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Barclays, a former basket case of British banking, is beginning to look inspiringly mediocre. The bank has failed Bank of England stress tests less resoundingly than Royal Bank of Scotland. Investors believe its assets are worth only 10 per cent less than their book value, judging from the share price. Although Barclays’s legal team have […]

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Currencies, Equities

Scary movie sequel beckons for eurozone markets

Just as horror movies can spook fright nerds more than they expect, so political risk is sparking heightened levels of anxiety among seasoned investors. Investors caught out by Brexit and Donald Trump are making better preparations for political risk in Europe, plotting a route to the exit door if the unfolding story of French, German […]

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Dollar rises as markets turn eyes to Opec

European bourses are mirroring a tentative Asia session as the dollar continues to be supported by better US economic data and investors turn their attention to a meeting between Opec members. Sentiment is underpinned by US index futures suggesting the S&P 500 will gain 3 points to 2,207.3 when trading gets under way later in […]

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Basel Committe fail to sign off on latest bank reform measures

Banking regulators have failed to sign off the latest package of global industry reforms, leaving a question mark hanging over bankers who complain they have faced endlessly evolving regulation since the financial crisis. Policymakers had hoped to agree the contentious new measures at a crunch meeting held in Chile this week, but a senior official […]

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Banks, Financial

Banking app targets millennials who want help budgeting

Graduate debt, rent and high living costs have made it hard for millennials to save for a house, a pension or even a holiday. For Ollie Purdue, a 23-year-old law graduate, this was reason enough to launch Loot, a banking app targeted at tech-dependent 20-somethings who want help to manage their money and avoid falling […]

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Categorized | Banks

Influential female banker Terri Dial dies

Posted on February 29, 2012

Terri Dial, who started her career as a bank teller before rising to senior roles at Wells Fargo, Lloyds TSB and Citigroup, has died at the age of 62.

Her 27 years at Wells saw Ms Dial move from the bottom rung of the corporate ladder to head the company’s California operation. She was then picked by Lloyds TSB to run the company’s UK consumer banks before Vikram Pandit, chief executive of Citi, chose her to run the company’s North American consumer banking unit.

Nicknamed “the human cyclone” for her rapid ascent and sometimes forceful attitude to business, she was a proponent of adopting quickly some of the technological changes that have shaken up retail banking in the past two decades.

Ms Dial left her Citi position at the start of 2010 in a management shake-up, though she continued to work as an adviser to the bank. Mr Pandit on Wednesday called her “one of the most influential bankers of her generation and, by any measure, one of the most powerful women in our industry”.