with regards to the 1992 election. This is an interesting development considering that the city of London, the financial center of the UK, has always been supportive of the Conservative Party (Tory). The City remains mostly pro-Tory, but the Labour Party has been slowly gaining support. Some members of the financial district have become disenchanted with the Tories and may even welcome a Labour Party victory, partly because of the ruling party's unsatisfactory economic policy. Monetarist economists and anti-state business people, for instance, strongly oppose the rapidly increasing government borrowing.

Business, Column, Political aspects, Elections

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Reputation on the line

Article Abstract:

London's reputation as a secure and stable financial center is being threatened by a recent series of financial scandals. The BCCI affair, Robert Maxwell's pillage of company pension funds and Ferranti's missing International Signal contracts worth hundreds of millions of pounds sterling are just some of the cases that have been keeping the Serious Fraud Office busy. The rising incidence of business fraud underscores the need for the reevaluation and tightening of the rules and guidelines governing business practices if London is to preserve its position as a major international financial center.

London, England, Commercial crimes

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